Post-pandemic inflation was predominantly driven by unexpectedly strong demand forces, in both the US and euro area, resulting from pent-up demand, expansionary fiscal policy and accommodative monetary stances by the Fed and ECB. Domenico Giannone Giorgio Primiceri ow.ly/CLZ550TqGL6

VoxEU column on the drivers of inflation in the US and Europe, based on the Sintra paper with Domenico Giannone

A nice handbook for macroeconomic forecasters. Check out chapter 1 for an overview, and chapter 7 for my work with Domenico Giannone on recession risk, where we show that recessions are characterized by the joint occurrence of soft economic data and tight financial conditions.

amazon.science/publications/n…

“Growth-at-risk and other at-risk frameworks based on the same methodology have given central banks crucial tools for dealing with today’s high levels of uncertainty.”

OUTLOOK-AT-RISK The April readings for Outlook-at-Risk show that downside risks to real activity and upside risks to inflation have risen. Charts | Commentary | Data nyfed.org/3PrFE1d #AMEC

RESERVE DEMAND ELASTICITY ǀ April 2025 The elasticity of the federal funds rate to reserve changes is very small and statistically indistinguishable from zero. The estimate suggests that reserves remain abundant. nyfed.org/3A5Adl9

Component-Based Dynamic Factor Nowcast Model By Hannah O’Keeffe and Katerina Petrova #AMEC >>> nyfed.org/4312ftx

New CEPR Discussion Paper - DP20219 Scenario Synthesis and Macroeconomic Risk Tobias Adrian IMF, Domenico Giannone Domenico Giannone IMF, Matteo Luciani Federal Reserve, Mike West Duke Economics ow.ly/BKtx50VPRl5 #CEPR_MEF #EconTwitter

Quantifying global #debt risks amid high and rising public debt Davide Furceri, Domenico Giannone, Faizaan Kisat, Raphael Lam, Hongchi Li IMF ow.ly/8Chr50WbmKV

Global Debt@Risk

Welcome to our newest Bloomberg Distinguished Professor, internationally recognized economist Domenico Giannone, who joins Johns Hopkins University as the Bloomberg Distinguished Professor of Economics and Statistics. hub.jhu.edu/2025/07/08/dom…

Welcome to Hopkins, Domenico Giannone!