PUBLICATIONS            (update: September 2016)

Fanelli, L. (with E. Bacchiocchi and E. Castelnuovo), 2016, "Give me a break ! Identification and estimation of the macroeconomic effects of monetary policy shocks in the U.S.", MACROECONOMIC DYNAMICS, forthcoming.

Fanelli, L. (with G. Angelini), 2016, "Misspecification and expectations correction in New-Keynesian DSGE models", OXFORD BULLETIN OF ECONOMICS AND STATISTICS 78, 623-649.

Fanelli, L. (with E. Bacchiocchi
), 2015, "Identification in Structural Vector Autoregressive models with structural changes, with an application to U.S. monetary policy", OXFORD BULLETIN OF ECONOMICS AND STATISTICS 77, 761-779.

Fanelli, L. (with Efrem Castelnuovo
), 2015, "Monetary policy indeterminacy and identification failures in the U.S.: results from a robust test", JOURNAL OF APPLIED ECONOMETRICS 30, 857-1010.
Fanelli, L. (with Gunnar Bårdsen), 2015, "Frequentist evaluation of small DSGE models", JOURNAL OF BUSINESS AND ECONOMIC STATISTICS 33, 307-322.

Fanelli, L., 2012, "Determinacy, indeterminacy and dynamic misspecification in linear rational expectations models", JOURNAL OF ECONOMETRICS 170, 153-163.

  Fanelli, L. (with G. Palomba), 2011, "Simulation-based tests of forward-looking models under VAR learning dynamics", JOURNAL OF APPLIED ECONOMETRICS 26, 762-782.

   Fanelli, L. (with P. Paruolo), 2010, "Speed of adjustment in cointegrated systems" JOURNAL OF ECONOMETRICS 158, 150-141.

   Fanelli, L. (with Cavaliere, G. and Gardini, A.), 2009, "Consumption risk sharing under adjustment costs", ECONOMICS BULLETIN 29(2), 1128-1137.

   Fanelli, L. (with Cavaliere, G. and Paruolo, P.), 2008, "Tests for cointegration rank and choice of the alternative". STATISTICAL METHODS & APPLICATIONS  18, 169-191.

   Fanelli L., 2008, "Evaluating the New Keynesian Phillips Curve under VAR-based Learning" ECONOMICS: THE OPEN-ACESS, OPEN-ASSESSMENT E-JOURNAL Vol. 2, 2008-33.

Fanelli, L.(with Cavaliere, G. and Gardini, A.), 2008, "International dynamic risk sharing". JOURNAL OF APPLIED ECONOMETRICS 23, 1-16.

Fanelli, L. (2008),  "Testing the New Keynesian Phillips curve through Vector Autoregressive models: results from the Euro areaOXFORD BULLETIN OF ECONOMICS AND STATISTICS 70, 53-66.

  Fanelli, L. (2007), "Present value relations, Granger non-causality and VAR stability", ECONOMETRIC THEORY 23, 1254-1260

  Fanelli, L (2006), Multi-equational linear quadratic adjustment cost models with rational expectations and cointegration". JOURNAL OF ECONOMIC DYNAMICS AND CONTROL 30, 445-456.

Fanelli, L. (2006), "Dynamic adjustment cost models with forward-looking behaviour". ECONOMETRICS JOURNAL 9, 23-47.

Fanelli, L. (2006) (with Cavaliere, G. and Gardini, A.), “Regional consumption dynamics and risk sharing in Italy”. INTERNATIONAL REVIEW OF ECONOMIC AND FINANCE 15(4), 525-542.

Fanelli, L. (2005) (with Bacchiocchi, E.), "Testing the purchasing power parity through I(2) cointegration techniques".  JOURNAL OF APPLIED ECONOMETRICS 20, 749-770.

Fanelli, L. (2005) (with Gardini, A. and Cavaliere, G.), "Risk sharing, avversione al rischio e stabilizzazione delle economie regionali in Italia". RIVISTA DI POLITICA ECONOMICA, maggio-giugno 2005.

 Fanelli, L. (with Paruolo, P.) (2003), New evidence on the tramission mechanisms of monetary policy in Italy before stage III of European Monetary Union. In: Ricerche quantitative per la politica economica 1999. Perugia, 15-18 December, p. 603-653, ROMA: BANCA D’ITALIA.

  Fanelli, L. (2002): "A new approach for estimating and testing the Linear Quadratic Adjustment Cost model under rational expectations and I(1) variables", JOURNAL OF ECONOMIC DYNAMICS AND CONTROL  26 (1), 117-139, DOWNLOAD.

  Fanelli, L. (2002) (with Mazzocchi, M.), "A cointegrated VECM demand system for meat in Italy", APPLIED ECONOMICS  34 (13), 1593-1605, DOWNLOAD.