Angela Maddaloni


Functions:

  • Adviser in the Financial Research Division
  • Secretary of the ESCB Macroprudential Research Network (MaRs) , until October 2012
  • Associate Editor, Multinational Finance Journal

Fields of interest:

  • Macro-financial linkages
  • Transmission of monetary policy
  • Credit and business cycles
  • Empirical asset pricing
  • Demographic changes and financial markets

Education:

  • Ph.D. Finance, Columbia University, New York, USA, 2002
  • M.Phil. Columbia University, New York, USA, 2000
  • Laurea cum Laude in Statistics and Economics, University of Siena, Italy, 1993

Professional experience:

  • ECB, 2007-current, Senior/Principal Economist in the Directorate General Research
  • ECB, 2006-2007, Senior Economist in the Directorate Monetary Policy
  • ECB, 2001-2006, Economist in the Directorate Monetary Policy

Awards:

  • Isaak Kerstenetzky Award 2010, Honourable Mention, for the paper "Trusting the bankers: a new look at the credit channel of monetary policy"
  • Columbia University, Graduate School of Business, full tuition fellowship and assistantship, New York, USA, 1995-2000
  • Fellowship from Monte dei Paschi di Siena, visiting scholar at Columbia University, New York, USA 1994-1995

Teaching experience:

  • Columbia University, Graduate School of Business, New York, USA, 2000-2001
Title Authors Where Date
Trusting the Bankers: A New Look at the Credit Channel of Monetary Policy Matteo Ciccarelli, Angela Maddaloni, José-Luis Peydró Review of Economic Dynamics, Vol. 18 Issue 4 2015-10-15
The ECB’s Experience of Monetary Policy in a Financially Fragmented Euro Area Alain Durré, Angela Maddaloni and Francesco Paolo Mongelli Comparative Economic Studies, Volume 56, Issue 3 2014-09-01
Heterogeneous transmission mechanism: monetary policy and financial fragility in the eurozone Matteo Ciccarelli, Angela Maddaloni, José-Luis Peydró Economic Policy, Volume 28, Issue 75 2013-07-01
Monetary Policy, Macroprudential Policy, and Banking Stability: Evidence from the Euro Area Angela Maddaloni, José-Luis Peydró International Journal of Central Banking, Volume 9, Number 1 2013-03-01
Bank risk-taking, securitization, supervision and low interest rates: evidence from US and Euro area lending standards Angela Maddaloni, José-Luis Peydró Review of Financial Studies 2011 24: 2121-2165 2011-05-01
Low Interest Rates, Bank Risk and the Recent Crisis: Evidence from the Euro Area and the U.S. Lending Standards Angela Maddaloni and José-Luis Peydró Evanoff D. (ed.), Federal Reserve Bank of Chicago Conference on Bank Structure and Competition Proceedings, October 2010. --
Bank Credit Standards, Demand, Pro-cyclicality and the Business Cycle Angela Maddaloni, José-Luis Peydró Moneda y Crédito, 230, 2010 --
Euro Area Household Credit Growth: Demand or Supply Driven? Gabe De Bondt, Angela Maddaloni, José-Luis Peydro and Silvia Scopel Bank- en Financiewezen N°6, 2010 --
Bank Lending Standards and the Origins and Implications of the Current Banking Crisis Angela Maddaloni, José-Luis Peydró ECB Research Bulletin, No 9, March 2010 --
Do Demographic Changes Affect Risk Premiums? Evidence from International Data Andrew Ang, Angela Maddaloni Journal of Business 2005-01-06
Financial Systems in Europe, United States and Asia Franklin Allen, Michael Chui, Angela Maddaloni Oxford Review of Economic Policy 2004-11-04
The Euro-area Financial System: Structure, Integration, and Policy Initiatives Philipp Hartmann, Angela Maddaloni, Simone Manganelli Oxford Review of Economic Policy 2003-05-06
Financial structure and corporate governance in Europe, the US and Asia Franklin Allen, Michael Chui, Angela Maddaloni Handbook of European Financial Markets and Institutions, edited by X. Freixas, P. Hartmann and C. Mayer, Oxford University Press 2008-02-06
Ageing and pension system reforms: implications for financial markets and economic policies Report prepared at the request of the Deputies of the Group of Ten Financial Markets Trends, OECD 2005-11-11
How are euro area financial structures changing Christoffer Køc Sorensen, Angela Maddaloni Elements of the euro area: integrating financial markets, edited by J. Berg, M. Grande and F. P. Mongelli, Ashgate 2005-06-06
Title Authors Where Date
The credit channel of monetary policy in the Euro area Angela Maddaloni and José-Luis Peydró Routledge Handbook of the Economics of European Integration, edited by Harald Badinger and Volker Nitsch --