Altavilla, Carlo

Monetary Policy

Division

Monetary Analysis

Current position

Head of Section

Fields of interest

Financial Economics,
Macroeconomics and Monetary Economics

Email

carlo.altavilla@ecb.europa.eu

Other current responsibilities
  • 2018-
    Head of Bank Lending Conditions Section – DG Monetary Policy, Monetary Analysis Division
Education
  • 2000-2004
    Catholic University of Leuven (Belgium) , Ph.D. in Economics
  • 2000
    University of Naples “Federico II” , Master in Economics and Finance (MEF)
Professional experience
  • 2018-
    Head of Bank Lending Conditions Section – DG Monetary Policy, Monetary Analysis Division (European Central Bank)
  • 2017-2018
    Adviser– DG Monetary Policy, Monetary Analysis Division (European Central Bank)
  • 2014-2016
    Principal Economist – DG Economics, Monetary Analysis Division (European Central Bank)
  • 2014
    Senior Economist – DG Economics, Monetary Analysis Division (European Central Bank)
  • 2013-2014
    Economist – DG Economics, Monetary Strategy Division (European Central Bank)
  • 2005-2013
    Associate Professor of Economic Policy (University of Naples)
  • 2012
    Visiting Professor, University College London (UCL)
  • 2011
    Visiting Professor, Université Libre de Bruxelles (ULB)
  • 2007
    Visiting Scholar, Columbia University (New York)
Teaching experience
  • 2015-2017
    Advanced Econometrics (Graduate) - Université libre de Bruxelles
  • 2005-2012
    Macroeconomics, Econometrics - University of Naples

ECB Working Paper Series

2019
2018
2017
2016
2015
2014
2009
2007

ECB Occasional Paper Series

Journal publications

2019
Altavilla C., Brugnolini L., Gürkaynak R.S., Motto R., Ragusa G.
Measuring euro area monetary policy
Journal of Monetary Economics, Forthcoming
Altavilla C., Canova F., and Ciccarelli M.
Mending the broken link: heterogeneous bank lending and monetary policy pass-through
Journal of Monetary Economics, Forthcoming
2018
Altavilla C., M. Boucinha, J-L Peydró
Monetary Policy and Bank Profitability in a Low Interest Rate Environment
Economic Policy, Volume 33, Issue 96, Pages 531–586
2017
Altavilla C., Giannone D., Modugno M.
Low Frequency Effects of Macroeconomic News on Government Bond Yields
Journal of Monetary Economics, Volume 92, Pages 31-46
Altavilla C., Pagano M., Simonelli S.
Banks Exposures and Sovereign Stress Transmission
Review of Finance, Vol. 21, Issue 6, 2103–2139, lead article
Altavilla C., Giacomini R., G. Ragusa
Anchoring the yield curve using survey expectations
Journal of Applied Econometrics, Volume 32, Issue 6 Pages 1055–1205
Altavilla C. and D. Giannone
The effectiveness of nonstandard monetary policy measures: evidence from survey data
Journal of Applied Econometrics, vol. 32 (5), pages 952–964
2016
Altavilla C., Giannone D., Lenza M.
The Financial and Macroeconomic Effects of the OMT Announcements
International Journal of Central Banking, vol. 12(3), pages 29-57
2014
Altavilla C., R. Giacomini, R. Costantini
Bond returns and market expectations
Journal of Financial Econometrics, vol. 12(4), pages 708-729
2010
Altavilla C. and Ciccarelli M.
Evaluating the Effect of Monetary Policy on Unemployment with Alternative Inflation Forecasts
Economic Modelling, pages 237-253
Altavilla C. and De Grauwe P.
Non-Linearities in the Relation between the Exchange Rate and its Fundamentals
International Journal of Finance and Economics, vol. 15(1), pages 1-21
2009
Altavilla C. and Ciccarelli M.
The Effects of Monetary Policy on Unemployment Dynamics under Model Uncertainty: Evidence from the US and the Euro Area
Journal of Money, Credit and Banking, vol. 41(7), pages 1265-1300
2006
Altavilla C., Luini L., Sbriglia P.
Social Learning in Market Games
Journal of Economic Behavior and Organization, vol. 61(4), pages 632-652
2004
Altavilla C.
Do EMU members Share the same Business Cycle?
Journal of Common Market Studies, vol. 42(5), pages 869-896