Fiorella De Fiore

---

Functions:

• Adviser, Financial Research Division
• Team Leader of the Thematic Team on Macro-Financial Linkages and Systemic Risk Policy
• DG-Research Diversity Ambassador

Fields of interest:

• Macroeconomics
• Monetary and financial economics
• Stochastic dynamic general equilibrium models

Education:

• PhD in Economics, 2000. European University Institute, Florence, Italy.
• Msc in Economics, 1995. London School of Economics, UK.
• BA in Economics and Social Sciences, 1993. Bocconi University, Italy.

Professional experience:

• Secretary of the ESCB Macro-prudential Research Network, 2012-2014
• Principal economist, Capital Markets Division, DG-Economics, ECB, 2012.
• Principal economist, Monetary Policy Division, DG Research, ECB, 1999-2011.
• Ente Einaudi, Resident Research Fellow, 1998
• International Monetary Fund, Economist Internship, 1997.
• EU Commission, Macroeconomic Analysis and Policy Division, Expert, 1993-94.
• EU Commission, DG Economic and Financial Affairs. Economist internship, 1992.

No.	Title	Authors
1956	The ECB's asset purchase programme: an early assessment	Philippe Andrade, Johannes Breckenfelder, Fiorella De Fiore, Peter Karadi, Oreste Tristani
1877	Credit subsidies	Isabel Correia, Fiorella De Fiore, Pedro Teles, Oreste Tristani
1759	Corporate Debt Structure and the Financial Crisis	Fiorella De Fiore, Harald Uhlig
1123	Monetary Policy and the Financing of Firms	Fiorella De Fiore, Pedro Teles, Oreste Tristani
1043	Optimal monetary policy in a model of the credit channel	Fiorella De Fiore, Oreste Tristani
889	Credit and the natural rate of interest.	Fiorella De Fiore, Oreste Tristani
547	Bank finance versus bond finance: what explains the differences between US and Europe?	Fiorella De Fiore, Harald Uhlig
173	Openness and equilibrium determinacy under interest rate rules	Fiorella De Fiore, Zheng Liu
135	The optimal mix of taxes on money, consumption and income	Fiorella De Fiore, Pedro Teles
38	The optimal inflation tax when taxes are costly to collect	Fiorella De Fiore
32	Can indeterminacy explain the short-run non-neutrality of money?	Fiorella De Fiore

No.	Title	Authors
151	Corporate finance and economic activity in the euro area	Task Force of the Monetary Policy Committee of the ESCB Diego Rodriguez-Palenzuela, Matthieu Darracq Pariès, Giacomo Carboni, Annalisa Ferrando, Petra Köhler-Ulbrich, Marie-Denise Zachary, Felix Geiger, Manuel Rupprecht, Taavi Raudsaar, Fergal McCann, Vasilis Georgakopoulos, Carmen Martinez-Carrascal, Juan Carluccio, Guillaume Horny, Paolo Finaldi Russo, Demetris Kapatais, Ladislav Wintr, Elaine Caruana Briffa, Paul Metzemakers, Koen van der Veer, Walter Waschiczek, Luísa Farinha, Uroš Herman, Alexander Karšay, Petri Mäki-Fränti, , Other contributors François Servant, Antonio De Socio, Fiorella De Fiore, Andreas Hertkorn, Michele Lenza, Branislav Karmazin, Giovanni Vitale

Title	Authors	Where	Date
Corporate Debt Structure and the Financial Crisis	De Fiore, F. and H. Uhlig	Journal of Money, Credit and Banking, forthcoming	--
Optimal Monetary Policy in a Model of the Credit Channel	De Fiore, F. and O. Tristani	Economic Journal, Vol. 123, Issue 571, pp. 906-931	2013-09-30
Monetary Policy and the Financing of Firms	De Fiore, F. , P. Teles and O. Tristani	American Economic Journal: Macroeconomics, 3, pp.1-31	2011-10-03
Bank Finance versus Bond Finance	De Fiore, F. and H. Uhlig	Journal of Money, Credit and Banking, 43 (7), pp. 1395-1418	2011-10-03
Credit and the Natural Rate of Interest	De Fiore, F., and O. Tristani	Journal of Money, Credit and Banking, 43(2-3), pp. 407-440.	2011-03-21
Does Trade Openness Matter for Aggregate Instability?	De Fiore, F. , and Z. Liu	Journal of Economic Dynamics and Control, 29, pp. 1165-1192.	2005-07-01
The Optimal Mix of Taxes on Money, Consumption, and Income	De Fiore, F., and P. Teles	Journal of Monetary Economics, 50 (4), pp 871-887.	2003-05-01
Growth and Employment Effects of Tax Reforms in Europe	De Fiore, F., and W. Roeger	Oxford Economic Papers, 51, pp. 200-222.	1999-01-01