Lenza, Michele

Michele Lenza

Research

 michele.lenza@ecb.europa.eu

Functions:

  • Head of Section

Fields of interest:

  • Monetary economics
  • Macroeconometrics
  • Open macroeconomics

Education:

  • PhD in Economics and Statistics, Université Libre de Bruxelles, 2007
  • Master in Economics and Statistics, Université Libre de Bruxelles, 2000
  • B.A. in Economics, Bocconi University, 1998

Professional experience:

  • Head of Section, European Central Bank, DGR/Monetary Policy Research Division, Macroeconomics Section 2017-present
  • Professor of Graduate Econometrics 3, Université Libre de Bruxelles, 2014-2016
  • Professor of Graduate Macroeconomics 3, Université Libre de Bruxelles, 2011-2014
  • Principal Economist, European Central Bank, DGR/Monetary Policy Research Division, 2013-2016
  • Senior Economist, European Central Bank, DGR/Monetary Policy Research Division, 2011-2013
  • Economist, European Central Bank, DGR/Econometric Modelling Division, 2004-2010
  • Internship, EU countries division, ECB, summer 2004
  • Internship, EAM division, ECB, fall 2003
  • Teaching Assistant (Graduate Macroeconomics, Graduate Econometrics, Seminaire d'Econometrie), Université Libre de Bruxelles 2000-2004

Teaching experience:

  • Graduate Econometrics 3, Université Libre de Bruxelles, 2014-2016
  • Graduate Macroeconomics 3, Université Libre de Bruxelles, 2011-2014
  • Invited lectures, Graduate Econometrics 3; Université Libre de Bruxelles
  • Macroeconomic tools and techniques: reduced form and structural models; Central Bank of Ireland - Dublin (with A. D'Agostino, D. Giannone and G. Primiceri); 2009
  • Graduate Macroeconomics 1; Universite' Libre de Bruxelles (TA, Prof. P. Weil); 2000-2003
  • Graduate Econometrics 2; Universite' Libre de Bruxelles (TA, Prof. L. Reichlin); 2000-2004
  • Seminaires d'Econometrie; Universite' Libre de Bruxelles (TA, Prof. L. Reichlin); 2000-2004
No. Title Authors
1966An inflation-predicting measure of the output gap in the euro areaLenza, Michele, Jarociński, Marek
1733Conditional forecasts and scenario analysis with vector autoregressions for large cross-sectionsGiannone, Domenico, Bańbura, Marta, Lenza, Michele
1707The financial and macroeconomic effects of OMT announcementsGiannone, Domenico, Altavilla, Carlo, Lenza, Michele
1496The ECB and the interbank marketGiannone, Domenico, Reichlin, Lucrezia, Lenza, Michele
1494Prior selection for vector autoregressionsGiannone, Domenico, Lenza, Michele, Primiceri, Giorgio E.
1290Non-standard monetary policy measures and monetary developmentsGiannone, Domenico, Lenza, Michele, Pill, Huw, Reichlin, Lucrezia
1253Monetary policy in exceptional timesLenza, Michele, Pill, Huw, Reichlin, Lucrezia
1010Business cycles in the euro areaGiannone, Domenico, Reichlin, Lucrezia, Lenza, Michele
873The Feldstein-Horioka factGiannone, Domenico, Lenza, Michele
865Explaining the Great Moderation: it is not the shocksGiannone, Domenico, Lenza, Michele, Reichlin, Lucrezia
837Monetary policy and core inflationLenza, Michele
No. Title Authors
151Corporate finance and economic activity in the euro areaDe Fiore, Fiorella, Farinha, Luísa, Rodriguez-Palenzuela, Diego, Ferrando, Annalisa, Task Force of the Monetary Policy Committee of the ESCB, Wintr, Ladislav, Vitale, Giovanni, Darracq Pariès, Matthieu, Lenza, Michele, Martinez-Carrascal, Carmen, Carboni, Giacomo, Köhler-Ulbrich, Petra, Waschiczek, Walter, Zachary, Marie-Denise, Georgakopoulos, Vasilis, Kapatais, Demetris, Geiger, Felix, Rupprecht, Manuel, Raudsaar, Taavi, McCann, Fergal, Carluccio, Juan, Horny, Guillaume, Finaldi Russo, Paolo, Caruana Briffa, Elaine, Metzemakers, Paul, van der Veer, Koen, Herman, Uroš, Karšay, Alexander, Mäki-Fränti, Petri, Servant, François, De Socio, Antonio, Hertkorn, Andreas, Karmazin, Branislav, Other contributors
Title Authors Where
The national segmentation of euro area bank balance sheets during the financial crisis A. Colangelo; D. Giannone; M. Lenza; H. Pill and L. Reichlin Empirical Economics, vol. 53(1), pp. 247-265, 2017
The financial and macroeconomic effects of the OMT announcements C. Altavilla; D. Giannone and M. Lenza International Journal of Central Banking, vol. 12(3), pp. 29-57, 2016
Conditional forecasts and scenario analysis with vector autoregressions for large cross-sections M. Banbura, D. Giannone and M. Lenza International Journal of Forecasting, vol. 31(3), pp. 739-756, 2015
Prior selection for vector autoregressions D. Giannone, M. Lenza and G. Primiceri Review of Economics and Statistics, vol. 97(2), pp. 436-451, 2015
Short-term inflation projections: a bayesian vector-autoregressive approach D. Giannone; M. Lenza;, D. Momferatou and L. Onorante International Journal of Forecasting, vol. 30, pp. 635-644, 2014
Nowcasting business cycles: a bayesian approach to dynamic heterogeneous factor models A. D'Agostino; D. Giannone; M. Lenza and M. Modugno Advances in Econometrics, Vol. 35, Dynamic factor models, pp. 569-594, 2014
The ECB and the interbank market D. Giannone, M. Lenza, H. Pill and L. Reichlin The Economic Journal, vol. 122, F467-F486, 2012
Non-standard monetary policy measures and monetary developments D. Giannone, M. Lenza, H. Pill and L. Reichlin Interest rates, prices and liquidity - J.S. Chadha and S. Holly - Cambridge University Press
Market Freedom and the Great Recession D. Giannone, M. Lenza and L. Reichlin IMF Economic Review, Vol. 59; pages 111-135; 2011
A factor model for euro area short-term inflation analysis M. Lenza and T. Warmedinger Journal of Economics and Statistics, vol. 231; pages 50-62; 2011
Monetary Policy in exceptional times M. Lenza; H. Pill and L. Reichlin Economic Policy, vol. 62; pages 295-339; 2010
The Feldstein-Horioka Fact D. Giannone and M. Lenza NBER International Seminars On Macroeconomics 2009 - L. Reichlin and K. West eds; pages 103-117; 2010
The ECB and the bond market. A discussion D. Giannone; M. Lenza and L. Reichlin The euro. The first decade - M. Buti, S. Deroose and V. Gaspar, eds., pp. 305-314; 2010
Monetary analysis and monetary policy in the euro area 1999-2006 B. Fischer; M. Lenza; H. Pill and L. Reichlin Journal of International Money and Finance, vol. 28(7), pages 1138-1164; 2009
Business cycles in the euro area D. Giannone; M. Lenza and L. Reichlin Europe and the EMU - A. Alesina and F. Giavazzi eds; pages. 141-167; 2009
Explaining the Great Moderation: it's not the shocks! D. Giannone; M. Lenza and L. Reichlin Journal of European Economic Association, vol. 6(2-3), pages 621-633; 2008