Lenza, Michele

Other current responsibilities
  • 2017-
    Leader of the research coordination group on "Forecasting and Business Cycle Analysis"
  • 2014-
    Member of the Forecast Steering Committee, European Central Bank
Education
  • 2000-2007
    PhD in Economics and Statistics, Université Libre de Bruxelles, Belgium
  • 1999-2000
    MA in Economics and Statistics, Université Libre de Bruxelles, Belgium
  • 1993-1998
    BA in Economics, Bocconi University, Italy
Professional experience
  • 2017-
    Head of Section - Monetary Policy Research Division, Macroeconomics Section, Directorate General Research, European Central Bank
  • 2013-2016
    Principal Economist - Monetary Policy Research Division, Directorate General Research, European Central Bank
  • 2011-2013
    Senior Economist - Monetary Policy Research Division, Directorate General Research, European Central Bank
  • 2004-2010
    Economist - Econometric Modelling Division, Directorate General Research, European Central Bank
  • 2004
    Internship - EU countries Division, Directorate General Economics, European Central Bank
  • 2003
    Internship - Euro area Macroeconomic Developments Division, Directorate General Economics, European Central Bank
Teaching experience
  • 2017-
    Professor of Macroeconomics - Monetary Policy, Joint Master in Political Economy Georgetown University (USA)/Université Libre de Bruxelles (Belgium)
  • 2014-2016
    Professor of Graduate Econometrics 3 - Université Libre de Bruxelles, Belgium
  • 2011-2014
    Professor of Graduate Macroeconomics 3 - Université Libre de Bruxelles, Belgium
  • 2010-2011
    Invited lectures, Graduate Econometrics 3; Université Libre de Bruxelles, Belgium
  • 2009
    Macroeconomic tools and techniques: reduced form and structural models (with A. D'Agostino, D. Giannone and G. Primiceri), Dublin, Central Bank of Ireland
  • 2000-2004
    Teaching Assistant - Graduate Macroeconomics, Graduate Econometrics, Seminaire d'Econometrie, Université Libre de Bruxelles, Belgium

ECB Economic Bulletin Article

ECB Research bulletin

ECB Occasional Paper Series

ECB Working Paper Series

Journal publications

2018
Giannone, D., Lenza, M. and Primiceri, G.
Priors for the long run
Journal of the American Statistical Association, forthcoming
Jarocinski, M. and Lenza, M.
An inflation-predicting measure of the output gap in the euro area
Journal of Money, Credit and Banking, forthcoming
2017
Colangelo, A., Giannone, D., Lenza, M., Pill, H. and Reichlin, L.
The national segmentation of euro area bank balance sheets during the financial crisis
Empirical Economics, vol. 53(1), pp. 247-265
2016
Altavilla, C., Giannone, D. and Lenza, M.
The financial and macroeconomic effects of the OMT announcements
International Journal of Central Banking, vol. 12(3), pp. 29-57
2015
Banbura, M., Giannone, D. and Lenza, M.
Conditional forecasts and scenario analysis with vector autoregressions for large cross-sections
International Journal of Forecasting, vol. 31(3), pp. 739-756
Giannone, D., Lenza, M. and G. Primiceri
Prior selection for vector autoregressions
The Review of Economics and Statistics, vol. 97(2), pp. 436-451
2014
D'Agostino, A., Giannone, D., Lenza, M. and Modugno, M.
Nowcasting business cycles: a bayesian approach to dynamic heterogeneous factor models
Advances in Econometrics, Vol. 35, Dynamic factor models, pp. 569-594
Giannone, D., Lenza, M., Momferatou, D. and Onorante, L.
Short-term inflation projections: a bayesian vector-autoregressive approach
International Journal of Forecasting, vol. 30, pp. 635-644
2012
Giannone, D., Lenza, M., Pill, H. and Reichlin, L.
The ECB and the interbank market
The Economic Journal, vol. 122, pp. F467-F486,
2011
Lenza, M. and Warmedinger, T.
A factor model for euro area short-term inflation analysis
Journal of Economics and Statistics, vol. 231; pp. 50-62
Giannone, D., Lenza, M. and Reichlin, L.
Market Freedom and the Great Recession
IMF Economic Review, vol. 59; pp. 111-135
2010
Lenza, M., Pill, H. and Reichlin, L.
Monetary Policy in exceptional times
Economic Policy, vol. 62; pp. 295-339
2009
Fischer, B., Lenza, M., Pill, H. and Reichlin, L.
Monetary analysis and monetary policy in the euro area 1999-2006
Journal of International Money and Finance, vol. 28(7), pp. 1138-1164
2008
D. Giannone; M. Lenza and L. Reichlin
Explaining the Great Moderation: it's not the shocks!
Journal of European Economic Association, vol. 6(2-3), pp. 621-633

Other publications

2012
Giannone, D., Lenza, M., Pill, H. and Reichlin, L.
Non-standard monetary policy measures and monetary developments
Interest rates, prices and liquidity, Chadha, J.S., and Holly, S. eds - Cambridge University Press
2010
Giannone, D. and Lenza, M.
The Feldstein-Horioka Fact
NBER International Seminars On Macroeconomics 2009, Reichlin, L. and West, K. eds; pp. 103-117
D. Giannone; M. Lenza and L. Reichlin
Business cycles in the euro area
Europe and the EMU, Alesina, A. and Giavazzi, F. eds, pp. 141-167
2009
Giannone, D., Lenza, M. and Reichlin, L.
The ECB and the bond market. A discussion
The euro. The first decade, Buti, M, Deroose, S. and Gaspar, V. eds., pp. 305-314