Michele Lenza

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
1966 An inflation-predicting measure of the output gap in the euro area Marek Jarociński, Michele Lenza
1733 Conditional forecasts and scenario analysis with vector autoregressions for large cross-sections Marta Bańbura, Domenico Giannone, Michele Lenza
1707 The financial and macroeconomic effects of OMT announcements Carlo Altavilla, Domenico Giannone, Michele Lenza
1496 The ECB and the interbank market Domenico Giannone, Michele Lenza, Lucrezia Reichlin
1494 Prior selection for vector autoregressions Domenico Giannone, Michele Lenza, Giorgio E. Primiceri
1290 Non-standard monetary policy measures and monetary developments Domenico Giannone, Michele Lenza, Huw Pill, Lucrezia Reichlin
1253 Monetary policy in exceptional times Michele Lenza, Huw Pill, Lucrezia Reichlin
1010 Business cycles in the euro area Domenico Giannone, Michele Lenza, Lucrezia Reichlin
873 The Feldstein-Horioka fact Domenico Giannone, Michele Lenza
865 Explaining the Great Moderation: it is not the shocks Domenico Giannone, Michele Lenza, Lucrezia Reichlin
837 Monetary policy and core inflation Michele Lenza
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
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, forthcoming --
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 2011-09-01
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 2010-04-01
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 2009-09-16
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 2008-07-16
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 2009-11-16
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 2009-01-16
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 2008-05-16