VALERIA PATELLA

VALERIA PATELLA
Website: https://sites.google.com/a/uniroma1.it/valeriapatella-eng Fields of interest: Macroeconomics, Macro-Finance, Applied Econometrics
CURRENT POSITION: Assistant Professor. Department of Economics, Faculty of Economics. Sapienza University Rome
EDUCATION:
- Doctoral School of Economics. Sapienza University Rome. PhD in Economics. Thesis: Essays on Nonlinearities in Macroeconomics Supervisors: Prof. E. Faia, Prof. M. Tancioni
Committee: Prof. P. Benigno, Prof. M. Haliassos, Prof. P. Paesani
- Visiting PhD student. Supervisor: Prof. F. Bianchi. Cornell University
-M.Sc. in Economics, cum laude. Supervisor: Prof. M. Tancioni; B.A. in Economics, cum laude. Supervisor: Prof. F. R. Pizzuti. Sapienza University Rome
TEACHING:
Time Series Analysis (PhD, 2021-2025), Macroeconometrics (PhD, 2021-2025), Macroecoeconomics (PhD, 2020)
Economia e Politica Monetaria (BSc, 2025), Macroeconomics and Financial Markets (MSc, 2025), Economic Policy (MSc, 2024), Quantitative Macroeconomics and Policies (MSc, 2023), Advanced Macroeconomic Policy (MSc, 2023-2024), Health Econometrics (MSc, 2022).
WORK EXPERIENCE:
- Organisation for Economic Cooperation and Development. Research Advisor. Monetary and Fiscal Policies. Economics Department Sapienza University Rome
- Post-Doctoral Fellow. Faculty of Economics. Department of Economics
- G20 Italian Presidency. Policy Advisor - Monetary and Fiscal Policies. Ministry of Economics and Finance Treasury, Directorate of International Financial Relations
- European Central Bank. Consultant, PhD Intern. Fiscal Policies Division. DG Economics Goethe University Frankfurt
- Research Assistant to Prof. E. Faia. Chair of Monetary and Fiscal Policy
- Confindustria Intern, Consultant. Research Department.
- Ministry of Economics and Finance. Intern. Treasury, Directorate of Economic and Financial Analysis

SEMINARS AND CONFERENCES
Fall 2025 Midwest Macroeconomics Meeting. Cleveland, US
3rd NLMacro Workshop 2025- Non-Linearities in Macroeconomics. Lancaster, UK
EEA Congress 2025. Bordeaux, FR
Behavioral Macroeconomics Workshop 2025. Heidelberg, DE
Macroeconomic Analysis and International Finance (ICMAIF 2024). Crete, GR
RCEA in Economics, Econometrics, and Finance (ICEEF 2024). London, UK Experimetrics & Behavioral Economics Workshop. Soleto, IT
OECD workshop: Macroeconomic policy mix under Inflation. Paris, FR
WGEM on monetary and fiscal interaction (ECB internal 2022). Frankfurt, DE
The European Union: Past and future (EUPF 2022). Antwerp, BE
Macroeconomic Analysis and International Finance (ICMAIF 2021). Crete, GR Economic Modeling and Data Science (EcoMod 2021). Milan, IT
Economic Modeling and Data Science (EcoMod 2020). Milan, IT
Macroeconomic Analysis and International Finance (ICMAIF 2020). Crete, GR Society for Nonlinear Dynamics and Econometrics (SNDE 2020). Zagreb, HR
GSE Summer Forum, Expectations Workshop (2019). Barcelona, ES
European Meeting of the Econometric Society (ESEM 2018). Cologne, DE European Finance Association Annual Meeting (EFA 2018). Warsaw, PL
Meeting of the Portuguese Economic Journal (PEJ 2018). Lisbon, PT
Computing in Economics and Finance (CEF 2018). Milan, IT
Money, Macroecononomics and Finance (MMF 2018). Canterbury, UK
Theories and Methods in Macroeconomics (T2M 2018). Paris, FR
Money and Macro Brown Bag Seminar. Goethe University. Frankfurt am Main, DE Young Researchers’ Seminars. Sapienza University. Rome, IT
FORMATION ACTIVITIES
Machine Learning in Macroeconomics
Prof. J. Fernandez-Villaverde. University of Oxford
Regime switching in VAR and DSGE models: Theory and Applications Prof. D.Waggoner and J. Maih. BI Norwegian Business School
Tools for Macroeconomists: The Essentials and Advanced Tools
Prof. W. Den Hann. London School of Economics
Identification and global sensitivity analyses for Macroeconomic Models
Prof. M. Ratto. Joint Research Centre of the European Commission
SKILLS
Programming MatLab, Dynare, Eviews, Mathematica, MS Office, LATEX Languages Italian (native), English (fluent), French (basic)

PUBLICATIONS
• Monetary/fiscal policy dominance and conflicts: Evidence from Crises, with F. Giuli (Roma Tre University), and S. Ionta (Bocconi University). Economics Letters (forthcoming)
• Monetary/fiscal policy regimes in post-war Europe, with O. Bouabdallah (European Central Bank), and P. Jacquinot (European Central Bank). ECB Working Paper Series (2023), 2871
• Undesired monetary policy effects in a bubbly world, with G. Ciccarone (Sapienza University Rome), F. Giuli (Roma Tre University), E. Marchetti (Parthenope University Naples) and M. Tancioni (Sapienza University Rome). Macroeconomic Dynamics (2023)
Undesired monetary policy effects in a bubbly economy, Roma Tre Working Paper no. 270 (2022)
• Fiscal Stance and Sovereign Risk Pass-Through, with E. Beqiraj (Sapienza University Rome) and M. Tancioni (Sapienza University Rome). Economic Modelling (2021), 102
Regime-switches in the Rollover of Sovereign Risk, Sapienza Working Paper no. 191(2019)
• Ambiguity Attitudes and the Leverage Cycle, with M. Bassanin (Bank of England) and E. Faia (Goethe University Frankfurt, CEPR). Journal of International Economics (2021), 129 Ambiguity Attitudes, Leverage Cycle and Asset Prices. CEPR Discussion Paper no. 13875(2019)
• Confidence Swings and Sovereign Risk Dynamics, with M. Tancioni (Sapienza University Rome). Structural Change and Economic Dynamics (2021), 56: 195-206
JOURNAL REFEREE
European Journal of Political Economy, Macroeconomic Dynamics, Economic Modelling, Energy Economics
POLICY
• Challenges for monetary and fiscal policy interactions in the post- pandemic era, with by O. Bouabdallah (ECB), and J. Pascal (ECB). Contribution in ECB Occasional Paper Series No 337 (2023), https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op337~fe2b751b27.en.pdf
• The role of digital platforms in weathering the COVID-19 shock, with M. Pisu (OECD), H. Costa (OECD), H. Hwang (OECD) and S. Sopranzetti (MEF). OECD Policy Responses to Coronavirus (2021), OECD Publishing, Paris, https://doi.org/10.1787/2a3b8434-en
• Ambiguity matters: Investor ambiguity, leverage cycles and asset prices with M. Bassanin (Bank of England) and E. Faia (Geothe University Frankfurt). VOX article (2019). https://voxeu.org/article/investor-ambiguity-leverage-cycles-and-asset-p...
GRANTS
Research Grant, Sapienza University Rome. PI: Valeria Patella
Macroeconomic policies in response to inflation
Research Grant, Sapienza University Rome. PI: Valeria Patella Pricing Macroeconomic Uncertainty in constrained Debt Market
PRIN Research Grant. PI: Pierpaolo Benigno
Jumpstarting Europe. New Macroeconomic Policies after the Great Crises
Research Grant, Sapienza University Rome. PI: E. Beqiraj Rethinking the business cycle dynamics: A regime-switching perspective
Research Grant, Sapienza University Rome. PI: M. Tancioni 2019 Learning rules, heterogeneity and regime-switching policy interactions. Implications for fiscal policy effectiveness, labor share dynamics
and asset price volatility
PhD Scholarship. Sapienza University Rome
Best Master Student Award. Sapienza University Rome
Rome, IT
2013 - 2018 2014

REFERENCES
Prof. Ester Faia
Full Professor
Goethe University Frankfurt
Department of Money and Macroeconomics Frankfurt am Main, Germany faia@wiwi.uni-frankfurt.de
Prof. Massimiliano Tancioni
Full Professor
Sapienza University Rome Department of Economics
Rome, Italy massimiliano.tancioni@uniroma1.it
Prof. Cecilia Jona-Lasinio
Full Professor
Luiss Business School
Rome, IT cecilia.jonalasinio@luissbusinessschool.it
Pascal Jacquinot
Senior Economist
European Central Bank Fiscal Policies Division Frankfurt am Main, Germany pascal.jacquinot@ecb.int