Photo of Danilo Cascaldi-Garcia

Danilo Cascaldi-Garcia

Education

  • Ph.D., Economic Modelling and Forecasting, University of Warwick, Warwick Business School, 2018
  • M.Sc., Applied Economics, University of Sao Paulo, 2009
  • B.Sc., Economics, University of Sao Paulo, 2006
Current Research Topics
  • Technological news shocks and uncertainty
  • Nowcasting and forecasting
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2023 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2021 - 2023
  • Economist

    Board of Governors of the Federal Reserve System

    2018 - 2021
  • Senior Teaching Assistant

    University of Warwick, UK

    2016 - 2018
  • Economist

    National Confederation of Industry (CNI), Brazil

    2009 - 2014
  • Banking Adviser

    Caixa Economica Federal, Brazil

    2004 - 2008
  • Teaching Assistant

    University of Sao Paulo, Brazil

    2008
  • Lecturer

    Faculdades Bandeirantes, Brazil

    2008
  • Global Implications of Brighter U.S. Productivity Prospects
    Danilo Cascaldi-Garcia and Hyunseung Oh
    FEDS Notes (2024)
    https://doi.org/10.17016/2380-7172.3559
  • Lessons from the Co-movement of Inflation around the World
    Danilo Cascaldi-Garcia, Luca Guerrieri, Matteo Iacoviello, and Michele Modugno
    FEDS Notes (2024)
    https://doi.org/10.17016/2380-7172.3543
  • Back to the present: Learning about the euro area through a now-casting model
    Danilo Cascaldi-Garcia, Thiago R.T. Ferreira, Domenico Giannone, and Michele Modugno
    International Journal of Forecasting (2024)
    https://doi.org/10.1016/j.ijforecast.2023.04.005
    See also » FRB Working Paper (2021)
  • Lessons from Nowcasting GDP across the World
    Danilo Cascaldi-Garcia, Matteo Luciani, and Michele Modugno
    International Finance Discussion Papers (2023)
    https://doi.org/10.17016/IFDP.2023.1385
  • What Is Certain about Uncertainty?
    Danilo Cascaldi-Garcia, Cisil Sarisoy, Juan M. Londono, Bo Sun, Deepa Datta, Thiago Ferreira, Olesya Grishchenko, Mohammad R. Jahan-Parvar, Francesca Loria, Sai Ma, Marius Rodriguez, Ilknur Zer, and John Rogers
    Journal of Economic Literature (2023)
    https://doi.org/10.1257/jel.20211645
    See also » FRB Working Paper (2020)
  • Drivers of Post-pandemic Inflation in Selected Advanced Economies and Implications for the Outlook
    Danilo Cascaldi-Garcia, Musa Orak, and Zina Saijid
    FEDS Notes (2023)
    https://doi.org/10.17016/2380-7172.3232
  • The SNB-FRB-BIS High-Level Conference on Inflation Risk and Uncertainty
    Danilo Cascaldi-Garcia, Juan M. Londono, and Beth Anne Wilson
    FEDS Notes (2023)
    https://doi.org/10.17016/2380-7172.3242
  • What Happens in China Does Not Stay in China
    William L. Barcelona, Danilo Cascaldi-Garcia, Jasper J. Hoek, and Eva Van Leemput
    International Finance Discussion Papers (2022)
    https://doi.org/10.17016/IFDP.2022.1360
  • Pandemic Priors
    Danilo Cascaldi-Garcia
    International Finance Discussion Papers (2022)
    https://doi.org/10.17016/IFDP.2022.1352
  • Forecast Revisions as Instruments for News Shocks
    Danilo Cascaldi-Garcia
    International Finance Discussion Papers (2022)
    https://doi.org/10.17016/IFDP.2022.1341
  • Is Trend Inflation at Risk of Becoming Unanchored? The Role of Inflation Expectations
    Danilo Cascaldi-Garcia, Francesca Loria, and David López-Salido
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3043
  • Patent-Based News Shocks
    Danilo Cascaldi-Garcia and Marija Vukotić
    Review of Economics and Statistics (2022)
    https://doi.org/10.1162/rest_a_00943
    See also » FRB Working Paper (2020)
  • International Measures of Common Inflation
    Eli Nir, Flora Haberkorn, and Danilo Cascaldi-Garcia
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.3012
  • News and Uncertainty Shocks
    Danilo Cascaldi-Garcia and Ana Beatriz Galvao
    Journal of Money, Credit and Banking (2021)
    https://doi.org/10.1111/jmcb.12727
    See also » FRB Working Paper (2018)
  • Back to the Present: Learning about the Euro Area through a Now-casting Model
    Danilo Cascaldi-Garcia, Thiago RT Ferreira, Domenico Giannone, and Michele Modugno
    International Finance Discussion Papers (2021)
    https://doi.org/10.17016/IFDP.2021.1313
  • News Shocks and the Slope of the Term Structure of Interest Rates: Comment
    Danilo Cascaldi-Garcia
    American Economic Review (2017)
    https://doi.org/10.1257/aer.20160547
  • conference

    2024

    International Association for Applied Econometrics Conference (IAAE), Thessaloniki (Greece)

  • conference

    2024

    Society for Nonlinear Dynamics and Econometrics Symposium (SNDE), Padova (Italy)

  • seminar

    2024

    International Monetary Fund, Virtual

  • conference

    2024

    ASSA / Society for Nonlinear Dynamics and Econometrics (SNDE) session, San Antonio (U.S.)

  • conference

    2023

    Spanish Economic Association (SAEe) Symposium, Salamanca (Spain)

  • seminar

    2023

    CEMFI, Madrid (Spain)

  • seminar

    2023

    University Carlos III, Getafe (Spain)

  • seminar

    2023

    University of Valencia, Valencia (Spain)

  • conference

    2023

    Real-Time Data Analysis, Methods, and Applications, Madrid (Spain)

  • conference

    2023

    University of Alicante ECO Junior Workshop (keynote speaker), Alicante (Spain)

  • conference

    2023

    System Committee on Econometrics, Virtual

  • seminar

    2023

    Bank of Spain, Madrid (Spain)

  • conference

    2023

    International Association for Applied Econometrics Conference (IAAE), Oslo (Norway)

  • seminar

    2023

    Insightful Minds in International Macro, Virtual

  • conference

    2023

    SEACEN Forecasting for Monetary and Financial Stability Policies, Virtual

  • conference

    2023

    International Finance Collab Week of the Federal Reserve Board, Washington (U.S.)

  • conference

    2022

    SUERF workshop in cooperation with ECB, Bank of Finland, Banca d'Italia and OeNB, Virtual

  • conference

    2022

    Midwest Macro Conference, Dallas (U.S.)

  • conference

    2022

    International Association for Applied Econometrics Conference (IAAE), London (UK)

  • conference

    2022

    Computing in Economics and Finance (CEF), Dallas (U.S.)

  • conference

    2022

    BSE Summer Forum, Barcelona (Spain)

  • conference

    2022

    Midwest Macro Conference, Logan (U.S.)

  • conference

    2022

    Spillover Conference (Joint BIS/BoE/ECB/IMF), Virtual

  • conference

    2022

    Theories and Methods in Macroeconomics Conference (T2M), London (UK)

  • conference

    2022

    Society for Nonlinear Dynamics and Econometrics Symposium (SNDE), Virtual

  • seminar

    2022

    Texas A&M, College Station (U.S.)

  • conference

    2021

    Brazilian Econometric Society Meeting, Virtual

  • conference

    2021

    Bolivian Conference on Development Economics, Virtual

  • conference

    2021

    NBER-NSF Time Series Conference, Virtual

  • conference

    2021

    Forecasting the Macroeconomy - Bank of England, Virtual

  • conference

    2021

    Central Bank Macroeconomic Modeling Workshop - Banco Central de Chile, Virtual

  • conference

    2021

    System Committee on Econometrics, Virtual

  • conference

    2021

    Joint Statistical Meeting (JSM), Virtual

  • conference

    2021

    International Conference on Macroeconomic Analysis and International Finance (ICMAIF), Virtual

  • conference

    2021

    International Conference on Economic Modeling and Data Science (EcoMod), Virtual

  • conference

    2021

    Society for Economic Dynamics, Minneapolis (U.S.)

  • conference

    2021

    International Association for Applied Econometrics Conference (IAAE), Virtual

  • conference

    2021

    Computing in Economics and Finance (CEF), Virtual

  • conference

    2021

    Warsaw Money-Macro-Finance Conference, Virtual

  • conference

    2021

    Federal Forecasters Conference, Virtual

  • conference

    2021

    Royal Economic Society Conference (RES), Virtual

  • seminar

    2021

    Monash University, Virtual

  • conference

    2020

    Computational and Financial Econometrics Conference (CFE), Virtual

  • seminar

    2020

    University of Sao Paulo, Ribeirao Preto, Virtual

  • conference

    2020

    International Symposium on Forecasting, Virtual

  • conference

    2020

    Real-Time Data Analysis, Methods, and Applications, Virtual

  • seminar

    2020

    Federal University of Viçosa, Virtual

  • conference

    2020

    Society for Nonlinear Dynamics and Econometrics Symposium (SNDE), Virtual

  • conference

    2020

    Economic Forecasting in Times of Covid-19, Virtual

  • conference

    2019

    Advances in Applied Macro-Finance Conference, Melbourne (Australia)

  • seminar

    2019

    Board of Governors of the Federal Reserve System

  • conference

    2019

    Southern Economic Association Conference, Fort Lauderdale (U.S.)

  • seminar

    2019

    Fed St. Louis Applied Time Series Econometrics Workshop, St. Louis (U.S.)

  • conference

    2019

    Stanford Institute for Theoretical Economics (SITE), San Francisco (U.S.)

  • conference

    2019

    Western Economic Association International Conference (WEAI), San Francisco (U.S.)

  • conference

    2019

    International Association for Applied Econometrics Conference (IAAE), Nicosia (Cyprus)

  • seminar

    2019

    Federal Reserve Research Scrum, San Francisco (U.S.)

  • conference

    2019

    Society for Nonlinear Dynamics and Econometrics Symposium (SNDE), Dallas (U.S.)

  • conference

    2019

    Theories and Methods in Macroeconomics Conference (T2M), Nuremberg (Germany)

  • seminar

    2018

    Board of Governors of the Federal Reserve System

  • seminar

    2018

    Federal University of Pernambuco (UFPE), Recife (Brazil)

  • conference

    2018

    International Association for Applied Econometrics Conference (IAAE), Montreal (Canada)

  • conference

    2018

    Inflation Targeting Conference (Brazilian Central Bank), Rio de Janeiro (Brazil)

  • conference

    2018

    Uncertainty and Economic Activity: Measurement, Facts and Fiction Conference, Beijing (China)

  • conference

    2018

    Royal Economic Society Conference (RES), Brighton (UK)

  • conference

    2018

    Society for Nonlinear Dynamics and Econometrics Symposium (SNDE), Tokyo (Japan)

  • conference

    2017

    Computational and Financial Econometrics Conference (CFE), London (UK)

  • seminar

    2017

    University of Warwick, Macroeconomics workshop, Coventry (UK)

  • conference

    2017

    LuBraMacro, Porto de Galinhas (Brazil)

  • conference

    2017

    European Economic Association Conference (EEA), Lisbon (Portugal)

  • conference

    2017

    International Association for Applied Econometrics Conference (IAAE), Sapporo (Japan)

  • conference

    2017

    Royal Economic Society Conference (RES), Bristol (UK)

  • conference

    2017

    Society for Nonlinear Dynamics and Econometrics Symposium (SNDE), Paris (France)

  • conference

    2017

    New Techniques and Technologies for Statistics (NTTS), European Commission, Brussels (Belgium)

  • conference

    2016

    Brazilian Econometrics Society Conference (SBE), Foz do Iguacu (Brazil)

  • seminar

    2016

    University of Valencia, Valencia (Spain)

  • seminar

    2016

    University of Sao Paulo, Ribeirao Preto (Brazil)

  • conference

    2016

    International Association for Applied Econometrics Conference (IAAE), Milan (Italy)

  • conference

    2015

    Computational and Financial Econometrics Conference (CFE), London (UK)

  • seminar

    2015

    University of Warwick, Macroeconomics workshop, Coventry (UK)

  • seminar

    2015

    Warwick Business School, Economic Modelling and Forecasting brown bag seminar, Coventry (UK)

  • conference

    2008

    Brazilian Association of Graduate Programs in Economics National Meeting (ANPEC), Salvador (Brazil)

Awards
  • 2018

    Society of Nonlinear Dynamics and Econometrics

    Gerald P. Dwyer prize

  • 2017

    University of Warwick, Warwick Business School

    Outstanding Contribution to Research

  • 2017

    Big Data for Official Statistic Competition (Eurostat)

    Best forecasts of inflation for the UK, Euro Area, France, and Italy

  • 2016

    International Association for Applied Econometrics

    Young Investigator Training Program (YITP) Research Prize

  • 2008

    National Condfferation of Industry (CNI), Brazil

    CNI Economics Award

Conference Organization
  • 2024 | Madrid, Spain

    Conference on Diversity and Inclusion in Economics, Finance, and Central Banking

    Scientific committee member

  • 2023 | Zurich, Switzerland

    SNB-FRB-BIS High-Level Conference on Global Risk, Uncertainty, and Volatility

    Scientific committee member

  • 2022 | Ottawa, Canada

    Conference on Diversity and Inclusion in Economics, Finance, and Central Banking

    Scientific committee member

  • 2022 | Zurich, Switzerland

    SNB-FRB-BIS High-Level Conference on Global Risk, Uncertainty, and Volatility

    Scientific committee member

  • 2021 | Virtual

    Brazilian Econometric Society

    Scientific committee member

  • 2019 | Board of Governors of the Federal Reserve System

    Developments in Empirical Macroeconomics (Board/NY Fed)

    Organizing committee member

  • 2019 | University of Warwick, UK

    RES Symposium of Junior Researchers

    Scientific committee member

Referee
  • American Economic Review
  • Economic Journal
  • Journal of Business & Economics Statistics
  • Journal of Monetary Economics
  • Journal of Money, Credit and Banking
  • Quantitative Economics
  • Canadian Journal of Economics
  • Economica
  • Economics Letters
  • European Economic Review
  • International Journal of Forecasting
  • Journal of Applied Econometrics
  • Journal of Banking and Finance
  • Journal of Economic Dynamics & Control
  • Journal of Empirical Finance
  • Journal of Financial Econometrics
  • Oxford Bulletin of Economics & Statistics
  • Review of Economic Dynamics
  • Applied Economics
  • B.E. Journal of Macroeconomics
  • Bulletin of Economic Research
  • Economic Modelling
  • Emerging Markets Finance and Trade
  • Journal of Forecasting
  • Macroeconomic Dynamics
  • North American Journal of Economics and Finance
  • Review of International Economics
  • Economic Notes
  • Journal of Applied Economics
  • Journal of Economic Policy Reform
  • Portuguese Economic Journal
  • Brazilian Review of Finance
  • Econometrics and Statistics
  • Economía (LACEA)
  • Economics Bulletin
  • Pakistan Journal of Statistics
Professional Affiliation
  • Executive committee member of the Society for Nonlinear Dynamics and Econometrics (2024-2027)
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Last Update: August 2, 2024