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Photo of Luca Guerrieri

Luca Guerrieri

Senior Associate Director Program Direction Section International Finance
202-452-2550
[email protected]

Education

  • Ph.D., Economics, Stanford University, 2001
  • M.Sc., Economics, London School of Economics, 1996
  • B.Sc., Economics, London School of Economics, 1995
Current Research Topics
  • Monetary policy and macroprudential regulation.
  • Solution and estimation of DSGE models.
  • Economist

    Board of Governors of the Federal Reserve System

    2001 - present
  • Visiting Economist

    Georgetown University

    2018
  • Visiting Economist in Residence

    American University

    2010
  • Visiting Assistant Professor

    Johns Hopkins University

    2007
  • 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
  • The information content of stress test announcements
    Luca Guerrieri and Michele Modugno
    Journal of Banking & Finance (2024)
    https://doi.org/10.1016/j.jbankfin.2024.107087
    See also » FRB Working Paper (2021)
  • Social Distancing And Supply Disruptions In A Pandemic
    Martin Bodenstein, Giancarlo Corsetti, and Luca Guerrieri
    Quantitative Economics (2022)
    https://doi.org/10.3982/QE1618
    See also » FRB Working Paper (2020)
  • What Drives Bank Performance?
    Luca Guerrieri and James Collin Harkrader
    Economics Letters (2021)
    https://doi.org/10.1016/j.econlet.2021.109884
    See also » FRB Working Paper (2021)
  • Economic and epidemiological effects of mandated and spontaneous social distancing
    Martin Bodenstein, Giancarlo Corsetti, and Luca Guerrieri
    Covid Economics (2021)
  • Optimal Dynamic Capital Requirements and Implementable Capital Buffer Rules
    Matthew Canzoneri, Behzad Diba, Luca Guerrieri, and Arsenii Mishin
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.056
  • Interpreting Shocks to the Relative Price of Investment with a Two‐Sector Model
    Luca Guerrieri, Dale Henderson, and Jinill Kim
    Journal of Applied Econometrics (2020)
    https://doi.org/10.1002/jae.2728
  • The Elusive Gains from Nationally-Oriented Monetary Policy
    Martin Bodenstein, Giancarlo Corsetti, and Luca Guerrieri
    International Finance Discussion Papers (2020)
    https://doi.org/10.17016/IFDP.2020.1271
  • Likelihood Evaluation of Models with Occasionally Binding Constraints
    Pablo Cuba-Borda, Luca Guerrieri, Matteo Iacoviello, and Molin Zhong
    Journal of Applied Econometrics (2019)
    https://doi.org/10.1002/jae.2729
    See also » FRB Working Paper (2019)
  • Macroeconomic Policy Games
    Martin Bodenstein, Luca Guerrieri, and Joe LaBriola
    Journal of Monetary Economics (2019)
    https://doi.org/10.1016/j.jmoneco.2018.07.015
    See also » FRB Working Paper (2014)
  • Macroeconomic Effects of Banking Sector Losses across Structural Models
    Luca Guerrieri, Matteo Iacoviello, Francisco Covas, John C. Driscoll, Mohammad Jahan-Parvar, Michael Kiley, Albert Queralto, and Jae Sim
    International Journal of Central Banking (2019)
    See also » FRB Working Paper (2015)
  • The Effects of Foreign Shocks When Interest Rates are at Zero
    Martin Bodenstein, Christopher J. Erceg, and Luca Guerrieri
    Canadian Journal of Economics (2017)
    https://doi.org/10.1111/caje.12274
    See also » FRB Working Paper (2009)
  • Collateral Constraints and Macroeconomic Asymmetries
    Luca Guerrieri and Matteo Iacoviello
    Journal of Monetary Economics (2017)
    https://doi.org/10.1016/j.jmoneco.2017.06.004
    See also » FRB Working Paper (2013)
  • Investment-Specific and Multi-Factor Productivity in Multi-Sector Open Economies: Data and Analysis
    Luca Guerrieri, Dale W. Henderson, and Jinill Kim
    Seoul Journal of Economics (2017)
    See also » FRB Working Paper (2005)
  • OccBin: A Toolkit for Solving Dynamic Models With Occasionally Binding Constraints Easily
    Luca Guerrieri and Matteo Iacoviello
    Journal of Monetary Economics (2015)
    https://doi.org/10.1016/j.jmoneco.2014.08.005
    See also » FRB Working Paper (2014)
  • Modeling Investment-Sector Efficiency Shocks: When Does Disaggregation Matter?
    Luca Guerrieri, Dale Henderson, and Jinill Kim
    International Economic Review (2014)
    https://doi.org/10.1111/iere.12075
  • Oil Shocks and the Zero Bound on Nominal Interest Rates
    Martin Bodenstein, Luca Guerrieri, and Christopher J. Gust
    Journal of International Money and Finance (2013)
    https://doi.org/10.1016/j.jimonfin.2012.08.002
    See also » FRB Working Paper (2010)
  • Monetary Policy Responses to Oil Price Fluctuations
    Martin Bodenstein, Luca Guerrieri, and Lutz Kilian
    IMF Economic Review (2012)
    https://doi.org/10.1057/imfer.2012.19
  • Banks, Sovereign Debt and the International Transmission of Business Cycles
    Luca Guerrieri, Matteo Iacoviello, and Raoul Minetti
    NBER International Seminar on Macroeconomics (2012)
    https://doi.org/10.1086/669586
    See also » FRB Working Paper (2012)
  • Did Easy Money in the Dollar Bloc Fuel the the Oil Price Run-Up?
    Christopher J. Erceg, Luca Guerrieri, and Steven B. Kamin
    International Journal of Central Banking (2011)
    See also » FRB Working Paper (2009)
  • Oil Shocks and External Adjustment
    Martin Bodenstein, Christopher J. Erceg, and Luca Guerrieri
    Journal of International Economics (2011)
    https://doi.org/10.1016/j.jinteco.2010.10.006
    See also » FRB Working Paper (2007)
  • International Competition and Inflation: A New Keynesian Perspective
    Luca Guerrieri, Christopher Gust, and David Lopez-Salido
    American Economic Journal: Macroeconomics (2010)
    https://doi.org/10.1257/mac.2.4.247
    See also » FRB Working Paper (2008)
  • The Effects of Foreign Shocks When Interest Rates are at Zero
    Martin Bodenstein, Christopher Erceg, and Luca Guerrieri
    International Finance Discussion Papers (2009)
    https://doi.org/10.17016/IFDP.2009.983
  • Optimal Monetary Policy with Distinct Core and Headline Inflation Rates
    Martin Bodenstein, Christopher J. Erceg, and Luca Guerrieri
    Journal of Monetary Economics (2008)
    https://doi.org/10.1016/j.jmoneco.2008.07.010
    See also » FRB Working Paper (2008)
  • On the Application of Automatic Differentiation to the Likelihood Function for Dynamic General Equilibrium Models
    Houtan Bastani and Luca Guerrieri
    Lecture Notes in Computational Science and Engineering (2008)
    See also » FRB Working Paper (2008)
  • Trade Adjustment and the Composition of Trade
    Christopher J. Erceg, Luca Guerrieri, and Christopher Gust
    Journal of Economic Dynamics & Control (2008)
    https://doi.org/10.1016/j.jedc.2007.09.015
    See also » FRB Working Paper (2006)
  • SIGMA: A New Open Economy Model for Policy Analysis
    Christopher J. Erceg, Luca Guerrieri, and Christopher Gust
    International Journal of Central Banking (2006)
    See also » FRB Working Paper (2005)
  • The Inflation Persistence of Staggered Contracts
    Luca Guerrieri
    Journal of Money, Credit and Banking (2006)
    See also » FRB Working Paper (2002)
  • Expansionary Fiscal Shocks and the US Trade Deficit
    Christopher J. Erceg, Luca Guerrieri, and Christopher Gust
    International Finance (2005)
    https://doi.org/10.1111/j.1468-2362.2005.00164.x
    See also » FRB Working Paper (2005)
  • Can Long-Run Restrictions Identify Technology Shocks?
    Christopher J. Erceg, Luca Guerrieri, and Christopher Gust
    Journal of the European Economic Association (2005)
    https://doi.org/10.1162/154247605775012860
    See also » FRB Working Paper (2004)
  • SIGMA: A New Open Economy Model for Policy Analysis
    Christopher J. Erceg, Luca Guerrieri, and Christopher Gust
    International Finance Discussion Papers (2005)
    https://doi.org/10.17016/IFDP.2005.835
  • Can Long-Run Restrictions Identify Technology Shocks?
    Christopher Erceg, Luca Guerrieri, and Christopher Gust
    International Finance Discussion Papers (2004)
    https://doi.org/10.17016/IFDP.2004.792
Conference Organization

  • 2021, 2022 | Federal Reserve Bank of Boston

    Federal Reserve Stress Testing Research Conference

    Lead organizer

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Last Update: September 23, 2024