June
2009
Matteo Iacoviello
Associate
Professor of Economics
Department
of Economics
Chestnut
Hill MA 02467
Phone:
+1–617–552–3689
Fax:
+1–617–552–2308
http://fmwww.bc.edu/ec/iacoviello.php
DATE AND PLACE OF BIRTH:
CITIZENSHIP:
Italian (
Married
to Claudia Oglialoro, two children: Giulio (born 2003), Filippo (born 2008).
Present and
Past Full-Time Positions
2008 – Boston College, Department of Economics, Associate
Professor (with tenure)
Dec 2008 – Nov 2009 Visiting
Scholar, Research Department, Federal Reserve
Bank of Boston
2002 – 2008 Boston College, Department of Economics,
Assistant Professor
Fields of
Specialization
Macroeconomics, Monetary Economics, Housing Economics
Education
1997 –
2002 London School of Economics, UK
Ph.D. in
Economics (2002). Thesis Title:
Monetary Policy, Asset Prices and the Business Cycle: A Theoretical and
Empirical Analysis (Advisor: Nobu Kiyotaki)
M.Sc. in Economics (1998)
1996 – 2001 Universita’ degli Studi di Bologna, Italy
Dottorato
(Ph.D.) in Economic Theory and Institutions (2001)
1991 –
1996 University of Rome Tor Vergata
Laurea
(B.Sc.) in Economics, summa cum laude (1996)
Other Positions
Nov 2008 Visiting
Professor, University of Amsterdam
Feb – Apr 2008 Consultant,
Research Department, IMF
Jun 2007 Visiting Professor, Universita’ degli Studi di Milano
Mar – Oct 2007 Consultant,
Research Department, Bank of Canada
Mar – Aug 2006 Consultant,
Directorate General Research, European Central Bank
Nov – Dec 2005 Visiting
Scholar, Department of Economics, Boston
University
Oct 2005 Research
Visitor, Directorate General Research, European
Central Bank
Mar 2005 Visiting Professor, Universita’ degli Studi di Milano
Jan 2004 Visiting
Professor, Chinese
University of Hong Kong
1998 – 2002 London School of Economics
2001 – 2002: Teaching and Tutorial Fellow
1998 – 2000: Teaching Assistant
2001 – 2002 Construction Products Association,
Consultant
2000 – 2002 Centre for Economic Performance, Research Assistant
Jul – Sep 2000 International Monetary Fund: Summer Intern,
European I Department
Aug – Oct 1999 European Central Bank, Graduate Intern,
Directorate General Research.
Jul – Sep 1998 World Markets Research Centre, Economist
Work in Progress
“The
Welfare Effects of Financial Liberalization”
“House
Prices and the Transmission Mechanism in the Euro Area: Theory and Evidence
from a Monetary Union Model”, with Frank Smets
“An
Estimated DSGE Model with Overlapping Generations”
Working Papers
“Housing and
Debt over the Life Cycle and over the Business Cycle”, with Marina Pavan
(2009).
“Input and Output
Inventories in General Equilibrium”, with Fabio Schiantarelli and Scott Schuh
(2007), BC Working Paper 658, revise and resubmit, International Economic Review.
“Foreign Lenders
in Emerging Economies”, with Raoul Minetti, (2008).
Publications
“Housing Market Spillovers: Evidence from an Estimated
DSGE Model”,
with
“Household Debt and Income Inequality, 1963-2003” (2008), Journal
of Money, Credit and Banking, August, 40, 5, pp.
931-67.
“The Credit Channel of Monetary Policy: Evidence from
the Housing Market”,
(2008), with Raoul Minetti, Journal of
Macroeconomics, 30, pp. 69-96.
“An Equilibrium Model of Lumpy
Housing Investment”, (2007), with Marina Pavan, Rivista di Politica Economica, March-April, pp. 1-30.
“International Business Cycles with Domestic and
Foreign Lenders”,
(2006), with Raoul Minetti, Journal of
Monetary Economics, 53, 8, pp. 2267-2282.
“House prices, Borrowing Constraints and Monetary
Policy in the Business Cycle” (2005), American Economic Review, 95, 3 (June), pp. 739–764.
“Consumption,
House Prices and Collateral Constraints: A Structural Econometric Analysis” (2004), Journal
of Housing Economics, 13, 4, pp. 305–321.
“Hedging Housing Risk
in London”
(2003), with François Ortalo–Magné, the Journal of Real Estate Finance and
Economics, 27, 2, pp.191–209.
“Financial
Liberalisation and the Sensitivity of House Prices to Monetary Policy: Theory
and Evidence” (2003), with Raoul Minetti, The
Other
Research
“The
Fed and the Housing Boom”, January 2006
“House Prices and Business Cycles in
Europe: a VAR Analysis” (2002), BC Working Paper 540
“Short–term
Forecasting: Projecting Italian GDP 1 Quarter to 2 Years Ahead”, IMF
Working Paper 109 / 2001
“Inequality
Dynamics: Evidence from Some European Countries”, LIS Working Paper
191 / 1998
Conferences, Discussions and Seminar Presentations
2010 – Riksbank,
2009 – University
of Maryland (2/4) – Boston Fed (5/7) – LSE Housing Conference (5/18) – CEPR
European Summer Symposium in Economic Theory, Gerzensee, Switzerland (7/3) –
NBER Summer Institute, Aggregate Implications of Microeconomic Consumption
Behavior (7/16) –EEA Summer Meetings, Barcelona, Spain (8/24) – Central Bank of
Netherlands (Keynote Speaker, 10/15) – Banque de France Conference on Housing
Markets, Paris (12/3)
2008 – ASSA
Meetings, New Orleans (1/5, # and 1/5) – Econometric Society Winter Meetings,
New Orleans (1/7) – Federal Reserve Bank of San Francisco Conference on
“Monetary Policy and Asset Markets” (2/22) – LUISS University, Rome (3/6) – IMF
(3/21, 3/28) – Federal Reserve Bank of Atlanta (5/30) – Federal Reserve Bank of
Boston (6/4) – Bank of Italy Conference on DSGE Models (6/23 #) – SED,
Cambridge MA (7/10) – ECB, Frankfurt (8/20) – Georgetown University (9/19) –
BC/BU Green Line Macro Workshop (9/19, #) – Richmond Fed (9/22) – National Bank
of Belgium Conference, Brussels (10/16) – University of Amsterdam (11/7) – CEPR
Conference “Business Cycle Developments, Financial Fragility, Housing, and
Commodity Prices,” Barcelona (11/23) – Federal Reserve Board (12/1) – ECB
Conference on “Financial Markets and Macroeconomic Stability” (12/15)
2007 – University of Milan (6/6) – IREBS Conference
on “Real Estate Economics and Finance”, Regensburg (6/22) – SED, Prague (6/30)
– IMF (7/31) – BC/BU Green Line Macro Workshop (9/21 and 12/14, #) – Federal
Reserve Bank of Cleveland Conference on “Estimation of DSGE Models” (10/12) –
Federal Reserve Bank of Kansas City (11/15)
2006 – ASSA Meetings, Boston (1/6) – EFG Eurobank,
Athens (1/20) – EUI workshop
on “Consumption, Credit, and the Business Cycle” (3/18) – Federal Reserve
Bank of Boston (4/25) – SED, Vancouver (7/6) – ECB (8/25) – EEA, Vienna (8/28)
– Bank of Canada/SNB/Cleveland Fed Workshop (9/9, #) – Bank of Canada (9/11) –
Boston College (10/6) – HEC Montreal (10/26) – Bank of Sweden (11/1) – CEPR/
Bank of Finland Conference: Credit and the Macroeconomy, Helsinki (11/3) – International
Research Forum on Monetary Policy, Washington DC (12/1, #) – UPF
(12/19) – Macrodynamics Workshop, Rome (12/20)
2005 – ECB/IMOP Hydra Conference (6/10) – SED,
Budapest (6/24) – NBER Summer Institute, Capital Markets (7/18) – NBER Summer
Institute, Aggregate Implications of Microeconomic Consumption Behavior (7/20)
– Ente Luigi Einaudi (9/30, 12/19) –
Bocconi University (10/13) – EUI
conference on “Credit, Consumption and the Macro Economy” (10/14) –Yale (11/8)
– Boston University (11/10) – Brandeis University (11/17) – Boston College
(12/9) – IV Workshop
on Dynamic Macroeconomics, Bologna (12/20, #) – Bank of Italy
(12/22)
2004 – Chinese University of Hong Kong (1/17) – SED,
Florence (7/2) – Northeastern University (11/15) – Bank of
Canada/UWO workshop on “Housing and the Macroeconomy” (12/18)
2003 – Midwest Macro Meetings, Chicago (5/16) – EEA,
2002 – LSE (1/18) – Bank of England (1/23) – Federal
Reserve Bank of New York (1/29) – Federal Reserve Bank of St.Louis (1/31) – ECB
(2/6) – Boston College (3/11, 11/14) – Ente Luigi Einaudi (12/16)
2001 – LSE (5/8, 10/31) – CEP Stoke Rochford
Conference (5/21) – International Macro and Finance conference, Crete (5/26) –
NBER Monetary Policy Meeting, Cambridge, MA (11/30)
2000 –
1999 – ECB (8/23)
1998 – International Institute Public Finance Congress,
# Discussant
Teaching Experience:
2008 – 2009 Boston College: Graduate Monetary
Economics (Spring 2009), Graduate Macroeconomics (Spring 2009)
2007 – 2008 Boston
College: Graduate
Monetary Economics (Fall 2007), Undergraduate
Macroeconomics (Fall 2007), Graduate
Macroeconomics (Spring 2008)
2006 – 2007 Boston
College: Graduate Macroeconomics (Spring 2007), Graduate Monetary Economics
(Spring 2007), Undergraduate Macroeconomics (Fall 2006)
Universita’
degli Studi di Milano: Graduate Macroeconomics
(Spring 2007)
2005 – 2006 Boston
College: Graduate Macroeconomics (Spring 2006), Undergraduate
Macroeconomics (Spring 2006)
2004 – 2005 Boston
College: Graduate Monetary Economics (Spring 2005), Graduate Macroeconomics
(Spring 2005), Undergraduate Macroeconomics (Fall 2004)
Universita’
degli Studi di Milano: Graduate Macroeconomics
(Spring 2005)
2003 – 2004 Boston
College: Graduate Monetary Economics (Fall 2003), Graduate Macroeconomics
(Spring 2004), Undergraduate Macroeconomics (Spring 2004)
2002 – 2003 Boston
College: Graduate Macroeconomics (Spring 2003), Undergraduate
Macroeconomics (Spring 2003), Graduate Monetary Economics (Fall 2002)
2000 – 2002 LSE:
Undergraduate Macroeconomics, Graduate Capital Markets
1998 – 2000 LSE:
Undergraduate Public Economics
Advising
and Department Service
Dissertation Committee Chair or Co-Chair (year of
defense and placement)
Vitalij Strohush (in progress),
Giuseppe Fiori (in progress), Massimo Giovannini (in progress), Wataru Hirata
(in progress), Margarita Rubio (2008, Bank of Spain), Nicola Lostumbo (2008,
Price Waterhouse), Maria Teresa Punzi (2007, University of Alicante, Spain)
Dissertation Committee Member (year of defense and
placement)
Dessislava Slatcheva (in progress), Joachim Goeschel
(2008,
Co-Organizer,
Co-Organizer, R@BC (Research at
Graduate Admissions Committee, Economics Department,
Refereeing and Other Activity:
American Economic Review (5) – Bank of Spain WP
Series (2) – The B.E. Journals in Macroeconomics (3) – Computational Economics (2)
– Econometrica – Economica – Economic Journal – Economic Notes – Empirical
Economics (2) – International Economic Review (2) –International Finance (2) –
International Journal of Central Banking – Journal of Banking and Finance –
Journal of Economic Behavior and Organization – Journal of Economic Dynamics
and Control (2) – Journal of Economic Geography
– Journal of the European Economic Association (4) – Journal of Housing
Economics (4) – Journal of Macroeconomics – Journal of Money Credit and Banking
(7) – Journal of Monetary Economics (2) – Journal of Political Economy –
Macroeconomic Dynamics (3) – National Science Foundation – Regional Science and
Urban Economics (3) – Review of Economic Dynamics (2) – Review of Economics and
Statistics (2) – Review of Economic Studies
(3) – Social Sciences and Humanities Research Council of Canada – Swiss National Bank WP Series (2)
Program Committee Member, European Economic
Association Meetings, 2007, 2008 and 2009
Awards and Activities
Fall 2008
Summer 2008
Summer 2007
Summer 2006
Summer 2006
Fall 2005
Fall 2003
2002 Ente Luigi
Einaudi,
2000 – 2001 Italian National
Research Council (CNR):
Research fellowship
1999 – 2001 ESRC, Postgraduate Studies Studentship
1997 – 1999 Summer 2008
Summer 2007
Summer 2006
Summer 2006
Fall 2005
Fall 2003
2002 Ente
Luigi Einaudi,
2000 – 2001 Italian National Research Council
(CNR): Research fellowship
1999 – 2001 ESRC, Postgraduate Studies Studentship
1997 – 1999 University of Bologna Postgraduate Studies Studentship
1991 –
1996 Federazione Nazionale dei Cavalieri del
Lavoro Studentship
1991 – 1996 University of Rome Tor Vergata
studentship