June 2008

 

 

Matteo Iacoviello

 

 

Associate Professor of Economics

Boston College

Department of Economics

Administration Building

Chestnut Hill MA 02467 USA

Phone: +1–617–552–3689

Fax: +1–617–552–2308

iacoviel@bc.edu

http://fmwww.bc.edu/ec/iacoviello.php

 

 

DATE AND PLACE OF BIRTH: Salerno (Italy), 28 July 1973     

CITIZENSHIP: Italian (U.S. Permanent Resident)

 

 

Employment

2008 –                          Boston College, Department of Economics, Associate Professor (with tenure)

2002 – 2008                  Boston College, Department of Economics, Assistant Professor

 

 

Fields of Specialization

Macroeconomics, Monetary 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: Nobuhiro 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

Feb – Apr 2008              Consultant, Research Department, IMF

June 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 Internship, European I Department

Aug – Oct 1999             European Central Bank, Graduate Internship, Directorate General Research.

Jul – Sep 1998               World Markets Research Centre, Economist

 

 

Work in Progress

“Household Volatility, Household Debt and the Great Moderation”, with Marina Pavan

“House Prices and the Transmission Mechanism in the Euro Area: Theory and Evidence from a Monetary Union Model”, with Frank Smets

 

 

Working Papers

“Housing Market Spillovers: Evidence from an Estimated DSGE Model”, with Stefano Neri (2008), BC Working Paper 659.

“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, (2007).

 

 

Publications

“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 Franηois Ortalo–Magnι, 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 Manchester School, 71, 1, pp. 20–34.

 

 

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

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 (7/10)

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, Stockholm (8/24)

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  – University of Bologna (4/18)

1999  – ECB (8/23)

1998 –  International Institute Public Finance Congress, Cordoba (8/24)

# Discussant

 

 

Teaching Experience:

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)

Massimo Giovannini (in progress), Vitalij Strohush (in progress), Margarita Rubio (in progress, Bank of Spain), Maria Teresa Punzi (2007, University of Alicante, Spain)

Dissertation Committee Member (year of defense and placement)

Nicola Lostumbo (in progress), Joachim Goeschel (2008, Fordham University), Tatiana Munteanu (2007, Trent University, Canada), Lewis Gaul (2007, The Office of the Comptroller of the Currency), Viktors Stebunovs (2007, FRB), Bedri Tas (2005, TOBB Economics and Technology University), Sabina Pogorelec (2005, ECB), Mirco Soffritti (2004, Suffolk University)

Co-Organizer, Boston College Macroeconomics Seminar, Spring 2005 and Spring 2009

Co-Organizer, R@BC (Research at Boston College) Workshop, October 2002.

 

 

Refereeing and Other Activity:

American Economic Review  (3) – Bank of Spain WP Series – The B.E. Journals in Macroeconomics – Computational Economics (2) – Econometrica – Economica – Economic Journal – Economic Notes – Empirical Economics (2) – IMF Staff Papers – International Economic Review (2) – International Finance (2) – International Journal of Central Banking – Journal of Economic Behavior and Organization – Journal of Economic Dynamics and Control (2) – Journal of Economic Geography  – Journal of the European Economic Association (3) – Journal of Housing Economics (3) – Journal of Macroeconomics – Journal of Money Credit and Banking (4) – Journal of Monetary Economics (2) – Journal of Political Economy – Macroeconomic Dynamics (3) – National Science Foundation – Regional Science and Urban Economics (2) – Review of Economics and Statistics (2) – Review of Economic Studies  (2) – Social Sciences and Humanities Research Council of Canada  – Swiss National Bank WP Series (2)

 

Program Committee Member, European Economic Association Meetings, 2007 and 2008

 

 

Awards and Activities

 

Summer 2008    Boston College, Research Expense Grant

Summer 2007    Boston College, Research Expense Grant

Summer 2006    Boston College, Research Incentive Grant

Summer 2006    Boston College, Research Expense Grant

Fall 2005           Boston College, Faculty Fellowship

Fall 2003           Boston College, Research Expense Grant

2002                 Ente Luigi Einaudi, Rome: Research Fellowship

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