Andrea Pescatori is an economist in the IMF's Research Department, at the World Economic Studies. His major fields of expertise are monetary and fiscal policy, macro-econometrics, asset prices, with particular emphasis on housing and commodity prices, and international finance.
Mr. Pescatori holds a B.S. in economics from the University of Rome III—Rome, Italy—and a Ph.D. in economics from Universitat Pompeu Fabra—Barcelona, Spain. Mr. Pescatori has been visiting student at the M.I.T., intern at the IMF in the International Capital Markets division, visiting student at the Riksbank, Sweden, and fellow of the Ente Luigi Einaudi, Rome, Italy.
Fluent In: Italian, Spanish.
Prior to joining the IMF he was an economist at the Research Department of the Federal Reserve Bank of Cleveland from 2006 to 2010. In 2009-2010 he was visiting the division of International Finance of the Federal Reserve Board. In 2006 he was visiting fellow at the Ente Luigi Enaudi, Rome, Italy.
American Economic Review, European Economic Review, Economic Journal, Empirical Economics, Journal of European Economic Association, Journal of International Economics, Journal of Money Credit and Banking, Review of Economic Dynamics, and Journal of Monetary Economics.
IMF Books and Working Papers:
Competition among Exchanges and Enforcement Policy, Working Paper No. 13/37, February 01, 2013
Expansionary Austerity New International Evidence, Working Paper No. 11/158, July 01, 2011
A New Action-based Dataset of Fiscal Consolidation, Working Paper No. 11/128, June 01, 2011
Search Frictions and the Labor Wedge, Working Paper No. 11/117, May 01, 2011
Debt Crises and the Development of International Capital Markets, Working Paper No. 04/44, March 01, 2004
"Debt Overhang in a Business Cycle model" with F. Occhino, FRB Cleveland wp1003R.
"Incomplete Markets and Households’ Exposure to Interest Rate and Inflation Risk: Implications for the Monetary Policy Make", FRB Cleveland wp 0709.
Publications in Refereed Journals
Oil and the Great Moderation (with A. Nakov), (2010) Economic Journal, Volume 120, Issue 543, pages 131–156, March.
Monetary Policy Tradeoffs with a Dominant Oil Producer (with A. Nakov), (2010) Journal of Money Credit and Banking, Vol. 42 (1) (Lead Article).
Are Debt Crises Adequately Defined? (with A. Sy), (2007) IMF Staff Papers, Vol. 54, N. 2.
Other IMF Publications
"Will It Hurt? Macroeconomic Effects of Fiscal Consolidation", Ch.3 World Economic Outlook, October 2010.
"The Great Moderation: Good Luck, Good Policy, or Less Oil Dependence?", Economic Commentary, FEB Cleveland, 2008.
"Conducting Monetary Policy when Interest Rates Are Near Zero", with Chuck Carlstrom, Economic Commentary, FRB Cleveland, 2009.