## Alessia De Stefani

## Source details

**Canonical URL:** [Alessia De Stefani](https://www.imf.org/-/media/files/cv/pdfs/alessia-destefani.pdf)

## Other formats

- [Markdown version](/-/media/files/cv/pdfs/alessia-destefani.pdf.md)
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### Current position
- International Monetary Fund, Research Department, Economist
- Contact: Phone: +1(202)623 4828; Email: adestefani@imf.org

### Professional experience
- International Monetary Fund, Asia and Pacific Department, Economist, 2020-2023
- Danmarks Nationalbank (Danish Central Bank), Research Economist, Research Unit, 2017-2020
- OECD, Economist and Policy Analyst, Dir. Public Governance, 2016-2017
- Bocconi University, Research and Teaching Assistant, 2011-2012

### Education
- University of Edinburgh, Ph.D., Economics, 2012-2016
- Bocconi University, M.Sc. Economics and Social Sciences, 2008-2011
- Catholic University of Milan, B.Sc. Management and Economics, 2005-2008

### Peer-reviewed publications
- "Spending Response to a Predictable Increase in Mortgage Repayments: Evidence from Expiring Interest-Only Loans," with Henrik Yde Andersen and Stine Ludvig Bech, The Review of Economics and Statistics, 106(1), 277-285, 2024
- "House Price History, Biased Expectations and Credit Cycles: the Role of Housing Investors," Real Estate Economics, 49:1238-1266, 2021
- "Debt, Inequality and House Prices: Explaining the Dynamics of Household Borrowing Prior to the Great Recession," Journal of Housing Economics, v.47, 2020

### Book chapters
- "Beliefs and Risk Taking," with Kaspar Zimmermann, Leveraged: The New Economics of Debt and Financial Fragility, Chicago University Press, 2023

### Policy work and other publications
- "Feeling the Pinch? Tracing the Effects of Monetary Policy through Housing Markets," April 2024 WEO Chapter 2
- Lao PDR: AIV Consultations, Staff Report (2022 and 2023)
- Cambodia: AIV Consultation, Staff Report (2021 and 2022)
- "Accelerating Innovation and Digitalization in Asia to Boost Productivity," IMF Departmental Paper n.1/23
- "The Effect of Food and Energy Price Inflation on Households in Asia," APD REO, box 1.3, 10/22
- "Household Vulnerability to Income Shocks in Emerging and Developing Asia: Evidence from Cambodia, Nepal and Vietnam," with Athene Laws and Alexandre Sollaci, IMF WP64/22
- "Expiring Interest-Only Loans Have Implications for Household Expenditure," with Henrik Yde Andersen and Stine Ludvig Bech, Danmarks Nationalbank Analysis, 02/20
- "Housing as Collateral and Home-Equity Extraction," with Simon-Juul Hviid, Danmarks Nationalbank Working Paper n.135/19
- "The Geography of Firm Dynamics: Measuring Business Demography for Regional Development," OECD Publishing, Paris, 2017

### Teaching
- University of Edinburgh, Teaching Assistant, Introduction to Macroeconomics (B.Sc.), a.y. 2015-2016
- Bocconi University, Teaching Assistant, Economics of Innovation and Technical Change (M.Sc.), a.y. 2011-2012

### Conferences and invited talks (selected)
- 2023: IMF, Research Department
- 2019: Household Finance and Consumption Conference (ECB); University of Bonn; The Changing Economy and the Business Cycle (Norges Bank); CEPR New Approaches for Understanding Business Cycles; EFA Day-Ahead; INET-Private Debt Initiative; Fed-Nordic Central Banks Policy-Research Meeting
- 2018: Housing and Macro Workshop (EAYE); EFA Annual Conference; Household Finance Workshop (St.Gallen); University of Nottingham; University of Copenhagen
- 2017: CEPR Household Finance Conference, Swedish House of Finance, University of Bonn, Danmarks Nationalbank

### Scholarships, honors and internships
- University of Edinburgh, Doctoral Scholarship, a.y. 2015-2016
- Economic and Social Research Council, Doctoral Scholarship (3 years), a.y. 2012-2015
- International Monetary Fund, Ph.D. Intern, Fiscal Affairs Department, July-Sep. 2014

### Professional activities
- Referee for: The Review of Economics and Statistics; Journal of Money Credit and Banking; Economic Letters; Scandinavian Journal of Economics; Journal of Housing Economics; International Journal of Central Banking

### Software and languages
- Software: Stata, R, QGIS
- Languages: Italian (native), English (fluent), French and Spanish (intermediate)

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_Source: https://www.imf.org/-/media/files/cv/pdfs/alessia-destefani.pdf_