I am a Senior Research Economist at the Bank of Italy.
My research interests are International Finance, International Trade, and Networks.

Here's my Curriculum Vitae

Publications
Working Papers
  • Global Financial Chains (new draft coming soon!)
    with Raoul Minetti, Oren Ziv
    Presented at 2024 Financial Intermediation Workshop Bank of Italy – EIEF; NBER SI 2024; Luiss Business School; 2024 ECB–FRB–FRBNY Global Research Forum on International Macroeconomics and Finance; EEA 2025 Congress; CEPR IMF 2025.
  • The Impact of Trade Wars on Firms in Third Countries (first draft coming soon!)
    with Francesco Paolo Conteduca, Marco Errico, Fabrizio Leone, Ludovic Panon
  • Granularity in firm-to-firm production networks: a multi-country analysis (first draft coming soon!)
    with G. Magerman, A. Palazzolo, E. Dhyne, A. Borsos, D. Kulikov, A. Linarello, A. Paulus, and M. Saldias
Work in Progress
  • Inside Out: The Allocative Impact of Firms’ Make-or-Buy Decisions on Aggregate Energy Intensity
    with Carole Marullaz
    Presented by Carole at 2026 CEPR Annual STEG.
  • Geopolitical Tensions, Trade Exposure and Bank Lending
    with Fabio Massimo Piersanti
  • Does JIT production change the network structure of GVCs? Evidence from Italian firms
    with Simona Giglioli
Discussions
  • Trade, Multinationals and Corporate Taxation, by Dubus, Ferrari, Parenti
    2025 BdI, ECB, WB workshop on “Trade, value chains and financial linkages in the global economy”
  • Beyond Bilateral Flows: Indirect Connections and Exchange Rates, by Bahaj, Della Corte, Massacci, Seyde
    2025 BIS, BoE, ECB and IMF Spillover Conference
  • Trade Intermediation and Resilience in Global Sourcing, by Perelló
    2024 BdI, ECB, WB workshop on “Trade, value chains and financial linkages in the global economy”
  • The Ripple Effect: Supply Chain Reconfigurations and Cross-border Credit Dynamics, by Correa, Fabiani, Ossandon, Sarmiento
    2024 10th Annual Banking Research Network Workshop
  • A Sufficient Statistics Approach for Endogenous Production Networks: Theory and Evidence from Ukraine’s War, by Korovkin, Makarin, Miyauchi
    2023 BdI, ECB, WB workshop on “Trade, value chains and financial linkages in the global economy”
Policy Works
  • The effects of US tariffs on Italian firms: An ex-ante micro-level perspective [paper]
    with Stefano Federico, Fadi Hassan
  • Fragmentation and the Future of GVCs [paper]
    with Francesco Paolo Conteduca, Michele Mancini, Simona Giglioli, Alessandro Borin, Maria Grazia Attinasi, Lukas Boeckelmann, and Baptiste Meunier