I am a Senior Economist at Banca d'Italia.
My research interests are in International Finance, International Trade, and Networks.

Here's my Curriculum Vitae.

Working Papers

  • The Impact of Trade Wars on Firms in Third Countries (submitted) [VoxEU]
    with Francesco Paolo Conteduca, Marco Errico, Fabrizio Leone, Ludovic Panon
  • Beyond Firm Size: Network Position and Shock Transmission in Firm-to-Firm Production Networks across Five Economies
    with G. Magerman, A. Palazzolo, E. Dhyne, A. Borsos, D. Kulikov, A. Linarello, A. Paulus, and M. Saldias
  • Make or Buy? Allocative Energy Efficiency in Production Networks
    with Carole Marullaz [this is Carole's JMP, check her website for full CV!] Presented by Carole at the University of Zurich, Yale University, Sciences Po, the SAEE Student Workshop, the Swiss Macro Workshop, the UZH Environmental Policy for the Green Transition Workshop, the 2025 CEPR Paris Symposium, the 2026 STEG Annual Conference, the PSE-CEPR Policy Forum, the FNRS Namur Summer School, the 2026 Workshop on International Economic Networks (WIEN), the CEPR Climate Change and the Environment Symposium, the Banca d'Italia/CEPR/EIEF/World Bank Conference on Firm Dynamics, Investment and Aggregate Growth and the Applied Young Economists' Webinar
  • Global Financial Chains (new draft coming soon)
    with Raoul Minetti and Oren Ziv Presented at the 2024 Bank of Italy–EIEF Financial Intermediation Workshop; NBER Summer Institute 2024; Luiss Business School; the 2024 ECB–Federal Reserve Board–Federal Reserve Bank of New York Global Research Forum on International Macroeconomics and Finance; the EEA 2025 Congress; and CEPR–IMF 2025.

Publications

Work in Progress

  • Bank Portfolios and Trade Exposure
    with Fabio Massimo Piersanti
  • How firms finance dominant-currency trade
    with Valerio Della Corte and Stefano Federico
  • Energy efficiency within firm boundaries
    with Carole Marullaz

Discussions

  • Trade, Multinationals and Corporate Taxation by Dubus, Ferrari, and Parenti.
    2025 Bank of Italy, ECB, and World Bank 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, and Seyde.
    2025 BIS, Bank of England, ECB, and IMF Spillover Conference.
  • Trade Intermediation and Resilience in Global Sourcing by Perelló.
    2024 Bank of Italy, ECB, and World Bank 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, and 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, and Miyauchi.
    2023 Bank of Italy, ECB, and World Bank workshop on “Trade, Value Chains and Financial Linkages in the Global Economy.”

Policy Work

  • The Effects of US Tariffs on Italian Firms: An Ex-Ante Micro-Level Perspective (2025) [paper]
    with Stefano Federico and Fadi Hassan.