I am a Senior Economist at the Banca d'Italia.
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 (submitted) [VoxEU blog]
    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
  • Fragmentation and the Future of GVCs (revise and resubmit, The World Economy)
    with Francesco Paolo Conteduca, Michele Mancini, Simona Giglioli, Alessandro Borin, Maria Grazia Attinasi, Lukas Boeckelmann, and Baptiste Meunier
Work in Progress
  • Inside Out: The Allocative Impact of Firms’ Make-or-Buy Decisions on Aggregate Energy Intensity
    with Carole Marullaz
  • 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