Stefano Pica

Advisor @ Bank of Italy

I am an Advisor at the Bank of Italy. My work mostly focuses on macroeconomics, with an emphasis on monetary policy and household finance.

Disclaimer: The views expressed on this website are my own and do not necessarily reflect those of the Bank of Italy or the Euro-system.

Upcoming/Recent Talks:

2024-03: ESCB Research Cluster on Monetary Economics, Central Bank of Poland
2024-02: Seminar at the DG-Economics, European Central Bank
2023-12: Financial stability policies in a changing lending landscape, Central Bank of Ireland
2023-10: ChaMP Research Network - Workstream 1, Banco de Portugal
2023-10: 2023 ECB Conference on Monetary Policy: bridging science and practice, European Central Bank

News:

2023-07-02: My paper on the housing markets and monetary policy has been mentioned in The Telegraph (link)
2022-07-19: My paper on the housing markets and monetary policy has been mentioned in the Financial Times (link)

Working Papers

Clodomiro Ferreira, Stefano Pica

February 2024 Working Paper

Household Perceived Sources of Business Cycle Fluctuations: a Tale of Supply and Demand

Presented at: University of Naples Federico II, European Central Bank, Bank of Italy, Bank of Spain, G4 Monetary Policy Meetings, the Conference on the Macroeconomics of Expectations

Stefano Pica

February 2022 Working Paper

Housing Markets and the Heterogeneous Effects of Monetary Policy Across the Euro Area

Finalist at the 2022 ECB Young Economist Prize

Presented at: Boston University, Collegio Carlo Alberto, Universidad Carlos III de Madrid, IE University, Federal Reserve Board, European Central Bank, Central Bank of Italy, Central Bank of Denmark, Central Bank of the Netherlands, Central Bank of Lithuania, 2021 European Winter Meeting of the Econometric Society, Theories and Methods in Macroeconomics, Philadelphia FED Mortgage Market Research Conference, 47th Simposio of the Spanish Economic Association, Financial Stability Policies in a Changing Lending Landscape Conference