Francesca Loria

Working papers

Financial Market Effects of FOMC Communication: Evidence from a New Event-Study Database R&R, Journal of Monetary Economics
with Miguel Acosta, Andrea Ajello, Michael Bauer and Silvia Miranda-Agrippino
SF Fed WP CEPR DP USMPD database
Accounting for Uncertainty and Risks in Monetary Policy
with Michael Bauer, Travis Berge, Giuseppe Fiori and Molin Zhong
FEDS WP System analytical work Framework review roadmap MP framework statement Chair Powell speech
Monetary Policy and the Distribution of Income: Evidence from U.S. Metropolitan Areas
with Giovanni Favara and Egon Zakrajšek
Boston Fed WP CEPR DP
Endogenous Macroeconomic Risk in Regime-Switching Environments Coming soon
with Danilo Cascaldi-Garcia and Pablo Cuba-Borda

Publications

Assessing Macroeconomic Tail Risk 2025
with Christian Matthes and Donghai Zhang
The Economic Journal
Inflation at Risk 2024
with David López-Salido
Journal of Monetary Economics
Has the Fed Responded to House and Stock Prices? A Time-Varying Analysis 2023
with Knut Are Aastveit and Francesco Furlanetto
Review of Economics and Statistics
Business Cycle Accounting: What Have We Learned So Far? 2023
with Pedro Brinca and João Costa-Filho
Journal of Economic Surveys
What is Certain about Uncertainty? 2023
with Danilo Cascaldi-Garcia, Cisil Sarisoy, Juan M. Londono, John Rogers, Deepa Datta, Thiago Ferreira, Olesya Grishchenko, Mohammad R. Jahan-Parvar, Sai Ma, Marius Rodriguez and Ilknur Zer
Journal of Economic Literature
Economic Theories and Macroeconomic Reality 2022
with Christian Matthes and Mu-Chun Wang
Journal of Monetary Economics
On Identification Issues in Business Cycle Accounting Models 2022
with Pedro Brinca and Nikolay Iskrev
Advances in Econometrics, Vol. 46: Essays in Honor of Fabio Canova
PDF

Work in progress

Flexible Priors and Restrictions in Structural Vector Autoregressions
with Christiane Baumeister and Junior Maih
Structural Outlook-at-Risk: A Model-Based Approach to Macroeconomic Tail Risks
with Junior Maih
Optimized Simple Monetary Rules in Constant and Regime Switching Environments
with Junior Maih and Marco Ratto
(Mis-)Identification of the Drivers of Inflation: Supply, Demand, or Both?
with Christiane Baumeister and Leonard Mühlenweg
Testing Growth-at-Risk
with Francesco Furno, Domenico Giannone, Leonardo Iania and Christian Schulz
Monitoring and Forecasting Macro Risk Textbook
with Tobias Adrian, Nina Boyarchenko, Francesco Furno, Domenico Giannone, Leonardo Iania, Michele Lenza, Cecilia Melo Fernandes and Sergio Sola

Policy notes

Monetary Policy and the Distribution of Income: Evidence from U.S. Metropolitan Areas 2025
with Giovanni Favara, Gregory Marchal and Egon Zakrajšek
FEDS Notes
Is Trend Inflation at Risk of Becoming Unanchored? The Role of Inflation Expectations 2022
with Danilo Cascaldi-Garcia and David López-Salido
FEDS Notes