{"id":1854,"date":"2020-11-30T21:24:25","date_gmt":"2020-11-30T20:24:25","guid":{"rendered":"https:\/\/benigno.ch\/?page_id=1854"},"modified":"2025-07-01T12:16:51","modified_gmt":"2025-07-01T11:16:51","slug":"policy-papers","status":"publish","type":"page","link":"https:\/\/benigno.ch\/index.php\/home\/research\/policy-papers\/","title":{"rendered":"Policy Papers"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Publications<\/h4>\n\n\n\n<p> &#8220;<a href=\"https:\/\/doi.org\/10.1111\/joes.12521\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">The ECB\u2019s Asset Purchase Programme: Theory, Effects, and Risks<\/span><\/a>,&#8221; <em>Journal of Economic Surveys<\/em>, 37(3), pp. 890-914. (with Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori)<\/p>\n\n\n\n<p> &#8220;<a href=\"https:\/\/doi.org\/10.1016\/j.jpolmod.2023.03.004\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">The ECB\u2019s New Inflation Target from a Short-and Long-Term Perspective<\/span><\/a>,&#8221; <em>Journal of Policy Modeling<\/em>, 45(2), pp. 286-304, (2023). (with Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori)<\/p>\n\n\n\n<p> &#8220;<a href=\"https:\/\/doi.org\/10.1007\/s40797-023-00225-7\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">The Spectre of Financial Dominance in the Eurozone<\/span><\/a>,&#8221; <em>Italian Economic Journal<\/em>, (2023). (with Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori)<\/p>\n\n\n\n<p> &#8220;<a href=\"https:\/\/link.springer.com\/article\/10.1007\/s11079-022-09665-7\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">The European Monetary Policy Responses During the Pandemic Crisis<\/span><\/a>,&#8221; <em>Open Economies Review<\/em>, 33, pp. 657\u2013675, (2022). (with Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori)<\/p>\n\n\n\n<p> &#8220;<a href=\"https:\/\/www.rivisteweb.it\/doi\/10.1429\/103965\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">Shocks in Europe, Changes in Uncertainty, and Policies<\/span><\/a>,&#8221; <em>Journal of Economic Policy<\/em>, 3, pp. 339-356, (2021). (with Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori)<\/p>\n\n\n\n<p>\u00b7\u201c<a href=\"http:\/\/archive.riksbank.se\/Documents\/Rapporter\/POV\/2016\/2016_3\/er_2016_3%20The%20relevance%20or%20irrelevance%20of%20asset%20purchase%20programs%20by%20Pierpaolo%20Benigno.pdf\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">The Relevance or Irrelevance of Asset Purchase Programs<\/span><\/a>,&#8221; in Rethinking the Central Bank\u2019s Mandate, <em>Sveriges Riksbank Economic Review<\/em>, 3, Special issue, pp. 78-85, (2016).<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Working Papers<\/h4>\n\n\n<p> &#8220;<a href=\"https:\/\/www.astrid-online.it\/static\/upload\/astr\/0000\/astrid-paper-100-bis.pdf\n\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">European Safe Assets. Macroeconomic Context, Instruments, and Prospects<\/span><\/a>,&#8221; with Edoardo Reviglio, ASTRID Working Paper, June 2025. <\/p>\n\n\n\n<p> &#8220;<a href=\"https:\/\/benigno.ch\/wp-content\/uploads\/2022\/06\/Final.pdf\n\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">Stagflation and Fragmentation: The Euro-Area at the Crossroad<\/span><\/a>,&#8221; with (Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori), prepared for the ECON committee Monetary Dialogue, European Parliament, June 2022. <\/p>\n\n\n\n<p> &#8220;<a href=\"https:\/\/www.europarl.europa.eu\/cmsdata\/241734\/01_QA0521320ENN.pdf\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">The Implementation and Rationale of the New ECB&#8217;s Inflation Target<\/span><\/a>,&#8221; with (Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori), prepared for the ECON committee Monetary Dialogue, European Parliament, November 2021. <\/p>\n\n\n\n<p>&#8220;<a href=\"https:\/\/benigno.ch\/wp-content\/uploads\/2021\/09\/Paper-September.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">Financial Dominance in the Pandemic and Post-Pandemic European Economy<\/span><\/a>,&#8221; with (Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori), prepared for the ECON committee Monetary Dialogue, European Parliament, September 2021.<\/p>\n\n\n\n<p>&#8220;<a href=\"https:\/\/www.europarl.europa.eu\/cmsdata\/230559\/LUISS_formatted.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">The ECB&#8217;s Measures in Support of the COVID-19 Crisis<\/span><\/a>,&#8221; with (Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori), prepared for the ECON committee Monetary Dialogue, European Parliament, February 2021.<\/p>\n\n\n\n<p class=\"has-text-align-left\">&#8220;<a href=\"https:\/\/www.europarl.europa.eu\/cmsdata\/215490\/02.LUISS_final.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">Uncertainty and The Pandemic Shock<\/span><\/a>,&#8221; with (Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori),  prepared for the ECON committee Monetary Dialogue,  European Parliament, November 2020.<\/p>\n\n\n\n<p class=\"has-text-align-left\">&#8220;<a href=\"https:\/\/www.europarl.europa.eu\/cmsdata\/211438\/2_Luiss%20final.pdf\"><span class=\"has-inline-color has-vivid-cyan-blue-color\">Theory, Evidence, and Risks of the ECB\u2019s Asset Purchase Programme<\/span><\/a>,&#8221; with (Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori), prepared for the ECON committee<br>Monetary Dialogue, European Parliament, September 2020.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Publications &#8220;The ECB\u2019s Asset Purchase Programme: Theory, Effects, and Risks,&#8221; Journal of Economic Surveys, 37(3), pp. 890-914. (with Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori) &#8220;The ECB\u2019s New Inflation Target from a Short-and Long-Term Perspective,&#8221; Journal of Policy Modeling, 45(2), pp. 286-304, (2023). (with Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori) &#8220;The Spectre of Financial &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/benigno.ch\/index.php\/home\/research\/policy-papers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Policy Papers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":3,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1854","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Policy Papers - Prof. Pierpaolo Benigno<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/benigno.ch\/index.php\/home\/research\/policy-papers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Policy Papers - Prof. Pierpaolo Benigno\" \/>\n<meta property=\"og:description\" content=\"Publications &#8220;The ECB\u2019s Asset Purchase Programme: Theory, Effects, and Risks,&#8221; Journal of Economic Surveys, 37(3), pp. 890-914. (with Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori) &#8220;The ECB\u2019s New Inflation Target from a Short-and Long-Term Perspective,&#8221; Journal of Policy Modeling, 45(2), pp. 286-304, (2023). 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(with Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori) &#8220;The ECB\u2019s New Inflation Target from a Short-and Long-Term Perspective,&#8221; Journal of Policy Modeling, 45(2), pp. 286-304, (2023). (with Paolo Canofari, Giovanni Di Bartolomeo, Marcello Messori) &#8220;The Spectre of Financial &hellip; Continue reading \"Policy Papers\"","og_url":"https:\/\/benigno.ch\/index.php\/home\/research\/policy-papers\/","og_site_name":"Prof. Pierpaolo Benigno","article_modified_time":"2025-07-01T11:16:51+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/benigno.ch\/index.php\/home\/research\/policy-papers\/","url":"https:\/\/benigno.ch\/index.php\/home\/research\/policy-papers\/","name":"Policy Papers - Prof. Pierpaolo Benigno","isPartOf":{"@id":"https:\/\/benigno.ch\/#website"},"datePublished":"2020-11-30T20:24:25+00:00","dateModified":"2025-07-01T11:16:51+00:00","breadcrumb":{"@id":"https:\/\/benigno.ch\/index.php\/home\/research\/policy-papers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/benigno.ch\/index.php\/home\/research\/policy-papers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/benigno.ch\/index.php\/home\/research\/policy-papers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/benigno.ch\/"},{"@type":"ListItem","position":2,"name":"Research","item":"https:\/\/benigno.ch\/index.php\/home\/research\/"},{"@type":"ListItem","position":3,"name":"Policy Papers"}]},{"@type":"WebSite","@id":"https:\/\/benigno.ch\/#website","url":"https:\/\/benigno.ch\/","name":"Pierpaolo Benigno - University of Berne","description":"University of Bern","publisher":{"@id":"https:\/\/benigno.ch\/#\/schema\/person\/b45515c609d6403c6a93ea86b63b1fbf"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/benigno.ch\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/benigno.ch\/#\/schema\/person\/b45515c609d6403c6a93ea86b63b1fbf","name":"Pierpaolo Benigno","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/benigno.ch\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2b29ac699502e5bf9d09db6f00035e7d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2b29ac699502e5bf9d09db6f00035e7d?s=96&d=mm&r=g","caption":"Pierpaolo Benigno"},"logo":{"@id":"https:\/\/benigno.ch\/#\/schema\/person\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/benigno.ch\/index.php\/wp-json\/wp\/v2\/pages\/1854"}],"collection":[{"href":"https:\/\/benigno.ch\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/benigno.ch\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/benigno.ch\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/benigno.ch\/index.php\/wp-json\/wp\/v2\/comments?post=1854"}],"version-history":[{"count":33,"href":"https:\/\/benigno.ch\/index.php\/wp-json\/wp\/v2\/pages\/1854\/revisions"}],"predecessor-version":[{"id":2381,"href":"https:\/\/benigno.ch\/index.php\/wp-json\/wp\/v2\/pages\/1854\/revisions\/2381"}],"up":[{"embeddable":true,"href":"https:\/\/benigno.ch\/index.php\/wp-json\/wp\/v2\/pages\/3"}],"wp:attachment":[{"href":"https:\/\/benigno.ch\/index.php\/wp-json\/wp\/v2\/media?parent=1854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}