Giovanni P. Olivei
Giovanni P. Olivei
Vice President and Economist

Research

email  Giovanni.Olivei@bos.frb.org

617-973-3783

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Primary fields of research

Macroeconomics, international finance

Publications

Refereed journal articles

"Consumer Attitudes and Their Forecasting Power for Consumer Spending," with Michelle L. Barnes. 2017. Journal of Money, Credit and Banking 49(5): 1031-1058. DOI: 10.1111/jmcb.12404.

"Inflation Dynamics When Inflation is Near Zero," with Jeffrey C. Fuhrer and Geoffrey M. B. Tootell. Journal of Money, Credit, and Banking 44 (s1): 83-122 (February 2012). DOI: 10.1111/j.1538-4616.2011.00479.x.

"Wage Setting Patterns and Monetary Policy: International Evidence," with Silvana Tenreyro. 2010. Journal of Monetary Economics 57: 785-802. DOI: https://doi.org/10.1016/j.jmoneco.2010.08.003.

"Capital Account Liberalization, Financial Depth, and Economic Growth," with Michael Klein. 2008. Journal of International Money and Finance 27: 861-875. DOI: 10.1016/j.jimonfin.2008.05.002.

"The Timing of Monetary Policy Shocks," with Silvana Tenreyro. 2007. American Economic Review 97(3): 636-663. DOI: 10.1257/aer.97.3.636.

Other journal articles

"Inside and Outside Bounds: Threshold Estimates of the Phillips Curve," with Michelle L. Barnes. 2003. New England Economic Review.

"Central Banking in Other Industrialized Countries: Japan's Approach to Monetary Policy," with Richard Kopcke and others. 2002. New England Economic Review. Q2.

"Central Banking in Other Industrialized Countries: Norway's Approach to Monetary Policy," with Richard Kopcke and others. 2002. New England Economic Review. Q2.

"Central Banking in Other Industrialized Countries: Switzerland's Approach to Monetary Policy," with Richard Kopcke and others. 2002. New England Economic Review. Q2.

"Exchange Rates and the Prices of Manufacturing Products Imported into the United States." 2002. New England Economic Review. Q1.

"The Role of Savings and Investment in Balancing the Current Account: Some Empirical Evidence from the United States." 2000. New England Economic Review. July.

"Consumption Risk-Sharing Across G-7 Countries." 2000. New England Economic Review. March.

"Rethinking the International Monetary System: An Overview," with Jane Sneddon Little. 1999. New England Economic Review. November.

"Why the Interest in Reforming the International Monetary System?" with Jane Sneddon Little. 1999. New England Economic Review. September.

Books and book chapters

Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective, editor with Jeff Fuhrer, Yolanda Kodrzycki, and Jane Sneddon Little. 2009. Cambridge, MA: MIT Press.

"The Phillips Curve in Historical Context," with Jeff Fuhrer, Yolanda Kodrzycki, and Jane Sneddon Little in Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective. 2009. Cambridge, MA: MIT Press.

"Rethinking the International Monetary System, co-editor with Jane Sneddon Little. 1999. Proceedings from the Federal Reserve Bank of Boston Conference Series 43.

"Rethinking the International Monetary System: An Overview." 1999. Proceedings from the Federal Reserve Bank of Boston Conference Series 43.

"Why the Interest in Reform?" with Jane Sneddon Little, in "Rethinking the International Monetary System: An Overview." 1999. Proceedings from the Federal Reserve Bank of Boston Conference Series 43.

Working papers and other unpublished papers

"Monetary Policy and Regional House-Price Appreciation," with Daniel H. Cooper and Maria José Luengo-Prado. 2016. Federal Reserve Bank of Boston Research Department Working Papers No. 16-18.

"The Forecasting Power of Consumer Attitudes for Consumer Spending," with Michelle L. Barnes. 2014. Federal Reserve Bank of Boston Research Department Working Papers No. 14-10.

"An Evaluation of the Federal Reserve Estimates of the Natural Rate of Unemployment in Real Time," with Fabia Gumbau-Brisa. 2014. Federal Reserve Bank of Boston Research Department Working Papers No. 13-24.

"The Michigan Surveys of Consumers and Consumer Spending," with Michelle L. Barnes. 2013. Federal Reserve Bank of Boston Research Department Public Policy Briefs No. 13-8.

"Cyclical versus Secular: Decomposing the Recent Decline in the US Labor Force Participation," with Michelle L. Barnes and Fabia Gumbau-Brisa. 2013. Federal Reserve Bank of Boston Research Department Public Policy Briefs No. 13-2.

"Do Real-Time Okun's Law Errors Predict GDP Data Revisions?" with Michelle Barnes and Fabia Gumbau-Brisa. Federal Reserve Bank of Boston Research Department Working Papers No. 13-3.

"Inflation Dynamics When Inflation is Near Zero," with Jeffrey C. Fuhrer and Geoffrey M. B. Tootell. 2011. Federal Reserve Bank of Boston Research Department Working Papers No. 11-17.

"A Response to Cogley and Sbordone's Comment on 'Closed-Form Estimates of the New Keynesian Phillips Curve with Time-Varying Trend Inflation,'" with Fabia Gumbau-Brisa and Denny Lie. 2011. Federal Reserve Bank of Boston Research Department Working Papers No. 11-4.

"Estimation of Forward-Looking Relationships in Closed Form: An Application to the New Keynesian Phillips Curve," with Michelle L. Barnes, Fabia Gumbau-Brisa, and Denny Lie. 2011. Federal Reserve Bank of Boston Research Department Working Papers No. 11-3.

"The Estimated Macroeconomic Effects of the Federal Reserve's Large-Scale Treasury Purchase Program," with Jeffrey C. Fuhrer. 2011. Federal Reserve Bank of Boston Research Department Public Policy Briefs No. 11-2.

"Wage Setting Patterns and Monetary Policy: International Evidence," with Silvana Tenreyro. 2010. Federal Reserve Bank of Boston Research Department Working Papers No. 10-8.

"The Role of Expectations and Output in the Inflation Process: An Empirical Assessment," with Jeffrey C. Fuhrer. 2010. Federal Reserve Bank of Boston Research Department Public Policy Briefs No. 10-2.

"Closed-Form Estimates of the New Keynesian Phillips Curve with Time-Varying Trend Inflation," with Michelle Barnes, Fabia Gumbau-Brisa and Denny Lie. 2009. Federal Reserve Bank of Boston Research Department Working Papers No. 09-15.

"Empirical Estimates of Changing Inflation Dynamics," with Jeffrey C. Fuhrer and Geoffrey M. B. Tootell. 2009. Federal Reserve Bank of Boston Research Department Working Papers No. 09-4.

"Estimating Forward Looking Euler Equations with GMM Estimators: An Optimal Instruments Approach," with Jeffrey C. Fuhrer. 2005. In Models and Monetary Policy: Research in the Tradition of Dale Henderson, Richard Porter, and Peter Tinsley. Board of Governors of the Federal Reserve System.

"Estimating Forward Looking Euler Equations with GMM Estimators: An Optimal Instruments Approach," with Jeffrey C. Fuhrer. 2004. Federal Reserve Bank of Boston Research Department Working Papers No. 04-2.

"The Timing of Monetary Policy Shocks," with Silvana Tenreyro. 2004. Federal Reserve Bank of Boston Research Department Working Papers No.04-1.

"Productivity Shocks, Investment, and the Real Interest Rate." 1999. Federal Reserve Bank of Boston Research Department Working Papers No. 99-2.

"Fiscal Retrenchments and the Level of Economic Activity." 1999. Federal Reserve Bank of Boston Research Department Working Papers No. 99-3.

"Capital Account Liberalization, Financial Depth, and Economic Growth," with Michael W. Klein. 1999. Federal Reserve Bank of Boston Research Department Working Papers No. 99-6.

"Capital Account Liberalization, Financial Depth, and Economic Growth," with Michael W. Klein. 1999. National Bureau of Economic Research Working Paper No. 7384. doi: 10.3386/w7384.

"Government Spending Shocks and the Real Interest Rate Under Alternative Fiscal Regimes." 1998. Princeton University.