Il gruppo include docenti e studiosi di macroeconomia, e macroeconometria finanziaria.

Argomenti di ricerca includono l'analisi delle fluttuazioni del ciclo economico, gli effetti di politiche fiscali e monetarie, le dinamiche dei tassi cambio, fragilità finanziaria e crisi economiche. L'analisi econometrica delle relazioni causali tra variabili macro e finanziarie tramite modelli dinamici, in particolare metodi di inferenza per modelli di econometria macro-finanziaria.

I componenti del gruppo insegnano corsi a livello "undergraduate" e "graduate" in macroeconomia avanzata, economia monetaria ed economia monetaria di livello progredito.

Progetti di ricerca:

"Complexity Research Initiative for Systemic Instabilities" (CRISIS), finanziato dal Seventh Framework Programme, European Commission. Coordinator: Domenico Delli Gatti.

"Macro-Risk Assessment and Stabilization Policies with New Early Warning Signals" (RASTANEWS), finanziato dal Seventh Framework Programme, European Commission. Node leader: Domenico Delli Gatti.

Unicredit Research Grant "Animal Spirits and Financial Crisis", principal investigator: Tiziana Assenza.

"Task Force in Macroeconomic Efficiency and Stability: Networks and Externalities" financed by the Institute for New Economic Thinking (INET). Coordinator: Joseph Stiglitz.

Research programme "International Network on Expectational Coordination" (INEXC) financed by the Institute for New Economic Thinking (INET). Coordinator: Roger Guesnerie.

Research programme "Heterogeneous Expectations and Financial Crisis" financed by the Institute for New Economic Thinking (INET). Coordinator: Cars Hommes.

Netherlands Organization for Scientific Research (NWO) research programme "Understanding Financial Instability through Complex Systems" (FINcomplexity). Coordinator: Cars H. Hommes.

Tra le pubblicazioni del Dipartimento in questa area di ricerca abbiamo:

• Delli Gatti, D., and S. Reissl. 2022. “Agent-Based Covid economics (ABC): Assessing non-pharmaceutical in-terventions and macro-stabilization policies”, forthcoming in Industrial and Corporate Change.
• Delli Gatti, D., and E. Grugni. 2021. “Breaking Bad: Supply Chain Disruptions in a Streamlined Agent Based Model”, European Journal of Finance, DOI: 10.1080/1351847X.2021.1963300.
• Dragomirescu-Gaina, C., D. Philippas, S. Goutte, and D. Nguyen. 2021. “Investors’ attention and information losses under market stress”, Journal of Economic Behavior and Organization, 191: 1112-1127.
• Delli Gatti D., and J. Grazzini. 2020. “Rising to the Challenge: Bayesian Estimation and Forecasting Techniques for Macroeconomic Agent-Based Models”, Journal of Economic Behaviour and Organization, 178: 875-902.
• Massaro D., T. Assenza, P. Heemeijer, and C. Hommes. 2019. “Managing Self-Organization of Expectations through Monetary Policy: a Macro Experiment”, in Journal of Monetary Economics.
• Boitani, A., and C. Punzo. 2019. “Banks leverage behaviour in a two-agent New Keynesian model, Journal of Economic Behavior and Organization, 162: 347-359.
• Delli Gatti, D., and T. Assenza. 2019. “The financial transmission of shocks in a simple hybrid macroeconomic agent based model”, Journal of Evolutionary Economics, 29 (1): 265-297.
• Femminis, G. 2019. “Risk aversion heterogeneity and the investment-uncertainty relationship”, Journal of Economics, 127: 223–264.
• Delli Gatti, D., T. Assenza, P. Colzani, and J. Grazzini. 2018. “Does Fiscal Policy Matter? Tax, Transfer and Spend in a Macro ABM with Capital and Credit”, Industrial and Corporate Change, 27 (6): 1069-1090.
• Delli Gatti, D., and M. Gallegati. 2018. “Macrofinancial imbalances in historical perspective: A global crisis index”, Journal of Economic Dynamics and Control, 91 (1): 190-205.
• Nielsen, C. 2018. “Rational Overconfidence and Social Security: Subjective Beliefs, Objective Welfare”, Economic Theory, 65: 179-229.
• Assenza, T., W. A. Brock, and C. H. Hommes. 2017. “Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts”, Economic Inquiry, 55 (1): 542-564
• Delli Gatti, D., I. Aldasoro, and E. Faia. 2017. “Bank Networks: Contagion, systemic risk and prudential policy”, Journal of Economic Behaviour and Organization, 142: 164-188.
• Femminis, G. 2016. “Money Growth, Dynamic Efficiency and Asset Bubbles in a Perpetual Youth Model”, Economic Letters, 138: 68-71.
• Assenza, T., J. Grazzini, C.H. Hommes and D. Massaro. 2015. “PQ Strategies in Monopolistic Competition: Some Insights from the Lab”, Journal of Economic Dynamics and Control, 50: 62-77.
• Assenza, T., D. Delli Gatti and J. Grazzini. 2015. “Emergent Dynamics of a Macroeconomic Agent Based Model with Capital and Credit”, Journal of Economic Dynamics and Control, 50: 5-28.
• Delli Gatti, D. 2015. “Monetary Policy Experiments in an Agent Based Model with Financial Frictions”, Journal of Economic Interaction and Coordination, 10 (2): 265-286.
• Colombo, L., and G. Femminis. 2014. “Optimal Policy Intervention, Constrained Obfuscation and the Social Value of Public Information”, Economics Letters, 123: 224-226.
• Assenza, T., D. Delli Gatti, M. Anufriev, C. Hommes, and D. Massaro. 2013. "E pluribus unum: Macroeconomic modelling for multi-agent economies", Journal of Economic Dynamics and Control, 37, 1659-1682.
• Assenza, T., and D. Delli Gatti. 2013. "Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations", Macroeconomic Dynamics, 17 (8), 1574-1604.