Federica gained her PhD in Economics from LUISS Guido Carli in 2014 and subsequently she was a Max Weber/Jean Monnet fellow at the European University Institute. In September 2015 she joined the Department of Economics at the Stockholm School of Economics as Assistant Professor. In 2016, she became Research Affiliate at the Center for Economic Policy Research. Between 2017 and 2018 she was a Visiting Scholar at the Banco de España. In September 2020 she joined the University of Oxford, where she is a Tutorial Fellow at Hertford College and Associate Professor in Economics at the Department of Economics.
Federica teaches undergraduate tutorials in macroeconomics.
Federica’s primary fields of research are in monetary economics and international economics. Her research touches upon many topics. First, she analyses what are optimal policies when the central bank is constrained in its conduct by the presence of the zero-lower bound. Second, she studies the global impact of prudential policies that are optimal from the perspective of individual countries. Third, she investigates the interaction between sovereign default risk and the conduct of monetary policy, when borrowers share with their lenders a single currency in a monetary union. Finally, she studies the optimal exchange rate policy in the presence of heterogeneous agents and market incompleteness.
“Household Heterogeneity and the Transmission of Foreign Shocks” (with Sergio de Ferra and Kurt Mitman), Journal of International Economics, Vol. 124, May 2020.
“Dynamic Debt Deleveraging and Optimal Monetary Policy”, (with Pierpaolo Benigno and Gauti Eggertsson), American Economic Journal: Macroeconomics, Vol. 12, No. 2, April 2020.
“The Paradox of Global Thrift” (with Luca Fornaro), American Economic Review, Vol.109, No 11, 3745-3779, November 2019.
“Debt Deleveraging and the Exchange Rate”, (with Pierpaolo Benigno), Journal of International Economics, Vol. 93, pp. 1-16,(2014). Technical Appendix.