Professor Efrem Castelnuovo joined the Melbourne Institute of Applied Economic and Social Research in 2014.
Prior to joining the Melbourne Institute, Efrem has held positions at the University of Padova, and has taught at the Universities of Oxford, Bologna, Brescia, Rome Tor Vergata, and the Halle Institute for Economic Research.
Efrem earned a PhD in Economics from the Bocconi University (2004). He has been Associated Editor of the Journal of Applied Econometrics since 2013, Associate Editor of the Journal of Macroeconomics since 2016, and Policy Forum Editor of the Australian Economic Review since 2017.
His research agenda centres on the role of nonlinearities for the transmission of structural shocks, the identification of common factors across countries, and the empirical validation of structural DSGE models. He has published his research in a number of international journals, including the Journal of Monetary Economics, Journal of Money, Credit and Banking, Economic Journal, Journal of Applied Econometrics, Journal of Economic Dynamics and Control, Oxford Bulletin of Economics and Statistics, Macroeconomic Dynamics, Journal of International Money and Finance, and Economics Letters.
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Policy Forum: Macroeconomic Policies and the Business Cycle: Evidence and Recommendations
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Economic Policy Uncertainty Spillovers in Booms and Busts
Giovanni Caggiano, Efrem Castelnuovo, Juan Manuel Figueres
Journal article | 2020 | Oxford Bulletin of Economics and Statistics
We estimate a nonlinear VAR to quantify the impact of US economic policy uncertainty shocks on the Canadian unemployment rate in b..
What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers
Efrem Castelnuovo, Guay Lim
Journal article | 2019 | Australian Economic Review
This article discusses recent research on the macroeconomic effects of fiscal policy—the theme of the 2018 edition of the Melbourn..
Introduction to the Policy Forum: Macroeconomic Consequences of Macroprudential Policies
E Castelnuovo, G Lim, T ROBINSON
Journal article | 2016 | The Australian Economic Review
This policy forum summarises the proceedings of the 2015 Melbourne Institute Macroeconomic Policy Meeting, which took place at the..
Policy rules, regime switches, and trend inflation: An empirical investigation for the United States
E Castelnuovo, L Greco, D Raggi
Journal article | 2014 | Macroeconomic Dynamics
This paper estimates Taylor rules featuring instabilities in policy parameters and switches in policy shocks’ volatility for the p..
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Academic Teaching And Research
PhD in Economics
MSc in Economics
Pompeu Fabra University
Laurea in Economics
University of Bergamo