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Marco Garofalo

@marcogarofalo.bsky.social
105 followers 130 following 41 posts

Assistant Professor of Finance @umsbe Ex-@bankofengland PhD @OxfordEconDept ⚽️ Long-suffering AS Roma fan 🇮🇹🇳🇱🇪🇺🇬🇧 sites.google.com/view/marco-garofal…

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Reposted by Marco Garofalo
Katja Bego @katjabego.bsky.social · 25/09/2026
Today’s the day! 🥳
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Reposted by Marco Garofalo
Katja Bego @katjabego.bsky.social · 26/08/2026
🚨 Just one month to go until the release of my book “Deep Connections: the Hidden Battles to Control Subsea Cables”! Pre-order here: www.politybooks.com/bookdetail?b...
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Marco Garofalo @marcogarofalo.bsky.social · 02/12/2025
🚨New Paper🚨 I study how US monetary policy shocks affect non-US firms depending on their carbon emissions: brown firms experience higher bond spreads, lower equity prices and investment. ➡️🟩/🟫 economies more/less resilient t.co/fWb4VLpha1 🧵[1/18] #EconSky
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Marco Garofalo @marcogarofalo.bsky.social · 23/10/2025
Given today’s news on US sanctions, thought to repost this 👇🏻 New improved draft coming soon!
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Marco Garofalo @marcogarofalo.bsky.social · 21/06/2025
Phenomenal #NBUNBPconference25 at National Bank of Ukraine. Presented our work on financial sanctions and USD dominance, focusing on how post-2014 international lending to Russia de-dollarized ($⬇) in favour of a euroization (€⬆️) events.bank.gov.ua/ARConference...
events.bank.gov.ua
Research Conference 2025
Research Conference NBU
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Reposted by Marco Garofalo
Katja Bego @katjabego.bsky.social · 09/06/2025
On increasing the NATO spending norm to 5%: “Spending more is not about pleasing an audience of one, it is about protection a billion people.” Mark Rutte at @chathamhouse.org
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Reposted by Marco Garofalo
Chatham House @chathamhouse.org · 06/06/2025
Ukraine’s Operation Spider’s Web will enter the history books as one of the most remarkable and best-executed covert operations of the war, writes @katjabego.bsky.social.
chathamhouse.org
Ukraine’s Operation Spider’s Web is a game-changer for modern drone warfare. NATO should pay attention
The use of cheap drones to strike targets deep within Russia provides a blueprint for rapidly evolving modern warfare that should inform how states seek to defend themselves.
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Reposted by Marco Garofalo
Daniel McDowell @danielmcdowell.bsky.social · 15/04/2025
Fascinating new work linking financial sanctions to the dollar's use in Russia.
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Reposted by Marco Garofalo
Marco Garofalo @marcogarofalo.bsky.social · 15/04/2025
📣📣📣 New paper out 📣📣📣 With Giovanni Rosso and Roger Vicquery, we study the interplay between financial sanctions and dollar dominance focusing on how post-2014 international lending to Russia de-dollarized ($⬇) in favour of a euroization (€⬆️) ora.ox.ac.uk/objects/uuid... 🧵👇[1/10] #EconSky
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Marco Garofalo @marcogarofalo.bsky.social · 15/04/2025
📣📣📣 New paper out 📣📣📣 With Giovanni Rosso and Roger Vicquery, we study the interplay between financial sanctions and dollar dominance focusing on how post-2014 international lending to Russia de-dollarized ($⬇) in favour of a euroization (€⬆️) ora.ox.ac.uk/objects/uuid... 🧵👇[1/10] #EconSky
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Marco Garofalo @marcogarofalo.bsky.social · 07/04/2025
Fantastic 10th Annual West Coast Workshop in International Finance at Santa Clara last Friday. Huge thanks to Vito Cormun, Helen Popper, @sanjaysingh.bsky.social and all organisers! Top research by colleagues and great to share the latest version of our paper on UK export dollarization post-Brexit.
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Reposted by Marco Garofalo
Thomas Sampson @thomsampson.bsky.social · 07/04/2025
Interested in how trade barriers affect firms? New @voxeu.org column on our research on firm-level effects of Brexit on UK goods trade Leaving single market and customs union reduced UK exports and imports Smaller firms hardest hit: around 16,400 firms stopped exporting to EU because of TCA
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Reposted by Marco Garofalo
VoxEU @ CEPR @voxeu.org · 07/04/2025
Dismantling deep integration has consequences for #trade. Brexit reduced worldwide UK #exports by 6.4% and worldwide #imports by at least 3.1%. Smaller firms suffered larger declines than large firms. @marcogarofalo.bsky.social @thomsampson.bsky.social et al cepr.org/voxeu/column... #EconSky
Graphs of the estimated changes in firm trade with EU versus rest of the world following Brexit by firm size quintile. Smaller firms experienced a larger impact than large firms.

How does dismantling deep integration affect international trade? This column uses firm-level customs data to study the impact of Brexit on UK goods trade. The authors find that in the short term, exit from the Single Market and Customs Union reduced worldwide UK exports by 6.4% and worldwide imports by at least 3.1%. Importers partly compensated for lower EU imports by sourcing more from outside the EU, while exports to non-EU countries were unaffected. Moreover, smaller firms suffered larger declines in trade with the EU, whereas the largest firms did not experience a fall in exports.
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Reposted by Marco Garofalo
Sanjay R. Singh @sanjaysingh.bsky.social · 02/04/2025
We are looking forward to the 10th Annual West Coast Workshop in International Finance at Santa Clara University this Friday. Program can be found here: sanjayrajsingh.github.io/CFP/Agenda_W...
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Marco Garofalo @marcogarofalo.bsky.social · 12/03/2025
Really great to see our research on the impact of Brexit on UK trade featured in today’s @adamtooze.bsky.social Chartbook.
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Marco Garofalo @marcogarofalo.bsky.social · 12/03/2025
Really great to see our research on the impact of Brexit on UK trade featured in today’s @adamtooze.bsky.social Chartbook.
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Reposted by Marco Garofalo
Chatham House @chathamhouse.org · 25/02/2025
"Russia's pushing of the envelope when it comes to these hybrid attacks means that the Kremlin is playing with fire." Senior Research Fellow @katjabego.bsky.social joins the @wsj.com to discuss the allegations of sabotage in the Baltic Sea and Moscow’s hybrid war with NATO.
wsj.com
Europe’s Undersea Cable-Cutting Mystery, Explained
WSJ unpacks the allegations of sabotage that have turned the Baltic Sea into the focal point of Moscow’s hybrid war with NATO.
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Reposted by Marco Garofalo
Centre for Economic Performance @cep-lse.bsky.social · 19/02/2025
Sneak peek at CentrePiece – out tomorrow! Featuring: Remembering Daniel Kahneman, China’s solar power and EU firms, women inventors, online doctors, the UK car industry, AI survey interviews, capping rental fees, Brexit and UK firms.
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Marco Garofalo @marcogarofalo.bsky.social · 29/01/2025
🚨 Only two weeks left to submit to the Joint BIS, BoE, ECB and IMF Spillover Conference 2025! Topic: “Policy challenges in a fragmenting world: Global trade, exchange rates, and capital flows”. Deadline: Feb 16th www.bankofengland.co.uk/-/media/boe/...
bankofengland.co.uk
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Marco Garofalo @marcogarofalo.bsky.social · 19/12/2024
My first coverage in Dutch! Bedankt @nu.nl voor deze goede samenvatting van ons nieuwe onderzoek over de impact van Brexit op Internationale handel Hier de link: www.nu.nl/economie/633... En ons paper: cep.lse.ac.uk/_NEW/PUBLICA...
nu.nl
Brexit raakte Britse handel in eerste twee jaar toch niet zo hard als verwacht
Het Britse bedrijfsleven blijkt beter bestand te zijn tegen de gevolgen van de Brexit dan voorspeld, blijkt uit nieuw onderzoek. Onder de slachtoffers van de breuk zitten vooral kleinere exportbedrijv...
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Reposted by Marco Garofalo
Thomas Sampson @thomsampson.bsky.social · 18/12/2024
Interested in our new @cep-lse.bsky.social research on Brexit and trade, but don't have time to read the full paper? Don't worry, here's a @ukandeu.bsky.social blog summarising the key findings ukandeu.ac.uk/deep-integra...
ukandeu.ac.uk
Deep Integration and Trade: UK Firms in the Wake of Brexit - UK in a changing Europe
A new LSE study explores how much impact Brexit has had on UK trade and the effect on both small and large firms
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Reposted by Marco Garofalo
Centre for Economic Performance @cep-lse.bsky.social · 18/12/2024
New! Brexit has reduced goods exports by £27bn – with smaller firms most affected Rebecca Freeman, @marcogarofalo.bsky.social Enrico Longoni , Kalina Manova, Rebecca Mari, Thomas Prayer, @thomsampson.bsky.social Read: cep.lse.ac.uk/pubs/d...
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Marco Garofalo @marcogarofalo.bsky.social · 19/10/2024
Brilliant ESCB Research Cluster 2 workshop this week at Banca d’Italia. Great to meet colleagues and hear about their exciting research! Also had the chance to present the new version of our paper on the dollarization of UK exports after Brexit. (Old version 👇🏻; new coming soon 😉)
bankofengland.co.uk
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Reposted by Marco Garofalo
Katja Bego @katjabego.bsky.social · 27/08/2024
🚨We're hiring! Do you work on topics at the intersection of technology, cyber, geopolitics and security? Join Chatham House as a research fellow! An incredibly exciting role in a great team. Deadline: rolling - end of September. careers.chathamhouse.org/jobs/4877821...
t.co
https://careers.chathamhouse.org/jobs/4877821-research-fellow-cyber-policy-security?utm_campaign=jobs-widget&utm_source=careers.chathamhouse.org&utm_content=jobs&utm_medium=web
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