iiinova — where your digital self keeps evolving

Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · 04/07/2026

As a native of Veneto, I’m fascinated by how America’s founding fathers took cues from the Republic of Venice — both as an inspiration for checks and balances, and as a cautionary tale against turning into an oligarchy. Still relevant today in #America250? historywalksvenice.com/article/the-...

historywalksvenice.com

The United States of America and the Republic of Venice - History Walks in Venice

The founding fathers of the United States of America sought inspiration, and looked to Venice, the oldest of only two republics in Europe in the 1700s.

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Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · 02/07/2026

Honoured to see that my work has recently been cited by FRB Vice Chair for Supervision M. W. Bowman in her keynote address at the Reykjavík Economic Conference. www.federalreserve.gov/newsevents/s...

federalreserve.gov

Speech by Vice Chair for Supervision Bowman on monetary policy

Good afternoon. I would like to thank Governor Jónsson for the invitation to take part in the Central Bank of Iceland's Reykjavík Economic Confer

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Reposted by Nicolò Gnocato 🇺🇦🇪🇺

VoxEU @ CEPR @voxeu.org · 25/06/2026

Nicolò Gnocato compares EU regional and global energy shocks' impact on the bloc and finds that while the regional shock still allows firms and consumers to substitute towards cheaper foreign goods and inputs, the global shock closes off this escape route. cepr.org/voxeu/column... #EconSky

Effects of global versus regional energy shocks: Impact on EU GDP. Simulations based on a multi-country multi-sector DSGE model with production linkages and trade. The regional energy shock arises from trade frictions on EU imports of oil and gas from the RoW; the global shock from a decline in productivity in the RoW oil and gas sector. The shocks are both scaled to imply a 10 per cent rise in the EU energy price on impact, with a half-life of eight quarters.

Not all energy shocks are alike. This column uses a multi-country, multi-sector DSGE model with production networks and trade linkages to compare a Europe-centric regional energy shock — akin to the 2022 Russian gas crisis — with a broader global energy shock like the current Strait of Hormuz disruption. The global shock worsens the EU's terms of trade more severely and triggers exchange rate depreciation rather than the appreciation seen under a regional shock. Crucially, while the regional shock still allows firms and consumers to substitute towards cheaper foreign goods and inputs, the global shock closes off this escape route — amplifying both the GDP contraction and the indirect inflationary effects through global supply chains.

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Reposted by Nicolò Gnocato 🇺🇦🇪🇺

European Central Bank @ecb.europa.eu · 12/05/2026

Imports from China: help or hindrance for Europe? When they’re mainly intermediate goods, this can reduce costs and support domestic production. But cheap Chinese final goods can displace demand for EU products. Read more in our #EconomicBulletin www.ecb.europa.eu/press/econom...

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Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · 29/03/2026

⚠️ Updated version of our paper on “Tariffs across the supply chain” with expanded intuition/explanation of the mechanisms in the (nested) simplified version of the full quantitative model 👇 1/6

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Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · 20/03/2026

How should central banks react if disruptions in energy markets persist and unemployment rises? Some insight from my paper written in the context of the previous, recent surge in energy prices👇 1/7 ⚠️ Personal views, not necessarily those of the ECB or the Eurosystem

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Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · 07/08/2025

Heartfelt thanks to @faculti.bsky.social for this nice opportunity to showcase the results from my paper! www.sciencedirect.com/science/arti... *Usual disclaimer: views/opinions are my own, not those of the @ecb.europa.eu or Banca d’Italia*

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Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · 30/07/2025

Want to avoid ripple effects on inflation and GDP from tariffs (and retaliation)? Exempt intermediate inputs. Check out our Working Paper (joint with C. Montes-Galdon and G. Stamato)! 🧵1/6

ecb.europa.eu

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Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · 30/06/2025

Glad and honored to have been part of the ECB’s 2025 monetary policy strategy assessment. My (little) contribution is based on the results from my recently published JME paper. 📄 workstream report: www.ecb.europa.eu/pub/pdf/scpo... 📄 paper: www.sciencedirect.com/science/arti...

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Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · 30/05/2025

Want to avoid ripple effects from tariffs (and retaliation)? Put them on final goods and exempt intermediate inputs. Check out our column on @voxeu.org (based on a work-in-progress paper)!👇 1/2

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Reposted by Nicolò Gnocato 🇺🇦🇪🇺

Stanley Pignal @spignal.bsky.social · 10/04/2025

The thing about Europe: it's the actual land of the free now. Whatever problems Europe has - and it has plenty - it is looking pretty damn good by comparison these days. My Charlemagne this week www.economist.com/europe/2025/...

economist.com

The thing about Europe: it’s the actual land of the free now

Europe’s very real problems don’t look so bad by comparison

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Reposted by Nicolò Gnocato 🇺🇦🇪🇺

Matt Pearce @mattdpearce.com · 03/04/2025

elder millennial here. just checking in for my annual “unprecedented times”

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Reposted by Nicolò Gnocato 🇺🇦🇪🇺

Yuriy Gorodnichenko @ygorodnichenko.bsky.social · 20/02/2025

Hey #EconSky Economists for Ukraine (econ4ua.org) drafted an open letter to the future German chancellor. We call for 🇩🇪 & 🇪🇺 to step up & to ⬆️ support for #Ukraine. Please read & sign (if you agree), the form is at the end of ✉️): tinyurl.com/m9ta2b5d Please share this letter with your colleagues.

tinyurl.com

To: The future German chancellor

To: The future German chancellor From: Economists For Ukraine. Dear Chancellor, Congratulations on taking the helm of the Federal Republic of Germany! You are in a perfect storm, and Germany mus...

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Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · 13/01/2025

Overjoyed to see my article in press at the Journal of Monetary Economics! 🎉 Here’s the paper: doi.org/10.1016/j.jm... And here’s a summary thread from the earlier (working paper) version: bsky.app/profile/nico... A few additional thoughts and some thanks 1/5

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Reposted by Nicolò Gnocato 🇺🇦🇪🇺

Neil Renic @ncrenic.bsky.social · 08/12/2024

Home Alone is a magical snapshot of a time when people could afford houses

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Reposted by Nicolò Gnocato 🇺🇦🇪🇺

Journal of Public Economics @jpube.bsky.social · 27/11/2024

We've created a starter pack for all of the economics journals on Bluesky. Please nominate other journals to join the list. go.bsky.app/4kR21vX

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Reposted by Nicolò Gnocato 🇺🇦🇪🇺

Christian Zimmermann @czimm-economist.bsky.social · 18/11/2024

You can now list your Bluesky account in your RePEc profile, like you already could for Mastodon and Twitter. Log in at the RePEc Author Service, click on "contacts", enter it and save. It will be listed on your profile at IDEAS after the next nightly refresh. authors.repec.org #econsky #RePEc

authors.repec.org

RePEc Author Service

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Nicolò Gnocato 🇺🇦🇪🇺 @nicognocato.bsky.social · 18/03/2024

📣 My work “Energy Price Shocks, Unemployment, and Monetary Policy“ is now out as a Bank of Italy Working Paper! Time for a 🧵(link below) Key question: have central banks been too aggressive or too accommodative towards (core) inflation amidst the recent energy shock? 1/9

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