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Simone Arrigoni @simonearrigoni.bsky.social · 17/04/2025

What an incredible journey the PhD has been! Yesterday I graduated from @tcddublin.bsky.social and I'm officially Dr. Arrigoni! 🎓☘️ And as this chapter ends, a new one is about to begin. I’m thrilled to share that in September I will join the @banquedefrance-off.bsky.social as a Research Economist!

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Simone Arrigoni @simonearrigoni.bsky.social · 03/03/2025

Fantastic to see @economist.com covering our data and paper, published in The Journal of Economic Inequality (with @taramcindoecalder.bsky.social Laura Boyd)! 🚀 econ.st/41jIFXF The piece examines inheritance's renewed role in wealth, inequality, and marriage choices, among rich countries.

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Simone Arrigoni @simonearrigoni.bsky.social · 03/02/2025

This is such an amazing effort and a public good for macro research! x.com/KarstenMueII... #econsky

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Simone Arrigoni @simonearrigoni.bsky.social · 26/11/2024

Exciting news! I successfully defended my PhD thesis yesterday at @tcdeconomics.bsky.social ☘️🎉 A huge thanks to the viva commission - Mark Spiegel, Paul Scanlon, @fontananicola.bsky.social - for the invaluable feedback + my supervisors A. Bénétrix & @davideromelli.bsky.social , for their guidance!

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Simone Arrigoni @simonearrigoni.bsky.social · 20/11/2024

Model's bottom line: inequality shapes foreign monetary policy spillovers to GDP mainly via the financial channel. Do the data support this? Yes. I study the interaction between inequality and financial openness. Financially closed (open): higher inequality = weaker (stronger) spillovers. 9/11

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Simone Arrigoni @simonearrigoni.bsky.social · 20/11/2024

Bond mkt access within-country: constrained ×, unconstrained ✓. But unconstrained HHs differ btwn countries (home bias, fees,...). I raise foreign bond holding cost for country 3, now representing an EME. This replicates the empirical result for EMEs: higher inequality = weaker spillovers. 8/11

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Simone Arrigoni @simonearrigoni.bsky.social · 20/11/2024

In the baseline scenario (classic spillover), US monetary tightening causes a GDP contraction in foreign countries, a stronger dollar, and reduced exports. As in the empirics, higher inequality (higher proportion of constrained households) amplifies negative spillovers in foreign countries. 7/11

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Simone Arrigoni @simonearrigoni.bsky.social · 20/11/2024

Why? 🔍Theoretical framework Scope: understand what drives the discrepancy of the effects between AEs and EMEs. Open-economy model of Eichenbaum et al. (2021) + household heterogeneity: financially constrained vs unconstrained HHs. Gini generated by income differences between the two HHs. 6/11

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Simone Arrigoni @simonearrigoni.bsky.social · 20/11/2024

🗝️ Results Inequality does influence how foreign GDP responds to a US tightening. GDP contracts 2/3 times more when inequality is higher than average. But... Greater inequality amplifies the negative spillover effects to GDP in AEs, while it mitigates them in EMEs. 5/11

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Simone Arrigoni @simonearrigoni.bsky.social · 20/11/2024

📢I'm on the #EconJobMarket! My #EconJMP studies how inequality in foreign economies shapes the effects of Fed's tightening on their GDP. Spoiler: higher ineq = larger (smaller) GDP drop in AEs (EMEs). Mainly via financial channel. 👉 tinyurl.com/4e2y9598 🌐 simone-arrigoni.com #EconSky Thread👇1/11

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Simone Arrigoni @simonearrigoni.bsky.social · 17/11/2024

Post a picture you took (no description) to bring some zen to the timeline

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Simone Arrigoni @simonearrigoni.bsky.social · 27/10/2023

It doesn't get better than a clear blue sky over College today for joining this platform!

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