Giulia Sestieri
Head of Division, Monetary Policy Research Division
Current Position
Head of the Monetary Policy Research Division, Monetary and Financial Studies Directorate
Previous Position
- Banque de France: Deputy Head of the Monetary Policy Research Division (2018-2021)
- Adviser to the Director General Statistics, Economics and International (2014-2018)
- Head of the International Conjuncture and Forecasting Section, Macroeconomic Analysis and International Syntheses Division (2013-2014)
- PhD Economist, International Macroeconomics Division (2009-2013)
- PhD intern at the European Central Bank (2008-2009)
- PhD intern at the Bank of England (2008-2009)
Diplomas
- PhD in Economics and Finance, Università Tor Vergata, Rome (2010)
- MSc in Economics, Universitat Pompeu Fabra, Barcelona (2005)
- Masters degree in Economics, Università La Sapienza, Rome (2004).
Research Interest
Applied macroeconomics and monetary policy
Contact
- giulia.sestieri@banque-france.fr
- +33 (0)1 42 92 69 22
Academic publications
Articles
- Fed communication on financial stability concerns and monetary policy decisions: Revelations from speeches (2023), with Klodiana Istrefi and F. Odendalh Journal of Banking & Finance, Elsevier, vol. 151(C).
- "Time-varying fiscal spending multipliers in the UK" (2019), with C. Glocker and P. Towbin, Journal of Macroeconomics, 60, pages 180-197.
- "Comments on "A comparison of mixed frequency approaches for nowcasting euro area macroeconomic aggregates" (2014), International Journal of Forecasting, 30(3), pages 569-571.
- "Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-2009" (2013), with M. Bussière, G. Callegari, F. Ghironi and N. Yamano, American Economic Journal: Macroeconomics, American Economic Association, vol. 5(3), pages 118-151, July.
- "Economic shocks reverberate in world of interconnected trade ties" (2013), with M. Bussière and A. Chudik, Economic Letter, Federal Reserve Bank of Dallas, vol. 8 (jul).
- "The Predictive Information Content of External Imbalances for Exchange Rate Returns: How Much Is It Worth?" (2012), with P. Della Corte and L. Sarno, The Review of Economics and Statistics, MIT Press, vol. 94(1), pages 100-115, February.
Working Papers
- "Time-varying fiscal spending multipliers in the UK" (2017), with C. Glocker and P. Towbin, Banque de France Working Paper No. 643.
- "Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-09" (2011), with M. Bussière, G. Callegari, F. Ghironi and N. Yamano, NBER Working Paper No. 17712.
- "Modelling Global Trade Flows: Results from a GVAR Model" (2009), with M. Bussière and A. Chudik, ECB Working Paper No. 1087, September.