research

Home Research Teaching Miscellanea Contact Edoardo Gaffeo
	Publications and On-going Research My research impact (as of December 2021): - h-index: 15 (Scopus), 21 (Google Scholar) - g-index: 47 (Google Scholar) Risk and strategic complementarities: banks behavior, supervision and macroprudential policies, 2021 (with T. Carraro and M. Gallegati). Search for profits and business fluctuations: how does banks' behavior explain cycles?, Journal of Economic Dynamics and Control, 2021, forthcoming (with E. Ciola and M. Gallegati). Endogenous clearinghouse formation in payment networks, Review of Evolutionary Political Economy, 2021, forthcoming (with M. Gallegati and L. Gobbi). Achieving financial stability during a liquidity crisis: a multi-objective approach, Risk Management, 23:48-74, 2021 (with L. Gobbi). How diverse are national banking systems? An analysis on banking business models, profitability and riskiness, Economic Notes, 49:e12156, 2020 (with G. Caterini and L. Gobbi). Liquidity contagion with a "first-in/first-out" seniority of claims, Economics Bulletin, 39:2572-2579, 2019 (with L. Gobbi and M. Molinari). The economics of netting in financial networks, Journal of Economic Interactions and Coordination, 14:595-622, 2019 (with L. Gobbi and M. Molinari). Leverage and evolving heterogeneous beliefs in a simple agent-based financial market, Finance Research Letters, 29:272-279, 2019. "The price is right". Using auction theory to enhance competition in the NPL market, Journal of Banking Regulation, 20:104-112, 2019 (with R. Mazzocchi). A functional perspective on financial networks, Journal of Economic Interactions and Coordination, 13:51-79, 2018 (with M. Molinari). Taxing financial transactions in fundamentally heterogeneous markets, Economic Modelling, 64:322-333, 2017 (with M. Molinari). Macroprudential consolidation policy in interbank networks, Journal of Evolutionary Economics, 26:77-99, 2016 (with M. Molinari). Introduzione all'Economia (2nd Edition). Zanichelli, 2015 (with L. Mittone and R. Tamborini). Bilateral netting and contagion dynamics in financial networks, in Omatu, S., Malluhi, Q, Gonzales, S.. Bocewisz, G., Bucciarelli, G., Giulioni, G. and Iqbal, F. (eds), Distributed Computing and Artificial Intelligence, 12th International Conference, Springer, 2015 (with L. Gobbi). An agent-based "proof of principle" for Walrasian macroeconomic theory, Computational and Mathematical Organization Theory, 21:150-183, 2015 (with M. Gallegati and U. Gostoli). Interbank contagion and resolution procedures: inspecting the mechanism, Quantitative Finance, 15:637-652, 2015 (with M. Molinari). Loss aversion and the asymmetric transmission of monetary policy, Journal of Monetary Economics, 68:19-36, 2014 (with E. Santoro, I. Petrella and D. Pfajfar). At the core of the international financial system, Global Economy Journal, 14:163-188, 2014. On the finance-growth nexus: Additional evidence from Central and Eastern Europe countries, Economic Change and Restructuring, 47:89-115, 2014 (with P. Garalova). Using information markets in grantmaking: an assessment of the issues involved and an application to Italian banking foundations, Il Risparmio Review, 61:71-107, 2013. This paper has won the 4^th International Research on Philanthropy Award. On the mean/variance relationship of the firm size distribution: evidence and some theory, Ecological Complexity, 11:109-117, 2012 (with C. Di Guilmi, M. Gallegati and A. Russo). La magistratura mercantile della Fiera di Bolzano (1635-1851): Un'analisi economic, in Bonoldi, A., Leonardi, A. and Occhi, K. (eds), Interessi e Regole: Operatori e Istituzioni nel Commercio Transalpino in Età Moderna (Secoli XVI-XIX). Il Mulino, 2012 (with L. Andreozzi and M. Faillo). Macroeconomics from the Bottom-Up, Springer, 2011 (with D. Delli Gatti, S. Desiderio, P. Cirillo and M. Gallegati). If the financial system is complex, how can we regulate it?, International Journal of Political Economy, 40: 79-97, 2011 (with R. Tamborini). The psychology of inflation, monetary policy and macroeconomic instability, Journal of Socio-Economics, 40: 660-670, 2011 (with G. Canzian). The distribution of sectoral TFP growth rates: international evidence, Economics Letters, 113:252-255, 2011. Complex agent-based macroeconomics: a manifesto for a new paradigm, Journal of Economic Interaction and Coordination, 5: 111-135, 2010 (with D. Delli Gatti and M. Gallegati). Keynes in the computer laboratory. An agent-based model with MEC, MPC and LP, in Hernandéz, C., Posada M. and Lòpez-Paredes, A. (eds), Artificial Economics. The Generative Methods in Economics. Springer, 2009 (with G. Canzian and R. Tamborini). A look at the relationship between industrial dynamics and aggregate fluctuations, in Faggini, M. and Lux, T. (eds), Coping with the Complexity of Economics. Springer, 2009 (with D. Delli Gatti and M. Gallegati). Business failures, macroeconomic risk and the effect of recessions on long-run growth: a panel cointegration approach, Journal of Economics and Business, 61:435-452, 2009 (with E. Santoro). Adaptive microfoundations for emergent macroeconomics, Eastern Economic Journal, 34:441-463, 2008 (with D. Delli Gatti, S. Desiderio and M. Gallegati). Demand distribution dynamics in creative industries: the market for books in Italy, Information Economics and Policy, 20:257-268, 2008 (with A. Scorcu and L. Vici). Lévy-stable productivity shocks, Macroeconomic Dynamics, 12:425-443, 2008. Getting fiscal policy measures right for the New SGP, in Farina, F. and Tamborini, R. (eds), Macroeconomic Policy in the European Monetary Union. From the Old to the New Stability and Growth Pact. Routdledge, 2008 (with G. Passamani and R. Tamborini). Scaling laws in the macroeconomy, Advances in Complex Systems, 11:131-138, 2008 (with D. Delli Gatti, M. Gallegati, G. Giulioni and A. Palestrini). Emergent Macroeconomics. An Agent-Based Approach to Business Fluctuations, Springer, 2008 (with D. Delli Gatti, M. Gallegati, G. Giulioni and A. Palestrini). Industrial dynamics, fiscal policy and R&D: evidence from a computational experiment, Journal of Economic Behavior and Organization, 64:426-447, 2007 (with A. Russo, M. Catalano, M. Gallegati and M. Napoletano). Reflections on modern macroeconomics: can we travel along a safer road?, Physica A, 382:89-97, 2007 (with M. Catalano, F. Clementi, D. Delli Gatti and M. Gallegati). Complex dynamics and empirical evidence, Information Sciences, 117:1202-1221, 2007 (with D. Delli Gatti, M. Gallegati, A. Kirman, A Palestrini and A. Russo). Ricerca e sviluppo, produttività e crescita economica: un modello con agenti eterogenei interagenti, Sistemi Intelligenti, 18:155-164, 2006 (with M. Catalano, M. Gallegati, M. Napoletano and A. Russo). Financial fragility and scaling distribution in the laboratory, in Namatame, A., Kaizouji, T. and Aruka, Y. (eds), The Complex Networks of Economic Interactions. Springer, 2006 (with G. Devetag, M. Gallegati and G. Giulioni). Firms' size distribution and growth rates as determinants of business fluctuations, in Salzano, M. and Kirman, A. (eds), Economics: Complex Windows. Springer, 2006. Complex dynamics, financial fragility and stylized facts, in Mathieu, P., Beaufils, B. and Brandouy, O. (eds), Artificial Economics. Agent-based Methods in Finance, Game Theory and Their Applications. Springer, 2006 (with D. Delli Gatti, M. Gallegati, G. Giulioni, A. Kirman, A. Palestrini and A. Russo). International evidence on business cycle magnitude dependence: an analysis of 16 industrialized countries, International Journal of Applied Econometrics and Quantitative Studies, 2:1-9, 2005 (with C. Di Guilmi, M. Gallegati and A. Palestrini). Inflation regimes and price setting interactions, International Journal of Theoretical and Applied Finance, 8:339-355, 2005. Commento alla relazione di A. Kirman, in Delli Gatti, D. and Gallegati, M. (eds), Eterogeneità degli Agenti Economici ed Interazione Sociale: Teorie e Verifiche Empiriche. Il Mulino, 2005. A new approach to business fluctuations; heterogeneous interacting agents, scaling laws and financial fragility, Journal of Economic Behavior and Organization, 56:489-512, 2005 (with D. Delli Gatti, C. Di Guilmi, G. Giulioni, M. Gallegati and A. Palestrini). This paper has won the "Elsevier Economics&Finance journals most cited articles 2005-09" Award. The apprentice wizard: monetary policy, complexity and learning, New Mathematics and Natural Computation, 1:109-128, 2005 (with D. Delli Gatti, M. Gallegati and A. Palestrini). Requiem for the unit root in real per capital GDP? Additional evidence from historical data, Empirical Economics, 30:37-63, 2005 (with M. Gallegati and M. Gallegati). Bankruptcy as an exit mechanism for systems witha a variable number of components, Physica A, 334:8-13, 2004 (with D. Delli Gatti, C. Di Guilmi and M. Gallegati). Business cycle fluctuations and firms' size distribution dynamics, Advances in Complex Systems, 7:223-240, 2004. Also in Leombruni, R and M. Richiardi (eds), Industry and Labor Dynamics: The Agent-Based Computational Economics Approach. Singapore, World Scentific Press, 2004 (with D. Delli Gatti, C. Di Guilmi, G. Giulioni, M. Gallegati and A. Palestrini) Empirical results on the size distribution of business cycle phases, Physica A, 333:325-334, 2004 (with C. Di Guilmi and M. Gallegati). Il consumatore ideologo: la soddisfazione degli utenti di organizzazioni del non-profit, in Mellano, M. and Schenkel, M. (eds), Le Imprese del Terzo Tipo: Economia ed Etica del Stettore Non-Profit. Giappichelli, 2004 (with M. Michelutti and M. Schenkel). Informational interaction in coordination games: experimental evidence, Rivista Internazionale di Scienze Sociali, 111:553-547, 2003 (with M. Gallegati). Power law scaling in the world income distribution, Economics Bulletin, Vol.15, no.6, pp.1-7, 2003 (with C. Di Guilmi and M. Gallegati). Power laws and macroeconomic fluctuations, Physica A, 324:408-416, 2003 (with M. Gallegati, G. Giulioni and A. Palestrini). On the size distribution of firms: additional evidence from the G7 countries, Physica A, 324:117-123, 2003 (with M. Gallegati and A. Palestrini). The economics of HIV-AIDS: a review article, Development Policy Review, 21:27-49, 2003. Privatizzazioni ed efficienza, in De Nardis, S. (ed.), Le Privatizzazioni Italiane. Il Mulino, 2000. Comovimenti settoriali e ciclo economico in Italia: 1990-1999, Studi e Note di Economia, 3:149-171, 2000. Un approccio "interattivo" alle teoria del reddito permanente, Rivista di Politica Economica, 77:97-130, 2000. Competition-led endogenous growth with localized technological change, Economics of Innovation and New Technology, 8:225-251, 1999. Tutorial on social interaction economics, in Gallegati, M. and Kirman, A. (eds), Beyond the Representative Agent. E. Elgar, 1999. Multilevel interactions with a Keynesian flavour in a stochastic macroeconomic model, in Gallegati, M. and Kirman, A. (eds), Beyond the Representative Agent. E. Elgar, 1999. Alcuni aspetti analitici dell'economia delle interazioni sociali, Economia Politica, 16:459-505, 1999. A frequency domain analysis of business cycle in Italy: 1866-1996, Rassegna dei Lavori dell'ISCO, 14:33-50, 1997 (with M. Gallegati).