Fabio Ghironi

About

Fabio Ghironi is a Paul F. Glaser Professor in the Department of Economics at the University of Washington. He holds a Ph.D. in Economics from the University of California, Berkeley, obtained in 1999, and has earned a Master’s degree in Economics from Bocconi University in Milan in 1994, as well as a Laurea cum Laude in Economic and Social Sciences from Bocconi University in 1993. His fields of interest include International Macroeconomics, Macroeconomics, and Monetary Economics. Ghironi's research focuses on macroeconomic interdependence, international trade, and monetary policy, with notable contributions to understanding the valuation channel of external adjustment, the role of net foreign assets in small open economy models, and the dynamics of trade and macroeconomic heterogeneity. He has advised students and taught courses on monetary economics and advanced macroeconomics, contributing significantly to academic discourse in these areas.

Research topics

• International economics
• Economics
• Political Science
• Monetary economics
• Macroeconomics
• Econometrics

Selected publications

• Protectionism and the business cycle

  Journal of International Economics · 2021 · 92 citations

  Senior authorCorresponding
  PublisherDOI

• Protectionism and the Business Cycle

  National Bureau of Economic Research · 2018-02-01 · 45 citations

  preprintSenior author

  We study the consequences of protectionism for macroeconomic fluctuations. First, using high-frequency trade policy data, we present fresh evidence on the dynamic effects of temporary trade barriers. Estimates from country-level and panel VARs show that protectionism acts as a supply shock, causing output to fall and inflation to rise in the short run. Moreover, protectionism has at best a small positive effect on the trade balance. Second, we build a small open economy model with firm heterogen…

  PublisherDOI

• International Economic Sanctions and Third-Country Effects

  IMF Economic Review · 2024 · 32 citations

  1st authorCorresponding
  PublisherDOI

• Trade, unemployment, and monetary policy

  Journal of International Economics · 2021 · 25 citations

  Senior authorCorresponding
  PublisherDOI

• Interest Rate Uncertainty as a Policy Tool

  National Bureau of Economic Research · 2020-05-01 · 19 citations

  reportOpen access1st authorCorresponding

  We study a novel policy tool-interest rate uncertainty-that can be used to discourage inefficient capital inflows and to adjust the composition of external accounts between short-term securities and foreign direct investment (FDI). We identify the trade-offs faced in navigating between external balance and price stability. The interest rate uncertainty policy discourages short-term inflows mainly through portfolio risk and precautionary saving channels. A markup channel generates net FDI inflows…

  PublisherDOI

Recent grants

• International Trade and Macroeconomic Dynamics with Sanctions

  NSF · $459k · 2023–2026

Frequent coauthors

• Matteo Cacciatore

  HEC Montréal

  382 shared

• Marc J. Melitz

  Centre for Economic Policy Research

  289 shared

• Florin Bilbiie

  University of Cambridge

  208 shared

• Giuseppe Fiori

  Federal Reserve Board of Governors

  164 shared

• Romain Duval

  International Monetary Fund

  122 shared

• Giulia Sestieri

  Banque de France

  69 shared

• Matthieu Bussière

  69 shared

• Giovanni Callegari

  Ente Regionale per i Servizi all'Agricoltura e alle Foreste

  69 shared

Education

• Ph.D., Economics

  University of California Berkeley

  1999

Awards & honors

• 2017-2018 Buechel Scholarship and Conley Fellowship
• Ensley Graduate Fellowship Award (2017-2018)
• NBER Pre-doctoral Fellowship (2017)
• Washington Center for Equitable Growth Grant (2017)

Similar researchers at University of Washington

• John Gewekeh-77
• Stephen Turnovskyh-67
• Xu Tanh-45