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Marco Bassetto

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About

Marco Bassetto was a senior economist and research advisor in the economic research department at the Federal Reserve Bank of Chicago.

Bank Publications

Chicago Fed Letter

Fiscal Policy and Price Stability: The Case of Italy, 1992–98
Marco Bassetto | 2006 | No. 233 | December Download

Economic Perspectives

Forecasting Inflation and the Great Recession
Marco Bassetto, Todd Messer, Christine Ostrowski | 2013 | Vol. 37 | 3rd Quarter Download
What Is the Relationship between Large Deficits and Inflation in Industrialized Countries?
Marco Bassetto, R. Andrew Butters | 2010 | Vol. 34 | No. 3 | 3rd Quarter Download
Government Investment and the European Stability and Growth Pact
Marco Bassetto, Vadym Lepetyuk | 2007 | Vol. 31 | 3rd Quarter Download

Working papers

Working Papers

On the Mechanics of Fiscal Inflations
Marco Bassetto, Luca Benzoni, Jason Hall | 2024 | No. 2024-15 | August Download
Forward Guidance: Communication, Commitment, or Both?
Marco Bassetto | 2019 | No. 2019-05 Download
Organizational Equilibrium with Capital
Marco Bassetto, Zhen Huo, José-Victor Rios-Rull | 2018 | No. 2018-20 Download
The Fiscal Theory of the Price Level in a World of Low Interest Rates
Marco Bassetto, Wei Cui | 2017 | No. 2017-25 Download
Is Inflation Default? The Role of Information in Debt Crises
Marco Bassetto, Carlo Galli | 2017 | No. 2017-06 Download
The Interplay Between Financial Conditions and Monetary Policy Shocks
Marco Bassetto, Luca Benzoni, Trevor Serrao | 2016 | No. 2016-11 Download
Credit Crunches and Credit Allocation in a Model of Entrepreneurship
Marco Bassetto, Marco Cagetti, Mariacristina De Nardi | 2013 | No. 2013-06 Download
Fiscal Consequences of Paying Interest on Reserves
Marco Bassetto, Todd Messer | 2013 | No. 2013-04 Download
Speculative Runs on Interest Rate Pegs
The Frictionless Case
Marco Bassetto, Christopher Phelan | 2012 | No. 2012-16 | November Download
On the Relationship between Mobility, Population Growth and Capital Spending in the United States
Marco Bassetto, Leslie McGranahan | 2009 | No. 2009-25 | December Download
Public Investment and Budget Rules for State vs. Local Governments
Marco Bassetto | 2008 | No. 2008-21 | November Download
Tax Riots
Marco Bassetto, Christopher Phelan | 2006 | No. 2006-04 | May Download
Redistribution, Taxes, and the Median Voter
Marco Bassetto, Jess Benhabib | 2006 | No. 2006-02 | January Download
Politics and Efficiency of Separating Capital and Ordinary Government Budgets
Marco Bassetto, Thomas J. Sargent | 2005 | No. 2005-07 Download

Selected External Publications

Acceptances in Academic Journals and Books

Bassetto, Marco, and Carlo Galli, 2019, “Is inflation default? The role of information in debt crises,” American Economic Review, Vol. 109, No. 10, October, pp. 3556–3584. 20191001050000
Bassetto, Marco, and Wei Cui, 2018, “The fiscal theory of the price level in a world of low interest rates,” Journal of Economic Dynamics and Control, Vol. 89, April, pp. 5–22, (accepted December 19, 2017). 20180401050000
Bassetto, Marco, and Christopher Phelan, 2015, “Speculative runs on interest rate pegs,” Journal of Monetary Economics, Vol. 73, July, pp. 99–114. 20150701050000
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