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Leonardo Melosi

Senior Economist

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(312) 322-4758

Leonardo Melosi is a senior economist in the economic research department at the Federal Reserve Bank of Chicago. In that position, Melosi conducts research and analysis on macroeconomics and applied econometrics.

Before joining the Fed as an economist in 2012, he served as an assistant professor at the London Business School. He has also been a visiting scholar at the Northwestern University and Columbia University. He is a Houblon-Norman Fellow at the Bank of England.

Melosi’s research has been published in the American Economic Review, the Review of Economic Studies, the Review of Economics and Statistics, American Economic Journal: Macroeconomics, Journal of Econometrics, International Economic Review and the NBER Macroeconomics Annual.

Melosi received a B.A. in economics from the LUISS University, Rome (Italy), an M.Sc. in international economics from the Graduate Institute of International and Development Studies, Geneva (Switzerland) and an M.A. and a Ph.D. in economics from University of Pennsylvania.

Working Papers
Francesco Bianchi, Leonardo Melosi | 2016 | No. 2016-16 Download
Francesco Bianchi, Leonardo Melosi | 2016 | No. 2016-15 Download
Leonardo Melosi | 2016 | No. 2016-14 Download
Jeffrey R. Campbell, Jonas D. M. Fisher, Alejandro Justiniano, Leonardo Melosi | 2016 | No. 2016-07 Download
Francesco Bianchi, Leonardo Melosi | 2014 | No. 2014-17 | November Download
Francesco Bianchi, Leonardo Melosi | 2014 | No. 2014-16 | November Download
Francesco Bianchi, Leonardo Melosi | 2013 | No. 2013-12 Download
Leonardo Melosi | 2012 | No. 2012-05 | November Download
Journal Articles
Constrained Discretion and Central Bank Transparency

With Francesco Bianchi 
Forthcoming, Review of Economics and Statistics.

Escaping the Great Recession

With Francesco Bianchi 
Forthcoming, American Economic Review.

Signaling Effects of Monetary Policy
Forthcoming, Review of Economic Studies.
Forward Guidance and Macroeconomic Outcomes Since the Financial Crisis
with Jeffrey Campbell, Jonas Fisher and Alejandro Justiniano
Forthcoming, NBER Macroeconomics Annual 2016.
Modeling the Evolution of Expectations and Uncertainty in General Equilibrium
With Francesco Bianchi, 2016, International Economic Review, Vol. 57, No. 2, May, pp. 717–756.
The Natural Rate of Interest and Its Usefulness for Monetary Policy
With Robert Barsky and Alejandro Justiniano , 2014, American Economic Review, Vol. 104, No. 5, May, pp. 37-43.
Estimating Models with Dispersed Information
2014, American Economic Journal: Macroeconomics, Vol. 6, No. 1, pp. 1-31.
Dorman Shocks and Fiscal Virtue
With Francesco Bianchi, 2014, NBER Macroeconomics Annual 2013, Vol. 28, pp. 1-46.
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