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.
With Francesco Bianchi,
Forthcoming, "Constrained Discretion and Central Bank Transparency," Review of Economics and Statistics.
With Francesco Bianchi, 2017, "Escaping the Great Recession," American Economic Review, Vol. 107, No. 4, pp. 1030-1058.
2017, "Signaling Effects of Monetary Policy," Review of Economic Studies, Vol. 84, No. 2, pp. 853-884.
With Jeffrey Campbell, Jonas Fisher and Alejandro Justiniano, 2017, "Forward Guidance and Macroeconomic Outcomes Since the Financial Crisis," NBER Macroeconomics Annual 2016.
With Francesco Bianchi, 2016, "Modeling the Evolution of Expectations and Uncertainty in General Equilibrium," International Economic Review, Vol. 57, No. 2, May, pp. 717–756.
With Robert Barsky and Alejandro Justiniano, 2014, "The Natural Rate of Interest and Its Usefulness for Monetary Policy," American Economic Review, Vol. 104, No. 5, May, pp. 37-43.
2014, "Estimating Models with Dispersed Information," American Economic Journal: Macroeconomics, Vol. 6, No. 1, pp. 1-31.
With Francesco Bianchi, 2014, "Dormant Shocks and Fiscal Virtue," NBER Macroeconomics Annual 2013, Vol. 28, pp. 1-46.