Riccardo DiCecio
Economic Policy Advisor and Special Assistant to the President
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Research Interests
empirical macroeconomics and time series econometricsSelected Work
“Externalities, Endogenous Productivity, and Poverty Traps”
with Levon Barseghyan
European Economic Review, June 2016, Vol. 85, pp. 112-126
Related working paper (PDF)
“A Flexible Finite-Horizon Alternative To Long-run Restrictions With An Application To Technology Shocks”
with Neville Francis, Michael T. Owyang, and Jennifer E. Roush
Review of Economics and Statistics, October 2014, Vol. 96, No. 4, pp. 638–647
Related working paper (PDF)
“Cross-country Income Convergence Revisited”
with Levon Barseghyan
Economics Letters, December 2011, Vol. 3, No. 113, pp. 244-7
Related working paper (PDF)
“Entry Costs, Industry Structure, and Cross-Country Income and TFP Differences”
with Levon Barseghyan
Journal of Economic Theory, September 2011, Vol. 146, No. 5, pp. 1828-51
Related working paper (PDF)
“Sticky Wages and Sectoral Labor Comovement”
Journal of Economic Dynamics & Control, March 2009, Vol. 33, No. 3, pp. 538-53
Related working paper (PDF)
“Institutional Causes of Output Volatility”
with Levon Barseghyan
Federal Reserve Bank of St. Louis Review, May/June 2010
“Recent Changes in Labor Force Participation: Trend or Cycle?”
with Charles S. Gascon
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 16
“Why Income Per Worker Differs Worldwide”
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 7
“Shortcomings of and Improvements to Measures of Income across Countries”
with Julieta Caunedo
Federal Reserve Bank of St. Louis The Regional Economist, Fourth Quarter 2010, Vol. 18, No. 4
“Income Differences around the Globe Go Beyond Physical, Human Capital”
Federal Reserve Bank of St. Louis The Regional Economist, Second Quarter 2010, Vol. 18, No. 2
“Supply Shocks, Demand Shocks, and Labor Market Fluctuations”
with Helge Braun and Reinout De Bock
Federal Reserve Bank of St. Louis Review, May/June 2009
“Vacancies and Unemployment”
with Charles S. Gascon
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 44
“Household Retrenchment”
with Charles S. Gascon
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 17
https://doi.org/10.20955/es.2009.17
“Changing Trends in the Labor Force: A Survey”
with Kristie M. Engemann, Michael T. Owyang, and Christopher H. Wheeler
Federal Reserve Bank of St. Louis Review, January/February 2008
“Predicting Consumption: A Lesson in Real-Time Data”
with Charles S. Gascon
Federal Reserve Bank of St. Louis Economic Synopses, 2008, No. 28
“An Estimated DSGE Model for the United Kingdom”
with Edward Nelson
Federal Reserve Bank of St. Louis Review, July/August 2007
“Optimal Monetary Policy for the Masses” (PDF)
with James Bullard
Federal Reserve Bank of St. Louis Working Paper 2019-009E, July 2023
“Identifying Technology Shocks in the Frequency Domain” (PDF)
with Michael T. Owyang
Federal Reserve Bank of St. Louis Working Paper 2010-025A, August 2010
“Aggregate Shocks and Labor Market Fluctuations” (PDF)
with Helge Braun and Reinout De Bock
Federal Reserve Bank of St. Louis Working Paper 2006-004A, January 2006
“Heterogeneous Firms, Productivity, and Poverty Traps” (PDF)
with Levon Barseghyan
Federal Reserve Bank of St. Louis Working Paper 2005-068B, October 2005
Riccardo DiCecio is an economic policy advisor and special assistant to the Bank president at the Federal Reserve Bank of St. Louis, which he joined in August 2004. His main areas of research interest are empirical macroeconomics and time series econometrics. He received his Ph.D. and master’s degree in economics from Northwestern University in 2004 and 2000, respectively, and a master’s degree in economics from Universitá Commerciale L. Bocconi Milan, Italy, in 1997.
In his position as a special assistant, he advises the president in his monetary policymaker role and provides the president with research support in preparing speeches and presentations. He has published papers in Review of Economics and Statistics, Journal of Economic Theory, Journal of Economic Dynamics and Control, European Economic Review, and Journal of Money, Credit, and Banking, among others. He has been serving as an associate editor for the Journal of Economic Dynamics and Control since 2013.
