Marco Airaudo, PhD

Marco Airaudo

Areas of Expertise

  • Computational Economics
  • International Economics
  • International Finance
  • Macroeconomics
  • Macroeconomics and Monetary Economics
  • Monetary Economics

Selected Works


Airaudo, Marco, Salvatore, Nistico, and Zanna, Luis-Felipe, Learning, Monetary Policy and Asset Prices (with S. Nistico’ and L.F. Zanna). Journal of Money, Credit, and Banking 47 (Oct 2015): 1273-1307.

Airaudo, Marco, Currency Substitution, Risk Premia and the Taylor Principle. Journal of Economic Dynamics and Control 48 (Nov 2014): 202-217.

Airaudo, Marco, Monetary policy, stock prices and consumption externalities. Economics Letters 120 (Sep 2013): 537-541.

Airaudo, Marco, Monetary policy and asset prices with belief-driven fluctuations (with R. Cardani and K.J. Lansing). Journal of Economic Dynamics and Control 37 (Aug 2013): 1453-1478.

Airaudo, Marco, Monetary policy and stock prices with limited asset market participation. Journal of Macroeconomics 36 (Jun 2013): 1-22.

Airaudo, Marco, Equilibrium Determinacy and Inflation Measures for Interest Rate Rules rules (with L.F. Zanna). Review of Economic Dynamics 15 (Oct 2012): 573-592.

Airaudo, Marco, Interest rate rules, endogenous cycles and chaotic dynamics in open economies (with L.F. Zanna). Journal of Economic Dynamics and Control 36 (Oct 2012): 1566-1584.

Airaudo, Marco, Currency substitution and money demand in Italy: an econometric analysis. Rivista DI Politica Economica (Dec 1999):

Presented Research

Airaudo, Marco, Interest rate rules and endogenous cycles in open economies with nominal rigidities, 11th Workshop on Optimal Control, Dynamic Games and Non-linear Dynamics: Amsterdam, Holland, (May 2010):

Airaudo, Marco, Monetary policy and stock prices with limited asset market participation, Canadian Economics Association 2010: Quebec City, Canada, CA, (May 2010):

Airaudo, Marco, Learning about inflation measures for interest rate rules, Midwest Macroeconomics Meetings 2010: Michigan State University, East Lansing, Michigan, MI, (May 2010):

Airaudo, Marco, Learning, monetary policy and asset prices, University of Adelaide: Adelaide (Australia), (Feb 2009):


BA Economics - Universita’ degli Studi di Torino, Facolta’ di Economia Italy 1997
PhD Economics - University of Pennsylvania Philadelphia, PA USA 2006


2006 Franco Modigliani Research Fellowship (Mediocredito Centrale Bank)
2005-2006 Monetary Policy Design for Monetary Unions (European Commission and CEPR)
2003-2004 LUISS Fellowship in International Economics (LUISS University (Rome))