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Guido Ascari

Guido Ascari is Professor of Economics at Oxford University and at the University of Pavia, and Fellow in Economics at Somerville College. He holds a Ph.D. in Economics from Warwick University and a Research Doctorate from the University of Pavia.

He is also Research Fellow of the Bank of Finland. Previously, he was Associate Professor (2001-2007) and Lecturer (1999-2001) at the University of Pavia. In 1998-1999, he was Jean Monnet fellow at the European University Institute. His main research interests are: monetary economics, DSGE models of business cycle fluctuations, monetary and fiscal policy interaction, inflation dynamics, and expectations driven fluctuations. He has been Deutsche Bundesbank Foundation guest professor, Freie Universitat Berlin, and he held visiting positions in many academic and Central Bank institutions, such as: Bank of International Settlements, Banque de France, Bundesbank, Federal Reserve Bank of New York. He published his work in Economic Journal, European Economic Review, Journal of Economic Dynamics and Control, Journal of Economic Literature, Journal of Monetary Economics, Journal of Money, Credit and Banking, Review of Economic Dynamics. More details at:

Recent Publications

  • Ascari, G. and A. Sbordone, “The Macroeconomics of Trend Inflation,” The Journal of Economic Literature, 52(3): 679-773, 2014.
  • Ascari, G. and T. Ropele, “Disinflation Effects in a Medium-Scale New Keynesian Model: Money Supply Rule versus Interest Rate Rule,” European Economic Review, 61(C): 77-100, 2013.
  • Ascari, G. and L. Rossi, “Trend Inflation and Firms Price-Setting: Rotemberg vs. Calvo,” The Economic Journal, 122(563): 1115–1141, 2012.
  • Ascari, G. and T. Ropele, “Sacrifice Ratio in a Medium-Scale New Keynesian Model,” The Journal of Money, Credit and Banking, 44(3): 457-467, 2012.
  • Ascari, G. and N. Rankin, “The Effectiveness of Government Debt for Demand Management: Sensitivity to Monetary Policy Rules,” Journal of Economic Dynamics and Control, 37(8): 1544–1566, 2013.










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