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Simone Alberto Distefano

Economist & Aspiring Macroeconomist
Macroeconomics • Monetary Economics • Forecasting • Bayesian Econometrics
Simone Alberto Distefano
"Complex systems often hide surprisingly simple mechanisms. My research aims to uncover them."
01 / Profile

About Me

I am an aspiring macroeconomist with a strong interest in monetary economics and forecasting-nowcasting. My long-term goal is to pursue a PhD in Macroeconomics and build an academic career focused on research and policy-relevant economic analysis.

To strengthen both my theoretical and quantitative background, I deliberately chose to pursue two master's degrees. After graduating with highest honours from the University of Catania, I enrolled in the Master's in Economics and Finance at the Barcelona School of Economics, where I specialized in macroeconomics, forecasting, econometrics and advanced graduate-level quantitative methods.

Throughout my academic journey, I have consistently sought intellectually challenging opportunities—from advanced graduate coursework to research collaborations and independent projects combining economic theory, econometrics and computational methods.

Outside formal coursework, I genuinely enjoy reading economics, following debates within the profession and exploring new research questions. For me, economics is not simply a field of study, but a way of understanding how complex societies function and how better policies can improve people's lives.

Why Macroeconomics?

I have always been fascinated by complex systems. Macroeconomies are among the most complex systems we observe: millions of heterogeneous agents interact simultaneously, information is imperfect, expectations constantly evolve, and yet remarkably regular patterns emerge.

What fascinates me is precisely this tension between complexity and simplicity. Behind apparently chaotic economic fluctuations there are often elegant mechanisms waiting to be understood. My research aims to uncover those mechanisms by combining rigorous economic theory, quantitative modelling and modern econometric methods.

I enjoy moving continuously between theory and data: from deriving equilibrium conditions in dynamic macroeconomic models to estimating empirical relationships and building forecasting models capable of answering real-world policy questions.

Ultimately, I believe economics is not simply about prediction. It is about understanding complexity.

What Fascinates Me

Instead of simply listing research interests, I would like to explain the questions that motivate my work. I enjoy asking questions such as:

  • Why does inflation persist?
  • How do expectations shape macroeconomic dynamics?
  • How can fiscal and monetary shocks be identified?
  • Why do similar policy interventions generate different outcomes across countries?
  • How should complex macroeconomic systems be modelled?
  • How can economic theory and empirical evidence improve public policy?
02 / Fields

Research Interests

Macroeconomics

Business Cycles
Inflation Dynamics
Fiscal Policy
Monetary Policy
Expectations

Macroeconomic Theory

New Keynesian Models
DSGE Models
HANK Models
Dynamic Optimization

Econometrics

Bayesian Econometrics
Forecasting
Nowcasting
Time Series
State-Space Models
Local Projections
Structural VARs

Computational Economics

MATLAB
Python
R
Julia
Quarto
Git
03 / Works

Research Projects

Beyond the New Keynesian Channel

Barcelona School of Economics
Fiscal Shocks and Inflation in the Euro Area
Supervisors: Isaac Baley, Victoria Vanasco

A research project investigating fiscal and monetary policy transmission, heterogeneous-agent models and inflation dynamics.

Tax Evasion Dynamics

University of Catania
Evolutionary Game Theory and Optimal Control
Supervisors: Fabio Lamantia, Alessio Biondo

Development of a nonlinear dynamic model of tax compliance combining evolutionary game theory, optimal control and computational economics.

Bank of Italy Research Collaboration

Monetary Policy Directorate
Supervision: Luigi Palumbo

Development of experimental HICP nowcasting methods using web-scraped hotel prices, Time Product Dummy indices, Python, Quarto and reproducible research workflows.

Additional Research Projects

Dynamic Factor Models
Forecasting US Private Demand
Forecasting Equity-Bond Return Differentials
Bayesian VAR
Structural VAR
Local Projections
Machine Learning
HANK Models
International Macro-Finance
Real Business Cycle Models
04 / Background

Professional Experience

Academic Role

Teaching Assistant

Institutional Role

Bank of Italy Research Collaboration

05 / Trajectory

Education

Barcelona School of Economics

Master in Economics and Finance

Advanced graduate training in advanced macroeconomics, forecasting, nowcasting, advanced econometrics and 3 MRes/PhD-level courses.

University of Catania

Master in Economics

Focused on econometrics and quantitative methods.

University of Catania

Bachelor in Economics

06 / Recognition

Selected Achievements

Academic Honors

  • European Central Bank – Reserve List Candidate (Forecasting and Policy Modelling)
  • London School of Economics – Offer of Admission
  • Young America Award
  • Academic Merit Award

What Others Say (ECB Evaluation)

The ECB selection process highlighted strengths in:

  • Quantitative Analysis
  • Economic Reasoning
  • Analytical Thinking
  • Data Processing
  • Motivation for Public Policy
  • Knowledge Transfer
  • Stakeholder Orientation
  • Strong Motivation for Policy Modelling
07 / Endorsements

Academic References

Prof. Luca Fornaro

CREi and PhD, London School of Economics (LSE) Academic Referee

Prof. Michelle Gassibe

CREi and PhD, University of Oxford Academic Referee

Prof. Gabriel Pérez-Quirós

PhD, University of California, San Diego (UC San Diego) Academic Referee

Prof. Piotr Zwiernik

Universitat Pompeu Fabra Academic Referee

Isaac Baley

PhD, New York University (NYU) Thesis Supervisor

Victoria Vanasco

PhD, University of California, Berkeley Thesis Supervisor

Luigi Palumbo

Bank of Italy Working Referee