Giorgio Primiceri
Northwestern University
Third Edition
Sapienza Macro Days
Annual Macroeconomics Workshop
May 21-22, 2026
Sapienza University of Rome
About the Workshop
Sapienza Macro Days is an annual workshop bringing together leading researchers in macroeconomics to present and discuss their research. It is also an occasion to get together the Macro research community in Rome. Now in its third edition, the workshop is jointly organized by the Dipartimento di Economia e Diritto and the Dipartimento di Scienze Sociali ed Economiche at Sapienza University of Rome.
The workshop provides a platform for academic exchange on topics including monetary policy, fiscal policy, household heterogeneity, macroeconometrics, and other frontiers of macroeconomic research.
Speakers
Silvia Miranda Agrippino
University of Oxford
Leonardo Melosi
European University Institute
Alessia Russo
University of Padova
Guido Ascari
University of Pavia & De Nederlandsche Bank
Florin Bilbiie
University of Cambridge
Discussants
Filippo Ferroni
University of Bologna
Massimiliano Tancioni
Sapienza University of Rome
Tiziano Ropele
Banca d'Italia
Andrea Ajello
Federal Reserve Board
Facundo Piguillem
EIEF
Francesco Saverio Gaudio
Sapienza University of Rome
Programme
May 21, 2026 Sala Lauree, Facoltà di Economia, via del Castro Laurenziano 9
13:45
Registration and welcome address
Session 1: Macroeconometrics
Chair: Giuseppe Ragusa (Sapienza University of Rome)
14:00-15:00
"Bayesian Inference in IV Regressions"
Giorgio Primiceri (Northwestern University)
Discussant: Filippo Ferroni (University of Bologna)
15:00-16:00
"Interest Rate Surprises When the Fed Doesn't Speak"
Silvia Miranda Agrippino (University of Oxford)
Discussant: Massimiliano Tancioni (Sapienza University of Rome)
16:00-16:30
Coffee Break
Session 2: Households’ Heterogeneity
Chair: Salvatore Nisticò (Sapienza University of Rome)
16:30-17:30
"Households’ Macroeconomic Beliefs: The Role of Education"
Alessia Russo (University of Padua)
Discussant: Tiziano Ropele (Banca d’Italia)
17:30-18:30
"Supply Shocks in a Heterogeneous-Firm New Keynesian Model: The Entry Multiplier"
Florin Bilbiie (University of Cambridge)
Discussant: Andrea Ajello (FED Board)
20:00
Dinner at "La Limonaia" (invitation only)
May 22, 2026 Sala Lauree, Facoltà di Scienze Politiche, Sociologia, Comunicazione, piazzale Aldo Moro 5
Session 3: Monetary and Fiscal Policy
Chair: Cristiano Cantore (Sapienza University of Rome)
09:30-10:30
3 lightning talks by selected PhD students from Sapienza
10:30-11:00
Coffee Break
11:00-12:00
"The Perils of Narrowing Fiscal Spaces"
Leonardo Melosi (European University Institute)
Discussant: Facundo Piguillem (EIEF)
12:00-13:00
"The Employment Reallocation Effect of Monetary Policy"
Guido Ascari
Discussant: Francesco Saverio Gaudio (Sapienza University of Rome)
Venue
Day 1 — May 21
Facoltà di Economia
Via del Castro Laurenziano 9, Rome
Sala Lauree
Day 2 — May 22
Facoltà di Scienze Politiche
Piazzale Aldo Moro 5, Rome
Sala Lauree