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Elliott School of
International Affairs

 

Silvia Sgherri

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Silvia Sgherri

Professorial Lecturer

Part-time Faculty

Programs: MA International Economic Policy

Contact:

Silvia is a research scholar and part-time faculty at The George Washington University's Elliott School of International Affairs. From 2000 to 2024, she served in several roles and departments at the International Monetary Fund. She also held research positions at the European Central Bank, De Nederlandsche Bank, and the ESRC Macroeconomic Modelling Bureau. Her interests and publications focus on topics related to international economics and finance, digital finance and financial statecraft, monetary and fiscal policy. Silvia holds a Ph.D. and M.Sc. in economics from the University of Warwick and a Ph.D. in economics and innovation management from the Sant’Anna School of Advanced Studies. 

International economics and finance; digital finance and financial statecraft; monetary and fiscal policy.

  • "Digital Divides, Democratic Deficits: An Empirical Analysis of Digital Inequalities and Democratic Functioning".
  • "Policy Space and Stabilization Policies: Evidence from Emerging Markets' Pandemic Response”.
  • “International Economic Sanctions: A Value-at-Risk Analysis”.

Ph.D. in Economics (University of Warwick)
Doctorate in Economics & Innovation Management (Sant'Anna School of Advanced Studies)
M.Sc. in Economics (University of Warwick)
B.Sc. in Economics (University of Pisa)

IAFF 6198.10

1. “Cryptocurrency as a Marketplace for Capital Flight,” 2024, (with C. Graf von Luckner & R. Koepke), IMF WP 24/133.

2. “One Shock, Many Policy Responses,” 2024, (with R. Mano), Open Economies Review, Volume 35, pages 395–420.

3. “Capital Flows at Risk: Taming the Ebbs and Flows,” 2022, (with G. Gelos, L. Gornicka, R. Koepke, and R. Sahay), Journal of International Economics, Vol. 134, January, 103555.

4. “The Macroeconomic Impact of HIV/AIDS in Botswana,” 2022, (with M. MacFarlan), Journal of Insurance and Financial Management, Vol. 6(4), pp. 1-40.

5. “The IMF’s Role in Greece in the Context of the 2010 Stand-By Arrangement,” 2017 (with C. Wyplosz), in The IMF and the Crises in Greece, Ireland, and Portugal, ed. by M. Schwartz and S. Takagi (International Monetary Fund: Washington, DC).

6. “Regional Financial Spillovers Across Europe: A Global VAR Analysis,” 2013, (with A. Galesi), in The GVAR Handbook, ed. by H. Pesaran and F. di Mauro (Oxford University Press).

7. “Euro Area Sovereign Risk During the Crisis,” 2011, (with E. Zoli), in Sovereign Debt: From Safety to Default, ed. by R.W. Kolb (John Wiley & Sons, Inc.).

8. “Explaining Differences in External Sector Performance among Large Euro Area Countries,” 2010, (with C. Allard, M. Catalan, and L. Everaert), in Exchange Rates, ed. by C. Cottarelli, R. Ghosh, and G.M. Milesi- Ferretti (International Monetary Fund: Washington, DC).

9. “Financial Linkages across European Borders: Dangerous Liaisons or an Unmissable Opportunity?”, 2009, in Volkswirtschaftliche Tagung, 37, pp. 200-204 (Oesterreichische Nationalbank).

10. “The Volatility Costs of Procyclical Lending Standards: An Assessment Using a DSGE Model,” 2009, (with B. Gruss), IMF WP 09/35.

11. “On Impatience and Policy Effectiveness,” 2009, (with T. Bayoumi), IMF WP 09/18.

12. “Implicit and Explicit Targets in Small Open Economies,” 2008, Applied Economics, 40, pp. 1-13.

13. “(Un)naturally Low? Sequential Monte Carlo Tracking of the US Natural Interest Rate,” 2007, (with M.J. Lombardi), ECB WPS 07/294, European Central Bank.

14. “Mr. Ricardo's Great Adventure: Estimating Fiscal Multipliers in a Truly Intertemporal Model,” 2006, (with T. Bayoumi), CEPR DP 5386. Also available as IMF Working Paper 06/168.

15. “Long-run Productivity Shifts and Cyclical Fluctuations: Evidence for Italy,” 2005, IMF WP 05/228.

16. “Monetary Magic? How the Fed Improved the Flexibility of the U.S. Economy,” 2004, (with T. Bayoumi), CEPR DP 4696, Center for Economic and Policy Research. Also available as IMF Working Paper 04/024.

17. “Deconstructing the Art of Central Banking,” 2004, (with T. Bayoumi), CEPR DP 4675, CEPR. Also available as IMF Working Paper 04/195.

18. “The Fiscal Dimension of a Common Monetary Policy: Results with a non-Ricardian Global Model,” 2002, The European Journal of Finance, 8, pp. 449-479.

19. “Comparative Properties of Models of the UK Economy” 2000, (with K. Church, J. Sault, and K.F. Wallis), National Institute Economic Review, 171, pp. 106-122.

20. “When is Labour Market Flexibility Welcome? More on Asymmetric Policy Impacts in Europe,” 2000, Research Memorandum 619, De Nederlandsche Bank.

21. “Monetary Transmission Channels, Monetary Regimes, and Consumption Behaviour,” 2000, DNB Staff Report 53, De Nederlandsche Bank.

22. “Inflation Target Bands and the Bank of England’s Fairly Substantial Lump of Inflation Uncertainty,” 1999, (with K.F. Wallis), DP 49, ESRC Macroeconomic Modelling Bureau.