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Giovanni Borraccia

Spoken languages
Italian, English, Spanish


Provisional PhD Thesis Title: Essays on the Phillips Curve and Asymmetries in the Transmission of Monetary Policy in the Eurozone

Expected Completion Date: Fall 2027

PhD Supervisor & 2nd Reader: Ugo Panizza and Cédric Tille


Giovanni Borraccia is a Phd researcher in International Economics at the Graduate Institute of Geneva. Between 2020 and 2021 he was a research trainee at the European Central Bank within DG-Economics being responsible for the Baltic country desk and leading periodic rounds of macroeconomic forecasting. Between 2021 and 2023 he held research analyst positions at the World Bank within Prospects Group and the IMF within the European Department, where he was a member of the Working Group on Financial Stability. He contributed to analysis underlying the Global Economic Prospects Report as well as the maintenance of country macroeconomic frameworks feeding into the IMF World Economic Outlook. His main areas of interest are inflation dynamics and asymmetries of monetary policy transmission in currency unions.

Research Interests

  • Macroeconomics
  • Monetary economics
  • International finance

Research Experience


  • (2019-2020) Junior Consultant at the OECD: Regulatory Policy Department
  • (2020-2021) Research Trainee at the European Central Bank: DG-Economics 
  • (2021-2022) Macroeconomic Consultant at the World Bank: Prospects Group
  • (2022-2023) Macroeconomic Research Analyst at the International Monetary Fund: European Department

Relevant Publications and Works

  • Borraccia, G. (2021) “Monetary Policy and Wage-Bargaining in the Eurozone: An Epistemological Break? An Analysis from the Perspective of the ECB,” LSE ‘Europe in Question’ Discussion Paper Series, 172.
  • Borraccia, G. et al. (2023) “Financial Conditions In Europe: Dynamics, Drivers And MacroeconomicImplications,” International Monetary Fund (IMF), European Department (Departmental Paper).