Davide Porcellacchia

I am a PhD candidate at the London School of Economics, affiliated with the Centre for Macroeconomics.

Starting in October 2018, I will join the Research Department of the European Central Bank.

Monetary economics and banking are my main areas of expertise and interest. Studying the former in light of the important role of banks in our economies is insightful and, I think, holds promise to guide us in the unchartered waters of unconventional monetary policy.

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Job Market PaperRead online

“Optimal Negative Interest on Reserves”

IMF Working Paper, February 2016 Read online

“Wage-Price Dynamics and Structural Reform in Japan”

Work in Progress

“A Theory of Liquidity and Interest on Reserves”

Work in Progress

“Debt, Deleveraging and the Liquidity Trap, or Nominal GDP Level Targeting”

Teaching Experience

EC321 – Monetary Economics

Lecturers: Prof. Charles Bean and Dr Kevin Sheedy

Teaching evaluation Michaelmas term Teaching evaluation Lent term
EC321 – Monetary Economics

Lecturers: Prof. Charles Bean and Dr Kevin Sheedy

Teaching evaluation
EC400 – Mathematics for Microeconomics and Macroeconomics

Lecturers: Dr Margaret Bray, Dr Pascal Michaillat and Dr Francesco Nava

EC321 – Money and Banking

Lecturers: Dr Gianluca Benigno and Dr Kevin Sheedy

EC202 – Microeconomic Principles II

Lecturers: Prof. Frank Cowell and Prof. Leonardo Felli

Teaching evaluation

For my teaching in EC202 I was nominated for an LSE Student Union Teaching Excellence Award

EC210 – Macroeconomic Principles

Lecturers: Dr Rachel Ngai and Dr Kevin Sheedy

Teaching evaluation

Work Experience

International Monetary Fund

Summer 2015 Fund Internship Program

J.C. Flowers & Co.

2013-2015 Macroeconomic Consultant

  • I advised the investment professionals on macroeconomic topics of interest by writing reports and producing briefings.
  • On this job, I learnt that communicating complex analyses with concision and sharpness is a crucial skill in an economist’s toolkit. If we do this, our insights are highly valued.


Davide Porcellacchia
Department of Economics, Room 32L.1.07
London School of Economics
Houghton Street
London WC2A 2AE, UK
Tel: +44 (0)7530 369 551