Davide Romelli

New Research 📢

Congratulations to Agustín Bénétrix and @davideromelli.bsky.social on the publication of their new paper in Open Economies Review! 👏
@springernature.com

Read the paper: tinyurl.com/5bumn883

@imtcd.bsky.social @trisstcd.bsky.social @trinityresearch.bsky.social

Professor @davideromelli.bsky.social research on Central Bank Independence has been cited in today's @alphaville.ft.com. ✨

🗞️How independent is the Fed anyway? Read more:
tinyurl.com/z5rv3cxh

@tcddublin.bsky.social
@tcdschoolssp.bsky.social
@imtcd.bsky.social
#econsky #centralbank #cbi

A few years ago, many said central bank independence was too niche, too old (and too risky) to study.

I’m delighted to see my CBIE index featured in today’s FT Alphaville. Big thanks to Toby Nagle for the coverage.

#CBI #FTAlphaville #MonetaryPolicy
@tcdeconomics.bsky.social

Article 👇

The independence of the Federal Reserve is being tested. In February, A Athanasopoulos, D Masciandaro, & @davideromelli.bsky.social wrote for VoxEU that improvements in central bank independence yield long-lasting benefits, including reducing inflation persistence.
cepr.org/voxeu/column...
#EconSky

🗞️New Research 🗞️

Professor @davideromelli.bsky.social has published a new article in Explorations in Economic History @elseviersej.bsky.social 👏

📋Read the paper: tinyurl.com/39k79ret
Read the @voxeu.org column: tinyurl.com/2mp2aax7

@tcdschoolssp.bsky.social #econsky

📣 The program for the IM–TCD Virtual Seminar Series 2025–26 is live!

Add the dates, share with colleagues, and register here 👇

📰 New paper forthcoming in Explorations in Economic History!

Venice, 1619–1666 → A cautionary tale on fiscal monetization & currency depreciation.

Even credible states can't escape fiscal dominance.

📜 Paper 👉 tinyurl.com/435hhsa6

📖 TL;DR → Read our VoxEU Column 👇

New article out on European Economic Review! "Warning words in a warming world: Central bank communication and climate change", with @jdeyris.bsky.social, @davideromelli.bsky.social and G. Scalisi.

Available open access here: doi.org/10.1016/j.eu...

Speech dataset here: cbspeeches.com

Trump's Fed attacks puncture veneer of central bank independence If U.S. President Donald Trump's public attacks on Federal Reserve Chair Jerome Powell have achieved one thing, it has been to thrust the issue of central bank independence firmly into the spotlight. But this raises the question, what does 'independence' really mean?

Pleased to see my research on central bank independence featured in this Reuters piece on political pressure on the Fed and what it means for monetary institutions worldwide:
🔗 reuters.com/markets/euro...

Access the data 👉 www.cbidata.org
#CentralBankIndependence #MonetaryPolicy #CBIData

Empowering women in central banking When are women appointed to the board of central banks? While progressive societal gender norms may facilitate women's ascension to leadership positions, recent research indicates that women are mo...

🏦 Andreas Kern, Bernhard Reinsberg and @davideromelli.bsky.social on women’s appointments to central bank boards

So, why should we care about central bank independence?🤔

Professor @davideromelli.bsky.social tells us why it matters in the first video of our new Summer Series! ✨

@tcdssp.bsky.social @tcddublin.bsky.social @cephie.bsky.social @trisstcd.bsky.social #econsky #centralbank #economics

Congratulations to our four Scholars in our School & to our new Fellows, Professors @ronanlyons.bsky.social and @davideromelli.bsky.social, & Professorial Fellow, @tahayasseri.bsky.social! 🥳

Read the full list here:
tinyurl.com/3k4jpkrx

@trisstcd.bsky.social @cephie.bsky.social

Photograph of Davide Romelli and Ronan Lyons in Trinity College, having been elected as Fellows.

Delighted to have been elected to Fellow of @tcddublin.bsky.social, together with my wonderful colleague @davideromelli.bsky.social. And what a day for it!

Congratulations to Professors @ronanlyons.bsky.social and
@davideromelli.bsky.social on their Fellowships! 🥳

Provost Linda Doyle read out the names of the new Fellows & Scholars this morning at Front Square. 👏

Read the full list of Fellows & Scholars ⬇️
tinyurl.com/3k4jpkrx

@tcdssp.bsky.social

I would like to thank the editors for the kind invitation.

I hope my involvement will boost even more submissions in the areas of central banking and monetary policy.

📢 I am excited to join the European Journal of Political Economy as an Associate Editor!

I look forward to working with the editorial team and brilliant colleagues to advance the journal’s impact.

@tcdssp.bsky.social @tcdeconomics.bsky.social
#monetarypolicy #centralbanking #ejpe

Honestly? I’d be happy to do fewer interviews if CBI could go back to being a quiet technocratic win of the past 😄

#Fed #CBI #Trump #Powell #MonetaryPolicy #EconTwitter

A large literature has shown that CBI is key for:
✅ Price stability
✅ Anchoring inflation expectations
✅ Other macro variables.

Markets have pushed back before (see the tariff U-turn). Hopefully, they will do it again.

Trump’s repeated public criticism of Powell risks undermining the Fed’s credibility, just as inflation remains a top concern.

Even if he says he won’t fire Powell, the damage to expectations and trust is real.

🎙️ It was an honour to speak to @morningireland and @France24_en this week on Trump’s latest attacks on Jerome Powell & the real risks to the Fed’s independence.

📉 Undermining CBI isn’t just bad politics—it’s bad economics.

🎧 www.rte.ie/radio/radio1...
📽️ www.youtube.com/watch?v=uLKt...

Quand les banques centrales s’emparent de la question du climat Un tiers des discours des banques centrales aborde désormais le thème du changement climatique. Comment ces institutions, traditionnellement focalisées sur l’inflation, en sont-elles arrivées là ?

Le thème du changement climatique est devenu central dans les discours des banques centrales. Pourquoi ? Comment ? Et avec quelles conséquences ?

Éléments de réponse dans un article @france.theconversation.com, avec @davideromelli.bsky.social , E. Campiglio et S. Scalisi:

Central bank independence, centralization of wage bargaining, inflation and unemployment:: Theory and some evidence This paper proposes a conceptual framework to investigate the effects of central bank independence, of the degree of centralization of wage bargaining…

An old reference is: www.sciencedirect.com/science/arti...

6️⃣ The lesson? Protecting central bank independence is not just about credibility—it’s about preventing long-run economic instability.

5️⃣ Recent cases of political pressure on central banks:
🇭🇺 Hungary – Government interference in monetary policy
🇹🇷 Turkey – Leadership changes affecting rate decisions
🇺🇸 United States (Fed) – Rising political scrutiny and pressure.

3️⃣ Our paper provides new empirical evidence: when CBI weakens, inflation doesn’t just rise temporarily—it persists, making price stability harder to restore.

4️⃣ The erosion of CBI often happens subtly.

ECB's Lagarde warns over cost of losing independence Central bank independence is being challenged in parts of the world and greater political influence could undermined banks' ability to keep inflation down, risking economic volatility, European Central Bank President Christine Lagarde said on Monday.

1️⃣ Central bank independence (CBI) ensures that monetary policy remains free from political interference—helping keep inflation low and stable over time.

2️⃣ But as Christine Lagarde warns, CBI is increasingly under threat:
🔗 www.reuters.com/markets/euro...

📢 Why Central Bank Independence Matters More Than Ever 📢

Recently, Christine Lagarde warned that central bank independence is under threat.

Our latest VoxEU column explains why this is alarming—weakening independence leads to higher, more persistent inflation in the long run.

(Thread 🧵👇)

What Do Politicians Think of Technocratic Institutions? Attitudes in the European Parliament Towards the European Central Bank Technocracy has come to be increasingly regarded as a threat to representative democracy. Significant attention has thus been recently devoted to exploring public preferences towards technocratic ins....

4/Our findings challenge the idea that central banks operate in a political vacuum. Politicians reassess and shape their oversight of the ECB

Curious to know more? Reach out to us including @davideromelli.bsky.social and read the full article here: onlinelibrary.wiley.com/doi/10.1111/...

What Do Politicians Think of Technocratic Institutions? Attitudes in the European Parliament Towards the European Central Bank Technocracy has come to be increasingly regarded as a threat to representative democracy. Significant attention has thus been recently devoted to exploring public preferences towards technocratic ins....

📢 Now Published in Issue! 📢
Our article on what politicians think about the ECB is now out in @jcms-eu.bsky.social
We surveyed Members of the European Parliament to uncover their views on the ECB

👉 Available at onlinelibrary.wiley.com/doi/10.1111/...

And a short thread here -->

Monetary dialogue | ECON Policies | ECON | Committees | European Parliament Information on monetary dialogue between ECON and the European Central Bank (ECB). Links to documents.

Congratulations to @davideromelli.bsky.social on his selection as a member of the new Monetary Policy Expert Panel for the Committee on Economic & Monetary Affairs (ECON) at European Parliament
👏

Read more 🔽
tinyurl.com/4k7sxx9t

#econsky