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Oreste Tristani

Senior Adviser · European Central Bank

Senior Adviser in the European Central Bank's Directorate General Research. Works on monetary policy, inflation dynamics, central bank balance sheets, financial stability and the distributional effects of monetary policy.

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Published Journal of Monetary Economics Published Nov 2024
Who bears the costs of inflation? Euro area households and the 2021-2023 shock

Filippo Pallotti · Gonzalo Paz-Pardo · Jiri Slacalek · Oreste Tristani · Giovanni L. Violante

This paper measures the heterogeneous first-order welfare effects of the 2021-2023 inflation surge across households in the four largest euro area countries (Germany, France, Italy, Spain). …

Inflation Household Finance Inequality Fiscal Policy Free Read ↗
Published Journal of Money, Credit and Banking Online 15 Sep 2025 Published Aug 2026
Monetary Policy and the Drifting Natural Rate of Interest

Sandra Daudignon · Oreste Tristani

This paper analyzes how monetary policy should respond to a long-run natural interest rate that can drift permanently — following a bounded random walk with upper bound 3 percent and lower bound 0 …

Natural Rate of Interest Effective Lower Bound Inflation Expectations Forward Guidance Monetary Policy Rules Dsge Models