Education
Ph.D. Economics
Johns Hopkins University
2007
M.A. Economics
Johns Hopkins University
2004
B.A. Economics
Bocconi University
Milan
1999
Contact Info
Phone: (314) 444-7410
Fax: (314) 444-8731
Email:silvio.contessi@stls.frb.org
Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442
For media inquiries contact:
Ben C. Hardaway
mediainquiries@stls.frb.org
Office: (314) 444-8783
Cell: (314) 341-2714
Silvio Contessi
Economist
Please feel free to contact me with comments, questions, or requests for hard copies of these papers by e-mail at silvio.contessi@stls.frb.org.
Published Articles
"The (Non-)Resiliency of Foreign Direct Investment in the United States during the 2007-2009 Financial Crisis"
with Pierangelo De Pace
FORTHCOMING: Pacific Economic Review
"U.S. Commercial Bank Lending through 2008:Q4: New Evidence from Gross Credit Flows"
with Johanna Francis
FORTHCOMING: Economic Inquiry
Appendix (PDF)
"Changes in the Second-Moment Properties of Disaggregated Capital Flows"
with Pierangelo De Pace and Johanna L. Francis
Economics Letters, April 2012, 115(1), pp. 122-7.
"Do European Capital Flows Comove?"
with Pierangelo De Pace
North American Journal of Economics and Finance, August 2009, 20(2), pp. 145-61.
Working Papers
"What Happens When Wal-Mart Comes to Your Country? Multinational Firms' Entry, Productivity, and Inefficiency"
Working Paper 2010-043B posted October 2010, updated November 2010
"How Does Multinational Production Change International Comovement?"
Working Paper 2010-041A posted October 2010
"The Cyclical Properties of Disaggregated Capital Flows"
with Pierangelo De Pace and Johanna L. Francis
Working Paper 2008-041C posted November 2008, updated July 2010
Work-in-Progress
"Excess Reserves During the U.S. Financial Crisis: A Bank-level Perspective", with Su-Hsin Chang and Johanna Francis, June 2011
"Access to Credit and Export through the Trade Collapse: A portrait of Firms in 36 Countries", with Francesca de Nicola, November 2011
"What do we Know about the Relationship Between International Trade and Trade Finance", with Mingyu Chen and Francesca De Nicola, January 2012
Conference Organization
June 13, 2011
Workshop on Challenges in Open-Economy Macroeconomics after the Financial Crisis organized by Charles Engel, Silvio Contessi and Luciana Juvenal at the Federal Reserve Bank of St. Louis
Articles in Federal Reserve Bank of St. Louis Publications
"Banking Crises around the World: Different Governments, Different Responses"
with Hoda S. El-Ghazaly
Federal Reserve Bank of St. Louis The Regional Economist, April 2011, pp. 10-17.
"TARP Beneficiaries and Their Lending Patterns During the Financial Crisis"
with Johanna L. Francis
Federal Reserve Bank of St. Louis Review, March/April 2011, 93(2), pp. 105-126.
"Multinationals from Emerging Economies: Growing but Little Understood"
with Hoda El-Ghazaly
Federal Reserve Bank of St. Louis The Regional Economist, July 2010, pp. 16-17.
"The Trade Collapse: Lining Up the Suspects"
with Hoda El-Ghazaly
Federal Reserve Bank of St. Louis The Regional Economist, April 2010, pp. 10-11.
"Reader Exchange: Why would a firm want to become a multinational?"
Federal Reserve Bank of St. Louis The Regional Economist, October 2009, p. 23.
"Foreign Direct Investment, Productivity, and Country Growth: An Overview"
with Ariel Weinberger
Federal Reserve Bank of St. Louis Review, March/April 2009, 91(2), pp. 61-78.
Recent Commentary
"U.S. Trade Springs Back"
with Hoda El-Ghazaly
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 9.
"Sovereign Debt Shadows"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 22.
- Data Table
"The Evolving Size Distribution of Banks"
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 1.
"Commercial Bank Lending Data during the Crisis: Handle with Care"
with Hoda El-Ghazaly
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 36.
"Gross Credit Flows of U.S. Commercial Banks until 2008:Q3"
with Johanna Francis
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 3.
"Net Exports' Recent (and Surprising?) Contribution to GDP Growth"
Federal Reserve Bank of St. Louis International Economic Trends, November 2008.
"Some Incomes Are Less Average than Others"
with Ariel Weinberger
Federal Reserve Bank of St. Louis National Economic Trends, October 2008.
"Multinationals Make the Most of IT"
Federal Reserve Bank of St. Louis National Economic Trends, June 2008.