Cristiano Cantore

Cristiano Cantore

Research Advisor / Reader

Bank of England

University of Surrey

I am a Research Advisor at the Research Hub of the Bank of England and a Reader in Economics at the University of Surrey. I am also a member of the Centre for Macroeconomics, the Euro Area Business Cycle Network and the Central Bank Research Association.

What’s new?


  • Business Cycles
  • Monetary and Fiscal Policy
  • Labor Market
  • Inequality


  • PhD in Economics, 2010

    University of Kent

  • MSc in Economics, 2005

    Universitat Pompeu Fabra

  • BSc in Economics and Statistics, 2004

    Università Commerciale Luigi Bocconi


I was born in Potenza, Basilicata (Italy), on the 5th of May 1981. In 2004 I graduated from Bocconi University and I moved to Barcelona to study a MSc in Economics at Pompeu Fabra University. After a one-year scholarship at Carlos III University in Madrid, in 2006 I moved to the University of Kent in Canterbury (UK) as a PhD student. In September 2009 I started as a Lecturer (Assistant Professor) at the University of Surrey where I have also contributed to the creation and development of the Centre for International Macroeconomic Studies. In April 2013 I was promoted to Senior Lecturer and in August 2018 to Reader. In September 2018 I joined the Research Hub of the Bank of England as a Senior Research Economist. In July 2021 I have been promoted to Research Advisor. Over the years I’ve also been at OECD and ECB as an intern, at the Banco de España as a research fellow and at the University of California San Diego as a visiting professor.

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(2015). CES technology and business cycle fluctuations. Journal of Economic Dynamics and Control, vol. 61(C), pages 133-151.

Published Version Ungated Online Appendix

(2014). A Fiscal Stimulus and Jobless Recovery. Scandinavian Journal of Economics, vol. 116(3), pages 669-701, July.

Published Version IMF WP Online Appendix

(2014). Shocking Stuff: Technology, Hours, And Factor Substitution. Journal of the European Economic Association, vol. 12(1), pages 108-128, February.

Published Version Ungated Online Appendix


(2021). Five Facts about the Distributional Income Effects of Monetary Policy Shocks. ESCB Research Cluster on Monetary Economics, Fifth Annual workshop - 8/11/2021.


(2020). Open economy, redistribution, and the aggregate impact of external shocks. 6th BdF-BoE International Macroeconomics Workshop - Bank of England - 3/12/2020.


(2020). Measuring the Natural Rate of Interest: A Note on Transitory Shocks. XXV Meeting of the Central Bank Researchers Network - Banco Central del Uruguay - 28/10/2020.


(2018). Breaking the Feedback Loop: Macroprudential Regulation of Banks' Sovereign Exposures. 17th Workshop on Macroeconomic Dynamics: Theory and Applications - LUISS University Rome - 21/12/2018.


(2017). State Dependence in Labor Market Fluctuations: Evidence, Theory and Policy Implications. 16th Workshop on Macroeconomic Dynamics: Theory and Applications Universita' Cattolica Milano - 21/12/2017.


(2013). E Pluribus Unum: Macroeconomic Modelling for Multi-agent Economies. Macro Banking and Finance Workshop - Universita’ degli Studi Milano Bicocca - 20/09/2013.


(2012). Capital-Labor Substitution, Structural Change and Growth. Structural Change and Macroeconomic Dynamics Workshop - University of Cagliari - 18/05/2012.


(2012). Economic Integration and Structural Change. 2nd workshop on Structural Change and Macroeconomic Dynamics - University of Surrey - 16/11/2012.


Media and links

In the Media


2021 - 2022

  • Monetary Economics and Aggregate Fluctuations (MSc - London School of Economics)

  • Macroeconomics (MRes - University of Surrey)

Past Teaching

University of Surrey: Macroeconomics at all levels; International trade and Data analyisis at undergraduate level.

Over the years I have been teaching various courses on Dynamic Stochastic General Equilibrium (DSGE) models construction, simulation and estimations using Dynare at the University of Surrey or in New Delhi, Porto, Glasgow, Birmingham, Cagliari, Abuja, Berlin and Turin.


  • Bank of England, Threadneedle Street, London, EC2R 8AH
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