Roberto M. Billi
Economist
Research Department
Federal Reserve Bank of Kansas City
925 Grand Boulevard
Kansas City, MO 64198
Email: Roberto.Billi@kc.frb.org

Biography	Curriculum vitae (PDF, 19 KB)
Publications in journals and books	Research Working Papers
Economic Review articles

Roberto M. Billi joined the Federal Reserve Bank of Kansas City in September 2005 as an Economist in the Economic Research Department. His research focuses on the design of optimal monetary policy in low inflation environments in the presence of a zero lower bound on nominal interest rates. He also investigates the implications of monetary and fiscal policy interactions in dynamic economies.

Mr. Billi was awarded in 2005 a doctorate in economics summa cum laude by Goethe University Frankfurt. He also holds an MSc from the London School of Economics. In 2004 he was a dissertation intern with the Division of Monetary Affairs at the Federal Reserve Board, and in 2005 he was a research visitor with the Directorate General Research of the European Central Bank.

Publications in professional journals and books

"Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates," with Klaus Adam, Journal of Monetary Economics, 2007, 54 (3), 728-752.

"Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates," with Klaus Adam, Journal of Money, Credit, and Banking, 2006, 38 (7), 1877-1905.

Federal Reserve Bank of Kansas City Economic Review articles

"What Is the Optimal Inflation Rate?" with George A. Kahn, Second Quarter 2008. (Summary | Article PDF 407K)

Federal Reserve Bank of Kansas City Research Working Papers

"Optimal Inflation for the U.S. Economy," RWP 07-03 (PDF, 614K | Abstract)

"Monetary Conservatism and Fiscal Policy," with Klaus Adam, RWP 07-01 (PDF, 625K | Abstract)

"Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates," with Klaus Adam, RWP 05-08 (PDF, 625K | Abstract)

"Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates," with Klaus Adam, RWP 05-07 (PDF, 625K | Abstract)

Work in progress

"Near-Rational Expectations and the Long-Run Inflation Rate"

"Monetary Policy Rules and the Long-Run Inflation Rate"