Pietro Galeone

Post Doctoral Fellow
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Pietro Galeone
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Pietro Galeone is a researcher at IEP@BU and lecturer at Bocconi University. His research currently focuses on education and labor economics, youth policies and social inclusion. He obtained his BA in Social Studies from Harvard University, focusing on the relevance of economics for euroscepticism, with a secondary degree in Astrophysics. He then completed his PhD in Economics at Bocconi University, focusing on migration and school-to-work transitions. In 2021-2022, he served as economic advisor to the Italian Minister for Labor and Social Policies, representing Italy in the Council of the EU’s employment committee (EMCO) and in the G20 Employment working group. He was also EU Youth Guarantee coordinator for Italy and Italian representative in the Minimum Income Network (MINET) of the European Commission. 

Monetary Policy

Policy Brief: Monetary Policy and Supply Shocks: The Role of Inflation Expectations
2023

​​​​​​In the discussion on monetary policy in the presence of supply shocks, we focus on the Euro area to understand the recent wave of inflation.

Policy Brief: The ECB in the Face of an Unprecedented Energy Shock
2023

Our starting point was the stark increase in non-energy price inflation, which is the key element for the ECB since monetary policy cannot do anything about energy prices. Could the ECB have foreseen this development? Our analysis suggests that this would have been difficult based on past experience. 

The Last Mile of Disinflation Might not be that Difficult
2023

Inflation rates in the euro area and US increased sharply in 2022, in part following large energy price shocks. This column analyses the pass-through from energy prices to core inflation since the 1970s for the US and Germany. It shows that this pass-through is not constant over time, but time-varying. Pass-through from energy to inflation during the 1970s was high in the US, but not in Germany. Both countries experienced high pass-through in 2022, but this has declined in the most recent quarters, consistent with a return to more normal inflation dynamics.

EU, US, UK: A Tale of Three Inflations
2023

The US and the euro area have similar headline inflation rates, but very different drivers. In the US, inflation is mainly driven by housing costs. By contrast in the euro area energy now provides an important negative element, that is offset to a large extent by still increasing food prices

European Policies

The Problem with the Dublin Regulation
2023

Without a serious change in the regulations, or a substantial investment in the bureaucratic capacity and the infrastructure for migrants, Dublin is bound to be more real on paper than in practice and many ports of entry are likely to remain in a constant state of emergency.