Professor Alberto Montagnoli

School of Economics

Professor of Finance

a.montagnoli@sheffield.ac.uk
+44 114 222 9655

+44 114 222 3458 (fax)

Room 506, 9 Mappin Street

Full contact details

Professor Alberto Montagnoli
School of Economics
Room 506
9 Mappin Street
Sheffield
S1 4DT

Profile: Alberto graduated from the University of Padova (Italy) and gained his MSc and PhD from Brunel University. Before joining the University of Sheffield he worked as a lecturer and senior lecturer in banking and finance at the University of Stirling.

Research interests

Alberto’s research interests lie in the area of banking, financial markets and household finance.

A central theme of his work has been the interaction between financial markets, monetary policy and the real economy at both a national, regional and individual level.

Alberto is interested in supervising PhD students in banking, financial markets and household finance.

Publications

Journal articles

Montagnoli A, Mouratidis K & Whyte K (2020) Assessing the cyclical behaviour of bank capital buffers in a finance-augmented macro-economy. Journal of International Money and Finance.
Brown S, Gray D & Montagnoli A (2019) Credit supply shocks and household leverage: evidence from the US banking deregulation. Journal of Financial Stability, 43, 97-115. View this article in WRRO
Montagnoli A, Cuestas JC & Asab NA (2018) Inflation Targeting or Exchange Rate Targeting: Which Framework Supports The Goal of Price Stability in Emerging Market Economies?. PLoS ONE, 13(8). View this article in WRRO
Montagnoli A & Moro M (2018) The Cost of Banking Crises: New Evidence from Life Satisfaction Data. Kyklos, 71(2), 279-309. View this article in WRRO
Cao Y, Gregory-Smith I & Montagnoli A (2018) Transmission of liquidity shocks: Evidence on cross-border bank ownership linkages. Journal of International Financial Markets, Institutions & Money, 53, 158-178. View this article in WRRO
Montagnoli A & Bernini, M (2017) Competition and financial constraints: a two-sided story∗. Journal of International Money and Finance, 70, 88-109. View this article in WRRO
Montagnoli A, Napolitano O & Siliverstovs B (2016) Regional Interest Rate Pass-Through in Italy. Regional Studies, 50(8), 1404-1419. View this article in WRRO
Montagnoli A & Nagayasu J (2015) UK house price convergence clubs and spillovers. Journal of Housing Economics, 30, 50-58. View this article in WRRO
Blanchflower DG, Bell DNF, Montagnoli A & Moro M (2014) The Happiness Trade-Off between Unemployment and Inflation. Journal of Money, Credit and Banking, 46(S2), 117-141. View this article in WRRO
Gregoriou A, Kontonikas A & Montagnoli A (2014) Aggregate and regional house price to earnings ratio dynamics in the UK. Urban Studies, 51(13), 2916-2927. View this article in WRRO
BYRNE JP, KONTONIKAS A & MONTAGNOLI A (2013) International Evidence on the New Keynesian Phillips Curve Using Aggregate and Disaggregate Data. Journal of Money, Credit and Banking, 45(5), 913-932.
Dow S, Montagnoli A & Napolitano O (2012) Interest Rates and Convergence across Italian Regions. Regional Studies, 46(7), 893-905.
Chen X, Kontonikas A & Montagnoli A (2012) Asset prices, credit and the business cycle. Economics Letters, 117(3), 857-861.
GREGORIOU A, KONTONIKAS A & MONTAGNOLI A (2011) Euro Area Inflation Differentials: Unit Roots and Nonlinear Adjustment. JCMS: Journal of Common Market Studies, 49(3), 525-540.
Levin EJ, Montagnoli A & Pryce G (2011) Mark‐to‐market and house asset valuation. International Journal of Housing Markets and Analysis, 4(2), 172-179.
Montagnoli A & de Vries FP (2010) Carbon trading thickness and market efficiency. Energy Economics, 32(6), 1331-1336.
Byrne JP, Kontonikas A & Montagnoli A (2010) THE TIME-SERIES PROPERTIES OF UK INFLATION: EVIDENCE FROM AGGREGATE AND DISAGGREGATE DATA. Scottish Journal of Political Economy, 57(1), 33-47.
Napolitano O & Montagnoli A (2010) The European unemployment gap and the role of monetary policy. Economics Bulletin, 30(2), 1346-1358.
Kholodilin K, Montagnoli A, Napolitano O & Siliverstovs B (2009) Assessing the impact of the ECB's monetary policy on the stock markets: A sectoral view. Economics Letters, 105(3), 211-213.
Dow S, Klaes M & Montagnoli A (2009) RISK AND UNCERTAINTY IN CENTRAL BANK SIGNALS: AN ANALYSIS OF MONETARY POLICY COMMITTEE MINUTES. Metroeconomica, 60(4), 584-618.
Gregoriou A, Kontonikas A, MacDonald R & Montagnoli A (2009) Monetary policy shocks and stock returns: evidence from the British market. Financial Markets and Portfolio Management, 23(4), 401-410.
Levin E, Montagnoli A & Wright RE (2009) Demographic Change and the Housing Market: Evidence from a Comparison of Scotland and England. Urban Studies, 46(1), 27-43.
Dow SC & Montagnoli A (2007) The Regional Transmission of UK Monetary Policy. Regional Studies, 41(6), 797-808.
Kontonikas A & Montagnoli A (2006) OPTIMAL MONETARY POLICY AND ASSET PRICE MISALIGNMENTS. Scottish Journal of Political Economy, 53(5), 636-654.
Kontonikas A & Montagnoli A (2004) Has Monetary Policy Reacted to Asset Price Movements? Evidence from the UK. Ekonomia, 7.
Montagnoli A & Napolitano O (2003) Dynamics of inflation in Turkey during the 1990s. Applied Economics Letters, 10(10), 647-650.
Brown S, Kontonikas A, Montagnoli A, Moro M & Onnis L () Life Satisfaction and Austerity: Expectations and the Macroeconomy. Journal of Behavioral and Experimental Economics.
Damon M, Gregory-Smith I, Main BGM, Montagnoli A & Wright P () Executive pensions and the pay-performance relation. Evidence from changes to pension legislation in the UK. Oxford Economic Papers.

Teaching activities

Alberto teaches banking and finance at the undergraduate and postgraduate level

ECN220 Money, Banking and Finance
ECN6570 Modern Theory of Banking and Finance