Mariarosaria Comunale

Last Updated: January 08, 2024

Mariarosaria Comunale

Mariarosaria Comunale is an Economist at the IMF in the Research Department, Development Macroeconomics division. Prior to joining the IMF, she worked as a Principal Research Economist at the Bank of Lithuania. She holds a Ph.D. in Money and Finance from the University of Rome Tor Vergata. She published her works in the Journal of International Money and Finance, Scottish Journal of Political Economy, Advances in Econometrics, among others.

Email: MComunale@imf.org

Personal WebPage: https://sites.google.com/site/mariarosariacomunale/

Fluent In: German, Italian.

Education:

Ph.D. in Money and Finance, University of Rome Tor Vergata, Italy - 2014

Master degree in European Studies and International Relations, University of Rome La Sapienza, Italy - 2007

Master degree in International economics and currency markets, University of Trieste, Italy - 2006

Bachelor degree in International economics and currency markets, University of Trieste, Italy - 2004


Previous Experience:

Principal Economist, Applied Macroeconomic Research Division, Economics Department, Bank of Lithuania, Vilnius, Lithuania - 2014-2021

Research Fellow/Junior Researcher, Faculty of Economics and Business Administration, Vilnius University, Lithuania - 2020-2021

ESCB-IO Economist, European Central Bank, DG International & European Relations, External Developments (DG-I/EXT), Frankfurt am Main, Germany - 2018-2019

Visiting Researcher, Schuman Programme, Oesterreichische Nationalbank, Foreign Research Division, Vienna, Austria - 2017-2018

Ph.D. level trainee, European Central Bank, DG International & European Relations, International Relations and Cooperation (DG-I/IRC), Frankfurt am Main, Germany - 2014

Visiting Ph.D. student, Trinity College Dublin, Department of Economics, Dublin, Ireland - 2013

Research intern, De Nederlandsche Bank, Monetary Policy and Research Department, Amsterdam, The Netherlands - 2012

Visiting Ph.D. student, University of Cambridge, Faculty of Economics, Cambridge, UK - 2012

Blue Book Trainee, EU Commission, DG Budget Unit B1, Bruxelles, Belgium - 2010

Junior research fellow in International Economics, Istituto nazionale per il Commercio Estero (Italian Trade Commission), Statistics and Research Division, Rome, Italy - 2008-2009

Trainee, Italian Ministry of Foreign Affairs, DG European Integration, Rome, Italy - 2007


Referee Activities:

Journal of International Money and Finance, Journal of Economic Behavior & Organization, International Journal of Central Banking, Journal of Money, Credit and Banking, Economic Modelling, Review of World Economics, Empirical Economics, International Review of Economics and Finance, and Journal of Macroeconomics.


Current Position:

Economist, Research Department, Development Macroeconomics Division, International Monetary Fund, USA.


Field of Expertise:

Open Economy Macroeconomics

Monetary Policy

Macro-Financial Issues

International Trade

International Macroeconomics

International Finance

Publications in Journals (Refereed)

D. Celov & M. Comunale, 2022. "Business cycles in the EU: a comprehensive comparison across methods." Advances in Econometrics, Essays in Honor of Fabio Canova (volume 44B, 2022) edited by Juan Dolado, Luca Gambetti and Christian Matthes, Emerald Publishing Limited, Bingley, pp. 99-146.

M. Comunale & G. Felice, 2022. "An empirical investigation of the relationship between trade and structural change", International Economics, Volume 171, October 2022, Pages 58-79.

M. Comunale, 2022. "A panel VAR analysis of macro-financial imbalances in the EU." Journal of International Money and Finance, Volume 121, March 2022, 102511.

M. Comunale & F.P. Mongelli, 2021. "Tracking growth in the euro area subject to a dimensionality problem." Applied Economics, Volume 53, Issue 57, 6611-6625.

M. Comunale, 2020. "New synchronicity indices between real and financial cycles: is there any link to structural characteristics and recessions in EU countries?" International Journal of Finance and Economics, vol. 24, issue 4, October 2020, pages 617-641.

M.Comunale, 2019. "Long-run determinants and misalignments of the real effective exchange rate in the EU." Scottish Journal of Political Economy, vol.66, issue 5, Pages 649-672.

M. Comunale, 2018. "Current account and REER misalignments in Central Eastern EU Countries: an update using the Macroeconomic Balance approach." Economic Systems, Volume 42, Issue 3, September 2018, Pages 414-436.

M.Comunale & H. Simola, 2018. "The pass-through to consumer prices in CIS economies: the role of exchange rates, commodities and other common factors." Research in International Business and Finance, Volume 44, April 2018, Pages 186-217.

M. Rubio & M. Comunale, 2018. "Macroeconomic and Financial Stability in a Monetary Union: The Case of Lithuania." Economic Systems, Volume 42, Issue 1, March 2018, Pages 75-90.

M. Comunale, 2017. "Dutch Disease, Real Effective Exchange Rate Misalignments and their effect on GDP Growth in the EU." Journal of International Money and Finance, Volume 73, Part B, May 2017, Pages 350–370.

M. Rubio & M. Comunale, 2017. "Lithuania in the Euro Area: Monetary Transmission and Macroprudential Policies." Eastern European Economics, 55: 29-49.

Publications in Books and Conference Volumes

M. Comunale & Mongelli, F.P., 2020. "Euro Area Growth and European Institutional Reforms." Chapter 1, in Campos, De Grauwe and Ji, 2020. "Structural Reforms and Economic Growth in Europe" Cambridge University Press.

Other Published Materials

M. Comunale, J. Dainauskas & P. Lastauskas, 2021. "Supply chains and trade flows volatility in the face of global shocks." VoxEU, 09 March 2021.

M. Comunale, 2021. "Measuring the impact of EU funding and uncertainty on investments in Lithuania.", LSE Europp, 05 January 2021.

M. Comunale, 2020. "The persistently high rate of suicide in Lithuania.", VoxEU, 23 August 2020.

M. Comunale, 2020. "Shock dependence of exchange rate pass-through in the euro area.", VoxEU, 27 April 2020.

M. Comunale & F.P. Mongelli, 2020. "Tracking long-run growth in the euro area with an atheoretical tool: The role of real, financial, monetary, and institutional factors.", VoxEU, 27 January 2020.

A. Bobasu, M. Comunale, R. Gomez-Salvador & L. Quaglietti, 2019. "Characterizing the current expansion across non-euro area advanced economies: where do we go from here?" ECB Economic Bulletin 2/2019, Box1.

Mariarosaria Comunale

Mariarosaria Comunale is an Economist at the IMF in the Research Department, Development Macroeconomics division. Prior to joining the IMF, she worked as a Principal Research Economist at the Bank of Lithuania. She holds a Ph.D. in Money and Finance from the University of Rome Tor Vergata. She published her works in the Journal of International Money and Finance, Scottish Journal of Political Economy, Advances in Econometrics, among others.

Email: MComunale@imf.org

Personal WebPage: https://sites.google.com/site/mariarosariacomunale/

Fluent In: German, Italian.

Education:

Ph.D. in Money and Finance, University of Rome Tor Vergata, Italy - 2014

Master degree in European Studies and International Relations, University of Rome La Sapienza, Italy - 2007

Master degree in International economics and currency markets, University of Trieste, Italy - 2006

Bachelor degree in International economics and currency markets, University of Trieste, Italy - 2004


Previous Experience:

Principal Economist, Applied Macroeconomic Research Division, Economics Department, Bank of Lithuania, Vilnius, Lithuania - 2014-2021

Research Fellow/Junior Researcher, Faculty of Economics and Business Administration, Vilnius University, Lithuania - 2020-2021

ESCB-IO Economist, European Central Bank, DG International & European Relations, External Developments (DG-I/EXT), Frankfurt am Main, Germany - 2018-2019

Visiting Researcher, Schuman Programme, Oesterreichische Nationalbank, Foreign Research Division, Vienna, Austria - 2017-2018

Ph.D. level trainee, European Central Bank, DG International & European Relations, International Relations and Cooperation (DG-I/IRC), Frankfurt am Main, Germany - 2014

Visiting Ph.D. student, Trinity College Dublin, Department of Economics, Dublin, Ireland - 2013

Research intern, De Nederlandsche Bank, Monetary Policy and Research Department, Amsterdam, The Netherlands - 2012

Visiting Ph.D. student, University of Cambridge, Faculty of Economics, Cambridge, UK - 2012

Blue Book Trainee, EU Commission, DG Budget Unit B1, Bruxelles, Belgium - 2010

Junior research fellow in International Economics, Istituto nazionale per il Commercio Estero (Italian Trade Commission), Statistics and Research Division, Rome, Italy - 2008-2009

Trainee, Italian Ministry of Foreign Affairs, DG European Integration, Rome, Italy - 2007


Referee Activities:

Journal of International Money and Finance, Journal of Economic Behavior & Organization, International Journal of Central Banking, Journal of Money, Credit and Banking, Economic Modelling, Review of World Economics, Empirical Economics, International Review of Economics and Finance, and Journal of Macroeconomics.


Current Position:

Economist, Research Department, Development Macroeconomics Division, International Monetary Fund, USA.


Field of Expertise:

Open Economy Macroeconomics

Monetary Policy

Macro-Financial Issues

International Trade

International Macroeconomics

International Finance

IMF Books and Working Papers:

Searching for Wage Growth: Policy Responses to the “New Machine Age” , Working Paper No. 2024/003 , January 12, 2024

Monetary Policy Frameworks and Communication in the Caucasus and Central Asia , Working Paper No. 2023/251 , December 08, 2023

A Comprehensive Macroeconomic Uncertainty Measure for the Euro Area and its Implications to COVID-19 , Working Paper No. 2023/229 , November 03, 2023

Strengthening Monetary Policy Frameworks in the Caucasus and Central Asia , Departmental Paper No 2023/006 , August 28, 2023

Who are Central Banks? Gender, Human Resources, and Central Banking , Working Paper No. 2023/091 , May 05, 2023

iMFdirect Blog Posts

M. Comunale, P. de Bruxelles, F.D. Unsal 2023. "Women Struggle for Equal Pay and Progression at Central Banks", IMFBlogs, Chart of the Week, May 2023.

Other Published Materials

O. Akbal, M. Comunale, M. Conesa, C. Papageorgiou, F.D.Unsal 2023. "Fiscal Imprudence and Inflation Expectations: The Role of Monetary Policy Frameworks" October 2023 World Economic Outlook—Analytical Chapter 2, Box 2.2., International Monetary Fund.

M. Comunale, J. Dainauskas and P. Lastauskas 2022. "How Does Trade Adjust to Global Disruptions? The Role of Supply Chain Habits", IMF Research Perspectives Fall 21/Winter 22, Volume 24, Issue 002.

Publications in Journals (Refereed)

D. Celov & M. Comunale, 2022. "Business cycles in the EU: a comprehensive comparison across methods." Advances in Econometrics, Essays in Honor of Fabio Canova (volume 44B, 2022) edited by Juan Dolado, Luca Gambetti and Christian Matthes, Emerald Publishing Limited, Bingley, pp. 99-146.

M. Comunale & G. Felice, 2022. "An empirical investigation of the relationship between trade and structural change", International Economics, Volume 171, October 2022, Pages 58-79.

M. Comunale, 2022. "A panel VAR analysis of macro-financial imbalances in the EU." Journal of International Money and Finance, Volume 121, March 2022, 102511.

M. Comunale & F.P. Mongelli, 2021. "Tracking growth in the euro area subject to a dimensionality problem." Applied Economics, Volume 53, Issue 57, 6611-6625.

M. Comunale, 2020. "New synchronicity indices between real and financial cycles: is there any link to structural characteristics and recessions in EU countries?" International Journal of Finance and Economics, vol. 24, issue 4, October 2020, pages 617-641.

M.Comunale, 2019. "Long-run determinants and misalignments of the real effective exchange rate in the EU." Scottish Journal of Political Economy, vol.66, issue 5, Pages 649-672.

M. Comunale, 2018. "Current account and REER misalignments in Central Eastern EU Countries: an update using the Macroeconomic Balance approach." Economic Systems, Volume 42, Issue 3, September 2018, Pages 414-436.

M.Comunale & H. Simola, 2018. "The pass-through to consumer prices in CIS economies: the role of exchange rates, commodities and other common factors." Research in International Business and Finance, Volume 44, April 2018, Pages 186-217.

M. Rubio & M. Comunale, 2018. "Macroeconomic and Financial Stability in a Monetary Union: The Case of Lithuania." Economic Systems, Volume 42, Issue 1, March 2018, Pages 75-90.

M. Comunale, 2017. "Dutch Disease, Real Effective Exchange Rate Misalignments and their effect on GDP Growth in the EU." Journal of International Money and Finance, Volume 73, Part B, May 2017, Pages 350–370.

M. Rubio & M. Comunale, 2017. "Lithuania in the Euro Area: Monetary Transmission and Macroprudential Policies." Eastern European Economics, 55: 29-49.

Publications in Books and Conference Volumes

M. Comunale & Mongelli, F.P., 2020. "Euro Area Growth and European Institutional Reforms." Chapter 1, in Campos, De Grauwe and Ji, 2020. "Structural Reforms and Economic Growth in Europe" Cambridge University Press.

Other Published Materials

M. Comunale, J. Dainauskas & P. Lastauskas, 2021. "Supply chains and trade flows volatility in the face of global shocks." VoxEU, 09 March 2021.

M. Comunale, 2021. "Measuring the impact of EU funding and uncertainty on investments in Lithuania.", LSE Europp, 05 January 2021.

M. Comunale, 2020. "The persistently high rate of suicide in Lithuania.", VoxEU, 23 August 2020.

M. Comunale, 2020. "Shock dependence of exchange rate pass-through in the euro area.", VoxEU, 27 April 2020.

M. Comunale & F.P. Mongelli, 2020. "Tracking long-run growth in the euro area with an atheoretical tool: The role of real, financial, monetary, and institutional factors.", VoxEU, 27 January 2020.

A. Bobasu, M. Comunale, R. Gomez-Salvador & L. Quaglietti, 2019. "Characterizing the current expansion across non-euro area advanced economies: where do we go from here?" ECB Economic Bulletin 2/2019, Box1.