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Efrem Castelnuovo

Associate Professor Efrem Castelnuovo joined the Melbourne Institute of Applied Economic and Social Research in 2014.

Prior to joining the Melbourne Institute, Efrem has held positions at the University of Padova, and has taught at the Universities of Oxford, Bologna, Brescia, Rome Tor Vergata, and the Halle Institute for Economic Research.

Efrem earned a PhD in Economics from the Bocconi University (2004), and has been Associated Editor of the Journal of Applied Econometrics since 2013. His research agenda centres on the role of nonlinearities for the transmission of structural shocks, the identification of common factors across countries, and the empirical validation of structural DSGE models.

He has published his research in a number of international journals, including the Journal of Monetary Economics, Journal of Money, Credit and Banking, Economic Journal, Journal of Applied Econometrics, Journal of Economic Dynamics and Control, Oxford Bulletin of Economics and Statistics, Macroeconomic Dynamics, Journal of International Money and Finance, and Economics Letters.

Worrisome Signs Series

Uncertainty isn't causing slow economic growth, for now

Jun 14, 2017 06:13 am UTC| Insights & Views Economy

Uncertainty is widely recognised as a potential drag on economic growth. Workers who become more uncertain about their future wages reduce spending, for example, and business owners uncertain about future government policy...

A new index for economic uncertainty: nothing to fear but fear itself

Mar 08, 2016 23:01 pm UTC| Insights & Views Economy

A new monthly uncertainty index has been constructed by the Reserve Bank of Australia (RBA) to track the cost of different factors such as international events and government policy decisions on the economy. Uncertainty...

Economy

Asian Stocks Mixed as Tech Shares Slide Ahead of Nvidia Earnings

Asian stock markets traded mixed on Tuesday as technology shares followed overnight losses on Wall Street, while investors reacted to stronger-than-expected Japanese economic growth and ongoing geopolitical tensions in the...

US Stock Futures Steady as Nvidia Earnings and Iran Tensions Keep Investors on Edge

U.S. stock futures traded mostly unchanged late Monday as investors remained cautious following a technology-driven pullback on Wall Street. Market sentiment stayed fragile as traders closely watched escalating tensions...

Oil Prices Drop as Trump Delays Iran Strike, Russia Sanctions Waiver Eases Supply Concerns

Oil prices declined during early Asian trading on Tuesday after U.S. President Donald Trump announced a delay in a planned military strike against Iran, signaling that diplomatic negotiations were still underway. The...

Gold Prices Climb as Trump Delays Iran Strike, Boosting Safe-Haven Demand

Gold prices edged higher during Asian trading on Tuesday after U.S. President Donald Trump announced that a planned military strike against Iran had been postponed while diplomatic negotiations continued. The development...

Australian Consumer Sentiment Improves Slightly as Fuel Prices Ease

Australias consumer sentiment showed a modest recovery in May as lower fuel prices offered temporary relief to households facing ongoing financial pressure. The Westpac-Melbourne Institute Consumer Sentiment Index...

Politics

Russia Downs Drones Near Moscow as Airstrikes Hit Ukraine’s Izmail Port

Russia and Ukraine exchanged fresh overnight drone attacks on Tuesday, escalating tensions as the war continues with no breakthrough in peace negotiations. Ukrainian officials said a Russian air assault damaged critical...

TrumpRx Expands Discount Drug Access With 600 Generic Medications

U.S. President Donald Trump announced that TrumpRx.gov will now offer more than 600 generic prescription drugs, significantly expanding the administrations effort to lower medication costs for Americans. The...

Minnesota ICE Agent Charged in Venezuelan Immigrant Shooting During Trump Immigration Crackdown

Minnesota prosecutors have charged a U.S. Immigration and Customs Enforcement (ICE) agent in connection with the January shooting of a Venezuelan immigrant in Minneapolis during President Donald Trumps intensified...

Pentagon Watchdog Probes U.S. Caribbean Boat Strikes Amid Legality Concerns

The Pentagons internal watchdog has launched an investigation into whether U.S. military boat strikes in the Caribbean complied with official targeting procedures during operations tied to anti-crime and security missions,...

Alex Saab Faces U.S. Money Laundering Charges Over Venezuela Oil and Food Deals

Alex Saab, a Colombian-Venezuelan businessman closely linked to former Venezuelan President Nicolas Maduro, has been charged by the U.S. Department of Justice in a major money laundering case tied to Venezuelan government...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Tencent Shares Jump 4% as AI Models Move Toward Paid Commercial Services

Tencent Holdings (HK:0700) shares surged more than 4% on Tuesday after the Chinese tech giant announced plans to commercialize several of its artificial intelligence models, signaling a stronger push into monetizing AI...

Analog Devices Nears $1.5B Acquisition of AI Chip Firm Empower Semiconductor

U.S. semiconductor giant Analog Devices is reportedly in advanced discussions to acquire AI-focused chipmaker Empower Semiconductor in a deal valued at approximately $1.5 billion in cash, according to a Bloomberg News...

Google, Blackstone Launch $5B AI Cloud Venture to Challenge Nvidia and CoreWeave

Alphabets Google and Blackstone are reportedly joining forces to launch a new artificial intelligence cloud company powered by Googles proprietary AI chips, according to a Wall Street Journal report published Monday. The...

OpenAI Wins Elon Musk Lawsuit as Jury Rejects Claims Over AI Mission

A U.S. jury has ruled that OpenAI is not liable in a lawsuit brought by Elon Musk, marking a major legal victory for the artificial intelligence company. The verdict was delivered Monday in a federal court in Oakland,...

Samsung, Union Edge Closer to Deal as Strike Threat Looms

Samsung Electronics and its South Korean labor union are reportedly making progress in negotiations aimed at preventing what could become the largest strike in the companys history. According to a report from Yonhap...