My research interests involve macroeconomic policy and theory and, in particular, dynamic quantitative macroeconomics. I have been working on economics methodology, labor market, business cycles, inventory cycles, time-series macroeconometrics, macromodeling, fiscal policy, Italy's and European economic policy issues. Current research projects deal with building structural and DSGE macroeconomic models, with providing fiscal risk indicators for the EMU economies and with estimating aggregate labor supply elasticities to evaluate the role of fiscal policy in Europe and in the US. Finally, I am also working on building a taxonomy of recessions in the postwar Oecd area and on providing a measure of discretionary government spending in Europe.