I am a Macroeconomist at the Research Division of the Sveriges Riksbank (the Central Bank of Sweden) and a Research Affiliate at CeMoF (Stockholm University).
I work on consumption theory, the business cycle, labor economics, and monetary economics.
Email ettore.savoia@riksbank.se
Phone +46 8 787 06 98
Address: Monetary Policy Department, Research Division - Sveriges Riksbank, Brunkebergstorg 11 - SE-103 37, Stockholm, Sweden
April 2026. New paper: The Role of Firm Heterogeneity for the Transmission of Aggregate Shocks with M. Lenza, L. Rossi and G. Pagano Giorgianni
April 2026. Updated paper: Do we need firm data to understand macroeconomic dynamics? with Michele Lenza
March 2026. New paper: "Intertemporal Self-insurance and Excess Sensitivity of Affluent Households"
Note: This paper replaces earlier preliminary work based on the first chapter of my PhD dissertation, which circulated under the title “The Safe Non-Hand-to-Mouth.”