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Caló, Silvia


Central Bank of Ireland, Ireland



Max Weber alumnus

Robert Schuman Centre

Cohort(s): 2015/2016, 2016/2017

Ph.D. Institution

Trinity College Dublin, Ireland


I am an international macroeconomist, specialized in fiscal policy in open economies and fiscal federalism.  My research interests are in the field of International Macroeconomics, Fiscal Policy and Fiscal Federalism, and International Finance.
I hold a PhD in Economics from Trinity College Dublin, where I wrote my thesis ‘Empirical Essays in Fiscal Policy’ under the supervision of Prof. Philip Lane. In my thesis I investigate the effects of fiscal policy of trading partners on the domestic economy; the impact of regulation on bailout spending; and the behaviour of structural and cyclical fiscal variables during credit booms.
After my PhD I worked as a teaching fellow and I joined the Fiscal Policies Division at the European Central Bank, where I have been collaborating on a project on the cost of public debt in federal countries. I have further pursued this research line as a post-doctoral fellow at Università Milano-Bicocca, where I have been working on projects on fiscal delegation and public debt, and on the optimal degree of decentralization in public investment.
During my PhD I worked as a Teaching Assistant for a large, first-year course.  Afterwards, I taught the macroeconomics module of a discussion-topics course for single-honour economics students, and Investment Analysis. I have also taught Mathematical Economics for the Mathematics department.

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