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Federica Coelli

Federica Coelli

Principal Research Economist

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Federica Coelli is a Principal Research Economist at the EBRD Office of the Chief Economist. She is also a Research Affiliate at the Centre for Economic Policy Research (CEPR) and is affiliated with the University of Zurich’s Department of Economics.

Federica is an economist working on international trade and economic growth. Her research focuses on innovation and human capital as key drivers of growth. She studies how economic integration affects incentives for innovation and knowledge diffusion, how local economic shocks influence the geography of innovation, and how technological advances like automation and AI impact labor markets. She also examines the role of human capital in structural transformation and economic development.

Before joining the EBRD, Federica was a postdoctoral researcher at the University of Zurich and worked as a consultant in the Research Department at the International Monetary Fund.

She holds a Ph.D. in Economics from the University of Oslo.

Personal website - (external website - opens in new window).

Research interests

International trade

Innovation

Economic growth

Education

Ph.D. Economics, University of Oslo 2019

M.Sc. Economics, University of Bologna, (Summa cum laude) 2014

B.Sc. International Development, University of Bologna, (Summa cum laude) 2011

Journal articles

Coelli, F., Moxnes, A., and Ulltveit-Moe, K. H. (2022). Better, Faster, Stronger: Global Innovation and Trade Liberalization. Review of Economics and Statistics, 104(2): 205-216.​

Working papers

Coelli, F. (2025). Trade policy uncertainty and innovation: evidence from China.

Coelli, F. and Pelzl, P. (2025). Local booms and innovation.

Coelli, F., Ouyan, D., Yuan, W., and Zi, Y. (2023). Educating like China.

Policy writing, books and reports

Coelli, F., Aslam, A., Eugster, J., Ho, G., Jaumotte, F., Osorio Buitron, C., and Piazza, R. (2018). Is Productivity Growth Shared in a Globalized Economy? In: International Monetary Fund. World Economic Outlook: Cyclical Upswing, Structural Change, Chapter 4. Washington, DC, April.