Caterina Forti Grazzini is a PhD candidate at Freie Universität Berlin and a Research Associate in the Macro Department. She holds a Bachelor and a Master in Economics from Bocconi University (Milan, Italy). During her PhD she took part in the Fund Internship Programme of the International Monetary Fund (Finance Department) and in the Summer Graduate Programme of the European Central Bank (Research Department). Before the PhD she worked as a Junior Researcher for Pictet Asset Management, Milan. She is an applied macroeconomist and her main research interests lie in the fields of monetary policy, financial markets and household finance.