Economist · Ph.D.

Sathya Mellina

About me

I am an Economist in the Macroeconomic and Financial Scenario Department at Enel Group, and a Scholar Associate at the Centre for Applied Macroeconomic Analysis at the Crawford School of Public Policy, Australian National University.

My research focuses on the design, communication and transmission of monetary policy in an increasingly interconnected global economy. I am particularly interested in how central-bank narratives shape inflation and interest-rate expectations, how monetary-policy communication affects asset prices and the term structure of expectations, and how monetary and oil shocks propagate through energy markets and economic activity.

Before joining Enel, I was a Research Associate in the Macroeconomic Modelling and Forecasting team at the National Institute of Economic and Social Research in London. I also worked as a PhD trainee at the Economic Research Centre of the Deutsche Bundesbank, gaining experience in policy-oriented research within one of Europe’s leading central-banking institutions.

I hold a PhD in Economics from Loughborough University, where my doctoral research examined central-bank communication. More broadly, my work combines monetary economics with data science, applying text mining, machine learning, forecasting and nowcasting techniques to study central-bank communication, inflation dynamics, financial markets and geopolitical risk.

Selected research

• Deciphering Delphic Guidance: The Bank of England and Geopolitical Uncertainty

  with J. Chadha, C. Macchiarelli, S. Goel and A. Hantzsche

  Journal of International Money and Finance, 162, 2026Published

• Narratives and the Term Structure of Inflation Expectations

  with J. Benchimol

  CAMA Working Paper 29/2026

• The Role of Central Bank Knowledge and Trust for the Public’s Inflation Expectations

  with T. Schmidt

  Deutsche Bundesbank Discussion Paper No. 32/2018

All papers, policy writing and talks →

Background

• Since 2026Scholar Associate, Crawford School of Public Policy, Australian National University
• Since 2020Economist, Macroeconomic and Financial Scenario Department, Enel Group, Italy
• 2019–2020Visiting Lecturer in Economics and Finance, John Cabot University, Italy
• 2018Research Associate, Macro Directorate, National Institute of Economic and Social Research, UK
• 2017PhD Traineeship, Economic Research Centre, Deutsche Bundesbank, Germany
• 2016–2021Ph.D. in Economics, Loughborough University, UK — Essays on Central Bank Communication: A Text Mining Approach
• 2013–2014M.Sc. International Economics, Banking and Finance, Cardiff University, UK — Distinction

© 2026 Sathya Mellina. Views expressed here are my own and do not represent those of Enel Group or any other institution.