Full Professor
Department of Economics

Personal page

Courses a.y. 2015/2016


Biographical note

Born August 11th, 1949. Degree in electronic engineering from the Politecnico di Milano. PhD in Economics, MIT, 1978.

Academic CV

Full Professor of Economics. Research Associate of the National Bureau of Economic Research (NBER) and research fellow of the Centre for Economic Policy Research (CEPR). He was Vice-Rector of Research-Assessment-Human Resources Development (2000-2002) and previously he has taught econometrics, mathematical economics and political economics at the Universities of Essex (GB), Padova, Venezia and Bologna. Co-editor of the European Economic Review from 1991 to 1999.  Visiting professor, MIT, 1999 to 2012. Adviser for the Italian Government for its Spending Review (2012). Adviser to the Federal Reserve Bank of New York (2013).


Research areas

International monetary economics, in particular issues related to European monetary integration. Public debt sustainability and fiscal stabilization. Monetary policy and financial institutions.

Selected publications

Italian Labor Force Participation: Disguised Unemployment on Campus (with A. Gentilini and R. Dornbusch), Mimeo, October 2000; The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets (with C. Favero and L. Flabbi), Mimeo, July 2000; Looking for Contagion: Evidence from the 1992 ERM Crisis (with C. Favero), October 2000; External Evaluation of IMF Economic Research Activities (with F. Mishkin and T.N. Srinivasan), April 2000; "European Financial Markets after EMU: A First Assessment" (with J.P. Danthine and E.L. von Thadden), NBER, Working Paper n. 8044, December 2000; Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries (with T. Jappelli, M. Pagano), January 2000; "Extracting Information from Asset Prices: the Methodology of EMU Calculators" (with C. Favero, F. Iacone and G. Tabellini), in European Economic Review; Monitoring European Integration 9: European Banking after EMU (with J.P. Danthine, E.L. von Thadden, X. Vives), London, CEPR, 1999; "How is the Debt Managed? Learning from Fiscal Stabilizations" (with A. Missale and P. Benigno), CEPR Discussion Paper n. 2655, December 2000.