Courses a.y. 2024/2025
I have a long teaching history in MBA, Executive MBA, PhD, and undergraduate programs. I teach courses such as Global Economics, Investments, Corporate Finance, International Capital Markets, Financial Econometrics, Empirical Asset Pricing; and Advanced Methods for Macro Finance.
Biographical note
My research focuses on asset pricing in general equilibrium models in which there is uncertainty about the long horizon perspectives of the economy (growth news shocks). Projects include the study of international asset prices and exchange rates; the interaction between asset prices, investment decisions, wealth and welfare on a global scale; links between investors’ information and asset prices; growth implications of fiscal policy risks.
I have published in leading academic journals such as, for example, The American Economic Review, The Journal of Political Economy, The Journal of Finance, The Journal of Financial Economics, The Review of Financial Studies, and The Journal of Monetary Economics. Since September 2017, I am a CEPR Reseach Fellow. In April 2018, I was appointed as an NBER Research Associate.
I teach courses in finance and global macroeconomics at several leading academic institutions such as Bocconi, Wharton, STERN, ISB, Kenan-Flagler B.S. (UNC). In the PhD program, I teach empirical asset pricing and advanced methods for macro-finance. I received an award for my teaching in the PhD program and in 2019 I have been nominated Director of the PhD in Economics and Finance in Bocconi.
I received my PhD in Economics from New York University and master’s and bachelor’s degrees in economics from L. Bocconi University, Milan. He served as a research intern at Federal Reserve Board of Governors in Washington, D.C. and the European Central Bank in Frankfurt.
About
In 2021, I was appointed as a Co-Editor of Economics Letters.
Research interests
My research focuses on asset pricing in general equilibrium models in which there is uncertainty about the long horizon perspectives of the economy (growth news shocks).
Working papers
Uncertainty-Induced Reallocations and Growth
2016
SONOMA: a Small Open ecoNOmy for MAcrofinance
2018
A Tax Plan for Endogenous Innovation
Federal Reserve Bank of Minneapolis, System WP 18-02
Volatility (Dis)Connect in International Markets
2021
Selected Publications
When the markets Get CO.V.I.D: COntagion, Viruses, and Information Diffusion
JOURNAL OF FINANCIAL ECONOMICS, Forthcoming
Concealed carry
JOURNAL OF FINANCIAL ECONOMICS, Forthcoming
The leading premium
REVIEW OF FINANCIAL STUDIES, 2023
Volatility risk pass-through
The Review of Financial Studies, Forthcoming
Persistent government debt and aggregate risk distribution
Journal of Financial Economics, 2021
Government debt and the returns to innovation
Journal of Financial Economics, 2019
Recursive allocations and wealth distribution with multiple goods: existence, survivorship, and dynamics
Quantitative Economics, 2019
Currency risk factors in a recursive multicountry economy
The Journal of Finance, 2018
BKK the EZ Way: international long-run growth news and capital flows
The American Economic Review, 2018
News shocks and the production-based term structure of equity returns
The Review of Financial Studies, 2018
Investor information, long-run risk, and the term structure of equity
The Review of Financial Studies, 2015
Long-run productivity risk: a new hope for production-based asset pricing?
Journal of Monetary Economics, 2014
International asset pricing with recursive preferences
The Journal of Finance, 2013
Toward a quantitative general equilibrium asset pricing model with intangible capital
The Review of Financial Studies, 2013
International robust disagreement
The American Economic Review, 2012
The market price of fiscal uncertainty
Journal of Monetary Economics, 2012
Fiscal policies and asset prices
The Review of Financial Studies, 2012
Risks for the long run and the real exchange rate
Journal of Political Economy, 2011
The short and long run benefits of financial integration
The American Economic Review, 2010