About Me

My Bio

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I am a Professor of Macroeconomics and International Economic Policy at the University of Bologna. I also taught at L. Bocconi University (the course "The Economics of Financial Crises" in the PhD program), at Sorbonne (Paris I), Johns Hopkins (Bologna Center) and other Italian universities (Cattolica, Statale Bicocca - Milano, Udine, Universita' della Calabria, Bergamo).

I worked as a Consultant for the OECD, the World Bank, the Inter-American Development Bank, and was a resident Consultant, Visiting Scholar and resident Technical Assistance Advisor for the IMF, a research fellow of IGIER-Bocconi in Milan, and of the Rimini Centre for Economic Analysis.

I belong to the expert Rooster of the Fiscal Affairs Department, IMF and to the Expert Panel on Capital Markets of the Center for Economic Policy Studies in Brussels .

In February 2011 I addressed the European Parliament in a Public Hearing on the European sovereign debt crisis. In January 2016 I addressed the European Parliament on the European Fiscal framework. From November 2017 to November 2021 I was member of the Committee for the assignment of the Bank of Italy's "Bonaldo Stringher" scholarships for graduate studies in Economics.

My publications include, among others, the American Economic Review, the European Economic Review, The Journal of International Economics, The Journal of Money, Credit and Banking, The International Journal of Finance and Economics, The Journal of Economic Dynamics and Control, Oxford Economic Papers, Economica, IMF Staff Papers. I recently co-edit the book "Structural Reforms in Southern Europe: Policy Lessons" (Routledge)

I am a regular contributor to economic websites and newpapers such as Il Foglio.it, voxeu.org, roubini.com , lavoce.info, linkiesta.it, Econopoly.it


Ph.D. in Economics London School of Economics

Dissertation "Essays in International Interdependence and Policy Coordination", Referees Prof. F. van der Ploeg and Prof. C. Bean 1988

Master of Science in Economics, London School of Economics and Political Science, London 1984
Laurea in Discipline Economiche e Sociali, Università "L.Bocconi", Milano

Grade: 110/110 cum laude
Thesis: "Public Deficit and Exchange Rate Dynamics",
Referee Professor F. Onida, Co-Referees Professor M.Monti and F.Bruni. 1983

Maturità classica, Liceo "C.Beccaria", Milano

Grade: 58/60 1977

Work Experience

Professor of Economics

Università di Bologna, Facoltà di Scienze Politiche: Advanced Macroeconomics, International Political Economy 2001 - today

Visiting Professor

Università Bocconi, Ph.D Programme (The Economics of the Financial Crisis) 2010 - 2013

Research Fellow

IGIER, Bocconi University. 1990 - 2013

European Capital Market Experts Group

member, CEPS Brussels 2015 - today


ABI (Associazione Bancaria Italiana): Country-Risk and Banking Crises 2008 - 2012

Expenditure Policy Advisor

Ministry of the Economy and Finance, Senegal, under the Technical Assistance Program of the IMF: Public-Private Partenships in Infrastructures


Inter-American Development Bank, Washington, DC, Research Department: Fiscal Policy

Visiting Scholar

International Monetary Fund (IMF), Research Department: Capital Account Crises 2006


European Commission, ECFIN, Brussels: Lectures on Fiscal Policy 2004 - 2006

Headquarter Based Technical Assistance Advisor

Fiscal Affairs Department, IMF

Visiting Professor

Johns Hopkins University School of Advanced International Studies, Bologna Center, Italy: Lectures on International Trade 2002


The World Bank (Coordinator of a joint Research Project with Centro Luca D'Agliano, Bocconi University) : Globalization and the Labour Market

Visiting Professor

University of Paris I, Pantheon-Sorbonne, Lectures on the Economics of European Integration, Master ClassCleared by the "Commission Nationale des Universites de France" for the position of "Professeur des Universitès en Sciences Economiques" 2001

Associate Professor

Università di Milano-Bicocca Economics and Statistics Dept: International trade, International Macroeconomics 1996 - 2001


Università Bocconi: Macroeconomics (DES), Monetary Economics 1990 - 1996

Associate Professor

Università di Udine: Public Finance 1993 -1995

Associate Professor

Università della Calabria, Arcavacata (CS): Macroeconomics 1992 - 1993


Innoncenzo Gasparini Institute for Economic Research (IGIER),Bocconi University, Milan 1990 - 1992

Selected for the Young Professional Program

IMF 1990


Istituto Universitario di Bergamo: International Macroeconomics 1987

Research Assistant

Centre for Labour Economics, LSE, London 1984 - 1987


Istituto per la Ricerca Sociale (IRS), Milan 1984