Residence: Via Idice, 132 – 40050 Monterenzio (BO), Italia Home Address (for any communications): Via A. Murri n.86, - 40137 Bologna (BO) ++39-051 -493892 (home)
Work Address: Dipartimento di Scienze Economiche, Università di Bologna, Piazza Scaravilli, 2 – 40126 Bologna (BO), Italia, Tel. e Fax: ++39-051-2098019.
Sex Male | Place and Date of Birth Bologna, 14/04/1968 | Citizenship Italian
Married, 2 sons.
PREVIOUS ACADEMIC POSITION
PROFESSIONAL EXPERIENCE
ACTUAL POSITION
EDUCATION AND TRAINING
Associate Professor (tenured) of Economics (SECS P/01), Department of Economics, University of Bologna.
Director of the High Training Course in Economics and Management of Credit Cooperative, University of Bologna.
Ph.D. in Economics, Yale University, New Haven, CT, USA, 2002 Master of Philosophy in Economics, Yale University, New Haven,
CT, USA, 1997 Ph.D, University of Bologna, 1996 Master of Arts in Economics, Yale University, New Haven, CT,
USA, 1995. B.A. in Economics (Laurea), University of Bologna, 1992
From 10/1998 to 9/2005 Assistant Professor of Economics
University of Bologna, Alma Mater Studiorum, Faculty of Economics, Bologna, Department of Economics, Piazza Scaravilli n. 2, 40126 Bologna. http://www.dse.unibo.it
Activity or Sector Research, Teaching, Economics, Finance
From 5/2016 – current Mediolanum Corporate University via Ludovico il Moro 4/a 20080 Basiglio (MI)
http://www.mediolanumcorporateuniversity.it/
▪ External Consultant to Marketing Director and Director of Mediolanum Corporate University for training and economic research internal programs. .
From 4/2016 – 5/2016 Close to Media via Caradosso 8, 20123
www.closetomedia.it
▪ Speaker in public meetings aiming to restore trust in the ‘Good Banks: Cassa di Risparmio di Ferrara, Banca Etruria and Cassa di Risparmio di Chieti’.
Business or sector: Economics and Finance
From 3/2015 – present Consultant for Asian Development Bank
Asian Development Bank http://www.adb.org
▪ Head of a team group responsible to validate a Term Structure model for the bonds issued from Mongol Government.
Business or sector: Economics and Finance
From 10/2014 to 3/2015 President (Chairman) of Board of ADVAM PARTNERS Sgr SpA, Milano, Italy
Advam Partners SGR S.p.A., Via Turati, 9, 20121 Milano, http://www.advamsgr.it
▪ Chairman of the Board of Directors, with mandate to maintain relationship with Bank of Italy and Consob (Surveillance Authorities). Responsible for the signalling for Suspicious Operations, in line with anti-money laundering laws.
Business or sector Economics and Finance
From 4/2014 to 12/2014 Consultant for Central Bank of Mongol Republic
Bank of Mongolia, Baga Toiruu-3, 15160, Ulaanbaatar-46, Mongolia, http://www.mongolbank.mn email: [email protected]
▪ Head of a team group work in charge to define, set up and estimate the medium-term macroeconomic models for the Central Bank of Mongolia. The duties have also included a periodo of traninig of personnel and strong coordination with top management of the Central Bank in the seting up of the model.
Business or sector: Economics and Finance
From 2/2011 – present Technical Advisory of Lawyers in public and private trials
Studio La Scala, Via Correggio 43, 20149 Milano, http://www.lascalaw.com
▪ Setting up of expert’s report to be employed in public trials for the subject of Asset Management, Insider Trading and Complex Derivative Pricing, in the Courts of Milan, Bologna, Rome and Lugano.
Business or sector: Economics and Finance
From 1/2013 to 6/2013 Risk Manager (in outsourcing) for Adenium Sgr Spa, Milan, Italy
Task assigned by the Board of Directors of Adenium Sgr Spa, Milan, Italy
▪ Full operational Risk Management Activity for Investment Fund. It includes fund risk limit, breach surveillance, compliance, risk tools analysis and implementation, macroeconomic scenario analysis, risk report preparations.
Business or sector: Economics and Finance
From 9/2011 to 11/2011 Expert Report on Interest Rate Swap
Task assigned by Budget Aldermen of the City Council of Ferrara, Piazza del Municipio n.2, 44121 Ferrara (FE), http://www.comune.fe.it
▪ The job has been about the evaluation and pricing of an amortizing Interest Rate Swap contract, in order to examine the economic advantage of an anticipated end of the contract.
From 1/2010 to 12/2010 Training and Consulting with supporting to CEO for ION Trading, U.K.
Task assigned by CEO of ION Trading, 30, St.Mary Axe, London EC3A 8EP United Kingdom, http://www.iontrading.com
▪ This job was about the To lead Training Sessions on a 2-days course on fixed-income securities, including the teaching material (almost 400 slides) and both in class and homework exercises. Topics covered: basics of fixed income, bond pricing, term structure analysis, structured bonds (MBS, ABS-CDO), derivative pricing on fixed income securities, CDS and MTN. Among the duties there was the task of preparing slides, handouts and exercises and all material needed for the course. Together with this, the job has included separate meeting sections with CEO and top management of the company to analyze strategic development options for the company itself, through perspective M&A activity.
Business or sector: Economics and Finance
From 1/2010 to 12/2010 Consultancy in Asset Management for Emilbanca, Credito Cooperativo, Bologna
Emilbanca Credito Cooperativo, Via Mazzini n. 152, 40133 Bologna (BO), http://www.emilbanca.it
▪ The task has been about to lead an internal workgroup with the task of analyzing all points of weakness and strength of the bank with respect to asset allocation problem. The work has been on analyzing: the construction of portfolio benchmarks to be offered to customers; monitoring portfolio; tactical and strategic asset allocation; normative aspects in wealth management (MIFID); meetings with the sales force to highlights strategies of approaching customer and design of clientele’s portfolio. The role played was that of the leader of the working group, referring only to CEO and CFO of the bank.
Business or sector: Economics and Finance
From 5/2010 to 7/2010 Training Program for Cariparma e Piacenza (banking firm) on Portfolio Management
Task assigned by Prometeia S.p.A., Via Marconi n.43, 40122 Bologna Bo, http://www.prometeia.it
▪ 10-days training program on portfolio management, clientele relationship MIFID compliant. The training included also a session on a software of asset management. Topics covered: general principles about MIFID, clientele clustering according to risk attitude and wealth, sources of warning signals in portfolio management; risk and asset prices: how to manage it; CAPM and APT; quick review of basic Bayesian principles; wealth projection in the future.
Business or sector: Economics and Finance
Dal 5/2007 al 10/2010 Consultancy for Portfolio Management and Credit Risk Management, for Regional Federation of Credit Cooperative Banks (BCC) of Emilia Romagna.
Regional Federation of Credit Cooperative Banks (BCC) of Emilia-Romagna, Via Trattati Comunitari Europei n. 17, 40127 Bologna (BO), http://www.fedemilia.bcc.it
▪ Team leader of an internal working group aiming wit the goal of providing research and support in the CEO decision making for Asset Management Strategies and Funds selection strategies. The duties included funds selection analysis, portfolio benchmark modelling, training and briefing services on normative (Mifid compliant) aspects and strategic issues, such as the undersigning of agreements with Investment Funds. As a part of the duties there were informative conference meetings about the role of investments strategies and macro-asset classes scenarios.
Business or sector: Economics and Finance
From 3/2009 to 6/2009 Expert report about the pricing of a series of Amortizing Interest Rate Swaps, for Gruppo Delta S.p.A., Bologna
Gruppo Delta S.p.A., Via Cairoli n. 8/F, 40121 Bologna (BO), http://www.gruppo-delta.it
▪ Consultant to the CEO, CFO and Board of Advisors in order to price a set of 10-years amortizing IRS issued to cover notes issued to securitize credit card assets (Notional Value: 3.5 Euro billions). The duties were related to write a document with a full description of pricing technique adopted together with the effective results, in order to determine the fair value for all the IRS to be included in the balance sheet. The entire set of hedge tests required by IAS and IASB to be included in the report was explicit part of the duties. .
Business or sector: Economics and Finance
From 2/2007 to 10/2007 Consulting on Bank-Firm relationship lending and territorial development in Emilia-.Romagna with respect to Credit Risk Monitoring
Regional Federation of Credit Cooperative Banks (BCC) of Emilia-Romagna, Via Trattati Comunitari Europei n. 17, 40127 Bologna (BO), http://www.fedemilia.bcc.it
▪ The job has been about the coordination of a teamwork composed by academicians and manager of the Regional Federation of Credit Cooperatives, to perform a research study on the strategic positioning of Credit Cooperatives and their relationship with the entrepreunerial system of the Emilia Romagna, together with an anlysis on credit risk dynamics of local banks’ balance sheet. The research results have been collected in a report and presented in the Annual Meeting of the Regional Federation of BCC in Lion in october 2007.
Business or sector: Economics and Finance
From 9/2007 to 7/2008 Team project manager at Prometeia S.p.A on Macro Drivers for Credit Risk Models
Prometeia S.p.A., Via Marconi n.43, 40122 Bologna Bo, http://www.prometeia.it
▪ The job concerned in coordinate a group of 5 professionals in setting up a Global Vector Autoregression model needed to provide the macro-grounds for a stress testing exercise in capital adequacy credit risk models. The duties included: data transformation, system setting up and estimation, backtesting and simulation, writing of technical report.
Business or sector: Economics and Finance
From 3/2007 to 7/2007 Training Program in Financial Economics (in english)
BPL Suisse, Lugano, Switzerland
▪ The job concerned the set up and the offer of a two-sessions of 15 days each of a training course in Macroeconomics and Finance. Audience: middle-ranked management. The job duties included: material preparation (more than 500 slides), lectures, practical sessions. Topics covered: Macroeconomics, Basic Finance (time value of money); Fixed Income Securities; basics about stock-company evaluation; portfolio management concepts (CAPM, APT, Factor models); a primer on derivative pricing (Futures, Swaps and Options).
Business or sector: Economics and Finance
From 10/2000 to 10/2001 Head of a Teamwork group to set up financial products for immigrants clientele.
Regional Federation of Credit Cooperative Banks (BCC) of Emilia-Romagna, Via Trattati Comunitari Europei n. 17, 40127 Bologna (BO), http://www.fedemilia.bcc.it
▪ The job consisted in coordinating a teamwork group with the goal to analyze the market for financial products for immigrants and to study specific financial products for this type of customers of Credit Cooperatives in Emilia Romagna.
Business or sector: Economics and Finance
7/2016 – present Board of Directors Member of CPL Concordia
PREVIOUS APPOINTMENTS As member of Board of Directors
TEACHING ACTIVITY IN ITALY
11/2012 – present Board of Directors Member of Unifortune Asset Management Sgr S.p.A., Milano
Unifortune Asset Management Sgr S.p.A., Via Donizetti, 53 20121 Milano (MI), http://www.unifortune.it
▪ Board of Directors Member, independent, without any executive roles or mandates.
Business or sector: Finance
5/2011 – present Chairman (President) of Probiviri Council, Banca di Rimini, Credito Cooperativo
Banca di Rimini, Banca di Credito Cooperativo, Via Garibaldi 147, 47921 Rimini (RN), http://www.bancadirimini.it
▪ Chairman of the Probiviri Council, body aiming to manage the relationships emerging among members (shareholders) of the Bank.
Business or sector: Credit
5/2014 – 4/2016 Board of Directors Member of Manutencoop Facility Management, Zola Predosa (BO)
Manutencoop Facility Management S.p.A, Via U. Poli 4, 40069 Zola Predosa (BO), http://www.manutencoop.it
▪ Board of Directors Member, independent, without any executive roles or mandates.
Business or sector: Facility Management
10/2014 – 3/2015 Chairman (President) of the Board of Directors of Advam Partners Sgr, SpA, Milan
Advam Partners SGR S.p.A., Via Turati, 9, 20121 Milano, http://www.advamsgr.it
▪ Chairman of the Board of Directors of the Fund Company, member of the Investment Committee, with the responsibility of suspicious operations signalling according to anti-money laundering law.
Business or sector: Finance
5/2008– 4/2014 Member of the Surveillance Board of Manutencoop Facility Management, Zola Predosa (BO)
Manutencoop Facility Management S.p.A, Via U. Poli 4, 40069 Zola Predosa (BO), http://www.manutencoop.it
▪ Member of Surveillance Board, dual governance system.
Academic Year 2015/2016 “Asset Pricing”, Laurea Magistrale in Economics, Master in Economics (LMEC), in english, School of Economics, Management and Statistics, University of Bologna (30 hours).
“Financial Engineering for Asset Management”, Laurea Magistrale in Quantitative Finance, Master in Quantitative Finance, in english, School of Economics, Management and Statistics, University of Bologna (30 hours).
“Asset Pricing in General Equilibrium”, Ph.D. program in Economics, Department of Economics, University of Bologna.
“International Finance”, Laurea Magistrale (Master) in Business Administration, School of Economics, Management and Statistics, University of Bologna, Forlì Campus (30 hours ).
“International Trade”, Laurea Magistrale (Master) in Business Administration, School of Economics, Management and Statistics, University of Bologna, Forlì Campus (30 hours ).
Academic Years 2013/2014 and 2014/2015
“Macroeconomics”, B.A. program in Economics and Management (3-years program), presso School of Economics, Management and Statistics, University of Bologna, Forlì Campus
“Advanced Macroeconomics 3b (Monetary Policy)”, Laurea Magistrale in Economics, Master in Economics (LMEC), in english, School of Economics, Management and Statistics, University of Bologna (30 hours).
“Corporate Finance”, Laurea Magistrale in Economics, Master in Economics (LMEC), in english, School of Economics, Management and Statistics, University of Bologna (30 hours).
“Financial Engineering for Asset Management”, Laurea Magistrale in Quantitative Finance, Master in Quantitative Finance, in english, School of Economics, Management and Statistics, University of Bologna (30 hours).
“Asset Pricing in General Equilibrium”, Ph.D. program in Economics, Department of Economics, University of Bologna.
“International Finance”, Laurea Magistrale (Master) in Business Administration, School of Economics, Management and Statistics, University of Bologna, Forlì Campus (30 hours ).
Academic Years 2011/2012 and 2012/2013
“Macroeconomics”, B.A. program in Economics and Management (3-years program), presso School of Economics, Management and Statistics, University of Bologna, Forlì Campus.
“Advanced Macroeconomics 3b (Monetary Policy)”, Laurea Magistrale in Economics, Master in Economics (LMEC), in english, School of Economics, Management and Statistics, University of Bologna (30 hours).
“Market Microstructures”, Laurea Magistrale in Quantitative Finance, Master in Quantitative Finance, in english, School of Economics, Management and Statistics, University of Bologna (30 hours).
“Asset Pricing in General Equilibrium”, Ph.D. program in Economics, Department of Economics, University of Bologna.
Academic Years 2005/2006, 2006/2007, 2007/2008, 2008/2009,
2010/2011
“Macroeconomics”, B.A. program in Economics and Management (3-years program), School of Economics, Management and Statistics, University of Bologna, Forlì Campus.
“International Monetary Economics”, Laurea Magistrale (Master) in Business Administration, School of Economics, Management and Statistics, University of Bologna, Forlì Campus (30 hours ).
“Introduction to Economics”, B.A. program in Economics of Non-profit organization, Economia delle Organizzazioni Non Profit (laurea triennale), (3-years program), School of Economics, Management and Statistics, University of Bologna, Forlì Campus.
“Ethical Finance”, Laurea Magistrale (Master) in Economics for Non-Profit Organization, School of Economics, Management and Statistics, University of Bologna, Forlì Campus.
“Monetary Policy in Dynamic Macroeconomic Models”, Laurea Magistrale in Economics, Master in Economics (LMEC), in english, School of Economics, Management and Statistics, University of Bologna (30 hours).
“Macroeconomics”, Ph.D. program in Economics, Department of Economics, University of Bologna.
“Market Microstructures”, Laurea Magistrale in Quantitative Finance, Master in Quantitative Finance, in english, School of Economics, Management and Statistics, University of Bologna (30 hours), only in the A.A. 2010/2011.
“Monetary Economics”, B.A. program in Economics and Finance, School of Economics, Management and Statistics, University of Bologna .
“Monetary Policy and Fixed Income”, Laurea Magistrale (Master) in Finance, Market and Financial Intermediaries, School of Economics, Management and Statistics, University of Bologna.
Academic Years 2000/2001, 2001/2002, 2002/2003,
2003/2004
“Macroeconomics”, B.A. program in Economics and Management (3-years program), School of Economics, Management and Statistics, University of Bologna, Bologna Campus.
“Macroeconomics”, Ph.D. program in Economics, Department of Economics, University of Bologna.
“Derivatives Theory”, Laurea Magistrale (Master) in Finance, Market and Financial Intermediaries, School of Economics, Management and Statistics, University of Bologna .
“Capital Asset Pricing”, Ph.D. program in Markets and Financial Intermediaries, Catholic University of Milan, and University of Bologna.
Academic Years 1998/1999 and 1999/2000
Teaching Assistanship for Microeconomics courses (prof. Delbono and Zamagni), School of Economics, Management and Statistics, University of Bologna.
“Macroeconomics”, B.A. program in Economics and Management (3-years program), School of Economics, Management and Statistics, University of Bologna, Bologna Campus .
Academic Years from 2000/2001 to 2014/2015
Thesis Committee Director for around 48 Graduation Thesis (B.A. program). Thesis Committee Director for around 65 Graduation Thesis (Master program), from AA.
2005/2006 to the present one AA 2015/2016). Chairman of Dissertation Committee of Ph.D. Program in Economics, Department of
Economics, University of Bologna, for: Luigi Antonelli e Matteo Falagiarda.
Academic Year 2010/2011 Adjoint Professor of Fixed Income Securities, Johns Hopkins University, Bologna Center, SAIS Program.
Academic Years 2004/2005, 2006/2007, 2007/2008 and
2008/2009
Adjoint Professor of Macroeconomics, Johns Hopkins University, Bologna Center, SAIS Program.
Academic Years 2002/2003 and 2003/2004
Adjoint Professor of Corporate Finance, Johns Hopkins University, Bologna Center, SAIS Program.
Academic Years 1999/2000, 2000/2001 and 2001/2002
Adjoint Professor of Financial Market Analysis, Johns Hopkins University, Bologna Center, SAIS Program.
Academic Year 1996/1997 Teaching Assistant for Macroeconomics, Prof. W. Nordhaus, Yale University, CT, USA. Head Teaching Assistant for Macroeconomics, Prof. R. Fair, Yale University, CT, USA.
Academic Year 1993/1994 Quantitative Methods, Johns Hopkins University, Bologna Center, SAIS Program.
Academic Years from 2010/2011 to 2015/2016
“Asset Management”, Advanced Training Course in Economics and Management of Credit Cooperative Banks, University of Bologna.
“Asset Management”, Advanced Training Course in Mathematical Finance, University of Bologna.
Academic Year 2014/2015 “Asset Management”, Executive Training Course: “Internal controls, compliance and risk management in banking and financial institutions”; organized by Foundation of the Central Bank of San Marino, together with Foundation Alma Mater, University of Bologna.
Academic Years from 2002/2003 to 2015/2016
i) “European Economic Integration” and ii) “Latin America in International Economic Environmnet”, Mastr in International Relations Europe-Latin America, University of Bologna, Buenos Aires Campus.
Academic Years 2006/2007 and 2007/2008
“Corporate Social Responsibility”, Master in Fund Rasing, University of Bologna.
Academic Years 2000/2001 and 2001/2002
“International Economics”, SPISA, Superior School in Administrative Sciences, University of Bologna.
Academic Year 2000/2001 “Portfolio Theory”, Master in Corporate Finance, Profingest, Bologna.
Anno Accademico 2000/2001 “Portfolio Theory”, Master in Corporate Finance, Luiss Management, Università Luiss Guido Carli’, Roma.
Academic Years from 2010/2011 to 2015/2016
Director of the High Training Course in Economics and Management of Credit Cooperative Banks, University of Bologna.
Academic Years from 2011/2012 to 2013/2014
Head of Admission Committee to Master Degree (Laurea Magistrale), School of Economics, Management and Statistics, University of Bologna, Forlì Campus.
Academic Years from 2005/2006 to 2011/2012
Head of the Committee for the tutorship selection, Presidente della Commissione selezione incarichi didattici per tutor, School of Economics, Management and Statistics, University of Bologna, Forlì Campus.
Academic Years from 2002/2003 to 2004/2005
Member of the Departmental Committee of the Department of Economics, University of Bologna, representing the component of Assistant Professors, with the task of compiling and monitoring the balance sheet of the Department.
Academic Year 2003/2004 Member of the National Selection Committee for the position of Assistant Professor (n. 1 position), University of Modena and Reggio Emilia, February 2004.
Academic Year 2002/2003 Member of the National Selection Committee for the position of Assistant Professor (n. 1 position), University of Lecce, July 2003.
Academic Years from 2000/2001 to 2003/2004
Member of the University Commission Counselling, Faculty of Economics, University of Bologna, Bologna Campus.
Research Activity performed in private institutions
TRAINING AND SCIENCE COMMUNICATION
EDUCATION AND TRAINING
Academic Year 2001/2002 Visiting Scholar, Princeton University, New Jersey, USA.
Anni Accademici dal 2007/2008 al 2009/2010
Head of Research Unit about Credit Rating of Cooperative Firms, Progetto Pluriennale d’Ateneo 2007-2009, global coordinator: Prof. Vera Negri Zamagni, Department of Economics, University of Bologna...
Academic Years from 2003/2004 to 2005/2006
Member of 40% Research Group. Global Coordinator: Prof. Paolo Onofri, Department of Economics, University of Bologna..
Academic Years from 2001/2002 to 2002/2003
Member of 40% Research Group. Global Coordinator: Prof.Carlo d’Adda, Department of Economics, University of Bologna.
Academic Years from 2000/2001 to 2002/2003
Member of Progetto Pluriennale d’Ateneo 2003-2005. Global coordinator: Prof. Giorgio Basevi, Department of Economics, University of Bologna.
Academic Years from 2000/2001 to 2001/2002
Member of European Union Research Group: “Ezoneplus: Eastward Enlargment of the Eurozone”, Italian Coordinator of the project: Prof. R. Orsi...
From 9/2012 to 6/2015 Head of the project on Financial Market Monitoring, Unifortune Asset Management Sgr Spa, Milano
From 2/2007 to 4/2008 Head of the Project about “Asymmetric Information in banking activity”, Regional Federation of Credit Cooperatives, of Emilia Romagna, (http://www.fedemilia.bcc.it )
From 9/2006 to 10/2007 Head of research project for the setup of a forecasting oil model, RIE, Ricerche Industriali ed Energetiche, Bologna (http://www.rie.it) .
From 2013 to 2015 Meeting with investors for macroeconomic scenarios description, FINECO Sgr
From 2012 to 2013 Seminar on European Economic Integration, Fondazione CEUR, Piazza della Resistenza, 9, 40122 Bologna
10/2012 Training seminar on “Stability and Growth Pact”, Superior School for Public Administration, Cabinet of the Prime Minister of the Italian Government, Bologna Offices.
From 3/2010 to 4/2010 Training for Entrepreneurs for Cofimp-Unindustria, Bologna.
From 2010 to 2014 Training and meetings for the Professional Association of Chartered Accountants, Bologna
From 2010 to 2012 Seminar activity on economic themes for Istituto Carlo Tincani, Piazza San Domenico, 3. 40100 Bologna
Communication skills I have high communications skills both in italian and in english language. I have developed such skilss after a long activity of teaching and training in universities and for public and private subjects. In particular, I developed the ability to persuade and to communicate job results. These skills allowed me to develop an important network of relationships.
Organisational / managerial skills I developed high organizational and management skills since 2004/2005, when I started to run professional activity together with research and teaching in university of bologna. This allowed me to take the responsibility and leadership in several consultancy and research projects. Through this experience I developed the opportunity to manage team work, leading group members to the results, given constraints provided by the external environment. As a Board of Directors member in several companies I developed important managerial and organizational skills. In particular, as Chairman of the Board of Directors of Advam Partners SGR I developed strong skills in both financial law and operational fund management aspects, together with the ability to interact with Banking and Financial Markets Surveillance Authorities..
Job-related skills Professional experiences allowed me to develop the following skills:
▪ Management of Investment Fund and Investment Fund Companies.
▪ Anti-money laundering knowledge.
▪ Knowledge about financial law for fund management.
▪ Relational skills within an international working environment.
Computer skills ▪ Excellent ability to work with Microsoft Office Suite (MS Word, Excel, PowerPoint).
▪ Excellent knowledge about software for numerical simulation and time series analysis: Matlab, Rats, Eviews.
▪ Excellent knowledge about LateX and Scientific Word.
Other skills National Qualifications for Full Professor of the discipline group P2A, Scientific-Sector SECS-P/02 (Economic Policy), obtained twice in 2012 and 2013.
Driving License Italian Driving License of Type B
Projects and Research Activity Portfolio theory both on theoretical and applied side, through the usage of multivariate GARCH.
Term Structure of Interest Rates and Macro-Finance models through the usage of Dynamic Stochastic General Equilibrium (DSGE) to detect the interactions between real and nominal side of the economy.
Asset Pricing in Dynamic Stochastic General Equilibrium. Banking models in Dynamic Stochastic General Equilibrium. Macroeconomic models to be employed as drivers for stress testing exercises for portfolio
a) Papers published on Scientific Journals 1) “La Finanziarizzazione è alla base delle recenti dinamiche del prezzo del petrolio ?”, Energia, Rivista
Trimestrale sui problemi dell’Energia, 2015, n.2, pagg. 42-47. (ISSN 0392-7911). 2) “Drivers of Demand and Supply in the Euro Interbank Market: the role of ‘Key Players’ during the recent
turmoil”, con C. Liberati, P. Zagaglia e P. Zappa, Financial Markets and Portfolio Management, 2015, 29, 207-250. DOI 10.1007/s11408-015-0251-7, giugno.
3) “Domestic versus international determinants of European Business Cycles: a GVAR Approach”, con M. Boschi e S. Salotti, Empirical Economics, 2015, 49, 303-421.
4) “Asymmetric information and term lending in the Euro money market: Evidence from the beginning of the turmoil”, with P. Zagaglia, The Quarterly Review of Economics and Finance, 2014, n.54, 487-499.
5) “A Continuous-Time Model of the Term Structure of Interest Rates with Fiscal-Monetary Policy Interactions”, with P. Zagaglia and S. Romagnoli, Communications in Mathematical Finance, 2013, Vol. 2 N.1, 1-28, ISSN
Conferences and Seminars 2013 Annual Scientific Meeting, Italian Society of Economists. 2012 Annual Scientific Meeting, Italian Society of Economists. 2009 Seminar, Department of Economics, University of Bologna. 2008 Dynare International Conference, Boston. 2008 Seminar, Department of Economics, University of Bologna. 2006. Society of Computational Economics, Cyprus. 2006 Annual Scientific Meeting, Italian Society of Economists. 2005. Society of Computational Economics, Washington. 2004. Society of Computational Economics, Amsterdam. 2004. Annual Scientific Meeting, Italian Society of Economists 2004. Seminar, University of Milano Bicocca. 2003. Seminar, Department of Economics, University of Bologna. . 2002 Annual Scientific Meeting, Italian Society of Economists . 2002. Seminar, Department of Economics, University of Bologna. 2001: Society for Economics Dynamics.
Honours and awards
Dissertation Fellowship, Department of Economics, Yale University, New Haven, CT, USA. September 1997.
Tuition Fellowship, Department of Economics, Yale University, New Haven, CT, USA. September 1996.
Scholarship supported by Ente per gli Studi Monetari, Bancari e Finanziari “Luigi Einaudi”, Rome. July 1995.
Prize for the Best Dissertation entitled to “Giuseppe Scagliarini”, University of Bologna, Prize for Best Dissertation entitled to “Mario Martini”, University of Bologna, 1994
Memberships
Member of the Italian Association of Economists. President of the Association “Friends of the Filarmonic Orchestra of Bologna Theatre”,
Teatro Manzoni, Via De’ Monari 1/2, 40121 Bologna.
Media presence Since 2007: columnist on economics opinions for “Corriere di Bologna”, local edition of “Corriere della Sera”.
Since 2007: columnist on the web-based opinion site: http://www.lavoce.info . Constant presence on local media (both Radio and TV) as commentator on economic
news..
References Professor Stefano Zamagni, Università di Bologna. Professor Alberto Giovannini, Chairman of the Board of Impregilo-Salini Doctor Ravjir Sarantsetseg, Head, Monetary Policy Division, Director of Monetary Policy
Division and Monetary Policy and Research Department, Central Bank of Mongolia. Professor Michael Plummer, Director of Bologna Center, School of Advanced International
Studies (SAIS), Johns Hopkins University. Doctor Nikola Spatafora, Lead Research Economist for East Asia and the Pacific at the
World Bank, New York. Doctor Thomas A. Lubik, Vice-President Federal Reserve Bank of Richmond, Virginia, USA.
2241-1968 (print), 2241-195X (online). 6) “The Impact of the 2004 Reform of the Operational Framework of the ECB: Structural GARCH Evidence”,
Journal of Finance and Investment Analysis, with P. Zagaglia, 2013, Vol. 2, No. 1, 85-100.
7) “Distortionary Tax Instruments and Implementable Monetary Policy”, with L. Marattin and P. Zagaglia, International Review of Economics and Finance, 2013, No.25, 219-243.
8) “Gold and the US Dollar: tales from the turmoil”, with Paolo Zagaglia, Quantitative Finance, 2013, Vol. 13, N. 4, 571-582.
9) “Measuring and Modelling the Market Liquidity of Stocks: Methods and Issues”,with A. Gabrielsen and P. Zagaglia, Journal of Finance and Investment Analysis, 2012, Vol. 1, No. 4, 89-129.
10) “Trading Directions and the Pricing of Euro-Interbank Deposits in the Long Run”, with P. Zagaglia, Applied Economic Letters, 2012, 19:18, 1827-1839.
11) “A welfare perspective on the fiscal-monetary policy mix: The role of alternative fiscal instruments”, with L. Marattin and P. Zagaglia, 2011, Journal of Policy Modelling, n. 33, 920-952.
12) “Volatility Forecasting for Crude Oil Futures”, with P. Zagaglia, Applied Economic Letters, 2010, Vol. 17 n.1, 1587-1599.
13) “Il Nuovo Accordo sul Capitale e il rapporto banca-impresa nel sistema BCC dell’Emilia-Romagna”, con B. Luppi e A. Scorcu, Studi e Note di Economia, 2 010, Vol. 15 n. 2, 297-313.
14) Basilea 2 e il rischio di insolvenza, with B. Luppi and A. Scorcu, Banca, Impresa, Società, 2009, Vol. 28 n. 2, 2009, 299-321.
15) “An (Un)Pleasant Arithmetic of Fiscal Policy: the Case of Italian Public Debt”, with L. Marattin, 2009, Economic Notes, Vol. 38 No. 3, 169-183.
16) “Nonlinearity in monetary policy: A reconsideration of the opportunistic approach to disinflation”, with I. Strid and P. Zagaglia, Structural Change and Economic Dynamics, Vol. 20, 2009, 288-300.
17) “Wage or Price-Based Inflation ? Alternative Targets in Optimal Monetary Policy Rules”, Journal of Economic Dynamics and Control, 33, 2009, pp. 1296-1313.
18) “A Note on the Conditional Correlation between energy prices: Evidence from Future Markets”, Energy Economics, 2008, n. 30, pp. 2454-2458.
19) “Are non-profit firms financially different?” with B.Luppi and A. E. Scorcu, Applied Financial Economic Letters, 2008, Vol. 4, Issue 3, 199-203.
20) “An Inventory of Simple Monetary Policy Rules in a New Keynesian Macroeconomic Model”, with Thomas A. Lubik, International Review of Economics and Finance, 2007, Vol 16, pagg. 15-36.
21) “Basilea 2 e l’accesso delle Cooperative al Credito”, con B. Luppi, in Rivista della Cooperazione, 2007, n. 1, pagg 13-21.
22) “Metodologia e primi risultati di un modello previsivo dei prezzi del petrolio”, Energia, Rivista Trimestrale sui problemi dell’Energia, 2006, n.4, pagg. 26-31. (ISSN 0392-7911).
23) “Optimal Monetary Policy with Price and Wage Rigidities”, Economic Notes, 2006, Vol. 35 n.1, pag. 63-95. 24) “Fiscal Policy in Infinite-Horizon Endogenous Growth Models: A Survey”, Rivista Internazionale di Scienze
Sociali, 2005, January-March, 93-130. 25) “Content Delivery and Vertical Integration in On-Line Content Markets”, with D. Lanzi, Review of Network
Economics, 2005, Vol. 4, No.1, pagg 63-74. 26) “Dollari o Euro ? Quale valuta per le transazioni petrolifere ?”, Energia, Rivista Trimestrale sui problemi
dell’Energia, 2004, n.1, pagg. 8 -21 (ISSN 0392-7911). 27) “Determinacy and Learning with Monetary and Fiscal Policy”, Rivista Italiana degli Economisti, VIII, n. 1, 2003,
pagg. 121-154. 28) “Critical Aspects in Modelling Monetary Policy”, Economic Notes, 1, 2003, pp. 107-121. 29) “Term Structure of Interest Rates with Monetary and Fiscal Policy”, in IFO Studien, 2/2002, pp.255-300. b) Papers published in Volumes 30) “Market Architecture: A Conceptual Framework and Real-world Systems”, in “Market Microstructure in
Emerging and Developed Markets” (part of Robert W. Kolb series in Finance) a cura di H. K. Baker and H. Kiymaz, John Wiley and Sons, Inc., 2013, pag. 137-157. ISBN 978-1-118-27844-4.
31) “Designing a Trading Market”, in “Market Microstructure in Emerging and Developed Markets” (part of Robert W. Kolb series in Finance) a cura di H. K. Baker and H. Kiymaz, John Wiley and Sons, Inc., 2013, pagg. 159-175. ISBN 978-1-118-27844-4
32) “Trading Strategies, Portfolio Monitoring and Rebalancing”, con R. Cesari, in “Portfolio Theory and Management” a cura di H. Kent Baker and Greg Filbeck, Oxford University Press, 2013, ISBN 978-0-19-982969-9, pag. 383-410.
33) “Effective Trade Execution”, con R. Cesari e P. Zagaglia, in “Portfolio Theory and Management” a cura di H. Kent Baker and Greg Filbeck, Oxford University Press, 2013, ISBN 978-0-19-982969-9, pagg. 411-437.
34) “Lo stress testing e le procedure di controllo nel sistema bancario: un modello per il Credito Cooperativo”, con P. Zagaglia, in “Il Credito Cooperativo. Storia, Diritto, Economia, Organizzazione”, a cura di A. Carretta, Il Mulino, Bologna (ISBN: 978-88-15-23430-8), 2011, pagg 343-381.
35) “La gestione dell’incertezza e del rischio”, in Enciclopedia degli Idrocarburi, Eni-Treccani, 2007, Capitolo 4.2, Volume IV, “Economia, Politica e Diritto degli Idrocarburi”, pagg 255-273.
36) “I mercati dei derivati sull’energia e sul gas: quali prospettive in Italia ?”, con A. Clo’, in “Scambi su Merci e derivati su commodities: quali prospettive ?”, a cura di M. Lamandini e C. Motti, Milano, Giuffrè, 2006, Quaderni di Giurisprudenza Commerciale, n. 294, pagg. 801-830.
37) “Uncertainty and Risk Management”, 2007, ENI-Treccani Hydrocarbons Encyclopaedia, Chapter 4.2, Volume 4, “Hydrocarbons Economics, Policies and Legislation”, pages 255-273.
38) “Inflation Targeting and Monetary Policy: some preliminary considerations for three accession countries”, in “Fiscal, monetary and exchange rate issues of the Eurozone Enlargement, A Report”, a cura di K. Zukrowska, R.Orsi, V. Lavrac, Warsaw School of Economics, The Knowledge Institute, maggio 2004.
c) Book 39) “Note e Problemi di Macroeconomia”, 2002, Esculapio Editore, Bologna. d) Forthcoming works d.1) Book 40) “Dynamic Stochastic General Equilibrium Models: the Macro-Finance Link: Term Structure and Asset Pricing
implications”, 2013, ISBN 978-88-470-2558-5. d.2) Papers under revision. 41) “Bond Transaction Services and the Term Structure of Interest Rates: Implications for Equilibrium
Determinacy”, con P. Zagaglia, Working Paper No. 821, 2012, Dipartimento di Scienze Economiche, Università di Bologna.“Determinacy of Interest Rate Rules with Bond Transaction Services in a Cashless Economy”, con P. Zagaglia, Research Discussion Papers 24/2008, Bank of Finland.
42) “A Further look at the 2004 Reform of the Operational Framework of the ECB”, Working Paper N. 659 (2009), Dipartimento di Scienze Economiche, Università di Bologna e Working Paper No. 3/2009, Dept. of Economics, Stockholm University.
43) “Lo ‘shock’ Lehman Brothers: Una Tempesta Dentro la Tempesta? L’Esperienza degli ETF LYXOR su Euro MTS”, con P.Zagaglia, DSE Working Paper 703, 2010. Università di Bologna.
44) “The multiplier Effects of Non-Wasteful Government Expenditure”, Working Paper N. 704 (2010), Dipartimento di Scienze Economiche, Università di Bologna.
45) “The Relationship Between Financial Risk Premia and Macroeconomic Volatility: Issues and Perspectives on the Run-Up to the Turmoil”, con P. Zagaglia e L. Zhoushi, Working Paper n. 732, 2011, Dipartimento di Scienze Economiche, Università di Bologna.
46) “Equilibrium Selection in a Cashless Economy with Transaction Frictions in the Bond Market”, con P. Zagaglia, Department of Economics Working Paper No. 769, 2011, University of Bologna.
47) “Optimal Trading Execution with Nonlinear Market Impact: An Alternative Solution”, con D. Ritelli e P. Zagaglia, Department of Economics Working Paper No. 797, 2012, University of Bologna.
48) “Bond Transaction Services and the Term Structure of Interest Rates: Implications for Equilibrium Determinacy”, with P. Zagaglia, Working Paper No. 821, 2012, Dipartimento di Scienze Economiche, Università di Bologna.
49) “A DSGE model with Endogenous Term Structure”, con M. Falagiarda, 2012, DSE Working Paper 830, 2012. Università di Bologna
50) “Term Structure Implications of Imperfect Asset Substitutability”, con M. Falagiarda, Settembre 2013, paper presented Annual Meeting of Italian Society of Economists, october 2013.
Bologna December 10th, 2016 Yours Faithfully,
Personal Declaration I hereby authorize my personal informations and data according to Decreto Legislativo 30 giugno 2003, n. 196 "Codice in materia di protezione dei dati personali”.
