Carlo Ambrogio Favero

Department of Economics

Full Professor

Deutsche Bank Chair in Asset Pricing and Quantitative Finance

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carlo.favero@unibocconi.it

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Bio

D.Phil. from Oxford University, member of the Oxford Econometrics Research Centre.
Professor of econometrics at Bocconi University from 1994 to 2001, and professor of economics since 2002. Teaching econometrics at Bocconi's Department of Finance since 2009.
Research fellow of CEPR in the International Macroeconomics programme.
Fellow of the Innocenzo Gasparini Institute for the Economic Research at Bocconi University, and a member of the scientific committee of the Centro Interuniversitario Italiano di Econometria (CIDE).
Advisor to the Italian Ministry of Treasury for the construction of an econometric model of the Italian economy.
Consultant to the European Commission, the World Bank and the European Central Bank, on monetary policy and the monetary transmission mechanism and bond markets.

About

Member of the editorial board of the Bocconi Springer Series in Mathematics, Statistics, Finance and Economics. Coauthor with A.Alesina and F.Giavazzi of the book "Austerity. When it Works and When it Doesn't" (Princeton University Press 2019). The book has been translated in Chinese, Spanish and Italian and in May 2020 was awarded the Hayek Book Prize by the Manhattan Institute.

Research Interests

Throughout my career, my research has spanned a large set of issues, but it has focused on a common underlying theme: the application of econometric time-series methods to the analysis of questions relevant for economic policy making. At the methodological level I have constantly worked on the interaction between theory and data for the identification, specification and estimation of the econometric model relevant for policy analysis and forecasting.

Publications on the econometric modelling of bond and stock prices, applied econometrics, monetary and fiscal policy and time-series models for macroeconomics, and finance.

Research interests: estimation and simulation of realistic models of the spread of SARS-Cov-2 in an economy where the population has different age groups and sectors.