Universita Cattolica del Sacro Cuore (UCSC)

With its 5 campuses Università Cattolica del Sacro Cuore (UCSC), founded in 1921, is the only Italian university operating on a national scale and acting as a major research hub. UCSC extensive research activity is carried out through 62 departments and 93 research centers aimed at understanding crucial issues to life and society. The research group involved in MACFINROBODS consists of economists staffed at UCSC (Domenico Delli Gatti, Tiziana Assenza, Maurizio Motolese) or linked to UCSC (Emiliano Santoro, currently at Copenhagen University, who has been Unicredit fellow at UCSC) and of two prominent economists, Ester Faia and Gianmarco Ottaviano, staffed at Goethe University in Frankfurt and the London School of Economics respectively, who will collaborate with UCSC researchers to carry out the tasks presented below.

The group is specialized in macroeconomics, monetary and international economics, with an emphasis on macro-dynamic models with a sophisticated financial sector and heterogeneous agents. Domenico Delli Gatti and his colleagues have promoted and participated in the FP7 SSH projects POLHIA and RASTANEWS, as well as in the FP7 ICT project CRISIS. Ester Faia has been principal investigator of the FP7 SSH project MONFISPOL. Gianmarco Ottaviano…

Main tasks in the project

Researchers of the UCSC node will lead WP3 and WP7. WP3 will be led by Ester Faia and Gianmarco Ottaviano while WP7 will be led by Domenico Delli Gatti.

More information:

http://www.unicatt.it/

Key researchers and other contacts:

Team leader:

  • Domenico Delli Gatti is Professor of Economics at UCSC. He has been visiting scholar in various universities and research centres around the world, among which Columbia University, CESifo Munich, Santa Fe Institute, Standford University, Massachussets Institute of Technology. His research interests center around monetary and financial economics with heterogeneous agents. He has published in Journal of Economic Dynamics and Control; Journal of Economic Behavior and Organization (of which he is a former editor); Journal of Financial Stability; Macroeconomic Dynamics. He has recently co-authored the book “Macroeconomics from the Bottom-Up” (with: E. Gaffeo, M. Gallegati, S. Desiderio, P. Cirillo), Springer Verlag, 2011. He is associate editor of the Journal of Economic Interaction and Coordination. He is currently the coordinator of FP7 research project “Complexity Research Initiative for  Systemic InstabilitieS”(CRISIS) (2011-2014). From 2008 to 2011 he was the coordinator of FP7 project “Monetary, Fiscal and Structural Policies with Heterogeneous Agents” (POLHIA). At present, he is also participating with his research team in the FP7 project: “Macro-Risk Assessment and Stabilization Policies with New Early Warning Signals” (RASTANEWS) (2013-2016).

Researchers:

  • Ester Faia holds the Chair for Monetary and Fiscal Policy at Goethe University and holds a part time affiliation at UCSC for the time span of the project. Previously she held positions at Universitat Pompeu Fabra, the University of Rome Tor Vergata and was senior researcher at CEPREMAP Paris (2008-2011). She holds a PhD in Economics from New York University. She is a Senior Fellow at the Center for Financial Studies in Frankfurt and has served as a consultant at the European Central Bank. She is also Research Professor at Kiel Institute and a Research Associate at the Globalization and Monetary Policy Institute of the Federal Reserve Bank of Dallas. She is an Associate Editor of the Journal of Economic Dynamics and Control and of Macroeconomic Dynamics. From 2013 on, she will be a Panel member for Economic Policy. Her research, which covers the fields of finance, macroeconomics, labour economics, has been published in Journal of Monetary Economics, Journal of Money, Credit and Banking, Journal of Economic Dynamics and Control, B.E. Journal of Macroeconomics, Macroeconomic Dynamics.
  • Gianmarco Ottaviano is Professor of Economics at the London School of Economics and holds a part time affiliation at UCSC for the time span of the project. Previously he held positions at Bocconi University in Milan and at the University of Bologna. He holds a PhD in Economics from the Université Catholique de Louvain. He is a fellow at the Centre for Economic Performance (CEP-LSE), the Centre for Economic Policy Research (CEPR), the Center for Financial Studies in Frankfurt. He is member of the editorial board of Economic Policy, Journal of the European Economic Association, Journal of Economic Geography. His research, which covers the fields of international economics and spatial economics has been published in American Economic Review, European Economic Review, Journal of International Economics, Journal of the European Economic Association, Review of Economic Studies, Regional Science and Urban Economics, Journal of Economic Geography, Economic Policy.
  • Gianluca Femminis is Professor of Economics at UCSC. He received his PhD in Economics from the University of Warwick in 1996 and holds a Doctorate in Economics from the University of Pavia (1993). His research, which covers the fields of macroeconomics, information economics and investment theory, has been published in the Review of Economic Studies, B.E. Journal of Macroeconomics, the B.E. Journal of Theoretical Economics, Scandinavian Journal of Economics, Journal of Economic Dynamics and Control, Journal of Economic Behaviour and Organization and Macroeconomic Dynamics. Femminis also serves as Associate Editor of the Journal of Economic Dynamics and Control.
  • Maurizio Motolese is Professor of Economics at UCSC. He obtained his PhD in Economics in 1999 at the University of Bologna. He has been visiting scholar at KU Leuven and for several years at the Department of Economics at Stanford University. Motolese has published in international journals such as Economic Theory, Journal of Economic Dynamics and Control and Annals of Finance. His research focuses on uncertainty and general equilibrium theory, heterogeneous expectations, rational beliefs, endogenous beliefs and monetary policy, financial markets, computational economics.
  • Emiliano Santoro joined UCSC in 2010 as a UniCredit Research Fellow. Since November 2012 he is Associate Professor of Economics at the University of Copenhagen. He received his PhD in Economics from the University of Cambridge in 2008 and holds a Doctorate in Economics from the Catholic University of Milan (2006). His research, which covers the fields of macroeconomics and monetary economics, has been published in Journal of Monetary Economics, Journal of Money, Credit and Banking, Journal of the Royal Statistical Society (Series A), Journal of Economic Dynamics and Control, Economics Letters, Journal of Economic Behaviour and Organization and Macroeconomic Dynamics.
  • Tiziana Assenza is Assistant Professor at the UCSC, where she also completed her PhD in economics (2006). She is also a research fellow at the CeNDEF (UvA). She has been research fellow at the Federal Reserve Bank of New York and visiting scholar at the University of Wisconsin-Madison and at Columbia University. She has also taught macroeconomics and monetary economics at Goethe University in Frankfurt. Her research in macroeconomics and monetary economics with heterogeneous agents and heterogeneous beliefs has been published in the Journal of Economic Dynamics and Control; Journal of Economic Behavior and Organization; Macroeconomic Dynamics. She was guest-editor of the special issue “Rethinking economic policies in a landscape of heterogeneous agents” of the Journal of Economic Dynamics and Control.