Research Units Director

Carlo Altomonte
Globalization and Industry Dynamics
Research Unit Director. Associate Professor of Economics of European Integration. He is Program Director of World Bachelor in Business. SDA Professor of Macroeconomics and International Business Environment within the Executive MBA programs, for which he has been awarded the ‘Best MBA Teacher’ prize. Visiting Professor, among others, at the Paris School of Economics (Panthèon-Sorbonne, Paris, France), NYU (New York, USA), Korean Business School (Seoul, Korea), Keio University (Tokyo, Japan), Fudan University (Shanghai, China) and KU Leuven (Leuven, Belgium)
Massimo Amato
Research Unit Director. Massimo Amato teaches History of Economic Thought and History of Financial Markets at Bocconi University. Among his books: L’énigme de la monnaie (2015), and, with Luca Fantacci, The End of Finance (2012), Saving Market from Capitalism (2014), For a Fistful of Bitcoins (2019). His research focuses on the (dys)functioning and possible reform of the monetary and financial system, at both global and local level. He is concerned with the problems of the Franc CFA, collaborating at its reform with African researchers and politicians. He designed with Fantacci a Local Complementary Currency for the city of Nantes (2011-2013), was a member of the French Ministerial Committee of Inquiry on CC (2014-2015), and of the Italian Ministerial Committee for a CC for bankruptcy auctions (2014-2015).
Filippo Annunziata
Research Unit Director. PhD in Commercial Law. 1998-2007 Associate Professor of Law and Economics at University of Bologna. Board member for the following academic journals: Rivista delle Società; Rivista di diritto Societario. Fellow member of Baffi-Carefin Centre, Università Bocconi. Academic Board Member; European Banking Institute, Frankfurt; Member of the research Group - European Central Bank on "Judicial Review of Central Banks' Decisions" (2017); European Banking Institute, Frankfurt; Senior Member of the Training Team for the Creation of Astana Stock Exchange, Kazakhstan (2017). Referee for italian and International reviews. Professor at Università degli Studi di Milano - Course in Musicology.
Bernardo Bortolotti
Director of the Sovereign Investment Lab. Bernardo Bortolotti is Director of the Sovereign Investment Lab at the Paolo Baffi Center of Central Banking and Financial Regulation at Bocconi University and Professor in economics at the University of Turin. His research focuses on the complex relationships between state and markets, with special emphasis on state ownership of firms, regulation, and corporate governance. He is one the leading experts in privatization, state-assets management and divestiture, and sovereign wealth funds. His work appeared in major academic journals and he has published two books with Oxford University Press. He has been Executive Director of Fondazione Eni Enrico Mattei. He has advised the World Bank, the Initiative for Policy Dialogue, the Italian Ministry of the Economy as secretary of the Global Advisory Committee on Privatization, the Italian Audit Office, and major listed companies and financial institutions. He is member of the Investment Committee of Compagnia di San Paolo. He is the founder of the Privatization Barometer. He received his PhD in economics from the Université Catholique de Louvain.
Elena Carletti
Banking, Finance and Regulation
Research Unit Director. Elena Carletti (Ph.D. London School of Economics, 2000) is Professor of Finance at Bocconi University. She is also the Scientific Director of the Florence School of Banking and Finance at the European University Institute, and a member of the Advisory Scientific Committee of the European Systemic Risk Board and of the Bank of Italy Committee for Paolo Baffi Lecture Series. Her main research areas are financial intermediation and regulation, corporate governance and sovereign debt. She has published numerous articles in leading academic journals, and has coedited various books. She participates regularly in policy debates and roundtables at central banks and international organizations, and has also organized numerous academic and policy-oriented events. She is Research Fellow at CEPR, Fellow of the Finance Theory Group and the Wharton Financial Institutions Center. Before joining Bocconi, she was Professor of Economics at the European University Institute. She has served in the review panel of the Irish Central Bank and the Riskbank; and has worked as consultant for the OECD and the World Bank. She has also been a board member of the Financial Intermediation Research Society and a review panel member for the creation of Financial Market Centres in Stockholm.
Stefano Caselli
Investment Banking and Structured Finance
Research Unit Director. Stefano Caselli is a Full Professor of Banking and Finance at Bocconi University, where is Dean for International Affairs. He received his Ph.D in Siena University in 1997 and his research examines the relationship between the investment banking sector and corporations, with a specific focus on corporate governance, regulation and financial services supply, in particular private equity and venture capital, corporate lending and structured finance. He has got a long experience as independent board member of financial institution and corporations. He acts as columnist for "L'Economia del Corriere".
Patrizia Contaldo
Observatory on insurance market
Research Unit Director. Patrizia Contaldo is the head of BAFFI Carefin Observatory on Insurance Market at Bocconi University and also cooperates with the Financial Education Unit. In the past, she has been a lecturer in the “Master on Assicurazioni Previdenza e Assistenza Sanitaria” (MAPA) at LIUC University. Her research is in insurance marketing with a focus on distribution and customer care. As a part of the activity of the Observatory on Insurance Market (and previously of the Pension and Insurance Division) of Baffi Carefin, she has coordinated research projects for ANIA (the Italian National Association of Insurance Companies) and COVIP (the Italian Supervisory Authority for Pension Funds).
Luca Fantacci
Research Unit Director. Luca Fantacci teaches economic history and history of economic thought at Bocconi University, Milan. His research focuses on financial crises, monetary reform, complementary and digital currencies, and the work of John Maynard Keynes. He is the co-editor of Money and Calculation (Palgrave 2010) and the author, with Massimo Amato, of The End of Finance (Polity 2011), Saving the Market from Capitalism (Polity 2014), and A Fistful of Bitcoin (Bocconi UP 2020). Together with Amato, he has acted as consultant to public administrations for the development of innovative exchange and payment solutions, designing, in particular, a local currency for the City of Nantes in France, a clearing system for Lombardy Region in Italy, and a complementary currency for bankruptcy procedures for the Italian Ministry of Justice. Inspired by Keynes’s ideas, Fantacci is working on clearing schemes, both at European and at local level, aimed at facilitating what today appears to be systemically obstructed: the payment of debts and the circulation of money.
Vincenzo Galasso
Research Unit Director. Vincenzo Galasso is Professor of Economics at Bocconi University, Milan; Research Fellow at the Center for Economic Policy Research (CEPR), London at the CES-Ifo, Monaco, at IGIER, Milano, and at the Center for Economic and Political Research on Aging (CEPRA) at the University of Lugano, Switzerland. He is the Director of the Bachelor in International Politics and Government in Bocconi, Editor of the European Journal of Political Economy, and a member of the editorial board of the Journal of Pension Economics and Finance. His research deals with political economics, aging, social security and the welfare state.
Stefano Gatti
Investment Banking and Structured Finance
Research Unit Director. Stefano Gatti is Director of the Full Time MBA at SDA Bocconi School of Management, where he’s been also Director of the International Teachers’ Programme. His main area of research is corporate finance and investment banking. He has published in these areas including publications in the Journal of Money, credit and banking, Financial Management, the Journal of Applied Corporate Finance and the European Journal of Operational Research. Professor Gatti has published a variety of texts on banking and finance areas and has acted as a consultant to several financial and non-financial institutions and for the Italian Ministry of the Economy, the Financial Stability Board, The InterAmerican Development Bank, The Asian Development Bank and the OECD/Group of G20. He is financial advisor of the Pension Fund of Health care professions, member of the compliance risk committee of Deutsche Bank and member of the Board of Directors and board of auditors of Italian industrial and financial corporations.
Massimo Guidolin
Asset and Risk Management
Research Unit Director. Massimo Guidolin is a Professor of Finance at Bocconi University, where he teaches a number of courses in Econometrics (both at the Master’s and Ph.D. levels) and Asset Pricing. He also teaches Portfolio Management at SDA Bocconi. Massimo holds a Ph.D from University of California, San Diego and he has held senior positions with the Federal Reserve Bank of Saint Louis and Manchester Business School. His research interests are various and span from non-linear time series models, to asset pricing, and dynamic portfolio choice. Massimo’s research has published in top economics, econometrics, and finance outlets (such as the Journal of Financial Economics and the Journal of Econometrics) and he serves on the editorial board of a number of journals, among them the Journal of Economic Dynamics and Control (Elsevier) and the International Journal of Forecasting (Elsevier).
Massimiliano Marcellino
Asset and Risk Management
Research Unit Director. Massimiliano Marcellino is a full professor of Econometrics in the Economics Department of Bocconi University and a fellow of CEPR, IGIER and EABCN. Previously, he held the Pierre Werner Chair on the Monetary Union at the European University Institute, where he was also the Director of the Department of Economics. He has published over eighty academic articles in leading international journals on econometrics, applied macroeconomics, economic statistics and forecasting, his main areas of research and teaching. He is currently an editor of the Journal of Forecasting and the coordinator of the European Forec.
Massimo Morelli
Research Unit Director. I am a Professor of Political Science and Economics at Bocconi University. Fellow of Society for the Advancement of Economic Theory, Fellow of the Econometric Society, Research Fellow at Centre for Economic Policy Research (CEPR), Innocenzo Gasparini Institute for Economic Research (IGIER) and Baffi Carefin Centre. My research interests are in game theory, mechanism design, political economy, governance institutions, development economics, behavioral and public economics, comparative politics and international relations.
Gianmarco Ottaviano
Globalization and Industry Dynamics
Research Unit Director. Gianmarco I.P. Ottaviano is Professor of Economics at Bocconi University and at the London School of Economics and Political Science where he is the Director of the Trade Programme at the Centre for Economic Performance. He is the co-author of many works in international trade, urban economics and economic geography. His recent publications focus on the competitiveness of firms in the global economy as well as the economic effects of immigration and offshoring on employment and wages.
Paolo Pinotti
Director of the Crime Law and Economic Analysis research unit. Paolo Pinotti is Associate Professor in the Department of Policy Analysis and Public Management at Bocconi University. He received his Ph. D in Economics from Universitat Pompeu Fabra in 2009 and worked at the research department of the Bank of Italy between 2007 and 2011. He is mainly interested in organized crime, immigration, political economy, and labor economics.
Oreste Pollicino
Research Unit Director. Full professor of Constitutional Law and Media Law, Bocconi University, Editor in Chief: Law and Policy of the new Media, Comparing fundamental rights in Europe; Elected associate member of the International Academy of Comparative Law (2017); Visiting Scholarship and Professorship: Oxford University, Law School (Institute of European and Comparative Law and Programme in Comparative Media Law and Policy), Central European University (Budapest), Haifa Global Law Program, Haifa; Judge at final rounds at Monroe Price Moot Court in Media Law, Oxford University.
Francesco Saita
Financial Education research unit
Director of the Financial Education research unit. Francesco Saita is Professor at the Finance Department of Bocconi University in Milan, where he has also been Head of the Department of Finance (2007-2010), Dean of the Graduate School (2010-2014). He has also been a member of the board of directors of different financial institutions. Professor Saita’s research interests include financial literacy and financial education, financial risk management, and derivatives. He is a member of the Scientific Committee of the Association of Italian Financial Industry Risk Managers (AIFIRM) and of the Fondazione per l’Educazione Finanziaria e al Risparmio (Foundation for Financial and Savings Education) created by the Italian Banking Association.
Laura Zanetti
Research Unit Director. Laura Zanetti is associate professor with tenure of corporate finance as well as academic director of the Bachelor of Economics and Finance at Bocconi University. Previously, she was a member of the Executive Council of the Department of Finance and Director of the Master of Science in Finance at Bocconi, Visiting scholar at MIT (Massachusetts Institute of Technology) and LSE (London School of Economics and Political Science). Her research interests include corporate finance and governance, industrial performance, long term capital and business valuation. She has published many books and papers on these subjects. Professor Zanetti has also served as a Certified Public Accountant and Certified Auditor, board member and statutory auditor for a number of major national and international listed companies, and she is the chairperson of Italmobiliare.