Francesca Zucchi is a Senior Economist in the Directorate General Research of the European Central Bank. Before joining the European Central Bank, she worked at the Federal Reserve Board of Governors in Washington DC, where she held several positions in the Division of Research and Statistics. She received her Ph.D. in Finance from the École Polytechnique Fédérale de Lausanne and Swiss Finance Institute (Switzerland) and visited the Kellogg School of Management at Northwestern University (U.S.A.) during her studies.