Carlo Favero holds a D.Phil. from Oxford University, where he was a member of the Oxford Econometrics Research Centre. He has been professor of Econometrics at Bocconi University from 1994 to 2001 and professor of Economics since 2002. In 2009 he joined the newly formed Dept of Finance at Bocconi University, where he teaches Econometrics. He has published in scholarly journals on the econometric modelling of bond and stock prices, applied econometrics, monetary and fiscal policy and time-series models for macroeconomics and finance. His research interests have recently extended to 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. He is a research fellow of CEPR in the International Macroeconomics programme. He is 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). He is advisor to the Italian Ministry of Treasury for the construction of an econometric model of the Italian economy. He has been consulting the European Commission, the World Bank and the European Central Bank, on monetary policy and the monetary transmission mechanism and bond markets. He is member of the editorial board of the Bocconi Springer Series in Mathematics, Statistics, Finance and Economics. He coauthored with A.Alesina and F.Giavazzi 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.