Carlo A. Favero

Deutsche Bank Chair in Asset Pricing and Quantitative Finance, Department of Finance at Bocconi University

Carlo Favero holds a D.Phil. from Oxford University, obtained in 1989 with a thesis on "Testing the Lucas Critique" written under the supervision of D.F. Hendry and J. Muellbauer. He has been lecturer in Economics at Queen Mary College in London from 1990 to 1993. He joined Bocconi in 1994 where he is currently Deutsche Bank Professor in Asset Pricing and Quantitative Finance. 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. He is a research fellow of CEPR in the International Macroeconomics programme. He is fellow of the Innocenzo Gasparini Institute for the Economic Research, of the Baffi Center and of the Institute for European Policymaking at Bocconi University . He is a member of the "Council of Experts" at the Italian Ministry of Economics and Finance. 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 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.