Michele Lenza is Head of Section in the Monetary Policy Research Division of the European Central Bank. He received a Ph.D. in Economics and Statistics from the Université Libre de Bruxelles and he is a Fellow of the Centre for Economic Policy Research (CEPR), the International Association for Applied Econometrics (IAAE) and the Euro Area Business Cycle Network. His research interests cover monetary economics, business cycle analysis and macroeconometric methods. His reserch appeared in peer-reviewed journals, such as Econometrica, the Journal of the American Statistical Association, the Journal of Econometrics, The Review of Economics and Statistics, the Journal of the European Economic Association and the Economic Journal, among others.