We are pleased to share that Marco Lippi is featured in the interview “The Econometric Theory Interview: Professor Marco Lippi”, published in Econometric Theory and conducted by Matteo Barigozzi, Manfred Deistler, and Marc Hallin.
We warmly congratulate Marco on this recognition.
"The Republic of Letters and the Rise of the West" by Luigi Pascali and Mounu Prem (with Andrea Melillo and Francesca Asja Trento). More ...
We are pleased to share that Marco Lippi is featured in the interview “The Econometric Theory Interview: Professor Marco Lippi”, published in Econometric Theory and conducted by Matteo Barigozzi, Manfred Deistler, and Marc Hallin. We warmly congratulate Marco on this recognition.
"The Visibility Premium: Article Order and Citations" by Francesco Lippi (with Chun Chee Kok and Sascha O. Becker). More ...
We are pleased to congratulate Luigi Paciello, Full Professor at EIEF, on his appointment to the Board of Editors of the American Economic Review (AER), one of the most influential academic journals in economics. Luigi will serve a three-year term, effective from January 1, 2027 through December 31, 2029. This prestigious appointment recognizes his outstanding contributions to the field and his continued commitment to advancing economic research.
On Friday, March 27, we proudly celebrated a major milestone for the Rome Economics Doctorate (RED): its first graduate! Pierre Robiglio successfully defended his thesis, “Actionable Sources of Employer Market Power.” Following this achievement, he has joined the European Commission, where he will work with the Chief Economist Team within the Directorate-General for Competition. We warmly congratulate Pierre on this important accomplishment and wish him all the best in his future career.
EIEF offers funding for research projects in economics and finance to researchers based in Italian institutions. Submit your Applications by April 10th 2026. More…
"Misallocation with Lumpy Investment" by Francesco Lippi (with Aleksei Oskolkov). More ...
We are delighted to announce that Gaia Dossi has been awarded two prestigious awards: the Modigliani Research Grant, conferred by the UniCredit Foundation in collaboration with the Associazione Borsisti Marco Fanno and the Young Scholar Award for the Best Immigration Economics Paper at the 15th Annual Conference on “Immigration in OECD...
We are proud to announce that Francesco Lippi (Luiss Guido Carli & EIEF) has won the prestigious “Premio De Sanctis for Economic Science” (Giants in Economics). Well done, Francesco!
We are delighted to warmly congratulate Giancarlo Spagnolo (“Tor Vergata” University of Rome and EIEF) on being awarded an Advanced Grant from the Italian Science Fund (FIS) for his research proposal “Public Procurement as an Innovation Policy: Design, Competences and Outcomes”.
On November 19, 2025, Prof. Luigi Guiso delivered the Fourth Ugo La Malfa Lecture [text available only in Italian] in the Parliamentary Groups Hall, addressing the growing opacity of Italian legislation and its implications for citizens and the economy. Highlighting the contrast between the Constitution’s clear language and today’s complex legal drafting, Prof. Guiso examined whether the principle that “ignorance of the law is no excuse” can still hold in such a context. He also discussed the economic consequences of unclear rules and outlined possible remedies to improve transparency and restore trust in the legal system.
"Fiscal Unions with Present Biased Governments" by Facundo Piguillem (with Jacopo Orlandi), “Fiscal Rules and Discretion with Risk of Default” by Facundo Piguillem (with Chiara Felli and Liyan Shi), “Hyperbolic Discounting with Random Gratification” by Facundo Piguillem (with Liyan Shi) and "Optimal Redistribution with Government Debt" by Facundo Piguillem (with Kirill Shakhnov). More ...
EIEF will participate in the upcoming Job Market. Shortlisted candidates will be invited for virtual interviews between December 10 and 17, 2025. For more information, see the full Announcement.
"Empowerment or Indoctrination? Female Training Programs under Dictatorship" by Mounu Prem (with Felipe González and Cristine von Dessauer) and "The Economic Consequences of War" by Joao Monteiro (with Efraim Benmelech). More ...
We are proud to announce that Bernardo Ribeiro (EIEF) has been awarded the prestigious Young Economist Award 2025 by the European Economic Association. Congratulations, Bernardo!
"Military Spending and War" by Joao Monteiro (with Efraim Benmelech). More ...
EIEF warmly welcomes Gaia Dossi, who has joined the faculty as an Assistant Professor. Gaia holds a PhD from London School of Economics. Her research interests include labor economics, inequality and innovation.
"The Economic Costs of Ambiguous Laws" by Luigi Guiso and Claudio Michelacci (with Tommaso Giommoni and Massimo Morelli). More ...
"Entrepreneurs' Diversification and Labor Income Risk" by Marco Pagano (with Jan Bena, Andrew Ellul and Valentina Rutigliano). More ...
EIEF warmly welcomes Bernardo Ribeiro, who has joined the faculty as an Assistant Professor. Bernardo holds a PhD from Yale University. His research interests include economic growth, innovation, and long-run development.
EIEF warmly welcomes José-Luis Peydró who is joining the Faculty as a Fellow. José-Luis is a Professor of Economics and Finance at LUISS Guido Carli. His interests include Banking, Macroeconomics and Finance, International Finance, Monetary Policy.
"Women Behind Bars: Do Single-Gender Prisons Reduce Recidivism?" by Daniele Terlizzese (with F. Calamunci, G. Daniele and G. Mastrobuoni). More...
EIEF offers funds for research projects in economics and finance to researchers based in Italian institutions. Submit your applications by April 18, 2025. More...
EIEF is searching for a person with administrative experience for a full-time position. The deadline for applications is February 17, 2025. For further details, please see the job advertisement.
Francesco Lippi is one of the newly elected Fellows of the Econometric Society, the international society for the advancement of economic theory. Fellows represent the highest authority of the Econometric Society and elect its officers, Council and new fellows. Well deserved Francesco!
Emanuele Tarantino has been nominated Chief Competition Economist at the Directorate-General for Competition (DG COMP) of the European Commission. The official link is here. Congratulations to Emanuele!
We are proud to announce that Luigi Guiso (AXA Chair) has won the prestigious “Premio De Sanctis for Economic Science” (Giants in Economics). You can view the winners from the past two editions here. Well done, Luigi!
"Approximately Optimal Auctions with a Strong Bidder" by Luca Anderlini and GaOn Kim. More ...
EIEF warmly welcomes Sara Casella (Luiss University), who has joined EIEF’s faculty as a Research Affiliate.
EIEF warmly welcomes Stefano Gagliarducci who is joining the Faculty as a Fellow. Stefano is a Professor of Economics at Tor Vergata University of Rome and Director of the Rome Economics Doctorate (RED) program. His interests include Political Economy, Labor Economics and Applied Microeconometrics.
EIEF welcomes Bernardo S.C. Ribeiro and Gaia Dossi. Bernardo will join the faculty in May 2025 as an Assistant Professor. He holds a PhD from Yale University and his research interests include macroeconomics, growth, innovation and international trade. Starting in the summer of 2024 Bernardo will spend one year as Postdoctoral Associate at Princeton University. Gaia will join the faculty in the summer of 2025 as an Assistant Professor. She holds a PhD from London School of Economics and works on labor, innovation, health, and political economy. Starting in the summer of 2024 Gaia will spend one year as post-doc at the Stone Centre of the University College London.
"When is Trust Robust?" by Daniele Terlizzese (with Luca Anderlini and Larry Samuelson). More...
Mounu Prem (Francisco Muñoz), who joined the Institute in 2022 after completing his PhD at Stanford University in 2016, is EIEF’s third tenured Associate Professor. The EIEF faculty would like to send their warmest congratulations on this achievement and wish him all the best for his future career.
EIEF warmly welcomes the RED class of 2023. The Rome Economics Doctorate (RED) is a new challenging and selective PhD program in Economics run by EIEF, Luiss, and the University of Rome Tor Vergata. For more info, please visit the program's website.
EIEF warmly welcomes Massimo Sbracia, who is joining us, starting August 1, 2023, as the new Director of the Institute. Massimo is an economist at the Bank of Italy and his interests include International Finance and International Trade. He takes the position held, since EIEF’s inception, by Daniele Terlizzese. Daniele, who retires from the Bank of Italy, will continue collaborating with EIEF.
EIEF welcomes João Monteiro and Zhang Chen. João will join the faculty in July as an Assistant Professor. He holds a PhD from Northwestern University and his research interests include corporate finance and international trade. Zhang will join the faculty in September as a Postdoctoral Researcher. He holds a PhD from Princeton University and works on macroeconomics, with a special interest in knowledge diffusion, firm dynamics and economic growth.
"How much and how fast do investors respond to equity premium changes? Evidence from wealth taxation" by Luigi Guiso (with A. Fagereng and M. Ring) and "Refining Public Policies with Machine Learning: The Case of Tax Auditing" by Luigi Guiso, Marco Battaglini and Eleonora Patacchini (with C. Lacava and D. Miller). More ...
EIEF offers funds for research projects in economics and finance to researchers based in Italian institutions. Submit your applications by April 21, 2023. More...
The European Research Council (ERC) has awarded a “Starting Grant” to Barbara Biasi for her research proposal “Teachers' Careers, The Creation of Educational Content, And Students' Outcomes”. The aim of the project is to study non-monetary aspects of educators’ careers and how they impact the selection and retention of talents into the profession.
The American Economic Association elected Luigi Guiso, AXA Professor of Household Finance at EIEF, as Foreign Honorary Member. Luigi is now one of the only 5 Italians in this prestigious list.
EIEF warmly welcomes Mounu Prem (Francisco Muñoz), who has joined the faculty as an Assistant Professor. Mounu holds a PhD from Stanford University and currently works as Adjunct Professor in Universidad del Rosario. His research interest include Political Economy, Development Economics, Corporate Finance, and Economic History.
"Adams and Eves: The Gender Gap in Economics Majors" by Graziella Bertocchi (with Luca Bonacini and Marina Murat). More ...
"Loan Guarantees, Bank Lending and Credit Risk Reallocation" by Marco Pagano and Andrea Polo (with C. Altavilla and T. Vlassopoulos) and "The Geography of Investor Attention" by Marco Pagano (with S. Mengoli and P. Pattitoni). More ...
It is our pleasure to announce that two members of our Faculty have received important international awards. Luigi Guiso has been elected Fellow of the Econometric Society while Francesco Lippi has been appointed Editor in Chief of The Economic...
EEIF warmly welcomes Pietro Reichlin who is joining the Faculty as a Fellow. Pietro is full Professor of Economics at LUISS Guido Carli and Co-Director of the RoME program. His interests include Macroeconomics, Monetary, Theory, Financial Markets, and Business Cycle.
"Empirical Investigation of a Sufficient Statistic for Monetary Shocks" by Francesco Lippi (with F. Alvarez, A. Ferrara, E. Gautier and H. Le Bihan) and "Cash: A Blessing or a Curse?" by Francesco Lippi (with F. Alvarez, D. Argente and R. Jimenez). More ...
EIEF warmly welcomes Emilio Calvano (Università di Bologna), who has joined EIEF’s faculty as a Research Affiliate.
"Weighted-average least squares (WALS): Confidence and prediction intervals" by Franco Peracchi (with Giuseppe De Luca and Jan R. Magnus). More ...
"Assessing Alternative Indicators for Covid-19 Policy Evaluation, with a Counterfactual for Sweden" by Franco Peracchi and Giancarlo Spagnolo (with Chiara Latour). More ...
"COVID-19, Race, and Gender" by Graziella Bertocchi (with Arcangelo Dimico). More ...
"Asymmetric Information and Corporate Lending: Evidence from SMEs Bond Markets" by Luana Zaccaria (with Alessandra Iannamorelli, Stefano Nobili and Antonio Scalia). More ...
"The Macro Impact of Noncompete Contracts" by Liyan Shi and "Repurchase Options in the Market for Lemons" by Liyan Shi (with Saki Bigio). More ...
"Faith and Assimilation: Italian Immigrants in the US" by Stefano Gagliarducci (with M. Tabellini). More ...
EIEF offers funds for research projects in economics and finance to researchers based in Italian institutions. Submit your applications by March 19th 2021. More...
"From Patriarchy to Partnership: Gender Equality and Household Finance" by Luigi Guiso and Luana Zaccaria. More ...
A new challenging and selective Ph.D. program in Economics run by EIEF, Luiss Guido Carli and University of Rome Tor Vergata, for highly talented students with an advanced MSc-level background in Economics. Applications are now open. More …
EIEF will be present at both the European Job Market and the ASSA Annual Meeting that will be held online. Shortlisted candidates will be invited for virtual interviews on either of the two markets. Announcement.
A NEW PAGE to collect analyses by EIEF faculty and other researchers on the pandemic crisis.
"Affinity, Trust, and Information" by Luigi Guiso and Alexey Makarin. More ...
On September 7-8, 2020 EIEF and LUISS University will host the online workshop “Mean Field Games in Economics”. For further details see the Program.
"Risk Sharing within the Firm: A Primer" by Marco Pagano. More ...
"COVID-19, Race, and Redlining" by Graziella Bertocchi (with A. Dimico). More ...
"The Macroeconomics of Sticky Prices with Generalized Hazard Functions" by Francesco Lippi (with F. Alvarez and A. Oskolkov). More ...
"Estimating the prevalence of the COVID-19 infection, with an application to Italy" by Franco Peracchi and Daniele Terlizzese, "The COVID-19 Shock and Equity Shortfall: Firm-level Evidence from Italy" by Marco Pagano (with E. Carletti, T. Oliviero, L. Pelizzon and M. Subramanyam) and "Bitter Sugar: Slavery and the Black Family" by Graziella Bertocchi (with A. Dimico). More ...
"Are Executives in Short Supply? Evidence from Deaths' Events" by Fabiano Schivardi (with J. Sauvagnat) and "Interlocking Directorates and Competition in Banking" by Fabiano Schivardi (with G. Barone and E. Sette). More ...
"Disaster Resilience and Asset Prices" by Marco Pagano (with C. Wagner and J. Zechner) and "The Macroeconomics of Hedging Income Shares" by Juan Passadore and Facundo Piguillem (with A. Grasso). More ...
"Careers in Finance" by Marco Pagano (with A. Ellul and A. Scognamiglio). More ...
PLEASE BE INFORMED THAT DUE TO THE COVID-19 HEALTH CONCERNS, SEMINARS ARE SUSPENDED UNTIL FURTHER NOTICE. EIEF will keep you updated on changes to this directive.
"Aggregate Risk or Aggregate Uncertainty? Evidence from UK Households" by Claudio Michelacci e Luigi Paciello. More ...
On April 22, 2020, at 5 pm CEST, EIEF invites you to join a webinar on "Predicting and Monitoring COVID-19 contagion" presented by Paolo Giudici (University of Pavia with Centre for European Policy Studies) and Franco Peracchi (Georgetwon University, EIEF and University of Tor Vergata).
"A Simple Planning Problem forCOVID-19 Lockdown" by Francesco Lippi (with Fernando Alvarez and David Argente). More ...
"The Optimal COVID-19 Quarantine and Testing Policies" by Facundo Piguillem and Liyan Shi. More ...
"Sampling properties of the Bayesian posterior mean with an application to WALS estimation" by Franco Peracchi (with G. De Luca and Jan R. Magnus). More ...
EIEF warmly welcomes Liangjie Wu, who will soon join the faculty as an Assistant Professor. Liangjie is completing his PhD at the University of Chicago and works in macroeconomics and labor economics.
"K-Returns to Education" by Luigi Guiso (with A. Fagereng, M. B. Holm and L. Pistaferri). More ...
"The Insurance Role of the Firm" by Luigi Guiso (with L. Pistaferri). More ...
On December 13-14, 2019, EIEF will host the Conference “Recent Advances in Macroeconomics”. For further details see the Program.
UniCredit Foundation selected EIEF as one of the three recipients of a 3-year top-up fellowship, assigned to the three best departments or research institutes in Economics or Finance, among those in the 14 countries where Unicredit operates, to help participation in the US or European PhD job markets. EIEF is thankful and honored by this award.
EIEF offers funds for research projects in economics and finance to researches based in Italian institutions. Submit your application by March 13, 2020. More...
EIEF will be present at both the European Job Market in Rotterdam (Netherlands) and the ASSA Annual Meeting in San Diego (USA). Shortlisted candidates will be invited for interviews on either of the 2 markets. Announcement.
EIEF warmly welcomes Alexey Makarin (Northwestern University) who has just joined our Faculty as an Assistant Professor. He works in applied micro, political economy and development economics.
"Multidimensional Diffusion Processes in Dynamic Online Networks" by Eleonora Patacchini (with D. Easley and C. Rojas). More ...
EIEF has awarded funds for 6 one-year research projects. More...
“Posterior moments and quantiles for the normal location model with Laplace prior” by Franco Peracchi (with Giuseppe De Luca and Jan R. Magnus). More ...
"The Analytic Theory of a Monetary Shock" by Francesco Lippi (with F. Alvarez). More ...
"(Macro) Prudential Taxation of Good News" by Facundo Piguillem (with Jean Flemming and Jean-Paul L’Huillier). More ...
“Hurricanes, Climate Change Policies and Electoral Accountability” by Stefano Gagliarducci and Eleonora Patacchini (with M. Daniele Paserman) and “Simple fiscal arithmetic of a dual currency regime” by Francesco Lippi. More …
EIEF took its first steps about ten years ago. In this issue Daniele Terlizzese gives a review of the results achieved so far. To learn more, please click here.
"The Extensive Margin of Aggregate Consumption Demand" by Claudio Michelacci, Luigi Paciello and Andrea Pozzi. More...
"Monetary Policy in a World of Cryptocurrencies" by Pierpaolo Benigno. More ...
Alexey Makarin, currently at Northwestern University, and Matteo Paradisi, currently at Harvard University (and with a post-doc position at NBER until summer 2020), were hired on the 2019 international job-market. They both work in applied microeconomics, Alexey with a focus on political economy and Matteo on labor and public economics.
"Tax Professionals: Tax-Evasion Facilitators or Information Hubs?" by Marco Battaglini, Luigi Guiso and Eleonora Patacchini (with Chiara Lacava). More ...
“Weight, Reference Points, and the Onset of Eating Disorders” by Eleonora Patacchini (with T. Arduini and D. Iorio). More ...
On April 2, 2019, EIEF will host the presentation of Carlo Favero and Francesco Giavazzi’s new book, written together with Alberto Alesina. More…
"Coalition Formation in Legislative Bargaining" by Marco Battaglini (Cornell University and EIEF). More ...
"A nonlinear dynamic factor model of health and medical treatment" by Franco Peracchi (with Claudio Rossetti). More ...
Every year, Clarivate Analytics compiles a list of the most influential scientists in various branches of knowledge. Luigi Guiso is the only Italian economist based in Italy included in the 2018 Highly Cited Researchers report.
EIEF warmly welcomes Andrea Polo (LUISS Guido Carli), who has joined EIEF’s faculty as a Research Affiliate.
Francesco Lippi has been newly appointed Joint Managing Director of the Economic Journal. EIEF warmly congratulates him for obtaining such a prestigious position.
EIEF offers funds for research projects in economics and finance to researchers based in Italian institutions. Submit your application by March 15, 2019. More ...
On December 12, 2018, EIEF will host the presentation of a series of studies collected by Economia Italiana on the Italian Jobs Act. Please be informed that the conference will be in Italian. More …
On December 17, 2018, EIEF will host the presentation of the World Bank Report “Fair Progress? Economic Mobility across Generations around the World”. More …
The 8th EIEF-UNIBO-IGIER Bocconi Workshop on Industrial Organization will be held at EIEF on 20-21 December 2018. For further details see the Program.
On the 27th November 2018, EIEF will host a lecture on “Law and order: How Law and Regulation Can Affect Our Economies”. More …
"Self-assessed cognitive ability and financial wealth: Are people aware of their cognitive decline?" by Franco Peracchi (with Fabrizio Mazzonna). More ...
On December 20-21, 2018, the 8th EIEF-UNIBO-IGIER Bocconi Workshop on Industrial Organization will be held at EIEF. The submission deadline is October 29, 2018. For details, please see the Call for papers.
EIEF will be present at both the 2018 first European Job Market in Naples and the ASSA meetings in Atlanta (USA). Shortlisted candidates will be invited for interviews on either of the 2 markets. Announcement.
On July 17, 2018, EIEF will host the conference on “The Economic Determinants of Populism". For further details and Program click here. Attendance by registration only.
The EEA will organize the first edition of the European Job Market, on 6-7 December 2018, in Naples, Italy. For more information watch this video and read this page on the EEA website.
EIEF warmly welcomes Liyan Shi (UCLA) who has just joined our Faculty as an Assistant Professor.
"Investment in Financial Information and Portfolio Performance" by Luigi Guiso (with Tullio Jappelli). More ...
On June 21-22, 2018, EIEF will host the “3rd Rome Junior Conference on Applied Microeconomics”. For further details see the Program. Attendance by registration only within Monday, June 18, 2018.
On June 11-12, 2018, EIEF will host the “7th Rome Conference on Macroeconomics” (aka Pizzanomics). For further details see the Program. Attendance by registration only within Wednesday, June 6, 2018.
EIEF has awarded funds for 5 one-year research projects. More...
"Global Crises and Populism: the Role of Eurozone Institutions" by Luigi Guiso (with H. Herrera, M. Morelli and T. Sonno). More ...
On June 5-6, 2018, EIEF will host the “3rd Rome Junior Finance Conference”. For further details see the Program. Attendance by registration only at This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloak1285849c626bc1cc44cb9fb528db0821').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addy1285849c626bc1cc44cb9fb528db0821 = 'ifo' + '@'; addy1285849c626bc1cc44cb9fb528db0821 = addy1285849c626bc1cc44cb9fb528db0821 + 'eief' + '.' + 'it'; var addy_text1285849c626bc1cc44cb9fb528db0821 = 'info@eief.it.';document.getElementById('cloak1285849c626bc1cc44cb9fb528db0821').innerHTML += ''+addy_text1285849c626bc1cc44cb9fb528db0821+'';
In this issue Marco Pagano argues that the creation of an internationally diversified Sovereign Bond (SBBS), whose senior tranche would have virtually no exposure to sovereign risk, would help banks to diversify their portfolios and to avoid the diabolic loop between their own solvency and that of their Government. To learn more, please click here.
"The IT Revolution and Southern Europe’s Two Lost Decades" by Fabiano Schivardi (with T. Schmitz). More ...
Luigi Guiso, AXA Professor of Household Finance at EIEF, Paola Sapienza (Northwestern University) and Luigi Zingales (Chicago Booth School of Business) have been awarded the 2018 Hicks-Tinbergen medal for their paper “Long-Term Persistence”, which is one of the first studies establishing a link between specific historical modes of governance and current “civic capital”, such as trust.
On April 6-7, 2018, EIEF will host the conference on “Recent Developments in Macroeconomics”. For further details see the Program. (Registration is now closed)
On April 12-13, 2018, EIEF will host the “3rd Economics of Platforms Workshop”. For further details see the Program. Attendance by registration only within Tuesday, April 10, 2018.
Andrea Pozzi, who joined the Institute in 2009 after completing his PhD at Stanford University, is EIEF’s third tenured Associate Professor. The EIEF faculty would like to send their warmest congratulations on this achievement and wish him all the best for his future career.
“Fiscal Rules as Bargaining Chips” by Facundo Piguillem (with Alessandro Riboni). More ...
EIEF offers funds for research projects in economics and finance to researchers based in Italian institutions. Submit your application by March 15, 2018. More ...
