Massimiliano earned a Degree in Economics from Bocconi University and a Ph.D. in Economics from the New York University (NYU)
His collaboration with SDA Bocconi began in 2018, in the Asia Center (Mumbai, India). He coordinated important international research projects that have been published on top international scientific journals. Many of his projects have been founded by external sources, both private and public, in the USA. He has been teaching in several top-institutions such as Wharton, STERN-NYU, Indian School of Business, University of North Carolina.
The research of finance professor Mariano Massimiliano Croce focuses on asset pricing in general equilibrium models in which there is uncertainty about the long horizon perspectives of the economy (growth news shocks). Projects include the study of international asset prices and exchange rates; the interaction between asset prices, investment decisions, wealth and welfare on a global scale; links between investors’ information and asset prices; growth implications of fiscal policy risks.
He has published in leading academic journals such as, for example, The American Economic Review, The Journal of Political Economy, The Journal of Finance, The Journal of Financial Economics, The Review of Financial Studies, and The Journal of Monetary Economics. Since September 2017, he is a CEPR Research Fellow. In April 2018, he was appointed as an NBER Research Associate. He carried long periods of research abroad. He has been Visiting Professor at Wharton, STERN-NYU, Indian School of Business, University of North Carolina, Goethe University (Frankfurt).
Massimiliano earned a Degree in Economics from Bocconi University and a Ph.D. in Economics from the New York University (NYU).
- “BKK the EZ Way” with R. Colacito, S. Ho and P. Howard, 2018 American Economic Review, Vol. 108, Issue 11
- “Recursive allocations and wealth distribution with multiple goods” with R. Colacito and Z. Liu, 2018 Quantitative Economics, forthcoming
- “News Shocks and Production-Based Term Structure of Equity Returns” with H. Ai, A. Diercks, and K. Li, 2018 Review of Financial Studies, Leading Article (Editor’s Choice), Volume 31(7)
- “Currency Risk Factors in a Recursive Multi-Country Economy” with R. Colacito, F. Gavazzoni, and R. Ready, 2017 Journal of Finance, forthcoming
- “Government Debt and the Returns to Innovation” with T. Nguyen, S. Raymond, and L. Schmid, 2017 Journal of Financial Economics, forthcoming
- “Investor Information, Long-Run Risk, and the Term Structure of Equity” with M. Lettau and S.C. Ludvigson, 2015 Review of Financial Studies, Volume 28(3)
- “Long-Run Productivity Risk: A New Hope for Production-Based Asset Pricing?”, 2014 Journal of Monetary Economics, Volume 66
- “International Asset Pricing with Recursive Preferences” with R. Colacito, 2013 Journal of Finance, Volume 68:6
- “Toward a Quantitative General Equilibrium Asset Pricing Model with Intangible Capital”, with H. Ai and K. Li, 2013 Review of Financial Studies, Volume 26(2)
- “Fiscal Policies and Asset Prices” with H. Kung, T. Nguyen and L. Schmid, 2012 Review of Financial Studies, Leading Article, Volume 25(9)
- “The Market Price of Fiscal Uncertainty” with T. Nguyen, and L. Schmid, 2012 Journal of Monetary Economics, Volume 59:5
- “Long Run Risks and the Real Exchange Rate” with R. Colacito, 2011 Journal of Political Economy, Volume 119(1)
- “The Leading Premium” with T. Marchuk, and C. Schlag
- “Volatility Risk Pass-Through” with R. Colacito, Y. Liu, and I. Shaliastovich – IF2018 Best paper Award (sponsored by NBIM)
- “Uncertainty-Induced Reallocations and the Macroeconomy” with R. Bansal, W. Liao, and S. Rosen
- “Risk Distribution and the Persistence of Government Debt” with T. Nguyen, and S. Raymond
- “Welfare Costs in the Long Run”
- “A tax plan for endogenous innovation ” with T. Karantounias, S. Raymond and Lukas Schmid