Mariano Massimiliano Croce
Mariano Massimiliano Croce is Professor of Finance at Bocconi University, a CEPR Research Fellow, an NBER Research Associate, and a member of the American Economic Review Editorial Board. His research lies at the intersection of asset pricing, macro-finance, and international finance, with a particular focus on how long-run macroeconomic risks shape financial markets, investment decisions, and the global economy.
His work has been published in leading economics and finance journals, including 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 2021, he has served as an Editor of Economics Letters.
Professor Croce teaches undergraduate, MBA, executive, and PhD courses in finance and macroeconomics. He received his PhD in Economics from New York University after earning his bachelor's and master's degrees from Bocconi University, and previously held research positions at the Federal Reserve Board of Governors and the European Central Bank.
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My research focuses on asset pricing in general equilibrium models in which there is uncertainty about the long horizon perspectives of the economy (growth news shocks).
When the markets Get CO.V.I.D: COntagion, Viruses, and Information Diffusion
JOURNAL OF FINANCIAL ECONOMICS, 2024Recursive allocations and wealth distribution with multiple goods: existence, survivorship, and dynamics
Quantitative Economics, 2019BKK the EZ Way: international long-run growth news and capital flows
The American Economic Review, 2018News shocks and the production-based term structure of equity returns
The Review of Financial Studies, 2018Investor information, long-run risk, and the term structure of equity
The Review of Financial Studies, 2015Long-run productivity risk: a new hope for production-based asset pricing?
Journal of Monetary Economics, 2014Toward a quantitative general equilibrium asset pricing model with intangible capital
The Review of Financial Studies, 2013I have a long teaching history in MBA, Executive MBA, PhD, and undergraduate programs. I teach courses such as Global Economics, Investments, Corporate Finance, International Capital Markets, Financial Econometrics, Empirical Asset Pricing; and Advanced Methods for Macro Finance.