Mariano Massimiliano Croce

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). 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.

I have 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, I am a CEPR Reseach Fellow. In April 2018, I was appointed as an NBER Research Associate.

I teach courses in finance and global macroeconomics at several leading academic institutions such as Bocconi, Wharton, STERN, ISB, Kenan-Flagler B.S. (UNC). In the PhD program, I teach empirical asset pricing and advanced methods for macro-finance. I received an award for my teaching in the PhD program and in 2019 I have been nominated Director of the PhD in Economics and Finance in Bocconi.

I received my PhD in Economics from New York University and master’s and bachelor’s degrees in economics from L. Bocconi University, Milan. He served as a research intern at Federal Reserve Board of Governors in Washington, D.C. and the European Central Bank in Frankfurt.

Full Professor
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About

In 2021, I was appointed as a Co-Editor of Economics Letters.

Research interests

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). 

Working papers
Bansal, Ravi; Croce, Mariano Massimiliano; Liao, Wenxi; Rosen, Samuel
2016
Croce, Mariano Massimiliano; Parvar, M. Jahan; Rosen Samuel
2018
Croce, Mariano Massimiliano; Karantounias, Anastasios G.; Raymond, Steve
Federal Reserve Bank of Minneapolis, System WP 18-02
Colacito, Ric; Croce, Mariano Massimiliano; Flagler Kenan; Liu, Yang
2021
Selected Publications

I 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.