معرفی
Mariano Massimiliano Croce serves as Full Professor in the Department of Finance at Bocconi University, holding significant academic appointments including Director of the PhD in Economics and Finance program since 2019. His institutional affiliations extend to CEPR, IGIER, and Baffi-Carefin research centers, reflecting his standing in the international academic community. Professor Croce teaches an extensive curriculum including Capital Markets, Understanding Investments, Empirical Methods for Finance, and advanced topics in Asset Pricing across undergraduate, Master's, MBA, and PhD programs at Bocconi and other leading institutions worldwide.
His educational foundation includes:
- PhD in Economics from New York University
- Master's and Bachelor's degrees in Economics from Bocconi University, Milan
Professor Croce's research program centers on asset pricing within general equilibrium frameworks where uncertainty about long-horizon economic perspectives (growth news shocks) plays a critical role. His work systematically explores international asset prices and exchange rate dynamics, the global interplay between asset prices and investment decisions, connections between investor information processing and market outcomes, and the growth implications of fiscal policy risks. As a pioneer in MacroFinTech, his theoretical contributions have reshaped understanding of how long-term economic uncertainty manifests in financial markets across international boundaries. His methodological approach combines sophisticated theoretical modeling with rigorous empirical analysis, particularly focusing on high-frequency data applications in contemporary financial research.
Analysis of his recent publications reveals a clear progression from foundational theoretical work on recursive preferences and long-run risk toward increasingly applied research examining real-world phenomena including climate-related financial risks, pandemic market reactions, and innovative applications of text analysis to financial markets. The interdisciplinary nature of his work bridges traditional finance with macroeconomics, environmental economics, and policy analysis, demonstrating growing relevance to contemporary global challenges.
Professor Croce's scholarly achievements have been recognized through:
- CEPR Research Fellowship (awarded September 2017)
- NBER Research Associate appointment (April 2018)
- Teaching Award in PhD Program
- Co-Editorship of Economics Letters (since 2021)
- Appointment to the American Economic Review Editorial Board (2025)
As academic leader of Bocconi's PhD program since 2019, Professor Croce shapes the next generation of financial economists while maintaining an active research agenda. His teaching portfolio spans institutions including Wharton, STERN, ISB, and Kenan-Flagler, demonstrating global recognition of his expertise. Research support for his work comes through prestigious affiliations including prior research internships at the Federal Reserve Board of Governors and European Central Bank, and ongoing collaborations through CEPR and NBER networks that facilitate international scholarly exchange.
Professor Croce maintains active research leadership through his editorial role at Economics Letters and as Co-Editor of the Reading Group in Asset Pricing at Bocconi. His research team focuses on developing new methodologies for analyzing long-term economic risks and their financial market implications, with recent expansion into climate finance and text-based analysis of market reactions to emerging global challenges.
