Inaugural conference of the ChaMP Research Network - Speakers

Programme

His research focuses on the interactions between debt markets and macroeconomic policy and the role of consumption heterogeneity in the transmission of shocks.

He obtained his Ph.D. and M. Res. from London Business School, his M.A. from the Graduate Institute in Geneva, and a B.A. from the University of Milan. In addition to his academic career, he worked for the International Monetary Fund, the Bank of England, and the European Commission, and as a bond analyst.

Based in London, Silvia leads the team covering the euro area countries, the UK and some of the small open European economies.

Silvia joined Barclays in 2021 from Goldman Sachs, where she was a managing director in the Investment Strategy Group in the Consumer and Investment Management Division and in Global Investment Research from 2012 to 2021.

Prior to joining the private sector, Silvia was an associate professor at the Department of Economics of Harvard University from 2004 to 2010. She has been visiting fellow at the European Central Bank and the International Monetary Fund.

Silvia is a leading expert in the area of fiscal policy. Her academic research has been published in top refereed journals and has been influential in shaping the policy debate around fiscal issues.

Silvia earned a BA and MA in Economics from Bocconi University and a PhD from Boston College.

From 2016 to 2023, she led the ECB’s Monetary Policy Strategy Division and held a similar position at the Swiss National Bank (SNB) from 2010 to 2016. Her professional interests lie in the areas of monetary policy, central banking and time-series econometrics. She published several articles in international academic journals on modelling the persistence of the real exchange rate, analysing role of money in the inflation process and assessing business cycle dynamics. Katrin is a SUERF fellow and was a visiting scholar at the Federal Reserve Banks of St. Louis and Atlanta, at Oesterreichische Nationalbank and at the Universities of Copenhagen and Southern California. She holds a doctorate and a diploma in economics from the University of Bonn, where she also received her Habilitation.

Previously, she was Professor for Applied Economics at RWTH Aachen and assistant professor at the Institute for International Economics Studies (IIES) at the University of Stockholm. She is affiliated with IIES at Stockholm University, CEPR and CESifo and serves as research professor at the ifo Institute Munich. She holds a Ph.D. in Economics from the University of Bonn.

Her research focuses on macroeconomics, with a focus on questions from labor economics and monetary economics. Recent work addresses the role of production constraints for the transmission of economic shocks, wage and price formation, as well as the role of expectational biases for labor market outcomes.

Earlier he served as the Economist of the Swiss Financial Market Supervisory Authority FINMA. He has also held visiting positions at NYU Stern, the IMF, and the Norwegian Central Bank. He was educated at Oxford, Pompeu Fabra, Harvard, and the European University Institute. His current research focuses on the role of banks’ cross-selling their depositors other banking products, with crucial implications for bank profitability, client welfare, monetary policy transmission and financial stability. Earlier work covered amongst others negative interest rate policy, macroprudential policy, and online mortgage lending, and was published in amongst others the Review of Financial Studies, Review of Finance, AEJ: Policy, Economic Journal, Journal of Financial Stability, and the Journal of Money, Credit and Banking.

Her main area of research is within applied macroeconomics, times series and energy economics. She has published in leading journals such as the American Economic Journal: Macroeconomics, Economic Journal, Journal of International Economics, Journal of Monetary Economics and the Review of Economics and Statistics. Bjørnland holds a PhD in Economics from University of Oslo and a Master of Science in Econometrics and Mathematical Economics from London School of Economics. She was awarded His Majesty, The King of Norway’s Gold medal for the Ph.D. thesis. She is also the Director of the Research centre Applied Macroeconomics and commodity Prices (CAMP) and a member of the Finnish Economic Policy Council. In 2018-22, Bjørnland served as the Provost of Research and Academic Resources at BI Norwegian Business School.

During 2023-2024, Diana is visiting part-time the European Central Bank, at DGR-FIR. She is a CEPR Research Fellow in Banking and Corporate Finance and in Monetary Economics and Fluctuations. Her research interests are empirical banking, corporate finance, and the transmission of monetary policy. Her work has been published in leading finance journals, including the Journal of Financial Economics, Management Science, and the Review of Finance.

She holds a PhD in Economics from the Stockholm School of Economics, an MSc in Philosophy of the Social Sciences from the London School of Economics and a BSc in Economics and Social Sciences from Bocconi University. Her research focuses on financial economics and applied banking with a focus on monetary policy transmission issues.

He served as President of the Eurogroup and Chair of the Board of Governors of the European Stability Mechanism, and for over four years he was Finance Minister of Portugal. An experienced economist, Mr Centeno has held several positions in the Banco de Portugal, where he started his career in 1993. He has a strong academic background with a PhD in Economics, from Harvard University, and has published several academic papers.

He is also a Research Fellow at the Center for Economic Policy Research and a Faculty Research Fellow in the National Bureau of Economic Research's Economic Fluctuations and Growth Program.

Professor Comin has published multiple articles in top economic journals on the topics of business cycles, technology diffusion, economic growth, structural transformations and firm volatility. He has also authored case studies published in the book Drivers of Competitiveness. Comin's research has been supported by the National Science Foundation, the European Commission, the Gates Foundation, the C.V. Star Foundation, INET and the Zentrum für Europäische Wirtschaftsforschung (ZEW).

Comin is the Co-lead of the Firms and Technology program at the World Bank. Additionally, he is a founding partner of Linktia, and has co-founded the Malaysian Public-Private Research Network (PPRN), a public institution that provided solutions to companies' technological problems by matching them with researchers that were experts in the relevant field.

Comin has developed macroeconomic models of technology and business cycles for the design of policies at the European Central Bank (ECB), and the European Commission. Additionally, Comin has advised the Prime Minister of Malaysia, and been a consultant for the IMF, Federal Reserve Bank of New York, Citibank, Danish Science Ministry, and the Economic and Social Research Institute (ESRI) of the government of Japan. Recently, Microsoft has used the models of technology diffusion developed in Comin and Hobijn (2010) to forecast the diffusion of their cloud services.

Professor Comin received his PhD in Economics from Harvard University in 2000. Since then, he has been Assistant Professor of Economics at New York University and Associate Professor of Business Administration at the Harvard Business School (HBS) where he taught both in the MBA and in executive programs. He has also designed and led immersion programs in Peru, China and Malaysia for which he received the Apgar Prize for Innovation in Teaching.

She has obtained her master’s degree and is currently doing her PhD at the Department of Economics of Ghent University. Her research interests are in the areas of macroprudential policy, household finance, financial intermediation, and financial stability. Her work uses empirical methods to investigate the direct and heterogeneous impact of macroprudential and monetary policy on different aspects linked to financial stability, such as credit and house price growth.

He also teaches advanced econometrics at the Université de Mons from which he has earned a Ph.D. in Economics in 2001. His research focuses on the determinants of productivity growth, international trade and networks using the rich datasets on firms available at the NBB. His research has been published in top journals such as the Journal of Economic Perspective, Review of Economic Studies, Journal of the European Economic Association and the Journal of Business Economic and Statistics.

Her research interests include macroeconomic fluctuations, growth, and monetary and fiscal policy. Her ongoing work focuses on endogenous technology dynamics and the transmission of short-run shocks to long-term aggregate supply, using both macroeconomic models and micro data evidence. Michaela has recently been a visiting researcher to the Department of Economics at the University of Minnesota, CREI, and Bundesbank Research Center. She holds a PhD in Economics from Aalto University/ Helsinki GSE.

She holds a PhD in financial economics from MIT Sloan School of Management. Her research spans a variety of areas within corporate finance, with particular emphasis on mergers and acquisitions, corporate governance, and financial institutions. This research has been published in top finance journals such as the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies.

Professor Erel is a research associate at the National Bureau of Economic Research (NBER)’s Corporate Finance program and a research member at the European Corporate Governance Institute (ECGI). She also serves on the boards of the European Finance Association (EFA), Foundation for the Advancement of Research in Financial Economics (FARFE), and the Risk Institute.

Professor Erel is an Editor of the Review of Corporate Finance Studies and an Associate Editor of the Journal of Financial Intermediation. She is the 2010 recipient of the Pace Setters Faculty Research Award, the 2015 recipient of the Distinguished Faculty Award, and 2020 recipient of the Recognition Award for significant out-of-classroom contributions at the Fisher College of Business. She also received the Distinguished Referee Award from the Review of Financial Studies in 2012. Professor Erel teaches Financial Institutions courses in both graduate and undergraduate programs at the Fisher College of Business.

He obtained his PhD from the University of Oxford in 2022, with the Edgeworth prize for best doctoral thesis. Mishel’s research interests are in macroeconomics, with a particular focus on production networks, firm heterogeneity and goods market frictions for monetary and fiscal policies. Mishel has recently published two articles in the Journal of Monetary Economics (JME), one of which has received the 2023 JME Best Paper Award. Other prizes include the Best Paper Prize at the 2022 European Winter Meeting of the Econometric Society, 2020 European Economic Association Young Economist Award as well as the Poster Session Award at the 2018 ECB Sintra Forum on Central Banking. Mishel’s policy experience comes from prior positions as Chief Expert at the National Bank of Ukraine and David Walton Scholar at the Bank of England.

She holds a Ph.D. in Economics from the University of California, Los Angeles. Professor Giannetti has broad research interests in corporate finance and financial intermediation. She has published prize-winning research in leading journals in Finance, Economics, and Management, including the Journal of Political Economy, the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies. Mariassunta has been honored with a number of prestigious awards including the the NYU Stern/ Imperial/ Fordham Rising Star in Finance award, the Sun Yefang Financial Innovation Award, and the Assar Lindbeck Medal. Professor Giannetti has been serving as associate editor of several journals, including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Economic Journal, and the Review of Finance, and as a director of the European Finance Association, the Financial Intermediation Research Society, and the Financial Management Association. She is also an advisory board member of the Academic Female Finance Committee (AFFECT) of the American Finance Association and a frequent visitor and speaker at central banks around the world.

Dr. Philipp Hartmann is Deputy Director General of the research department at the European Central Bank, which he helped building up from its beginning. He currently chairs the European System of Central Banks' ChaMP research network (Challenges for Monetary Policy Transmission in a Changing World). He is also a Fellow of the Centre for Economic Policy Research. Previously, he held positions at the London School of Economics, the European Monetary Institute as well as Erasmus University Rotterdam, as chaired part-time professor, and acted as Vice-President of SUERF – the European Money and Finance Forum.

Mr Hartmann published research on financial, monetary and international issues in numerous journal articles and several books. He serves as an associate editor of the Journal of Financial Stability. His policy work has been published in many official reports and discussed in fora including the ECOFIN Council, the ECB Governing Council, the Basel Committee on Banking Supervision and the United Nations Economic Commission for Europe.

Mr Hartmann holds a Doctorat en Sciences Economiques (Paris) earned in the European Doctoral Program in Quantitative Economics.

Vasso has made contributions to the field of banking and corporate finance. Her research focuses on understanding the behaviour and performance of banks, the crucial role they play in the economy, and the impact of financial regulation on their conduct. Her work has been published in leading academic journals, including the Journal of Finance, the Journal of Financial Economics, and Management Science. She has received numerous awards and distinctions for her contributions.

Currently, Vasso serves as a member of the Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB) and Associate Editor for the Journal of Banking and Finance and the Journal of Financial Stability.

His research focuses on asset pricing and macro-finance. He is particularly interested in the valuation of securities in relation to investors’ heterogeneity. His recent work examines the effects of investors with asset allocation strategies and of monetary and fiscal policies on asset prices. He will receive his PhD in Economics from Goethe University Frankfurt in 2024 and received his MA and BA from Bocconi University.

Prior to that he served as Head of the Project Office for the ECB’s 2020-21 Monetary Policy Strategy Review and as Head of the ECB’s Fiscal Policies Division. He studied Economics at the University of Paris IX – Dauphine and at the University of Cologne and holds a PhD in Economics from the University of Kiel. His research has focussed on the macroeconomic effects of fiscal policy and monetary policy – fiscal policy interactions, on which he has published several articles in academic journals including Economic Policy and the Review of Economic Studies.

His areas of interest are in monetary macroeconomics; his research focuses on questions related to financial frictions, conventional and unconventional monetary policy and price setting. He holds a PhD in Economics from New York University.

He holds a PhD in Economics from the University of Bonn. Prior to his PhD, he worked for 4 years as an economist at the Bank of England. His research uses long-run data to study the interactions between finance and the macroeconomy. His papers have been published in the Quarterly Journal of Economics, Journal of Financial Economics, and the European Economic Review. He holds an ERC Starting Grant for the project SAFECRISES, which studies the role of safe assets and liquidity in financial crises.

His research interests lie at the intersection of macroeconomics, international trade, and transportation economics, with a particular focus on the micro origins, macro impacts, and policy implications of global supply chain disruptions, employing both shipping big data and structural models. He earned his Ph.D. in economics from the University of Oxford in 2022 and has gained valuable experience working with international organizations including the UN, IMF, and World Bank.

She earned her PhD at the London School of Economics in 2003 under the supervision of Professor C. Pissarides. After 10 years working at the Research and Economics Department of the Central Bank of Spain, she started working in 2013 at DG Research at the European Central Bank (ECB) as coordinator of the Competitiveness Research Network (CompNet). Since 2015 she is working in the Economics Directorate at the ECB, first as lead economist and since 2022 as Adviser. Since 2019 she coordinates the ESCB expert group on productivity, a forum of collaboration and research of more than 50 economists from 18 National Central Banks and the ECB. She is also ECB mission chief for Cyprus and leader of the ECB supply side team, in charge of the analysis of the supply side of the economy and potential output estimation. Her research topics are: microanalysis of productivity and employment growth; innovation and corporate performance; climate change; trade and competitiveness.

He holds a PhD in Economics from the Centro de Estudios Monetarios y Financieros (CEMFI) and UIMP, an MSc in Economics and Finance from CEMFI and a BSc in Business Administration from the University of La Rioja. His research focuses on corporate finance, in particular on issues related to banking. His research has been published in journals such as Econometrica, Review of Financial Studies or Review of Finance.

His research focuses on financial intermediation, linkages between finance and the real economy, and economic history. His work has been published in several academic journals including the Quarterly Journal of Economics, Review of Economic Studies, Journal of Financial Economics, and Review of Financial Studies. He currently serves as co-editor in chief of Explorations in Economic History. Before joining the Chicago Fed in August 2019, Ralf served as principal economist at the Federal Reserve Board. He received a diploma in economics from University of Mannheim and a Ph.D. in economics from Northwestern University.

Before joining the Atlanta Fed, she worked at the Federal Reserve Board of Governors and the International Monetary Fund. Camelia's research interests are in the areas of financial intermediation and international finance, with a focus on banks. Her work emphasizing the critical role of the financial sector in the transmission of macroeconomic policies has been published widely, including in the Review of Financial Studies, the Journal of Financial Economics, and the Review of Economics and Statistics. Camelia received her doctorate in economics in 2007 from Columbia University and her master's degree in econometrics and mathematical economics in 2001 from London School of Economics.

Before joining the BIS, he worked at the Bank of France where he was Head of the Monetary Policy Division from 2008 until 2011. He then became Director of Monetary and Financial Studies and a member of the Eurosystem Monetary Policy Committee. Previously, he held research positions at the Federal Reserve Bank of Chicago (2007-08) and the European Central Bank (1998-2006). He holds a PhD in economics from the University of Paris Nanterre. He taught at the University of Aix-Marseille (2004-06) and Sciences-Po (2008-10) and was an adjunct professor at Ecole Polytechnique (2011-18) and INSEAD (2018).

Previously, she worked in the Monetary Policy Division of the same institution and as Senior Economist in the Monetary Policy Strategy Division at the European Central Bank. Her research and policy-driven pursuits cover a broad spectrum of monetary and financial topics, with a recent focus on the role of non-banks in the transmission of monetary policy. Her contributions were published in the Journal of Financial Economics, Journal of Macroeconomics, and Journal of Public Economic Theory, among others. She earned her Ph.D. from Boston University and holds M.Sc. degrees from Bocconi University and Universitat Pompeu Fabra. 

Galo has 20 years of experience in central banking, commercial banking, and management consulting. He has previously worked at the European Central Bank (ECB), BBVA, and Boston Consulting Group (BCG). He holds a PhD in Electrical Engineering from the Polytechnical University of Madrid (UPM) and a MSc in Management Science and Engineering from Stanford University.

His research focuses on monetary policy, and finance. He has published in journals such as Econometrica, Journal of Political Economy: Macroeconomics, or the American Economic Journal: Macroeconomics, among many others.

He taught at Bocconi University and Imperial College, and was managing editor of the Review of Finance, chair of the Advisory Scientific Committee of the European Systemic Risk Board (ESRB), president of the Einaudi Institute for Economics and Finance (EIEF) and director of the Centre for Studies in Economics and Finance (CSEF). His research is in the area of finance, chiefly banking, corporate finance, market microstructure, financial regulation, macroprudential policy, and lately labor and finance. His work has appeared on the American Economic Review, Quarterly Journal of Economics, Review of Economic Studies, Journal of the European Economic Association, Economic Journal, Journal of Finance, Journal of Financial Economics, Review of Finance, Review of Financial Studies and RAND Journal of Economics, among others. He co-authored the book Market Liquidity: Theory, Evidence and Policy with Thierry Foucault and Ailsa Roëll.

As Governor he is a member of the ECB Governing and General Councils, the ESRB General Board, the BIS Board of Directors, the FSB Plenary and Steering Committee, and the World Bank and IMF Boards of Governors.

He is also Chair of the BIS Committee on Payments and Market Infrastructures and the FSB Cross Border Payments Coordination Group.

From 2020 to 2023 he was a member of the ECB Executive Board and Chair of the European Retail Payments Board and the Euro Cyber Resilience Board for pan-European Financial Infrastructures.

He holds a BA in Economics from LUISS University (Rome), an M.Sc. in Economics from the London School of Economics and a Ph.D in Economics and Finance from the London Business School and is the author of numerous books and papers published in the most noted international journals.

In this role, he coordinates the development and applications of the Commission’s QUEST model. His research covers fiscal, climate and structural policies, monetary macroeconomics, and macroeconometrics. It has been published in various academic journals, including the Journal of Economic Theory, the European Economic Review, and the Journal of Economic Dynamics and Control. Philipp holds a PhD in Economics from TU Berlin and the Berlin School of Economics after graduate studies at Humboldt University, Seoul National University, and the University of California, San Diego.

Recent honors include the 2022 Carl Menger prize, the 2021 Yrjo Jahnsson medal, election for the Econometric Society in 2019, the 2017 BdF/TSE junior prize, and the 2016 Bernacer prize. Professor Reis is an academic consultant at the Bank of England, the Riksbank, and the Federal Reserve Bank of Richmond, he directs the Centre for Macroeconomics in the UK, and he serves on the council or as an advisor of multiple organizations. He has published widely on macroeconomics, including both monetary and fiscal policy, inflation and business cycles. Professor Reis received his PhD from Harvard University, and was previously on the faculties at Columbia University and Princeton University.

She is currently on leave from the University of Bonn, where she has been Professor of Financial Economics since 2015. From 2014 to 2019 she was a member of the German Council of Economic Experts. She also served as Co-Chair of the Franco-German Council of Economic Experts and Vice Chair of the Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB).

She holds a PhD in Economics from the University of Mannheim. Her research focuses on financial stability, banking regulation, central banking, international capital flows and economic history. Her research was published in renowned journals, such as the Review of Financial Studies, the Journal of International Economics, the Journal of the European Economic Association and the Journal of Economic History. She was awarded the Gustav Stolper Prize of the Verein for Socialpolitik in 2018 and was selected to give the Thuenen Lecture in 2023. She is a Distinguished Fellow at the Centre for Economic Policy Research (CEPR) in London and a Research Fellow at CESifo. Moreover, she is a member of the North Rhine-Westphalian Academy of Sciences, Humanities and the Arts as well as the Berlin-Brandenburg Academy of Sciences and Humanities.

She has been at the OeNB since 2000 with several interruptions spent at the ECB and Harvard Kennedy School. She has a Ph. D. from the University of Illinois at Urbana-Champaign. Her areas of research are monetary policy transmission through the real economy, with a particular focus on effects on productivity, inflation expectations and modelling banking behavior, among others. She has published several articles in international academic journals.

He also serves as a consultant for the Banque de France, focusing on incorporating climate-related factors into general equilibrium models. Additionally, he is the President of DSGE-net, a non-profit organization that finances the Dynare project, and is co-responsible for developing Dynare in Julia. His research is situated at the intersection of quantitative macroeconomics and environmental economics, emphasizing the introduction of new numerical methods to solve and estimate general equilibrium models.