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Carlo Cottarelli Confirmed as Tommaso Padoa Schioppa Visiting Professor

, by Fabio Todesco
The position is financed by the European Central Bank in memory of a founding father of the Euro and Bocconi alumnus

Carlo Cottarelli, a former Executive Director of the International Monetary Fund (IMF) and former Commissioner for the spending review in Italy, has been confirmed as the Tommaso Padoa-Schioppa Visiting Professor at Bocconi for a second time in the second semester of the academic year 2019-2020.

The professorship is funded by the European Central Bank (ECB) in memory of one of Bocconi's most illustrious alumni, among the founding fathers of the Euro and member of the Executive Board of the ECB from 1998 to 2005. Prof. Cottarelli had already been assigned the professorship in the same semester of academic year 2018-2019.

During his time as the Tommaso Padoa-Schioppa Visiting Professor, Professor Cottarelli taught the fiscal macroeconomics course and researched two macroeconomic topics: an analysis of the strategies deployed in the last 75 years by the countries that succeeded in reigning in their public debt after WWII, and a study of the European reforms regarding public accounts and the way green investments must be recorded.

The ECB funds the professorship with the aim of bringing an outstanding international scholar to Bocconi each year to pursue study, research and teaching linked to the theme of economics and European monetary policy. The ECB contributes to this aim with an annual donation of 30,000 euro. The list of past Tommaso Padoa-Schioppa Visiting Professors includes the late Alberto Alesina, Kenneth Allen Shepsle, Fabrizio Zilibotti, Andrea Carriero, and Eric Ghysels.

At the IMF, Prof. Cottarelli was responsible for the Fiscal Monitor, one of the IMF flagship publications. He has written several scholarly papers on fiscal and monetary policies and institutions and edited books on fiscal policy, inflation, monetary policy, and exchange rates. He's currently Director of the Italian Public Finance Monitor at Università Cattolica del Sacro Cuore, Milan.

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