Professore ordinario
Settore scientifico disciplinare: 
U06, Piano: P03, Stanza: 3084
Piazza dell'Ateneo Nuovo, 1 - 20126 MILANO


I am Professor of Economics at the Department of Economics, Management and Statistics (DEMS) of the University of Milano-Bicocca (Italy) and Vice Director of the Center for European Studies (CefES). I was born in Turin, graduated in Economics from the University of Torino (Italy), and received my MSc in Economics from the University of Glasgow (UK) and PhD in Economics from the University of Aberdeen (UK). 

Before moving to Milano-Bicocca University, I was Assistant and then Associate Professor of Economics at the University of Piemonte Orientale (Novara, Italy), Lecturer at Heriot-Watt University (Edinburgh, UK) and Aberdeen University (Aberdeen, UK). I also was a Fulbright Research Scholar at Michigan State University (US) and consultant for the European Central Bank. I am a Fellow of the Center for Research on Pensions and Welfare Policies (CeRP, Collegio Carlo Alberto, Italy), Senior Fellow of the Rimini Center for Economic Analysis (RCEA, Canada) and member of the Euro Area Business Cycle Network (EABCN). I am member of the Editorial Board of Econometrics, Heliyon, the Open Journal of Statistics, Sci, Nordicum-Meditteraneum, the Asia-Pacific Journal of Mathematics and Research in Globalization. 

My research interests include macro, financial and climate change economics and econometrics, with particular reference to the macro-finance interface and the interconnection of economic and financial cycles. I have published 80 articles in academic journals in the above topics, including Journal of Econometrics, Econometrics and Statistics, Journal of Empirical Finance, Journal of Banking and Finance, Journal of International Money and Finance, Journal of Economic Dynamics and Control, Economic Modeling, Computational Statistics and Data Analysis, International Journal of Forecasting, International Journal of Central Banking and Energy Economics. 


  • Morana, C., & Sbrana, G. (2019). Climate change implications for the catastrophe bonds market: An empirical analysis. ECONOMIC MODELLING, 81, 274-294. Dettaglio
  • Morana, C. (2019). Regularized semiparametric estimation of high dimensional dynamic conditional covariance matrices. ECONOMETRICS AND STATISTICS, 12, 42-65. Dettaglio
  • Morana, C., & Baiardi, D. (2018). Financial development and income distribution inequality in the euro area. ECONOMIC MODELLING, 70, 40-55. Dettaglio
  • Morana, C. (2017). The US$/€ exchange rate: Structural modeling and forecasting during the recent financial crises. JOURNAL OF FORECASTING, 36, 919-935. Dettaglio
  • Morana, C. (2017). Macroeconomic and financial effects of oil price shocks: Evidence for the euro area. ECONOMIC MODELLING, 64, 82-96. Dettaglio