Full professor
Academic disciplines: 
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),  Director of the Center for European Studies (CefES - University of Milano-Bicocca), and Director of the Rimini Center for Economic Analysis - Europe (RCEA-Europe ETS). 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) and the Center for Interdisciplinary Studies in Economics Psychology and Social Sciences (CISEPS-University of Milano Bicocca). I am a 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 over 80 articles in academic journals on the above topics, including the 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. 


  • Baiardi, D., & Morana, C. (2021). Climate change awareness: Empirical evidence for the European Union. ENERGY ECONOMICS, 96(April 2021) [10.1016/j.eneco.2021.105163].
  • Morana, C. (2021). A new macro-financial condition index for the euro area. ECONOMETRICS AND STATISTICS [10.1016/j.ecosta.2021.09.005].
  • Morana, C. (2019). Regularized semiparametric estimation of high dimensional dynamic conditional covariance matrices. ECONOMETRICS AND STATISTICS, 12, 42-65 [10.1016/j.ecosta.2019.04.001].
  • Morana, C., & Sbrana, G. (2019). Climate change implications for the catastrophe bonds market: An empirical analysis. ECONOMIC MODELLING, 81, 274-294 [10.1016/j.econmod.2019.04.020].
  • Morana, C., & Baiardi, D. (2018). Financial development and income distribution inequality in the euro area. ECONOMIC MODELLING, 70, 40-55 [10.1016/j.econmod.2017.10.008].