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MARIANO MASSIMILIANO CROCE

MARIANO MASSIMILIANO CROCE

Courses a.y. 2022/2023

10685 CAPITAL MARKETS
11661 UNDERSTANDING INVESTMENTS
12065 UNDERSTANDING INVESTMENTS
30285 EMPIRICAL METHODS FOR FINANCE (INTRODUCTION TO ECONOMETRICS FOR FINANCE)
40190 READING GROUP ASSET PRICING
40216 FINANCE 3
40946 ADVANCED TOPICS IN ASSET PRICING

Courses previous a.y.

I have a long teaching history in MBA, Executive MBA, PhD, and undergraduate programs. I teach courses such as Global Economics, Investments, Corporate Finance, International Capital Markets, Financial Econometrics, Empirical Asset Pricing; and Advanced Methods for Macro Finance.


Biographical note

I am a CEPR Research Fellow and an IGIER research fellow. After I received my Ph.D. in Economics from New York University, I taught at several leading academic institutions, including Bocconi University, University of Pennsylvania, New York University, Indian School of Business, and the University of North Carolina. I have published papers in the leading academic journals, including The American Economic Review, the Journal of Political Economy, The Journal of Finance, the Journal of Financial Economics, The Review of Financial Studies, and the Journal of Monetary Economics


About

Since September 2017, I have been a CEPR Research Fellow. In April 2018, I was appointed as an NBER Research Associate. In 2019, I was nominated as the Director of the PhD in Economics and Finance program at Bocconi. In 2021, I was appointed as a Co-Editor of Economics Letters.


Research interests

My research focuses on asset pricing in general equilibrium models in which there is uncertainty about the long horizon perspectives of the economy (growth news shocks). 

Working papers

Croce, Mariano Massimiliano; Marchuk, Tatiana; Schlag Christian
The Leading Premium
2016

Bansal, Ravi; Croce, Mariano Massimiliano; Liao, Wenxi; Rosen, Samuel
Uncertainty-Induced Reallocations and Growth
2016

Andrews, Spencer; Colacito, Ric; Croce, Mariano Massimiliano; Gavazzoni, Federico
Concealed Carry
Winner of the Best paper Award at the VSFX 2021

Croce, Mariano Massimiliano; Farroni, Paolo; Garavito, M. J. Arteaga; Wolfskei, Isabella l
When the Markets Get COVID: COntagion, Viruses, and Information Diffusion
2020

Croce, Mariano Massimiliano; Parvar, M. Jahan; Rosen Samuel
SONOMA: a Small Open ecoNOmy for MAcrofinance
2018

Croce, Mariano Massimiliano; Karantounias, Anastasios G.; Raymond, Steve
A Tax Plan for Endogenous Innovation
Federal Reserve Bank of Minneapolis, System WP 18-02

Colacito, Ric; Croce, Mariano Massimiliano; Flagler Kenan; Liu, Yang
Volatility (Dis)Connect in International Markets
2021

Selected Publications

Croce, Mariano M.; Nguyen, Thien T.; Raymond, Steven
Persistent government debt and aggregate risk distribution
Journal of Financial Economics, 2021

Croce, Mariano Massimiliano
Growth risks, asset prices, and welfare
Economics Letters, 2021

Croce, Mariano M.; Nguyen, Thien Tung; Raymond, Steve; Schmid, Lukas
Government debt and the returns to innovation
Journal of Financial Economics, 2019

Colacito, Riccardo; Croce, Mariano M.; Liu, Zhao
Recursive allocations and wealth distribution with multiple goods: existence, survivorship, and dynamics
Quantitative Economics, 2019

Colacito, Riccardo; Croce, Mariano M.; Gavazzoni, Federico; Ready, Robert
Currency risk factors in a recursive multicountry economy
The Journal of Finance, 2018

Colacito, Riccardo; Croce, Mariano M.; Ho, Steven; Howard, Philip
BKK the EZ Way: international long-run growth news and capital flows
The American Economic Review, 2018

Ai, Hengjie; Croce, Mariano M.; Diercks, Anthony M; Li, Kai
News shocks and the production-based term structure of equity returns
The Review of Financial Studies, 2018

Croce, Mariano M.; Lettau, Martin; Ludvigson, Sydney C.
Investor information, long-run risk, and the term structure of equity
The Review of Financial Studies, 2015

Croce, Mariano M.
Long-run productivity risk: a new hope for production-based asset pricing?
Journal of Monetary Economics, 2014

Colacito, Riccardo; Croce, Mariano M.
International asset pricing with recursive preferences
The Journal of Finance, 2013

Ai, Hengjie; Croce, Mariano M.; Li, Kai
Toward a quantitative general equilibrium asset pricing model with intangible capital
The Review of Financial Studies, 2013

Colacito, Riccardo; Croce, Mariano M.
International robust disagreement
The American Economic Review, 2012

Croce, Mariano M.; Nguyen, Thien T.; Schmid, Lukas
The market price of fiscal uncertainty
Journal of Monetary Economics, 2012

Croce, Mariano M.; Kung, Howard; Nguyen, Thien T.; Schmid, Lukas
Fiscal policies and asset prices
The Review of Financial Studies, 2012

Colacito, Riccardo; Croce, Mariano M.
Risks for the long run and the real exchange rate
Journal of Political Economy, 2011

Colacito, Riccardo; Croce, Mariano M.
The short and long run benefits of financial integration
The American Economic Review, 2010

Colacito, Riccardo; Croce, Mariano Massimiliano; Liu, Yang; Shaliastovich, Ivan
Volatility risk pass-through
The Review of Financial Studies, 9999