Ph.D., Massachusetts Institute of Technology, 1988
Professor of Economics at EDHEC Business School, on extended leave without pay from his position at Università di Torino where he has been Professore Associato (since 1993) and Ordinario (1996-) di Economia Politica.
In 1997-2003 he was Full-time Professor at the European University Institute, and in 1989-93 was Assistant Professor and Assistant Director of the International Finance Section, Princeton University. He has served as a Managing Editor of Economic Policy (2001-08), Condirettore of Giornale degli Economisti e Annali di Economia (1996-2011), and a Programme Director of CEPR's Labour Economics programme (2009-2013).
He has performed scientific advisory work for the European Commission, the European Central Bank, and other organisations. His research currently focuses on the structural and institutional aspects of labour and financial markets, from an international comparative perspective, particularly as regards their distributional impact and interaction with the European process of economic and monetary unification.
He has applied similar methods to exchange rate and money-market policies, interactions between growth and distribution, households’ durable consumption and borrowing, and educational systems. He has published widely in Review of Economic Studies, American Economic Review, European Economic Review, other academic journals and books, also authoring chapters in Handbook of Labor Economics and Handbook of Income Distribution (North-Holland), co-authoring Models for Dynamic Macroeconomics (Oxford University Press) and Income Distribution in Macroeconomic Models (Princeton University Press), and co-editing Welfare and Employment in a United Europe and The Economics of Consumer Credit (MIT Press).