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Claudio Morana

Visiting Scholar 2022-2023 & 2021-2022

Residency Dates: Fall 2022 | September 1, 2022 – December 15, 2022


Claudio Morana

Claudio Morana is professor of economics at University of Milano-Bicocca and director of the university’s Center for European Studies (CefES). Morana also serves as president and director of the Rimini Center for Economic Analysis - Europe (RCEA-Europe-ETS). His research interests include macroeconomics, financial and climate change economics, and econometrics.

At the Minda de Gunzburg Center for European Studies (CES), Morana’s project will focus on the pricing of climate change risk in the European stock market. It will also assess the implications of the COVID-19 pandemic in fostering investors’ awareness of the economic costs of climate change and the opportunities made available by the European Green Deal.

This information is accurate for the time period that the scholar is affiliated with CES.


  • Professor of Economics & Director of the Center for European Studies, University of Milano-Bicocca
  • Visiting Scholar 2022-2023, Minda de Gunzburg Center for European Studies, Harvard University

Research Project

Issues on climate change financial effects and Euro area convergence



Areas of Expertise

Climate Change
Economics and Econometrics


Cassola, Nuno, Paul De Grauwe, Claudio Morana, and Patrizio Tirelli. “The Risks of Exiting Too Early the Policy Responses to the COVID-19 Recession.” Research in Globalization 4 (2022): 100073.

Morana, Claudio. “A New Macro-Financial Condition Index for the Euro Area.” Econometrics and Statistics, 2021.

Baiardi, Donatella, and Claudio Morana. “Climate Change Awareness: Empirical Evidence for the European Union.” SSRN Electronic Journal, 2020.

Other Affiliations

  • President and Director, Rimini Center for Economic Analysis - Europe (RCEA-Europe ETS)