Skip to content

Corrado Macchiarelli

Visiting Scholar 2018-2019

Residency Dates: January 1 - June 30, 2019


Corrado Macchiarelli

Corrado Macchiarelli is a lecturer in the department of economics at Brunel University London. Macchiarelli is currently part of a monetary policy expert group supporting the European Parliament's quarterly hearings of the ECB President. Previously, he was a postdoctoral research fellow at the European Institute of the London School of Economics and Political Science. He received his Ph.D. from the University of Torino in 2011.

Macchiarelli’s project at CES will analyze the observed core-periphery divide within the European Union and whether financial integration or the lack thereof is one of the main drivers. In particular, significant cross-border capital and financial flows within the euro area and the rest of the world will be investigated for its impact on core-periphery dualism.

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


  • Principal Economist, UK National Institute of Economic and Social Research
  • Visiting Scholar 2018-2019, CES, Harvard University


  • Corrado Macchiarelli, "Towards an understanding of credit cycles: do all credit booms cause crises?” (2018) with R. Barrell and D. Karim, The European Journal of Finance, accepted.
  • Corrado Macchiarelli, "Core and Periphery in the European Monetary Union: Bayoumi-Eichengreen 25 Years Later” (2016) with N. Campos, Economics Letters, 147(1), 127-130.
  • Corrado Macchiarelli, “European Banking Union,” The New Palgrave Dictionary of Economics, 2016, pp. 47-77.
  • Corrado Macchiarelli and Paul De Grauwe, “Animal Spirits and Credit Cycles.” Journal of Economic Dynamics and Control, 2015, pp. 95-117.

Research Project

Capital flows and reversals in a currency union