Claudio Morana is Professor of Economics at Milan State University (Bicocca). Before moving to Milan University, he had been Assistant and then Associate Professor of Economics at the University of Eastern Piedmont (Novara), Research Fellow at the University of Turin and the International Centre for Economic Research (ICER, Turin), Lecturer at Heriot-Watt University (Edinburgh, UK) and Aberdeen University (Aberdeen, UK). He had been consultant for the European Central Bank and Fulbright Research Scholar at Michigan State University. He is an executive committee member of the Society for Nonlinear Dynamics and Econometrics, member of the Econometric Society and the Society for Financial Econometrics, and fellow of the Fondazione Eni Enrico Mattei (Milan), the Center for Research on Pensions and Welfare Policies (CeRP, Collegio Carlo Alberto, Moncalieri), the International Center for Economic Research (Turin) and the Euro Area Business Cycle Network (EABCN). His research interests include international finance, macroeconomics, time series econometrics and the macro-finance interface. He was born in Turin, graduated from the University of Turin, and received his Economics MSc from the University of Glasgow (Glasgow, UK) and PhD from the University of Aberdeen (Aberdeen, UK).