The Rimini Centre

for Economic Analysis                  




Two scholarships for postgraduate studies in Economics for Ukrainian students


Following the organization of the RCEA-Europe International Conference on Global Threats to the World Economy - A crowdfunding online conference to support Ukrainian students, we are happy to announce the co-funding of two scholarships:


To our donors, sponsors, and supporters: Thank you!



First RCEA-Panel on 

Predictability in Science and Society


Thursday, 26 January 2023


Online on zoom (EU: 5 pm - 7 pm CET, Milan; US: 8 am - 10 am PST, Riverside)



RCEA is organizing an interdisciplinary colloquium on predictability in the Natural and Social Sciences with prominent researchers from various disciplines.  Even in their more quantifiable disciplines, such as Economics, Social Sciences have always struggled with experimentation, measurement, and predictability limitations. Lucas (1977), in the wake of Frisch (1938) and Marschak (1953), elaborated on the inherent difficulties in identifying structural relationships. Such challenges have marred economic policy analysis, which requires structure invariance under potential interventions. Physics (more generally, Natural Sciences) may be converging toward an impasse that has slowed progress in the Social Sciences: "During the last few decades, our view upon matter, the fundamental forces, and the geometry of spacetime have undergone a metamorphosis, enabling us to extrapolate our knowledge towards time- and distance scales that in fact cannot be directly probed by experiment." (Gerard t ‘Hooft, 2001). The impossibility of experimentation, measurement, and predictability could obstruct scientific progress and open epistemological precipices. 

The First Panel features keynote speeches by Nancy Cartwright (Durham University and University of California San Diego), David F. Hendry (Oxford University), and Carlo Rovelli (Aix-Marseille University). Chair: Paolo Giordani (Norwegian Business School, RCEA).


Organizers: Karim Abadir (Imperial College London, RCEA), Marcelle Chauvet (University of California-Riverside, RCEA), Paolo Giordani (Norwegian Business School, RCEA), Claudio Morana (University of Milano-Bicocca, RCEA) Gianluigi Pelloni (RCEA). 

More info here



RCEA-Europe International Conference on

Global Threats to the World Economy

A crowdfunding online conference to support Ukrainian students

2-3 February 2023


Due to the pandemic shock, inflation has returned. The energy crisis triggered by Russia's war in Ukraine has added further price pressure, particularly in Europe, leading to double-digit inflation rates in many advanced countries. Short-term inflationary pressure is mainly originating from energy markets, supply chains, and labor market developments. The risk of stagflation cum weakening financial markets hampers the implementation of disinflationary monetary policies, posing threats of financial disruptions stemming from interest rate hikes.  However, the inflationary outlook is also gloomy in the medium term, as most of the favorable supply-side developments during the Great Moderation are at risk of undoing due to de-globalization forces reducing international trade and technological, capital, and migratory flows. Climate change and environmental degradation pose further threats in terms of extreme weather disruptions to economic activity and harvests and the spread of new pandemic waves. Energy prices might be further subject to increases as the green transition appears to occur before the supply of renewable resources can adequately meet energy demand.


The conference's revenue will finance scholarships for Ukrainian students to enroll in the MSc programs in International Economics or Global Management at the University of Milano-Bicocca or similar programs at other European universities. Co-funding is a requirement for suitable institutions to compete for the allocation of the RCEA-Europe scholarships. Scholarships are awarded in collaboration with the Ukrainian Global University initiative at the Kyiv School of Economics

More info here


Anthony Lancaster died on 10 December 2022. He was one of our Honorary Senior Fellows. He had been Herbert H. Goldberger Professor of Econometrics and department chair at Brown University and Professor and head of department at Hull University. We wish to remember Tony not only as an outstanding researcher in the fields of Bayesian Econometrics, unemployment duration, transition data, and health Economics but also as a mentor of a string of brilliant students and a tireless champion of the underdog. Tony will be sadly missed.



The European Union between crises to be faced and institutions to be reformed

Wednesday, 26 October 2022 

The dramatic situation caused by the Russian war in Ukraine, which came after two years of pandemic emergency, has confronted the European Union with an unexpected event once again in a very short period, full of unpredictable developments and uncertain consequences from many points of view. This crisis involves multiple aspects corresponding to the competence of legal, political, and economic disciplines. The workshop aims to reflect on how the European Union is reacting to this crisis and how the crisis itself could be an opportunity to transform its institutions and the political guidelines of the Member States. The workshop foresees two sessions. The morning session reflects on political and legal issues related to needed EU constitutional reforms. The afternoon session reflects on the current energy and inflation crises and its implication for economic policy management.  

This event is jointly organized by the Center for European Studies (CefES), the Joint Research Centre (JRC) of the European Commission, and the Rimini Centre for Economic Analysis (RCEA-Europe ETS).  Participation in the online workshop is free through zoom. 

More info here



RCEA Big Data & Machine Learning Conference 

13-14 May 2022

More info here



Forecasting Financial Markets Conference

29 June-1 July 2022

Jointly organized with the Forecasting Financial Markets Network 

More info here



Rethinking Capitalism (ReCap) Webinar Series

Capitalism is in a human, political, social, and environmental crisis. The Rethinking Capitalism (ReCap) Webinar Series is an opportunity to reflect on the failures of our cultural and production model. The objective of these talks is to foster awareness, cooperation, and activism among academics and guide policymakers in implementing corrective policies. Participation in the webinar series is free through zoom. 

The webinar series is jointly organized by RCEA-Europe ETS and CefES-DEMS, under the auspices of the JRC (European Commission)

More info here



RCEA conference

Recent Developments in Economics, Econometrics, and Finance 

4-6 March 2022

Jointly organized with the Department of Economics of the University of Cyprus, the Tax Administration Research Centre (TARC), and the Foundation for Economic and Industrial Research - IOBE .

More info here



4th International Conference on European Studies 

20-22 June 2022

Jointly organized with the Network for European Studies

More info here



The Hamilton Momentum and the Future of the European Integration

A workshop jointly organized with the Center for European Studies (CefES-DEMS) and the Joint Research Center of the European Commission (JRC-EC).

More info here

The Rimini Centre for Economic Analysis (RCEA) holds a  Webinar Series every other Thursday, 9am PT/4pm GMT.  The (incomplete) schedule for the first semester of 2022 is below


Gabriele Fiorentini, University of Florence, "GDP Solera: The Ideal Vintage Mix" 

Daniel Greenwald, Massachusetts Institute of Technology, "How the Wealth Was Won: Factors Shares as Market Fundamentals"

Simon Glendinning, London School of Economics and Political Science,  Marko Modiano, Gävle  University, "On European Identity and the Europe of the Peoples"



Guido Imbens, Professor of Economics at Stanford University and RCEA Honorary Fellow, was jointly awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021. 

The prize was awarded to David Card (University of California, Berkeley), for empirical contributions to labor economics, and jointly to Imbens and Joshua D. Angrist (Massachusetts Institute of Technology), for methodological contributions to the analysis of causal relationships.



The Political Economy of Brexit

Organized by: Gianluigi Pelloni, Mike Plummer, Marcelle Chauvet, Claudio Morana

More info here

The Rimini Centre for Economic Analysis (RCEA) holds a  Webinar Series every other Thursday, 9am PT/4pm GMT.  The schedule for the second semester of 2021 is below




11th RCEA Money, Macro and Finance Conference

Organized by: Marcelle Chauvet, Claudio Morana, Lucia Alessi, Patrizio Tirelli and Pierpaolo Benigno

More info here



7th RCEA Time Series Workshop

Organized by: Alessandra Luati, Karim Abadir, and Claudio Morana

More info here

Conference Programme



Sponsored Workshop: Recent Advances in Info-Metrics Research

Organized by: Min Chen, J. Michael Dunn, Amos Golan, and Aman Ullah

More info here



Public Lectures on Structural Econometrics

Professor Robert Miller 

Carnegie Mellon

More info here

The Rimini Centre for Economic Analysis (RCEA) holds a Webinar Series every other Thursday, 9am PT/4pm GMT.  The schedule for 2020 is below


YongMiao Hong,  Cornell University , "Time-varying Model Averaging via Adaptive LASSO"  Recording Part 1  Part 2        

Alessandro Rebucci, Johns Hopkins University, "Estimating Macroeconomic Models of Financial Crises: An  Endogenous Regime Switching Approach"

George Kapetanios, King's College London,  "Testing the Adequacy of the Fixed Effects Estimator in the Presence of Cross-section Dependence" 

Tae-Hwy Lee, University of California Riverside, "Time-Varying Model Averaging"

The Rimini Centre for Economic Analysis (RCEA) welcomes our new Honorary Fellows, Senior Fellows and Fellows

New Honorary Fellows

New Senior Fellows and Fellows

Carl Davidson is the University Distinguished Professor at Michigan State University. His main research interests are International trade and labor market outcomes, Models of unemployment, and Collusive behavior, horizontal mergers. He was co-editor of the World Economy and Associate editor of the European Economic Review.

New Senior Fellows

Tobias Adrian International Monetary Fund

Ufuk Akcigit University of Chicago

Guido Ascari Oxford University & University of Pavia

Fabio Bagliano University of Torino

Dimitris Ballas  University of Groningen

Christiane Baumeister U. of Notre Dame  

Steven Davis is the William H. Abbott Distinguished Service Professor of International Business and Economics at the University of Chicago. Professor. Davis studies business dynamics, hiring practices, job loss, the effects of economic uncertainty and other topics. He is a senior fellow at the Hoover Institution, research associate of the National Bureau of Economic Research, senior academic fellow with the Asian Bureau of Finance and Economic Research, advisor to the U.S. Congressional Budget Office, visiting scholar at the Federal Reserve Bank of Atlanta, senior adviser to the Brookings Papers on Economic Activity, and past editor of the American Economic Journal: Macroeconomics.

New Senior Fellows

Colin Cameron U. of California Davis

Yoosoon Chang Indiana University Bloomington

Emanuela Cardia University of Montreal

Gilles Chemla  Imperial College London

Christian Conrad  U. of Heidelberg

Anthony Creane  University of Kentucky

Judy Dean, Brandeis University

Neville Francis U. of North Carolina Chapel Hill

Sir Angus Stewart Deaton is a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University. His main current research areas are in poverty, inequality, health, well being, economic development, and randomized controlled trials. He is the recipient of the 2015 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.  He is a corresponding Fellow of the British Academy, an Honorary Fellow of the Royal Society of Edinburgh, a Fellow of the Econometric Society, the first recipient of the Society's Frisch Medal, and has been awarded the BBVA Foundation Frontiers of Knowledge Award. He is an elected a member of the American Philosophical Society  and of the National Academy of Sciences. In 2016, he was made a Knight Bachelor for his services to Economics and International affairs. He is a past President of the American Economic Association. 

New Senior Fellows

Davide Furceri International Monetary Fund & University of Palermo

Maitreesh Ghatak London School of Economics

Amos Golan  American University

Daniel S Hamermesh U.of Texas Austin

Matthew Harding U. of California Irvine

Alain Hecq Maastricht University

Yongmiao Hong Cornell University

Joao Victor Issler (Getulio Vargas Foundation, Brasil)

George Kapetanios King’s College London

Menelaos Karanasos Brunel University London

Hira L Koul Michigan State University

Tae-Hwy Lee U. of California Riverside

Steven Durlauf is the Steans Professor in Educational Policy at the University of Chicago Harris School of Public Policy.  Professor Durlauf's research spans many topics in microeconomics and macroeconomics. His most important substantive contributions involve the areas of poverty, inequality and economic growth. Much of his research has attempted to integrate sociological ideas into economic analysis. His major methodological contributions include both economic theory and econometrics. He is a Fellow of the Econometric Society, Fellow of the Society for the Advancement of Economic Theory and a Research Associate of the National Bureau of Economic Research. He was also elected to the American Academy of Arts and Sciences in 2011. Professor Durlauf is the current Editor of the Journal of Economic Literature 

New Senior Fellows

Essie Maasoumi Emory University

Prakash Loungani International Monetary Fund & University of Palermo

Fredj Jawadi University of Lille

James D. Hamilton U. of California San Diego

Kevin J. Lansing San Francisco Fed

J. Isaac Miller University of Missouri

Gareth Myles  University of Adelaide

Marc S. Paolella University of Zurich

Matteo Pelagatti   University of Milano-Bicocca

Diego Puga  CEMFI-Madrid

William Easterly is a Professor of Economics at New York University and Co-director of the NYU Development Research Institute, which won the 2009 BBVA Frontiers of Knowledge in Development Cooperation Award. He has served as Co-Editor of the Journal of Development Economics and as Director of the blog Aid Watch. He is a Research Associate of NBER, and senior fellow at BREAD. Foreign Policy Magazine named him among the Top 100 Global Public Intellectuals in 2008 and 2009, and Thomson Reuters listed him as one of Highly Cited Researchers of 2014. He is also the 11th most famous native of Bowling Green, Ohio. 

New Senior Fellows

Francesco Ravazzolo Free U. of Bozen-Bolzano

Dalibor Stevanovic U. of Quebec Montreal

Liangjun Su Tsinghua University

Patrizio Tirelli University of Pavia

Wilbert van der Klaauw  Federal Reserve Bank of New York

Mike West Duke University

Robert Engle is the Michael Armellino Professor of Finance at New York University Stern School of Business. He was awarded the 2003 Nobel Prize in Economics for his research on the concept of autoregressive conditional heteroskedasticity (ARCH). He developed this method for statistical modeling of time-varying volatility and demonstrated that these techniques accurately capture the properties of many time series. Professor Engle is an expert in time series analysis with a long-standing interest in the analysis of financial markets. His ARCH model and its generalizations have become indispensable tools not only for researchers, but also for analysts of financial markets, who use them in asset pricing and in evaluating portfolio risk. His research has also produced such innovative statistical methods as cointegration, common features, autoregressive conditional duration (ACD), CAViaR and now dynamic conditional correlation (DCC) models. He is currently the Co-Director of the NYU Stern Volatility and Risk Institute and is the Co-Founding President of the Society for Financial Econometrics (SoFiE). 

New Fellows

Imhotep Paul Alagidede  U. of Witwatersrand Johannesburg  

Lucia Alessi  European Commission

Donatella Baiardi  University of Parma

Antonin Bergeaud  Banque de France

Denis Chetverikov  U. of California Los Angeles

Tatjana Dahlhaus  Bank of Canada

Javier Donna  University of Florida

Dalia Ghanem  U. of California Davis  

Patricia Gomez-Gonzalez  Fordham University

Jianqing Fan is a statistician, financial econometrician, and data scientist. He is Frederick L. Moore '18 Professor of Finance, Professor of Statistics, and Professor of Operations Research and Financial Engineering at Princeton University. Professor Fan research interests are in statistical theory and methods in data science, statistical machine learning , finance, economics, computational biology, and biostatistics. He is the winner of The 2000 COPSS Presidents' Award, Morningside Gold Medal for Applied Mathematics (2007), Guggenheim Fellow (2009), Pao-Lu Hsu Prize (2013) and Guy Medal in Silver (2014). He got elected to Academician from Academia Sinica in 2012.  Professor Fan is a joint editor of Journal of Business and Economics Statistics and an associate editor of Management Science. He was the co-editor (-in-chief) of the Annals of Statistics, and editor of Probability Theory and Related Fields, Econometrics Journal, and Journal of Econometrics. He was on the editorial boards of a number of other journals.

New Fellows

Felix Pretis U. of Victoria

Matthias Hartmann Deutsche Bundesbank

Maria Kalli  Kent University

Zhipeng Liao  U. of California Los Angeles

Virginie Masson  U. of Adelaide

Irene Monasterolo  Vienna University of Business and Economics and Stanford University

Matthew Weinberg  Ohio State University 

The Rimini Centre for Economic Analysis (RCEA) holds a  Webinar Series every other Thursday, 9am PT/4pm GMT.  The schedule for the first semester of 2021 is below


Tobias Adrian,  IMF,  "Monetary and Macroprudential Policy with   Endogenous Risk"

Giovanni Gallipoli, Vancouver School of Economics, "Consumption & Income Inequality across Generations"                       

Gilles Duranton, Wharton School, "Urban growth and its aggregate implications"                                                             

Paolo Giordani,  Norwegian Business School, "Introducing SMARTboost, a new machine learning  tool for financial and economic data"

Alessandro Riboni, Ecole Polytechnique, Paris - Laboratoire d'Econometrie, "Nation-Building, Nationalism, and Wars"

J. Isaac (Zack) Miller, University of Missouri, "What drives temperature anomalies? A functional SVAR approach"

Stefano Giglio, Yale University, "Climate change and asset prices"

Antonin Bergeaud, Banque de France and Centre for Economic Performance, "Technological Change and Domestic Outsourcing"

Claudio Borio, Bank for International Settlements, "Challenges for monetary policy: economic, intellectual and institutional"

Guido Imbens is the Applied Econometrics Professor and Professor of Economics at the Stanford Graduate School of Business.  Professor Imbens does research in econometrics and statistics. His research focuses on developing methods for drawing causal inferences in observational studies, using matching, instrumental variables, and regression discontinuity designs. He is currently  Associate Editor for Econometrica, and has served as  Foreign Editor for the Review of Economic Studies, and Associate Editor for the Journal of Econometrics and Journal of Business and Economic Statistics.

Charles I. Jones is the STANCO 25 Professor of Economics at the Stanford Graduate School of Business and a Research Associate of the National Bureau of Economic Research.  He is an economist noted for his research on long-run economic growth. In particular, he has examined theoretically and empirically the fundamental sources of growth in incomes over time and the reasons underlying the enormous differences in standards of living across countries. In recent years, he has used his expertise in macroeconomic methods to study the economic causes behind the rise in health spending and top income inequality. Professor Jones has been honored as a National Fellow of the Hoover Institution, a John M. Olin Foundation Faculty Fellow, and an Alfred P. Sloan Foundation Research Fellow. His research has been supported by a series of grants from the National Science Foundation.

Iain McLean is a Professor of Politics, Director of the Gwilym Gibbon Centre for Public Policy and Official Fellow at Nuffield College. Professor McLean’s research interests are in UK public policy; devolution, including related issues in taxation and public expenditure such as the Barnett Formula; electoral systems; constitutional reform; the roles of church and state; the history of the Union of the United Kingdom since 1707; and disasters and government responses to them, especially the Aberfan disaster of 1966. He has advised the House of Commons Treasury Select Committee and the Office of the Deputy Prime Minister. He was a consultant to the Jenkins Commission on voting systems for the House of Commons, and to various local authorities on the Boundary Commission for England's review of parliamentary boundaries.

Hashem Pesaran Professor Pesaran is the John Elliot Distinguished Chair in Economics at USC, and Director of the Centre for Applied Financial Economics at USC Dornsife. He is also Emeritus Professor of Economics at Cambridge University, and a Fellow of Trinity College, Cambridge. Previously, he was the head of the Economic Research Department of the Central Bank of Iran, the Under-Secretary of the Ministry of Education, Iran, and Professor of Economics at UCLA. He is a fellow of the British Academy, Econometric Society, Journal of Econometrics, and the International Association for Applied Econometrics. He has Honorary Doctorates from Universities of Salford, Goethe, Maastricht and Prague (2016).

Peter Robinson is the Tooke Professor of Economic Science and Statistics at London School of Economics. His research interests are in Econometrics, time series analysis, spatial analysis, nonparametric inference, semiparametric inference. He is a Fellow of the Econometric Society, Fellow of the Institute of Mathematical Statistics, Fellow of the British Academy, and Member of the International Statistical Institute. He is currently Associate Editor for the Annals of Statistics,  Statistical Inference for Stochastic Processes. He is in the Advisory Board for Econometric Theory and the Journal of Time Series Analysis, and in the Executive Council for the Journal of Econometrics. He has served as co-Editor of Econometric Theory, Econometrica; Journal of Econometrics; Journal of Time Series Analysis; as Associate Editor of the Review of Economics and Statistics; the American Statistician; Infor; Journal of Econometrics; Econometric Theory; Econometrica; Journal of the Royal Statistical Society, Series A; International Statistical Review; Econometric Reviews; Journal of Nonparametric Statistics; Statistica Sinica, Journal of Time Series Analysis; Annals of Statistics; Journal of the American Statistical Association, and Statistical Inference for Stochastic Processes.

A. Michael Spence is a senior fellow at the Hoover Institution and Philip H. Knight Professor and Dean, Emeritus, at the Graduate School of Business, Stanford University. In 2001, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to the analysis of markets with asymmetric information. He received the John Bates Clark Medal of the American Economic Association awarded to economists under 40. He is currently the chairman of an independent Commission on Growth and Development. He was a member of the Economics Advisory Panel of the National Science Foundation and served as a member of the Sloan Foundation Economics Advisory Committee. At various times, he has served as a member of the editorial boards of American Economics Review, Bell Journal of Economics, Journal of Economic Theory, and Public Policy. Among his many honors, Professor Spence was elected a fellow of the American Academy of Arts and Sciences and was awarded the David A. Wells Prize for outstanding doctoral dissertation at Harvard University. He is a fellow of the American Academy of Arts and Sciences and the Econometric Society.

Danny Quah is Dean and Li Ka Shing Professor in Economics at the School School of Public Policy at National University of Singapor. His research interests include income inequality, economic growth, and international economic relations. Professor Quah's current research takes an economic approach to world order - with focus on global power shift and the rise of the east, and alternative models of global power relations. Professor Quah is Commissioner on the Spence-Stiglitz Commission on Global Economic Transformation; Member of the Executive Committee, International Economic Association; and Senior Fellow of the Asian Bureau of Finance and Economics Research. He is in the Editorial Board of Asia Pacific Business Review, Global Policy, East Asian Policy, and Journal of Economic Integration. He is in the Advisory Board of Journal of Global Analysis and Princeton University Press, European Advisory. He is an Associate Editor for the Journal of Economic Growth.

Randall Wright is the Ray B. Zemon Chair in Liquid Assets in the Department of Finance, Investment and Banking at the Wisconsin School of Business, as well as a Professor in Wisconsin’s Department of Economics. Professor Wright is well known for his work on monetary, macro and labor economics. He is currently a consultant for the Federal Reserve Banks of Minneapolis and Chicago, a Research Associate at the National Bureau of Economic Research, where he co-organizes the Macro Perspectives Group, and a Fellow of the Econometric Society and Society for the Advancement of Economic Theory.  He has served as Editor of International Economic Review, and is currently Associate Editor at Journal of Economic Theory and Advisory Editor at Macroeconomic Dynamics. He has won several awards for his research, and currently has the highest “degree centrality” in economics (basically, greatest number of coauthors).

The Rimini Centre for Economic Analysis


© RCEA 2020

It is hereby stated the non-existence of one of the causes if unconferability/incompatibility of the assignment pursuant to Art. 20, Paragraph 3, Legislative Decree No. 39/2013