Manuel Arellano has been Professor of Economics at CEMFI in Madrid since 1991. Prior to that, he held appointments at the University of Oxford and the London School of Economics. He has served as Editor of the Review of Economic Studies, Co-Editor of the Journal of Applied Econometrics, and Co-Chair of the World Congress of the Econometric Society. He is Fellow of the Econometric Society and Foreign Honorary Member of the American Academy of Arts and Sciences. He has been President of the Spanish Economic Association, President of the European Economic Association, and President of the Econometric Society. He has published many articles on topics in econometrics and labour economics, in particular on the analysis of panel data, being named a Highly Cited Researcher by Thomson ISI (2010). He is the author of Panel Data Econometrics (OUP 2003). He has received the Rey Jaime I Prize in Economics.
Marco Lippi is currently a Research Fellow at the Einaudi Institute for Economics and Finance in Rome. Prior to that (1979-2013) he has been Professor of Economics and Econometrics at the Universities of Modena and Rome “La Sapienza”, where he graduated in Mathematics in 1965. He has published extensively on econometric topics including aggregation ("Aggregation and the Microfoundations of Dynamic Macroeconomics", with Mario Forni, Oxford University Press, 1997), VARs and Dynamic Factor models. He served as Co-director (with Mario Forni and Lucrezia Reichlin) of the "Eurocoin Project" of the Bank of Italy, which produced the monthly European Indicator known as Eurocoin, issued jointly by the Banca d’Italia and CEPR.