I am Deputy Division Chief in the European Department of the International Monetary Fund, CEPR Research Fellow in the International Macroeconomics and Finance programme, Associate Fellow at SAIS Europe, and member of the Money & Finance Research (MoFiR). I have been Assistant Professor at the Universita' Politecnica delle Marche and Associate Professor of Economics at the Johns Hopkins University School of Advanced International Studies (SAIS). My research focuses on financial intermediation, banking, development finance, and sovereign debt. I am associate editor of the IMF Economic Review, Economia (LACEA) and the Journal of Financial Stability.
CV (April 2026) - Download
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News.
The Remains of the Trade: The U.S.-China Trade War and its Aftermath, with P. Antras and A. Kulesza, September 2026. Data are available at the online platform
Bank Financing of Global Supply Chains, with L. Alfaro, M. Brussevich and C. Minoiu, CEPR Discussion Paper n. 20164, revision requested, Review of Economic Studies.
Growth Spillovers from China: A Firm-Level Anatomy, with P. Beltran and L. Franz, revision requested, European Economic Review.
Changing Global Linkages: A new Cold War? received the Calvo Prize for the best paper in Open Economy Macroeconomics published in the Journal of International Economics during 2023–2024.
Middle Powers and a Rupturing Global Order, with G. Cui, N. Fernandez-Arias, P.O. Gourinchas, G.H. Hong, N. Li, P. Topalova, F. Zhang and R. Zymek, draft coming soon.
Shifting Influence? China and the 2025 U.S. Aid Retrenchment, with A. Fuchs, V. Lang and J. Rosenbusch, draft coming soon. (Slides).