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SURICO, PAOLO Print E-mail

Paolo Surico's Mug ShotAssociate Professor, Department of Economics, London Business School
Current Research Focus: Macroeconomics, Business Cycle, Monetary Economics and Applied Econometrics;
including policy uncertainty, aggregate implications of redistributive fiscal policies, household finance, consumption and permanent income hypothesis, evaluation of government spending and tax reforms; great moderation, cost channel of monetary policy, bank lending channel of monetary transmission, unemployment and productivity, international transmission mechanism, international comovements; macro-finance models, expectations theory, inflation predictability.

Professional Profile: Paolo Surico is associate professor at the Economics Department of the London Business School and research affiliate at CEPR. Until July 2009, he was Research Advisor of the External Members of the Monetary Policy Committee of the Bank of England. Before this he was Visiting Researcher at the Center for Financial Studies (Frankfurt) and at the Centre de Recerca en Economia Internacional of the University of Pompeu Fabra. He has worked as a consultant with the European Central Bank and the Chamber of Commerce in Milan, and is currently an academic consultant at the Bank of England.
Professor Surico teaches both masters (MBA and Executive MBA) and PhD-level courses and has received numerous honours and awards for his work. Amongst this, he was awarded:

  • the Philip Liverhulme Prize 2011 for exceptional work by a young research scholar under the age of 36, for his original and significant contributions in the field of Economics
  • the MBA Best Teacher Award 2011 from the London Business School Student Association, determined by student vote
  • Excellence Award in Global Economic Affairs 2011 from the Kiel Institute for the World Economy, Porsche Scholarship, as best economist under the age of 35 in the research area of global economic affairs
He is Fellow of the Phd in Economics at the Bocconi University.
Professor Surico's research has been published extensively in leading international academic journals, such as The American Economic Review, Journal of the European Economic Association, Journal of Monetary Economics, The Review of Economics and Statistics, Economic Policy, among many others.
Paolo Surico is a young dynamic economist and winnnig speaker, frequently invited to give lectures and key-notes for seminars and conferences.


  • Bocconi University, Milan, PhD in Economics, 2004
  • Universitat Pompeu Fabra, Barcelona, Master in Economia (MBA), 2000
  • University of Bari, Bachelor of Arts in Economics, 1999



Selected Publications:
  • Bank Lending and Monetary Transmission in the Euro-Area, 2013, Economic Policy 28, pp. 423-457, with Roberto De Santis.

  • Risk Heterogeneity and Credit Supply: Evidence from the Mortgage Market, 2012, NBER Macroeconomics Annual 2013, Volume 27, pp. 375-419, with Tim Besley and Neil Meads.
  • A Century of Inflation Forecasts, 2013,with Antonello D’Agostino,The Review of Economics and Statistics, 94, pp. 1097-1106, with Antonello D’Agostino.
  • Evolving International Inflation Dynamics: World and Country-Specific Factors, 2012, Journal of the European Economic Association 10, pp. 716-734, with Haroon Mumtaz.
  • Two Illustrations of the Quantity Theory of Money Breakdowns and Revivals, 2011,with Tom Sargent, The American Economic Review 101, pp. 113-32.