Deutsche Bank Chair in Quantitative Finance and Asset Pricing
Carlo Favero is Full Professor of Economics at Bocconi University and served as Head of the Department of Finance from 2013 to 2019. Since 1997, he has been a Fellow of the Centre for Economic Policy Research (CEPR) in the International Macroeconomics Programme. At Bocconi University, he served as Director of IGIER (Innocenzo Gasparini Institute for Economic Research) from 2000 to 2004 and again from 2008 to 2019, and as its President from 2011 to 2016. He was also Director of the PhD in Finance programme from 2008 to 2010.
Alongside his academic career, Professor Favero has worked as a consultant for the European Central Bank and the World Bank. Since 2011, he has been a member of the Scientific Committee for Research Grants at the Fondation Banque de France, and since 2016 he has served as a consultant to the Council of Economic Experts of the Italian Ministry of Economy and Finance.
Held - Carlo Favero
Joint Purpose
Based on the consolidated partnership between Deutsche Bank and Bocconi University, the Deutsche Bank Chair in Quantitative Finance and Asset Pricing was established in 2010. It was a fixed-term chair assigned to Carlo Favero, Full Professor in the Department of Finance. Then, in 2016 Deutsche Bank confirmed its commitment to the advancement of knowledge and supporting research, consolidating its support for Bocconi University and transforming the Chair established six years earlier into an endowed chair. The Chair’s research focuses on the interactions between demographic trends, asset prices and the effects of the growth in longevity. Deutsche Bank's commitment aims to support research in the financial field, as well at educate young talents through training activities. In addition to the pure research conducted by Professor Favero and the Research Assistants who work alongside him, the Chair also is also committed to teaching activities, aimed at training the new generations. Finally, outreach and dissemination activities include presentations, events and seminars to disseminate the research conducted.
Core Activities
Research
The Chair’s research is focused on two main areas. In light of the Covid-19 pandemic and the changed global economic landscape, Professor Favero’s research focuses on the construction and simulation of Epidemiology and Economics models for the evaluation of the optimal policies for "Non-Pharmaceutical Intervention" to control the virus. A second area of research includes the construction of new factor models to explain the prices of financial assets, taking into account the possibility of short-term fluctuations caused by economic agents’ non-optimizing behavior.
Communication and Dissemination
The Deutsche Bank Chair in Quantitative Finance and Asset Pricing’s activities have been enriched over the years by the dissemination of Professor Favero’s research results, thanks to his participation in seminars and conferences organized by prestigious academic and institutional entities.