Gustavo Piga - Dipartimento del Tesoro

GUSTAVOPIGA
UniversitàdegliStudidiRomaTorVergata
DipartimentodiEconomiaeTerritorio
ViaColumbia2
00133–RomeItaly
CurrentPositions
FullProfessorofEconomics
UniversityofRomeTorVergata
FacultyofEconomics
TeachesMicroandMacroeconomics
2009 ProcurementAdvisor,OECDSigma
ForAlbania,MacedoniaandCroatia.
3.2008
HeadDirector
Ph.D.inMoneyandFinance
UniversityofRomeTorVergata
3.2006
HeadDirector
MasterinProcurementManagement
UniversityofRomeTorVergata WinneroftheMinistryoftheEconomyAwardforbest
MasterproposalforProcurementProfessionalism
2004 Member of the Master in European Economics and
InternationalFinance,bothattheUniversityofRome
Tor Vergata. Creator and coordinator of the first 2
year post B.A. program all in English, the M. Sc. in
EuropeanEconomyandBusinessLawattheUniversity
ofRomeTorVergata.
1.02 2001
ManagingEditor
Rivista di Politica Economica, the scientific journal of
theItalianAssociationofEntrepreneurs,Confindustria
http://www.rivistapoliticaeconomica.it
11.03
Associate Editor, Applied Economics and Journal of
PublicProcurement
2002 MemberoftheScientificCommitteeof EUROMTSLtd.andFondazioneLuigiEinaudi
2009 MemberoftheCommitteeofProcurement
Evaluation
LazioRegion,HealthProcurement
Degrees
2009
MemberoftheTenderEvaluationCommittee
CNIPA,ItalianAuthorityforITinthePublic
Administration,tenderforEmailingwithCitizens
2.96 DoctorofPhilosophy,Ph.D.
ColumbiaUniversity,NewYork
"ThreeEssaysonPublicDebtManagement"
Defense Committee: Prof. Roberto Perotti, Prof.
Edmund Phelps, Prof. Robert Mundell, Prof. John
Donaldson,Prof.GlennHubbard
2.92 5.91 MasterofPhilosophyinEconomics
ColumbiaUniversity,NewYork
MasterofArtsinEconomics
ColumbiaUniversity,NewYork
7.87 6.82 ProfessionalExperience
inCooperationand inPublicProcurement
2008
2008
2007 "Laurea"inEconomics
Summacumlaude
UniversityofRome"LaSapienza",Rome
BaccalauréatC
MathematiquesetSciencesPhysiques
LycéeChateaubriand,Rome
ProcurementConsultant
For:ItalianAuthorityofProcurementforGoods,
WorksandServices.
TrainingandCurriculumDevelopmentSpecialist
“ProjectImplementationandCapacityDevelopment”
HiredbyFineuropLtd.
Project awarded by Central Procurement Technical
Unit (CPTU) – Implementation, Monitoring and
Evaluation Division (IMED) Ministry of Planning –
GovernmentofthePeople’sRepublicofBangladesh.
WorldBankfundedproject
“The Italian Participation to the World Bankfinanced
tenders”,coordinatorandcoauthorwithLucaBandiera
of a report published by the Italian Ministry of the
Economy,theItalianMinistryofForeignTradeandthe
Italian Foreign Trade Institute, after working at World
Bankheadquartersduringtheyear.Individualsselected
throughcompetitionbyaninternalBoardoftheItalian
OfficeattheWorldBank.
20062008 EconomicexpertofSECIT,ItalianMinistryofEconomy
andFinanceinrelationtoprocurementpolicies
Expert,OECD
Theoretical Framework for the Review of the Impact
ofeProcurementinTermsofTransparencyand
Accountability
ContractorforInternationalAssistancein ProcurementinLithuania,Malta,Hungaryand
Bulgaria(whereheworkswiththePublicProcurement
Authoritytoestablishaneprocurementnational
Plan).
2005 2006
2006 5.02–5.05
2005 ChairmanoftheBoard,
ConsipS.p.A,theItalianNationalProcurement
Agencyowned100%bytheItalianMinistryofthe
Economy.
Launched and chaired initially the European Union
Learning Lab on Procurement, an expert group of 35
ProcurementAgenciesfrom26EUcountriesthat
meetsregularlytodiscussstrategicconcernsin
procurementpractices
Member
Expert Group on “Increasing the Impact of Public
Procurement on Private Investment in R+D and
Innovation:ConcretePolicyOptions”
EuropeanCommission,DGResearch
2004 4.01 CoOrganizer,withKhiV.Thai,2ndInternational
PublicProcurementConference
“Practices,InnovationandKnowledgeSharing”
UniversityofRomeTorVergata,September2123
Member
PanelSessionon“InnovationandPublicProcurement.
Review of Issues at Stake”, project commissioned by
theEuropeanCommission,DGEnterprise
AdvisortotheTurkishTreasury
UndertheInternationalMonetaryFundsponsoring
Advisedontheoptimalstructureofpublic
Governmentissuesafterthebankingcrisis. 7.998.99
8.987.99
AdvisortotheTurkishTreasury
UndertheInternationalMonetaryFundsponsoring
Constructed the first Turkish government 3year
FloatingRateNoteandadvisedonthepossiblelaunch
of a new primary dealer system for the Turkish
secondarymarketingovernmentsecurities.
ConsultantfortheMinistryoftheTreasury
ResearchUnitfortheEvaluationofEconomicPolicies
WritesandeditsoneofthechaptersoftheDPEF,the
4yeardocumentpresentingtheItalianEconomicand
BudgetaryPlan
6.987.98
9.967.97
VisitingScholarInternationalMonetaryFund
ResearchDepartment,WashingtonD.C.
ForaprojectonDebtManagementinEasternEurope
ConsultantfortheMinistryoftheTreasury
Worked in the "Research Unit for the Evaluation of
Economic Policies" directed by Vittorio Grilli, Alberto
Alesina and Francesco Giavazzi, evaluating the fiscal
impact of bills proposed to the Parliament and
draftingthemediumtermfiscalplanfor19982000.
1.933.94
Books 2008 2008 MemberoftheCouncilofExperts,anadvisingbodyto
theTreasuryMinisteronissuesrelatedtopublicdebt
management. Created the calendar of medium and
longterm lira issues, participated in several projects
ranging from the reform of the procedure of
reimbursement of the withholding tax on Italian
government securities to nonresidents, to the issue
of the new 30year bond. Participated in the road
shows for "Global" issues of the Republic of Italy,
travelingthroughoutAsia.
“Revisiting Keynes: Economic Possibilities for Our
Grandchildren”, coeditor with Lorenzo Pecchi, MIT
Press.
A book on Keynes’ predictions regarding labor supply
andincomein2030withtheparticipationof leading
economistslike,amongothers,GaryBecker, Edmund
Phelps,RobertSolowandJosephStiglitz.
“The outsourcing of business and IT processes. Its
impact on firms and for Italy”, with Corrado Cerruti
andRiccardoPacini,ed.IlSole24OreManagement.
2006 CoEditor of “Handbook of Procurement” withNicola
DimitriandGiancarloSpagnolo
CambridgeUniversityPress
2006 CoEditor, “Economics of Public Procurement”, with
KhiV.Thai,PalgraveMacmillanPublisher.
2006
2002
CoEditor, “Capital Accumulation, Productivity and
Growth–MonitoringItaly2005”,withMarco
Malgarini,PalgraveMacmillanPublisher.
CoEditor of “Rules for the Market” (Italian), with
MarioBaldassarriandGiampaoloGalli
PublishedbyilSole24Ore,Milan 2001 “DerivativesinPublicDebtManagement”.
PublishedbytheCouncilonForeignRelationsandby
theInternationalSecuritiesMarketAssociation.
1997 Editorof“ManagingPublicDebtIndexLinkedBonds
in Theory and Practice”, with Marcello de Cecco and
Lorenzo Pecchi, Edward Elgar Publisher, Cheltenham
Glos.
“Pressioni Politiche e instabilità economica: il ruolo
dei contratti nominali”, con Lorenzo Pecchi, in Scritti
inonorediManlioResta,acuradiGianandrea
Bernagozzi,CEDAM.
Publications
2010
2009 2007 “Epluribusunum?Unavalutazionedell’esperienza
ConsipS.p.A.”,inL’Industria,ilMulino,AprilJune,n.2.
EuroDebtPrimaryMarketReport
withMicheleBagella,AndreaCoppolaand RiccardoPacini,aUnicreditTorVergatapublication
2007 2007
2006
“The Italian Participation to the World Bankfinanced
tenders”,coordinatorandcoauthorwithLucaBandiera
of a report published by the Italian Ministry of the
Economy,theItalianMinistryofForeignTradeandthe
Italian Foreign Trade Institute, after working at World
Bankheadquartersduringtheyear.
“TransparencyintheEuropeanBondMarket”,
Transition Studies Review n. 45, with Paolo Paesani,
“Introduction” with Nicola Dimitri and Giancarlo
Spagnolo; “The Variety of Procurement Practice:
Evidence from Public Procurement” with Laura
Carpineti and Matteo Zanza, “Fostering Participation”
with Gianluigi Albano, Nicola Dimitri and Isabelle
Perrigne, “When Should Procurement be Centralized”
with Nicola Dimitri and Federico Dini. All chapters in
Handbook of Procurement, edited by Nicola Dimitri,
Gustavo Piga and Giancarlo Spagnolo, Cambridge
UniversityPress.
2006 Benchmarking European Public Procurement Practices:
PurchasingofFixLineTelephoneServicesandPaperfor
Printers”withLauraCarpinetiand Matteo Zanza, in
Advancing Public Procurement: Practices, Innovation
andKnowledgeSharingPrAcademicPress.
2006 2005 “On the Sources of the Inflation Bias and Output
Variability”, Scottish Journal of Political Economy,
vol.52,September2005.
2004 “Euro Public Debt Management”, with Stefano
Scalera,inMonetaryPolicyandMonetaryInstitutions,
edited by Giorgio Di Giorgio and Fabio Neri, LUISS
UniversityPress,forthcoming.
2004 “ParallelMonies,ParallelDebt:LessonsfromtheEMU
and Options for the New EU Members” with Giorgio
Basevi and Lorenzo Pecchi, in Monetary Union in
Europe: Historical Perspectives and Prospects for the
Future, edited by Peter Birch, Djøf Publishing,
Copenhagen.
2004 2004 “Why do Transparent Public Procurement and
CorruptionGoHandinHand?”withRaffaellaCoppier,
in “Economics of Public Procurement”, a book edited
by Gustavo Piga and Khi V. Thai, PalgraveMacmillan
Publisher.
“An Exploratory Analysis of Public Procurement
PracticesinEurope”withMatteoZanza,inChallenges
in Public Procurement: an International Perspective,
edited by Kvi Thai et al., PrAcademics Press, Fort
Lauderdale.
“The Term Structure of Interest Rates and the
Government’sChoiceofDebtMaturity:aNote”,with
GiorgioValente,FinanceLetters,April.
2001 2000
“Do Governments Use Financial Derivatives
Appropriately?”
InternationalFinance,Vol.4,n.2,Summer2001.
“Public Debt Management, Challenges and Prospects
in the EMU” with Alessandro Missale, in Fiscal Policy
Imbalances, the Monetary Transmission Mechanism
and Prudential Supervision: Issues Facing Europe’s
CentralBankers,CEPR,London.
1999 EMUandPublicDebtManagement:OneMoney,One
Debt?, with Carlo Favero and Alessandro Missale,
PolicyReportn.3,CEPR.
1999 “Public Debt Management in EMU”, LUISS, OCSM
working paper. Paper prepared for the European
Commission after meeting with all EMU debt
managersandseveralEMUmarketmakers.European
Commission financed project n. II/97/009 “Monetary
Policy in Stage III: Implications of Different Debt
StructuresAcrossMemberStates”withCarloFavero,
AlessandroMissaleandHaraldUhlig.
1999 "The Politics of IndexLinked Bonds", with Lorenzo
Pecchi, Economics and Politics, July 1999, 11:2, 201
212.
1999 "Dependent and Accountable: Evidence from the
Modern Theory of Central Banking", Journal of
Economic Surveys, Special Issue in Political Economy,
December2000,563596andinIssuesinNewPolitical
Economy,ed.byStuartSayer,BlackwellPublisher.
1999 “Forward to the Swedish Guidelines on Public Debt
Management”,RivistaItalianadegliEconomisti,1999,
n.1,137141.
1997 "In Search of an Independent Province for the
Treasuries: How Should Public Debt be Managed?",
JournalofEconomicsandBusiness,1998;50:257275.
1997 "Who's Afraid of IndexLinked Bonds?", with Lorenzo
Pecchi, in Managing Public Debt: IndexLinked Bonds
in Theory and in Practice, edited by Marcello De
Cecco,LorenzoPecchiandGustavoPiga,Cheltenham
Glos:EdwardElgar.
6.1997
"Indexation,
Inflation
and
Central
Bank
Independence",withLorenzoPecchi,DiscussionPaper
Seriesn.969728,ColumbiaUniversity,submittedfor
publication under the title “Political Pressures and
PriceInstability:TheRoleofNominalContracts”.
6.96 "DebtManagementinItalyinthe'90's"
CentroEuropaRicerche(CER)reportn.2,1996.
6.96 "Budget Rules versus Budget Flexibility: a Political
EquilibriumApproach,"EconomicNotes,n.2.
1996 "Distributive Equity and Economic Efficiency: Trade
off and Synergy" with Mario Baldassarri, in Equity,
Efficiency and Growth, edited by Mario Baldassarri,
Luigi Paganetto and E.S. Phelps published by
MacmillanPressLtd./St.Martin'sPress,1996.
Spring 1995 "DoesDebtManagementMatter?AMarketOriented
ResponsefromtheItalianCase",withLorenzoPecchi,
EconomicandFinancialReview.
1994 "Understanding the High Interest Rates on Italian
GovernmentSecurities,"withAlbertoGiovannini.
Published in Bond Markets, Treasury and Debt
Management The Italian Case, ed. by V. Conti, R.
HamauiandH.M.Scobie,London:ChatmanandHall.
1993 "An Attempt to Model a 'TobinModigliani' Approach
to Savings," with M. Baldassarri, P. De Santis and G.
Moscarini. Published in World Saving, Prosperity and
Growth, ed. by M. Baldassarri, L. Paganetto and E.S.
Phelps,MacMillanPress.
11.90 "Asymmetric Information and the Credit Crisis to
LDC's",RivistadiPoliticaEconomica.
CurrentResearchSubmittedfor
Publication “Cartelization, wage policies and the Great Depression
in Italy: searching for evidence of a link", with Claire
GiordanoandGiovanniTrovato.
“Watering the Garden of Government Securities:
Measuring the Bunching Effect in Euro Sovereign Bond
Markets”,withAndreaCoppolaandAndreaGirardi.
“Do Clean Hands Ensure Healthy Growth: Theory and
PracticeoftheBattleAgainstCorruption“withRaffaella
CoppierandMauroCostantini
“Corruption,
growth
and
ethnolinguistic
fractionalization: a theoretical model” with Roy
CerquetiandRaffaellaCoppier.
ResearchandConferences 2010 Unctad – Geneva, Switzerland
With Paolo Paesani
“Government debt servicing and macroeconomic risk in emerging
economies: lessons learned and recommendations”
2006
CoOrganizer,withKhiV.Thai,2ndInternational
PublicProcurementConference
“Practices,InnovationandKnowledgeSharing”
UniversityofRomeTorVergata
2004
Organizer,InternationalConference
“ManagingtheFuturethroughPensionSchemes”
UniversityofRomeTorVergataandMinistryof
theEconomyandFinance
1999 Presented “Government Securities Markets: the
Impact on EMU” with Alessandro Missale at the
CEPR/EuropeanSummerInstitute1999Conference
“FiscalPolicyImbalances,theMonetaryTransmission
MechanismandPrudentialSupervision:IssuesFacing
Europe’sCentralBankers”,Lisbon,17/189/1999. 1998 “On the Sources of the InflationaryBias”, presented
at the 1998 meetings of the European Economic
Association,Berlin.
1997 Participatingintheproject"PublicDebtManagement
and Fiscal Adjustment in Economies in Transition",
withthesupportoftheEuropeanCommission'sPhare
ACEProgramme1995.
2.96 "What Can Eastern European DebtManagers Learn
from the Italian Experience?", presented at the
conference "Attracting Foreign Investment to the
Government Securities Markets of Central and
Eastern Europe and the Former Soviet Union",
organized by the U.S. Treasury Department,
Budapest,February1996.
Fellowshipsand
Awards
1.92 1998 "Earnings and Human Capital in a Deterministic Life
CycleModel:aTobinModiglianiApproachtoaSpring
SavingBehavior,"withM.Baldassarri,P.DeSantisand
G. Moscarini. Accepted for the 1991 meeting of the
AmericanEconomicAssociation.
CNRNATOfellowship
Ranked1st 1994 1992 Visited,whilememberoftheCouncilofExpertsatthe
ItalianMinistryoftheTreasury,fortwoweeksFrench
economic institutions under a competitive award
sponsoredbytheFrenchForeignAffairsMinistry.
PresidentFellow
GraduateSchoolofArtsandSciences
ColumbiaUniversity,NewYork
1989 ZuckermanFellow
SchoolofInternationalandPublicAffairs
ColumbiaUniversity,NewYork
1988 GiambattistaMarchesiniFellow
CassadiRisparmiodiRoma
Refereed for the American Economic Review,
Economic Notes, Economica, Economic Journal, the
EuropeanEconomicReview,InternationalFinance,the
International Journal of Finance and Economics, the
Journal of Banking and Finance, the Rivista Italiana
degliEconomistiandtheRivistadiPoliticaEconomica.
OtherProfessionaland
ScientificActivity
2007 ScientificCoordinator
Italian Competitiveness and the Role of Business
ProcessOutsourcing An AccentureUniversity Tor Vergata research that
leadtoapublicationinItalian(seebooks).
20042007
20022007 ResearchFellow
Enteperglistudimonetari,bancariefinanziari"Luigi
Einaudi",BankofItaly
Referee
Member of the Organizing Committee, Doctorate in
Money,BankingandFinance,UniversityofRomeTor
Vergata.
4.01–10.03 FullProfessorofEconomics
UniversityofMacerata
FacultyofEconomics
TeachesMicroeconomicsandMacroeconomics.
11.983.01 AssociateProfessorofEconomics
UniversityofMacerata
FacultyofPoliticalSciences
TeachesMicroeconomics.
2002 Professor,LUISSUniversity
Teachesashortcoursein“TheMacroeconomics of
BudgetDeficits”forundergraduatestudents
7.99 12.01 AssistantEditor
Rivista di Politica Economica, the scientific journal of
the Italian Association of Entrepreneurs,
Confindustria.
199901
InternationalEconomicsAdjunctFellow
CouncilonForeignRelations,CFR,NewYork
Author of the book “Derivatives in Public Debt
Management”publishedbyCFRandbyInternational
SecuritiesMarketAssociation.
9.989.99
5.999.99
AdjunctAssociateProfessorofMonetaryEconomics
UniversityLUISS,Rome
AdjunctAssociateProfessorofMonetaryEconomics
MasterinEconomicsandInstitutions
UniversityofTorVergata,Rome
4.9710.98
TenuredAssistantProfessorofEconomics
UniversityofRome"LaSapienza"
9.975.98
Adjunct Assistant Professor of Accounting and
Finance,ColumbiaUniversity
4.944.97
NontenuredAssistantProfessorofEconomics
UniversityofRome"LaSapienza"
OtherActivities
3.956.97
AssistantProfessorofMonetaryEconomics
UniversityLUISS,Rome
MemberoftheScientificCommitteeItalianAcademy
for Advanced Studies, Columbia University in New
York,NY,20062008. Language
DateandPlaceofBirth
CivilStatus Member of the Editorial Board of the Rivista Italiana
degli Economisti from 1996 to 1997 and of the
Working Papers of the Dipartimento di Economia
Pubblicafrom1995to1997.
Wrote for the weekly economic section of the
newspaper"LaRepubblica"onDebtManagementand
Monetary Policy. He writes for Sole24ore, Il Foglio
andRiformistaoneconomicpolicyissues,particularly
procurementandmonetarypolicy.HeisalsoScientific
Editor of Formiche, a bimonthly economic
publication.
In 2002, Member of the Scientific Committee of the
project“ThelinkbetweentheRegionsofMarcheand
Umbria. A research on Road SS77", a Price
Waterhouse and Cooper’s consultancy for the
Fondazione Cassa di Risparmio delle Province di
Macerata.
ConsultedregularlywithhedgefundsregardingItalian
politicalandcreditrisk.
Visitor for one week at the Small Business
Administration in Washington DC, February 2007,on
behalf of the Italian Association of Entrepreneurs,
Confindustria,toreportonthemissionofSBA.
FluentinEnglishandFrench,mothertongueItalian.
18February1964inBolzano,Italy.
Married with Patricia K. Thomas, with one son,
Niccolò Stephen and two daughters, Caterina Gwen
andChiaraAlessandra.
OtherInformation
CurrentAddress
In1988servedintheItalianArmy,asaCorporal.
ViaAlbertoCaroncini53
00197,Rome,Italy
Tel.39/06/8085772or39/329/0285459
Uff.39/06/5903601Fax39/06/2020500
EMAIL:[email protected]
WebSite:http://www.gustavopiga.it