Carlo Giannini Association
The ACG is devoted to the promotion of Econometrics, primarily in the Italian academic system, in an attempt to honour the memory of Carlo Giannini (a professor of Econometrics who served at the Italian Universities of Ancona, Bergamo, Calabria, Milan and Pavia).
At present (November, 2008), the ACG is based at the Dipartimento di economia politica e metodi quantitativi of Pavia University, and members of its Board (Consiglio Direttivo) are Gianni Amisano, Marco Lippi, Rocco Mosconi, Eduardo Rossi and Giovanni Urga.
Carlo Giannini Research Fellowship in Econometrics
Together with CIDE, in 2006 the ACG launched the First Edition of the “Carlo Giannini Research Fellowship in Econometrics”. This Research Fellowship in Econometrics (whose application procedure is published at the CIdE website) is aimed to young researchers of all nationalities who wish to do advanced research in Econometrics in an Italian University.
The (two-year) Fellowship entitles the winner to the payment of a yearly sum of Euro 50.000,00, gross of all taxes and social security contributions: it was first awarded to Massimo Franchi to work at the Department of Economics of the University of Insubria.
The Second Edition of the Fellowship was launched in October 2009: the official call is available here.
The ACG gratefully acknowledges the Bank of Italy’s financial support.
The Second International Conference in Memory of Carlo Giannini:
Together with the Bank of Italy, the ACG organized the Second International Conference in memory of Carlo Giannini, which was held at the Bank of Italy, Rome, 19/20 January 2010. Invited speakers were: Marco Del Negro, New York Fed; Carlo Favero, Bocconi University; John Geweke, University of Technology, Sydney; Mark W. Watson, Princeton University; and Tao Zha, Atlanta Fed.
First Carlo Giannini Ph.D. Workshop in Econometrics:
The ACG and the Dipartimento di Scienze Economiche dell’Università di Brescia organized a workshop for Ph.D. students and post-doctoral researchers with a field of specialisation in financial econometrics and quantitative finance. The aim of the meeting was to bring together young researchers in applied and theoretical econometrics and introduce them to the Italian econometric profession.
The First International Conference in Memory of Carlo Giannini:
The First International Conference in memory of Carlo Giannini was held at the Department of Economics 'H. P. Minsky', Bergamo University, Italy, 25 – 26 January 2008.
The best paper written by a young scientist (for a paper to be eligible for the prize, all its authors had to be under 32 years of age or no more than 3 years past a Ph.D. defence) and presented at the Italian Congress of Econometrics and Empirical Economics is awarded the Carlo Giannini Prize.
At the First Italian Congress of Econometrics and Empirical Economics (Ca’ Foscari University, Venice, January 24-25, 2005), the CG Prize was awarded to Federico Martellosio for the paper “The Correlation Structure of Spatial Autoregressions”.
At the Second Italian Congress of Econometrics and Empirical Economics (Bologna University, Rimini, January 25-26, 2007), the winner paper was "Inflation Dynamics and the New Keynesian Phillips Curve: A Bayesian Approach" by Andrea Carriero “for successfully implementing an econometric method to evaluate the degree of approximation with which parameter restriction implied by a specific economic theory can be considered not rejected”. The author of the winning paper received the sum of 2,500 Euros, generously given by Giornale degli Economisti.
At the Third Italian Congress of Econometrics and Empirical Economics (Università Politecnica delle Marche, Ancona, January 30-31, 2009), the winner paper was "The Incapacitation Effect of Incarceration: Evidence from Several Italian Collective Pardons", by Giovanni Mastrobuoni and Alessandro Barbarino, with the following motivation: “this paper has all the desirable qualities of an outstanding piece of empirical work. It addresses a well-defined and policy relevant issue, presents a sketchy but insightful theoretical model, and carries out methodologically sound econometric work on a carefully collected data set. Also the results are interesting and the policy implications well spelled out. In particular, the Program Committee praises the authors for their attention to the relevance of the identification problem in econometrics and their innovative solution”. The authors of the winning paper received the sum of 2,500 Euros, generously given by Giornale degli Economisti.
Workshops organized by the ACG
Carlo Giannini passed away on the 11th of September 2004, after a long fight with cancer he strove with his characteristic bravery. It was a huge loss not only for his family and those who beloved him, ma also for the Italian University System. Carlo has taught for more than 30 years, and he left a large number of colleagues, pupils and friends.
Here you can find his bibliography, the speech To Carlo (“Per Carlo”, in Italian) that Renzo Rampa read at the “Day of Study” (Giornata di studi econometrici) that the Pavia Faculty of Economics dedicated to Carlo in June 2004, and a link to the remembrance of Carlo (Take a walk on the wild side, in Italian) written by Marco Lippi.
Carlo has been remembered on the Journal of Econometrics with the following words: “Finally, we thank the authors of the many fine papers collected here, which we hope will honour the memory of our colleague Carlo Giannini of the University of Pavia, to whom we are indebted for having shaped Italian research in financial and macro-econometrics." (F.X. Diebold, R.F. Engle, C. Favero, G.M. Gallo, F. Schorfheide, ‘Editorial: The econometrics of macroeconomics, finance, and the interface’, Journal of Econometrics, vol. 131, p. 1-2, 2006; doi:016/j.jeconom.2005.01.002).
A special issue of the Journal of Business and Economic Statistics has been dedicated to Carlo by his Editor (Giovanni Urga) as it follows (on page 9): “I wish to dedicate this special issue of the Journal of Business & Economic Statistics to the memory of my mentor and friend Carlo Giannini of University of Pavia (Italy). Those who had the privilege to work with Carlo are missing his impeccable rigour and passionate dedication to econometric analysis.” (G. Urga, ‘Common Features in Economics and Finance: An Overview of Recent Developments’, Journal of Business and Economic Statistics, vol. 25, p. 2-11, 2007; doi:10.1198/073500106000000602).