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Piero Cipollone

Member of the ECB's Executive Board

Date of birth

3 January 1962

Place of birth

Avezzano (AQ), Italy

Education
2001

Visiting scholar, Economics Department, University of California at Berkeley

1992

Master of Arts in Economics, Stanford University

1982

Degree with honours in Economics, Sapienza University of Rome

Career
2020-2023

Deputy Governor of the Banca d’Italia

2018-2019

Economic adviser to Italian Prime Minister

2017-2018

Deputy Director General for Currency Circulation and Accounting, Banca d’Italia
Member of the ECB Budget Committee

2015-2016

Head of Planning and Controls Directorate, Banca d’Italia
Member of the ECB Budget Committee

2011-2014

Executive Director for Albania, Greece, Italy, Malta, Portugal, San Marino and Timor-Leste, World Bank Group
Chairman of the Audit Committee, World Bank Group

2007-2010

President of the Istituto nazionale per la valutazione del sistema educativo di istruzione e di formazione (Italian Institute for the Evaluation of the Education and Training System, INVALSI)

2003-2007

Head of the Labour Market Unit, Research Department, Banca d’Italia

1998-2001

Economist in the Labour Market Unit, Research Department, Banca d’Italia

1995-1997

Economist in the Balance of Payments Unit, Research Department, Banca d’Italia

1992-1994

Senior adviser to the Minister of Foreign Trade, and Chief of technical staff, Ministry of Foreign Trade

Teaching experience
1993-2001

LUISS University, Rome: Monetary Policy

1992-1994

University of L’Aquila: Labour Economics

1988-1991

Stanford University: Labour Economics

Selected professional activities

Chair of the Eurosystem High-Level Task Force on the Digital Euro, since 2023

Chairman of the Euro Retail Payments Board (ERPB), since 2023

Chairman of the Euro Cyber Resilience Board for pan-European Financial Infrastructures (ECRB), since 2023

Member of the Organisation for Economic Co-operation and Development Working Party No. 3 on Co-operation and Enforcement, 2022-2023

Member of the ECB High-Level Task Force on the Integrated Reporting Framework, 2022-2023

Member of the Coordination Group for the cross-border payments programme, Bank for International Settlements, 2021-2023

Member of the Board of the Italian Institute for the Supervision of Insurance (Istituto per la Vigilanza sulle Assicurazioni, Ivass), 2020-2023

Chair of the Executive Board of CEIS-Sviluppo (Centre for Economic and International Studies, Tor Vergata University, Rome), 2015-2017

Member of the Award Committee for the Rita Levi-Montalcini Award for Scientific Cooperation between Italy and Israel, 2015

Member of the Scientific Committee of the Collegio Internazionale Ca' Foscari (Ca’ Foscari University of Venice International College), 2012-2015

Selected honours, awards and grants

Knight of the Order of Merit of the Italian Republic

Selected publications

“Social Interactions in High School: Lessons From an Earthquake”, with Rosolia, A., American Economic Review, Vol. 97, No 3, 2007

“Does the ILO Definition Capture All Unemployment?”, with Brandolini, A. and Viviano, E., Journal of European Economic Association, Vol. 4, Issue 1, March 2006

“Multifactor Productivity and Labour Quality in Italy, 1981-2000”, with Brandolini, A., Temi di Discussione, No 422, Banca d’Italia, 2001

“Is the Italian Labour Market Segmented?”, Temi di Discussione, No 400, Banca d’Italia, 2001

“Bottlenecks, limits to growth and inflationary pressure: a multisectoral analysis of Italian industry”, with Marchetti, D.J., Journal of Policy Modeling, No 23, 2001.

Il capitale Umano, Il Mulino, Bologna, 2010

Referee for

Banca d’Italia Temi di Discussione, B.E. Journal of Economic Analysis & Policy, Fiscal Studies, Journal of Banking and Finance, Journal of the European Economic Association, Journal of Population Economics, Labour, Labour Economics, Politica Economica, Rivista Italiana degli Economisti