Gianni De Nicolo

Gianni DeNicolò, PhD

Associate Professor of Practice
Academic AreaFinance
Academic AreaEconomics
Areas of InterestMacro-finance, Banking, Financial Econometrics

Gianni De Nicolò joined Johns Hopkins University (JHU) Carey Business School in 2018. Before joining JHU, he worked in the International Monetary Fund (Monetary and Capital Markets Department, Research Department, IMF Institute), was Economist in the Division of International Finance at the Board of Governors of the Federal Reserve System, Assistant Professor at the Graduate School of International Economics and Finance of Brandeis University, and Lecturer at the University of Rome I (“La Sapienza”).


  • Ph. D, Economics, University of Minnesota
  • BS, Economics, University of Rome


Selected publications

  • Run-Proof Banking Without Suspension or Deposit Insurance (1996), Journal of Monetary Economics, Vol. 38, no. 2: 377-390.
  • Stock Returns, Term Structure, Inflation and Real Activity: An International Perspective, (2000) (with F. Canova), Macroeconomic Dynamics, v. 4, no. 3: 343-72.
  • Monetary Disturbances Matter for Business Fluctuations in the G-7 (2002) (with F. Canova), Journal of Monetary Economics, Vol.49, n.6: 1131-1159.
  • Crises in Competitive versus Monopolistic Banking Systems (2004) (with J. Boyd and B. Smith), Journal of Money, Credit, and Banking, Vol 36, no. 3, (part 2): 487-506
  • The Theory of Bank Risk-Taking and Competition Revisited (2005) (with J. Boyd), Journal of Finance, Vol. 60, no. 3:1329-1343.
  • Microprudential Regulation in a Dynamic Model of Banking (2014) (with A. Gamba and M. Lucchetta), Review of Financial Studies, 27 (7): 2097-2138.
  • Forecasting Tail Risks (2017) (with M. Lucchetta), Journal of Applied Econometrics, 32: 159-170.
  • Banking Crises and Crisis Dating: Disentangling Shocks and Policy Responses (2019) (with J Boyd and T Rodianova), Journal of Financial Stability, 41: 45-54 

Working papers



  • Investments
  • Linear Econometrics for Finance
  • Financial Institutions
  • Financial Stability

Honors and distinctions

  • Associate Editor, Journal of Financial Stability, 2013-2017 
  • Research Evaluator, project on banking submitted to the Agence Nationale del la Recherce (ANR), Paris. 2017
  • Evaluator of Associate and Full Professors' CVs and Curricula, MURST (Ministry of the University and Research, Italy)