This website uses third party cookies to improve your experience. If you continue browsing or close this notice, you will accept their use.

Pietro Reichlin

Pietro Reichlin
Full Professor


Nato il 20/03/’56. Laurea presso la Facoltà di Scienze Statistiche, Università di Roma La Sapienza (1981).
Ph.D. (with distinction) - Department of Economics - Columbia University - USA.(1987)

Areas of research: Monetary Law and Policy

Search keywords: Asset prices, Capital, Cass Criterion, Constrained inefficiency, Default, Equilibrium Indeterminacy, Housing, Incomplete markets, Limited commitment, Private debt, Productivity, Social welfare, Solvency constraints, Transversality condition, Wealth, Wealth Inequality, Wealth taxes

Departments: Dipartimento di Economia e Finanza

Research centers:
CASMEF - Centro Arcelli per gli Studi Monetari e Finanziari


Current Position
Professor of Economics - LUISS G. Carli
Pro-Rector of Scientific Research – LUISS G. Carli
Fields of interest
Macroeconomics, Monetary Theory, Financial Markets, Business Cycle
Other professional activities
Research Fellow - CEPR.
Senior Fellow - RCEA
Associate Editor - Studies in Nonlinear Dynamics and Econometrics.
Co-Editor - Research in Economics.
1987: Ph.D. (with distinction) in Economics - Columbia University - USA.
1981: Laurea - Università di Roma La Sapienza - Italy
Academic positions
1998-2005: Professor of Economics – Università di Roma La Sapienza
1994-1998: Professor of Economics - Università di Chieti.
1992-1994: Associate Professor of Economics - Università di Napoli.
1990-1992: Ricercatore – Università di Roma La Sapienza.
1987-1988: “Jean Monnet Fellow” - European University Institute.
Visiting academic positions
2007: Columbia University, Department of Economics.
2001: European University Institute, Department of Economics.
1999: University of California Los Angeles, Department of Economics.
1998: The Abdus Salam International Center for Theoretical Physics, School on the Mathematics of Economics.
1991: University of Pennsylvania, Department of Economics.
1989: University of Pennsylvania, Department of Economics.
Teaching experience
Macroeconomics (Undergraduate, Ph.D.), Microeconomics (Undergraduate, PhD.).
Scholarships and Awards
1989: Research Fellowship from SPES Program (European Community) at CORE, Université Catholique de Louvain.           
1989: Scholarship “Fare Ricerca in Italia” from Olivetti.
1984: “President's Fellowship”, Columbia University.
1984: Fellowship “Ente Luigi Einaudi”, Banca d'Italia.
1983: “President's Fellowship”, Columbia University.
1983: Fellowship “Ente Luigi Einaudi”, Banca d'Italia.
1982: Fellowship “Interbanca”.


Main pubblications (last 10 years)

  • Reichlin, Pietro (2019). Equilibrium Indeterminacy with parental Altruism. REVIEW OF ECONOMIC DYNAMICS, p. 24-35. ISSN 1094-2025.
  • Reichlin, Pietro (2018). Money Creation: Tax or Public Liquidity?. JOURNAL OF MONEY, CREDIT, AND BANKING, ISSN 1538-4616.
  • Borri, Nicola; Reichlin, Pietro (2018). The Housing Cost Disease. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, p. 106-123.
  • Pietro Reichlin (2013). On Milanovic's Idea of World Inequality. GLOBAL POLICY, p. 211-212. ISSN 1758-5899.
  • Gaetano Bloise; Mario Tirelli; Pietro Reichlin (2013). Fragility of Competitive Equilibrium with Risk of Default. REVIEW OF ECONOMIC DYNAMICS, p. 271-295. ISSN 1094-2025.
  • Pietro Reichlin; Aldo Rustichini (2012). Pensare la Sinistra - Tra Equita' e Liberta'. Laterza. ISBN: 9788842097297.
  • Gaetano Bloise; Pietro Reichlin (2011). Asset prices, Debt Constraints and Inefficiency. JOURNAL OF ECONOMIC THEORY, p. 1520-1546. ISSN 0022-0531.
  • P. REICHLIN (2010). Le conseguenze economiche della mobilità del lavoro. GIORNALE DI DIRITTO DEL LAVORO E DI RELAZIONI INDUSTRIALI, p. 159-180. ISSN 1720-4321.
  • Pietro Reichlin (2010). Giovanni Dosi, Pietro Reichlin discutono di crisi economica. IL MULINO, p. 824-837. ISSN 1973-8145.
  • BLOISE G; P. REICHLIN (2009). An obtrusive remark on capital and comparative statics. METROECONOMICA, p. 54-76. ISSN 0026-1386.