Research Interests

• Empirical Asset Pricing, Financial Econometrics, International Finance, Market Microstructure, Experimental Finance.

Publications

• Demographic Trends, the Dividend-Price Ratio and the Predictability of Long-Run Stock Market Returns (joint with Carlo A. Favero and Andrea Tamoni), Journal of Financial and Quantitative Analysis, 2011, vol. 46 (5).

Working Papers

• Inflation, Stock Market and Long-term Investors: Real Effects of Changing Demographics, accepted for presentation at XIX Finance Forum (Granada, Nov 18-19) and International Paris Finance Meeting organized by French Finance Association and EUROFIDAI (Dec 20).
• Demographics and the Behaviour of Interest Rates (joint with Carlo A. Favero and Haoxi Yang), under revision.

Work In Progress

• Pre-trade Transparency and Informed Trading: An Experimental Approach to Hidden Liquidity, presented at FMA 2009, Hamburg, XVII Finance Forum, Madrid, ESA European Meeting, Innsbruck.

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