Piero CipolloneDeputy Governor

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Born: 1962.

Nationality: Italian.

Married, with two children.

Member of the Governing Board and Deputy Governor of the Bank of Italy from 1 January 2020 (Presidential Decree of 10 January 2020). In this capacity, he is also member of the joint Governing Board of the Insurance Supervisory Authority (IVASS).

After graduating in Economics from 'La Sapienza' University of Rome, he obtained an M.A. in Economics from Stanford University. In 2001 he was visiting scholar at UC Berkeley.

In 1993 he joined the Economic Research Department of the Bank of Italy, where he remained for 15 years, first in the Balance of Payments Office and then as head of the Labour Market Office. In 2007 he was appointed Special Commissioner of the Italian research institute INVALSI, and then President until 2011. From 2010 to October 2014 he was the World Bank Group Executive Director for Italy, Albania, Greece, Malta, Portugal, San Marino and Timor-Leste, as well as Chairman of the Audit Committee.

He returned to the Bank of Italy in 2014 and on November took up the post of Head of the Planning and Controls Directorate.

He has authored and co-authored many articles and papers on trade, labour economics and education economics, published in a variety of academic journals, including American Economic Review and Journal of the European Economic Association. He has taught at both the Luiss University in Rome and the University of L'Aquila.

From 1 January 2017 to 30 September 2019 he was Deputy Director General of the Directorate General for Accounting and Controls, which in September 2017 became the Directorate General for Currency Circulation and Accounting. From September 2018 to September 2019 he was Economic Advisor to the Prime Minister.

From 1 October 2019 to 31 December 2019 he was Managing Director responsible for high-level consultancy to the Governing Board on matters concerning the organization of the Bank's functions and institutional relations.

Related Topics

Speeches by the Deputy Governors

This section contains speeches and interviews by the Deputy Governors of the Bank of Italy


The section contains the interviews with the Governor and with the other members of the Directorate.