Born in Rome on 9 October 1953. He graduated with honours in Statistical and Demographic Sciences (economics stream) in 1977.

Following his national service, from 1978 to 1980 he pursued postgraduate studies at Cambridge University (United Kingdom), obtaining the degree of Master of Philosophy, and at the University of Regensburg (Germany).

From 1980 to 1981 he worked as a researcher at SVIMEZ and in 1982 he joined the Bank of Italy's Economic Research Department. He was Head of the Real Economy Sector from 1998 to 2007, and Head of the Economic and Financial Statistics Department, within the Economics, Research and International Relations Area, from 2008 to 2011. In 2011 he was appointed Head of the Structural Economic Analysis Department of the same area.

Since 27 January 2014 he is Deputy Director General for Economics, Statistics and Research.

He is the author of many publications, the most important of which deal with the industrial economy, industrial relations and economic history. His most recent works are Beneduce (with M. Franzinelli, Mondadori, 2009), Critica della ragione meridionale (with L.Cannari and G. Pellegrini, Laterza 2010) and Sindona. Biografia degli anni Settanta (Einaudi, 2016).