Born in Adria (Rovigo) on 30 December 1961, he graduated with honours in Economics and Business from the University of Pavia in 1985.

After working briefly as a researcher at the Polytechnic of Milan and at the Banca Commerciale Italiana, he continued his postgraduate studies at the University of Pennsylvania (Philadelphia, USA), obtaining an MA in Economics in 1989.

In the same year, he joined the Bank of Italy, where he contributed to the development of the quarterly econometric model and the production of macroeconomic forecasts.

In 1995, he obtained a PhD in Economics, again from the University of Pennsylvania.

In 2007, he was appointed Head of the Modelling and Forecasting Division and in 2013 he became Head of the Economic Outlook and Monetary Policy Directorate.

He is the Bank of Italy's representative on the ECB's Monetary Policy Committee. He has published numerous articles in Italian and international scientific journals, on topics mostly relating to macroeconomic modelling and monetary economics. He has taught statistics, econometrics and international and monetary economics at universities in Italy and abroad.