Maurizio Motolese


Affiliated to the group of studies on the Theory of Rational Beliefs directed by Prof. Mordecai Kurz, Department of Economics, Stanford University, June 2001 to present.

Post-Doctoral Student, Department of Economics, University of Leuven, Belgium, May-July 2000.

Ph.D. in Economics, University of Bologna, Italy, June 1999.

Visiting Scholar, Stanford University, 1998-1999.

Visiting Researcher, Stanford University, 1995-1998.

Academic appointments

Professor of Economics, Faculty of Economics, Catholic University of the Sacred Heart, Milan, March 2009 to present.

Publications related to this theme

“Diverse Beliefs and Time Variability of Risk Premia”, with M. Kurz, forthcoming Economic Theory, (2011).

“The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy”, with M. Kurz and H. Jin, Journal of Economic Dynamics and Control, v29/11 pp 2017-2065 (2005).

“Determinants of stock market volatility and risk premia”, with M. Kurz and H. Jin, Annals of Finance, v1/2 pp 109-147 (2005).

“Endogenous uncertainty and the non-neutrality of money”, Economic Theory, v21/2-3 (2003) pp 317-345, also published in Aliprantis, C. D., Arrow, K. J.,Hammond, P., Kubler, F., Wu, H.,

Yannelis, N. C. (eds.) Assets, Beliefs, and Equilibria in Economic Dynamics: Essays in honor of Mordecai Kurz. Berlin,Germany: Springer-Verlag (2004).

“Endogenous fluctuations and the role of monetary policy”, with M. Kurz and H. Jin. In, Aghion, P., Frydman, R., Stiglitz, J., Woodford, M. (eds.) Knowledge, information and expectations in modern macroeconomics: Essays in honor of Edmund S. Phelps. Princeton, NJ: Princeton University Press (2003).

“Money non-neutrality in a Rational Belief Equilibrium with financial assets”, Economic Theory, v18/1 (2001) pp 97-126.

“Endogenous uncertainty and market volatility”, with M. Kurz, Economic Theory, v17/3 (2001) pp 497-544.

Pubblications in italian journals and books:

“Rational Beliefs: A Review”, with C. K., Nielsen, Rivista Internazionale di Scienze Sociali, v3 (2007) pp 293-326.

“Economia e Innovazione”. In, Rajola, F., (ed.) Manuale dell’Innovazione. Milan, Il Sole 24 Ore (2006).

Other publications

“Special Issue on Rational Beliefs Theory”, with C. K., Nielsen, (eds.), Rivista Internazionale di Scienze Sociali, v3 (2007).