Enrico Perotti

Perotti was born in Asti, Italy and grew up in Milan. He attended the classical gymnasium at Liceo Zucchi in Monza, Italy. He graduated in Discipline Economiche e Sociali from Università Bocconi, Milan, and won a MIT scholarship for a PhD in Finance at the Massachusetts Institute of Technology (MIT), where he completed his doctoral studies in 1990 under the supervision of Franco Modigliani and Jean Tirole.[4] He taught in 1989-1994 at Boston University's Graduate School of Management [1] and has held various visiting appointments at MIT, Harvard, Oxford, Columbia Business School, London Business School, New York Federal Reserve and the LSE.[5]

Enrico Perotti’s work has ranged widely. His MIT theoretical dissertation combined models of privatization, crossholding networks, the Japanese Keiretsu groups and the dynamics of asset pricing under political risk.[6] He was involved early on in advice and research on the financial transition in Eastern Europe and as advisor on finance and development at the World Bank and IMF. In this period he published extensively on the historical and political foundations of corporate governance, pension funding and privatization. Parallel interests include the evolution of legal institutions and the internal and financial structure of innovative firms. Since the 2007–2008 financial crisis he has focused on financial regulation, proposing in an article with Javier Suarez the use of Pigouvian charges to target aggregate liquidity externality.[7] He has since published work on excess credit cycles, tail risk incentives, contingent convertible capital, regulatory forbearance and the containment of bank runs. He is currently working on financial resilience and the political economy of climate policy. He is an active contributor to VoxEU and to CEPR discussion, webinar and policy paper series.

• European Economic Association (EEA) Research Fellow since 2006[8]
• Centre for Economic Policy Research (CEPR) Research Fellow since 1996 [9]
• NWO Open Competition Research Grant on Redistributive Financial Trends[10]
• Wim Duisenberg Fellowship, European Central Bank, 2015[11]
• Houblon-Normal Fellowship, Bank of England, 2011-2012[9]

• Matta, R; Perotti, E (April 2024). "Pay, Stay, or Delay? How to Settle a Run". The Review of Financial Studies. 37 (4): 1368–407. doi:10.1093/rfs/hhad084.
• Perotti, E; Rola-Janicka, M (18 October 2022). "The Good, the Bad, and the Missed Boom". The Review of Financial Studies. 35 (11): 5025–56. doi:10.1093/rfs/hhac014.
• Martynova, N; Perotti, E; Suarez, J (December 2022). "Capital forbearance in the bank recovery and resolution game". Journal of Financial Economics. 146 (3): 884–904. doi:10.1016/j.jfineco.2022.09.006.
• Ahnert, T; Perotti, E (October 2021). "Cheap but flighty: A theory of safety-seeking capital flows". Journal of Banking & Finance. 131: 106211. doi:10.1016/j.jbankfin.2021.106211.
• Martynova, N.; Perotti, E. (July 2018). "Convertible bonds and bank risk-taking". Journal of Financial Intermediation. 35 (PB): 61–80. doi:10.1016/j.jfi.2018.01.002. hdl:10419/87525.