Carlo Altomonte

Non-Resident Fellow

Expertise: International economics, Firms & competitiveness, Industrial policy, EU single market. CV: Download CV Twitter: @Altomonte_C

Carlo Altomonte is an Associate Professor of Economics of European Integration at Bocconi University. At SDA Bocconi School of Management, he is a Professor of Macroeconomics and International Business Environment within the Executive MBA programs, for which he has been awarded the ‘Best MBA Teacher’ prize.

He received his BA in International Economics at Bocconi University in Milan, his M.Sc. in Economics at Université Catholique de Louvain and his Ph.D. in Applied Economics at the Catholic University of Leuven. He has also completed doctoral studies in International Economic Law. He has been a visiting professor, among others, at the Paris School of Economics (Panthèon-Sorbonne, Paris, France), NYU (New York, USA), Korean Business School (Seoul, Korea), Keio University (Tokyo, Japan), Fudan University (Shanghai, China) and KU Leuven (Leuven, Belgium).

A Research Fellow of Fondazione Eni – E. Mattei (FEEM), Milan and non-resident Fellow of Bruegel, he has been regularly acting as a consultant for a number of international institutions, including the United Nations (UNCTAD), the European Parliament, the European Commission and the European Central Bank, analysing the role of international trade and investment and their implication for competitiveness. In the private sector, he has acted as a consultant on the evolution of the international macroeconomic environment for a number of multinational companies, among which are the Freudenberg Group, Riello Industries, Italcementi, Sanofi, Whirlpool, BMW, AMD Industries, and TNT Post.

His main areas of research and publication are international trade and investment, the political economy of globalization and the process of European integration. He has published in several top academic journals, including Economic Policy, International Journal of Industrial Organization, Journal of Economic Geography, Journal of International Business Studies, and Oxford Bulletin of Economics and Statistics.

Declaration of outside interests 2015

Contact information

[email protected]

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Remaking Europe: the new manufacturing as an engine for growth

Europe needs to know how it can realise the potential for industrial rejuvenation. How well are European firms responding to the new opportunities for growth, and in which global value chains are they developing these new activities? The policy discussion on the future of manufacturing requires an understanding of the changing role of manufacturing in Europe’s growth agenda.

By: Reinhilde Veugelers, Uuriintuya Batsaikhan, Filippo Biondi, Albert Bravo-Biosca, Justine Feliu, Dalia Marin, Robert Kalcik, Silvia Merler, Simone Tagliapietra, Georg Zachmann, J. Scott Marcus, Georgios Petropoulos, Carlo Altomonte, Valeria Negri, Maciej Bukowski and John Morales Topic: Innovation & Competition Policy Date: September 7, 2017
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Blog Post

The knowns and unknowns of the European competitiveness debate

Micro-economic features of economic systems can have a major impact on national performance. Policymakers should therefore reconfigure their scoreboards to reflect the roles played in a country’s economic growth by large internationalized firms, global value chains or resource reallocation.

By: Carlo Altomonte and Gábor Békés Topic: Innovation & Competition Policy Date: April 27, 2016
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Measuring competitiveness in Europe: resource allocation, granularity and trade

This new Bruegel Blueprint provides a differentiated understanding of growth, productivity and competitiveness and the important role public policy needs to play.

By: Carlo Altomonte and Gábor Békés Topic: European Macroeconomics & Governance Date: January 28, 2016
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Blog Post

Has globalisation 'peaked'? Trade and GDP growth in the post-crisis context

Is the ‘Global Trade Slowdown’ a signal that globalisation has structurally 'peaked', and thus we should expect a stagnation of trade growth also in the future? Or is the slowdown just the result of cyclical drivers, e.g. the fragile European recovery and slower growth in China?

By: Carlo Altomonte, Italo Colantone and Elena Zaurino Topic: Global Economics & Governance Date: September 7, 2015
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Blog Post

The 'dos and don'ts' of a growth-friendly policy mix for the Euro area

Carlo Altomonte and Tommaso Aquilante highlight some clear ‘dos’ and ‘don’ts’ when looking at the fiscal/structural side of a growth-friendly policy mix for the euro area.

By: Carlo Altomonte and Tommaso Aquilante Topic: European Macroeconomics & Governance, Innovation & Competition Policy Date: October 2, 2014
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Book/Special report

EU to DO 2015-2019

Memos to the new EU leadership.

By: André Sapir, Guntram B. Wolff, Zsolt Darvas, Silvia Merler, Nicolas Véron, Mario Mariniello, Carlo Altomonte, Reinhilde Veugelers, Rainer Münz, Suparna Karmakar, Georg Zachmann and Jim O‘Neill Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Date: September 3, 2014
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Policy Contribution

Asset-backed securities: The key to unlocking Europe's credit markets?

Direct European Central Bank intervention in the market for asset-backed securities (ABS) has the potential to become, under certain conditions, a mechanism to unlock credit markets in the euro area. 

By: Carlo Altomonte and Patrizia Bussoli Topic: European Macroeconomics & Governance Date: July 23, 2014
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The future of asset-backed securities in the euro area

Carlo Altomonte, Non resident scholar at Bruegel and Professor at Bocconi University, discusses the risks of asset-backed securities in Europe. In his new Policy Contribution – to be released this week on Bruegel’s website – he tackles the ECB’s recent announcement that it would acquire "simple and transparent" notes, as well as the impact of […]

By: Carlo Altomonte Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: July 13, 2014
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Blog Post

Internationalisation and innovation of firms

The analysis suggests that policymakers should coordinate, if not integrate, innovation and internationalisation policies in order to boost productivity and growth.

By: Carlo Altomonte, Tommaso Aquilante, Gábor Békés and Gianmarco Ottaviano Topic: Innovation & Competition Policy Date: March 22, 2014
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Blog Post

Are capital markets the only friend of innovation?

Intangible assets are the key to growth in the knowledge economy, but innovative entrepreneurs can find it hard to secure the financing to kick-start their projects. The role of capital and credit markets in procuring funds for innovation is therefore crucial. 

By: Marco Antonielli and Carlo Altomonte Topic: Finance & Financial Regulation, Innovation & Competition Policy Date: March 19, 2014
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