Luca Sala is Associate Professor at the Department of Economics at Bocconi University. He holds a Phd in Economics from Università di Pavia and a PhD in Statistics and Economics from Universitè Libre de Bruxelles. He has extensively published in leading international economic journals, such as the Journal of Monetary Economics, the Journal of Econometrics, the American Economic Journal: Macroeconomics, the Economic Journal. He has taught courses at the Universidad Nova - Lisbon, University of Oslo, University of Copenhagen. He has visited the Central Bank of Norway, Denmark, the ECB. He has been a consultant for the IMF.