Curriculum vitae

Current position

Bank of Italy
Research Economist, Bologna Branch, March 2022–present

Previous appointments

World Trade Organization
Research Economist, Economic Research and Statistics Division, July 2020–March 2022
Consultant, Development Division, November 2019–March 2020
Intern, Development Division, May–August 2019

ISTAT
Research Trainee, Econometrics and Forecasting Division, July–September 2017

Permanent Mission of Italy to the UN and WTO
Intern, Economic Affairs Department, May–July 2016

Education

PhD in International Economics
Geneva Graduate Institute, 2023
Three essays in international trade

Sant’Anna School of Advanced Studies, Pisa
Honours programme in Economics and Management, 2013–2019
Final grade: 100/100, magna cum laude

MSc in Economics
University of Pisa, 2016–2018
Final grade: 110/110, magna cum laude, with special mention
Visiting student, École Normale Supérieure de la rue d’Ulm, Paris, September–December 2017

Bachelor’s degree in Economia e Commercio
University of Pisa, 2013–2016
Final grade: 110/110, magna cum laude
Visiting student, Chongqing University, October 2015
Summer School in Money and Banking, London School of Economics, July 2016

Publications

Inputs in distress: Geoeconomic fragmentation and firms’ sourcing

Ludovic Panon, Laura Lebastard, Michele Mancini, Alessandro Borin, Peonare Caka Tofani, Gianmarco Cariola, Dennis Essers, Elena Gentili, Andrea Linarello, Tullia Padellini, Francisco Requena and Jacopo Timini

European Economic Review, 187, 105355 (2026).

Multinationals and Innovation in Italy: Evidence from Patent and Firm-to-Firm Transaction Data

Gianmarco Cariola, Giovanni Battista Carnevali, Andrea Linarello, Francesco Manaresi, Emanuele Russo and Matteo Sartori

Economia Italiana, 2026/1.

Trade in the time of COVID-19: an empirical analysis based on Italian data

Gianmarco Cariola

Review of World Economics, 161(4), 1463–1499 (2025).

The impact of LDC graduation on trade: A quantitative assessment

Eddy Bekkers and Gianmarco Cariola

The Journal of International Trade & Economic Development, 34(3), 397–427 (2025; online 2024).

Working Papers

Mapping supply chains with micro data: the case of the Italian automotive industry

Luca Brugnara, Gianmarco Cariola, Pasquale Recchia and Simone Zuccolalà

Bank of Italy Occasional Paper 1041 (2026).

The value of words: evidence from non-financial disclosure regulation

Antonio Accetturo, Audinga Baltrunaite, Gianmarco Cariola, Annalisa Frigo and Marco Gallo

Bank of Italy Working Paper 1498 (2025); CEPR Discussion Paper 20343 (2025).

The Italian automotive sector in the green transition: empirical evidence and insights from industry experts

Andrea Orame (coordinator), Gianmarco Cariola and Gianluca Viggiano

Bank of Italy Occasional Paper 911 (2025).

Multinational enterprises in Italy: insights from firm-level data

Gianmarco Cariola, Giovanni Battista Carnevali, Andrea Linarello, Francesco Manaresi, Litterio Mirenda, Emanuele Russo, Matteo Sartori and Gianluca Viggiano

Bank of Italy Occasional Paper 894 (2024).

Comparing different approaches to tackle the challenges of global carbon pricing

Eddy Bekkers and Gianmarco Cariola

WTO Staff Working Paper ERSD-2022-10 (2022).

Preference utilization in the global economy: an empirical analysis

Gianmarco Cariola and Rainer Lanz

WTO Staff Working Paper ERSD-2022-04 (2022).

The determinants of structural change in the global economy: An analysis based on historical simulations

Eddy Bekkers and Gianmarco Cariola

Conference paper, 24th Annual Conference on Global Economic Analysis (2021), GTAP Resource 6341.

Work in Progress

Value chains in transition: evidence from the dieselgate

with M. Alpino and E. Sette

Estimating the border effect with B2B data

with A. Accetturo and A. Linarello

The impact of high-tech procurement on innovation: evidence from IIT data

with A. Baltrunaite, F. Manaresi, G. Rovigatti and E. Russo

Do subsidies (un)level the playing field? Empirical evidence from Italian exporters

with A. Accetturo and I. Di Marzio

Media coverage

Research interests

International Trade · Firm Dynamics

Honours and scholarships

Additional Education

Gerzensee Study Center
Beginning Doctoral Student Program, completed in 2020

Paris School of Economics
Summer School in International Trade, July 2023

Barcelona School of Economics
Summer School in Firm Dynamics and Finance, July 2022

Conservatorio Giacomo Puccini, La Spezia
Diploma in Piano, 2012

Contact

gianmarco.cariola@bancaditalia.it