Michele Boldrin is an Italian economist and author whose research interests include business cycle fluctuations, economic growth, technological progress and intellectual property. He currently teaches at Washington University in St. Louis where he works with co-author David Levine. He and Levine are known for opposing the 2009 US Stimulus Bill.
Boldrin was born in Padova, Italy 0n August 20, 1956. He later moved to Venice where he received his undergraduate degree in economics from the University of Venice (Universita’ Ca’ Foscari). He completed his graduate studies in New York where he attended the University of Rochester. Here he received both his MSc and PhD in economics. The thesis of his PhD was titled “Stable, Cyclic and Chaotic Dynamics in Models of Economic Optimization over Time”, and his PhD advisor was Lionel McKenzie. After completing his doctorate he was a Post-Doctoral Fellow at the Department of Economics at the University of Chicago. He has taught all over the country in universities including The University of California, Los Angeles (UCLA), Kellogg School of Business (Northwestern University) and the University of Minnesota. Currently, he is the J.G. Hoyt Distinguished University Professor and Chair at the Department of Economics at Washington University. Boldrin also has some international experience having been the Marc Rich Professor of Economics at Universidad Carlos III de Madrid from 1994 to 1999. In addition to his full time teaching positions, he has also held visiting positions at Stanford University, the University of Pennsylvania, UCLA, Academia Sinica, Hong Kong University of Science and Technology, Chinese University of HK, University of Chicago, Universita’ Bocconi, IAS at Wuhan University, Beijing University, Kyoto University, and University of Tokyo, among others.
Boldrin mostly focuses his research on the theory and application of Dynamic General Equilibrium Models; his areas of interest are optimal growth and turnpike theory, the application of chaotic models to economic dynamics, search theory, growth and development, asset pricing and the business cycles, the theory of innovation, public economics and the intergenerational welfare state, the determinants of credit risk, the study of demographic behavior, the theory of industrial organization and of intellectual property rights. He has written pieces on economic growth, business cycles, asset pricing, the welfare system, innovation theory and technological progress, search theory, the labor market, intellectual property, fertility, and international trade.
Apart from his research work, Boldrin is a fellow of the Econometric Society having remained Associate Editor of ‘Econometrica’, he has also been Editor of the ‘Review of Economic Dynamics’ and the Book Review Editor of Macroeconomic Dynamics. He is a Research Fellow of CEPR (London) and FEDEA (Madrid), and an economic advisor to Federal Reserve Bank of Saint Louis and Bank of Japan. In past, he has held advisory positions with various governments, international organizations, central banks and private companies. He has authored four books in total, the last one: “Against Intellectual Monopoly” was coauthored with David Levine and analyzes the role played by competitive versus monopolistic markets in growth and innovation. The book implies that, in theory as in practice, competitive markets favor and promote continued growth and innovation, whereas monopoly power is not necessary and probably harmful to technological change and economic development. Throughout his life Boldrin has travelled over the world in his academic pursuit and currently too he spends his time between Saint Louis and Madrid with his wife, Emanuela Corbetta.