Domenico Delli Gatti is Economics Professor at Catholic University, Milan, where he received his PhD in 1987. He has been a visiting scholar at Washington University in Saint Louis, University of Cambridge, Massachusetts Institute of Technology, Stanford University, New School for Social Research, University of California in Santa Cruz, Santa Fe Institute, Columbia University.
His research interests focus on the role of financial factors (firms’ and banks’ financial fragility) in business fluctuations, a field he started exploring in collaboration with Hyman Minsky, revisited in a new light due to the research work carried out with Joe Stiglitz and Bruce Greenwald.
Recently he has devoted his research effort to two areas of research. The first one concerns the properties of “financial accelerator” multi-agent models. Together with Mauro Gallegati he has developed one of the few agent-based macroeconomic models in circulation, presented in his most recent book Macroeconomics from the Bottom Up (with E. Gaffeo, M. Gallegati, S. Desiderio, P. Cirillo). Previously he published Emergent Macroeconomics (with E. Gaffeo, M. Gallegati, G.Giulioni, A. Palestrini).
The second area concerns the properties of networks of borrowing-lending relationships. Two recent papers are “Default Cascades: When Does Risk Diversification Increase Stability?” (with S. Battiston, M. Gallegati, B. Greenwald, J. Stiglitz), revised and resubmitted to the Journal of Financial Stability, and “Liaisons Dangereuses: Increasing Connectivity, Risk Sharing and Systemic Risk” (with S. Battiston, M. Gallegati, B. Greenwald, J. Stiglitz), revised and resubmitted to the Journal of Economic Dynamics and Control).