Domenico Lombardi


Domenico Lombardi is director of CIGI’s Global Economy program, overseeing the research direction of the program and related activities. He serves as Chair of The Oxford Institute for Economic Policy and sits on the advisory boards of the Bretton Woods Committee in Washington, the G20 Research Group and the G8 Research Group at the University of Toronto, and the Istituto Affari Internazionali in Rome. Mr. Lombardi is a member of the Financial Times Forum of Economists and editor of the World Economics Journal.

In 2011, he served as the rapporteur for the High-Level Panel on the Governance of the Financial Stability Board. A year earlier, he was appointed by the World Bank Group’s Board of Directors as the External Reviewer to conduct the first independent review of the Group’s Oversight and Accountability Units. In 2009, Mr. Lombardi authored the report to the IMF Managing Director on IMF Governance Reform (“Fourth Pillar Report”). Prior to that, Mr. Lombardi’s distinguished career includes positions on the executive boards of major international financial institutions such as the International Monetary Fund and the World Bank. Mr. Lombardi has an undergraduate degree summa cum laude in Banking and Finance from Bocconi University, Milan, and a Ph.D. in economics from Oxford University (Nuffield College).

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Italy's Crisis: Neither Fiscal Profligacy nor Capital Flows

Paper Conference paper | | Apr 2015

Italy was one of the worst hit during the 2007–2009 global financial crisis (GFC) among the major advanced economies. By year-end 2009, Italy’s economy had contracted by 6.6 percent; significantly larger than the recessions in the euro zone and the United States, for example, which saw their GDPs shrink by 4.4 and 3.1 percent, respectively.