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Gian Luca Clementi

Gian Luca Clementi

Joined Stern 2003

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 7-71
New York, NY 10012

E-mail gclement@stern.nyu.edu
Personal website

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Gian Luca Clementi is an Associate Professor of Economics at the Stern School of Business, New York University. Professor Clementi earned a B.A in Economics from the University of Bologna and a M.A. and PhD in Economics from the University of Rochester. Before joining Stern, he was an Assistant Professor of Finance at the Tepper School of Business, Carnegie Mellon University.

Professor Clementi's research focuses on the impact of moral hazard and adverse selection on firm financing, firm growth and survival, and macroeconomic dynamics. Ongoing projects investigate the determinants of cross-country variation in per-capita income and the impact of accounting fraud on total factor productivity.

Professor Clementi teaches the core course "The Global Economy" in the M.B.A. program.

Research Interests

  • Macroeconomics

Courses Taught

  • Global Business Environment

Academic Background

Ph.D., Economics, 2000
University of Rochester

M.A., Economics, 1998
University of Rochester

B.A., Economics, 1993
Universita' di Bologna

Awards & Appointments

European University Institute Fernand Braudel Senior Fellowship  
American Economic Review Excellence in Refereeing Award  

Selected Publications

A Theory of Firm Decline

Asset Pricing in a Production Economy with Chew-Dekel Preferences

Legal Institutions, Sectoral Heterogeneity, and Economic Development

Areas of Expertise


  • Economic Indicators
  • Emerging Markets
  • Federal Reserve Bank/Central bank
  • International Economic Policy
  • International Monetary Fund (IMF)
  • Macroeconomics
  • Treasury Department


  • Executive Pay


  • Europe
  • New York City