Paolo Garonna is Professor of Political Economy at the LUISS Guido Carli University of Rome, Italy. He is also Secretary General of the Italian Banking, Insurance and Finance Federation. Professor Garonna was previously Director General of the Italian National Institute of Statistics, and Deputy Director for Labour, Social Affairs and Education at the Organisation for Economic Co-operation and Development in Paris, and became Deputy Executive Secretary of the UN Economic Commission for Europe in Geneva. He has carried out research in the US as a Fulbright scholar, and in Cambridge, UK, and has taught in several universities in Italy and abroad. He has published a number of books and essays on applied economics, statistics and finance.