Staff Profile

Past Professional Experience

Lecturer in Economics at Northumbria University

Research Associate in Economics at Heriot-Watt University (Centre for Energy Economics Research and Policy)

Academic consultant for BP plc. for the Statistical Review of World Energy

Assistant Economist (Intern.) at Scottish Government (Office of the Chief Economic Adviser)

Research Assistant at the University of Urbino (Italy)

Education

PhD in Economics at the University of Glasgow (Adam Smith Business School)

PhD in Economics and Finance at the University of Verona (Italy)

MRes in Economics at the Catholic University of Louvain (Belgium)

MSc in International Relations at the University of Perugia (Italy)

BSc in Political Sciences and International Relations at the University of Perugia (Italy)

IDEAS: https://ideas.repec.org/f/plo432.html

ResearchGate: https://www.researchgate.net/profile/Marco_Lorusso4

Marco’s main research interests are in the fields of Macroeconomics, Fiscal and Monetary Policy, Energy Economics, Economics of Cryptocurrency and Defence Economics. During his academic career, Marco’s research has been funded and supported by several agencies, private organisations and public sector bodies, including the Economic and Social Research Council (ESRC), Ministero dell'Istruzione dell'Università e della Ricerca (MIUR).

Research Grants and Income Generating Activities:

UK-Singapore ASEAN COP26 Policy Reports, Energy Transition Report, 2021.

United Nations University World Institute for Development Economics Research (UNU-WIDER), Southern Africa – Towards Inclusive Economic Development (SA-TIED), 2020. Project Title: “Fiscal Policy, Labour Market and Inequality: Diagnosing South Africa's Anomalies in the Shadow of Racial Discrimination.”

The Carnegie Trust for the Universities of Scotland. Research Incentive Grant, 2017 – 2018. Project Title: “Recent Oil Price Fluctuations: Causes and Consequences for the UK Economy.

Research Visits:

International Monetary Fund, Institute for Capacity Development Department. Presentation of the Paper: “Oil and the Fiscal Regimes of the UK, Russia and Saudi Arabia”.

PhD Supervision:

Debkanika Gupta

James Ihum

Nan Nan

Zibani Ndibapi Masimo

Advanced Macroeconomics (UG Level) – Semester 1

• Articles

  • Asimakopoulos S, Lorusso M, Ravazzolo F. A Bayesian DSGE approach to modelling cryptocurrency. Review of Economic Dynamics 2023, 51, 1012-1035.
  • Costola M, Lorusso M. Spillovers among energy commodities and the Russian stock market. Journal of Commodity Markets 2022, 28, 100249.
  • Asimakopoulos S, Lorusso M, Pieroni L. Can public spending boost private consumption?. Canadian Journal of Economics 2021, 54(3), 1275-1313.
  • d'Agostino G, Dunne JP, Lorusso M, Pieroni L. Military Spending, Corruption, Persistence and Long Run Growth. Defence and Peace Economics 2020, 31(4), 423-433.
  • Cabras I, Lorusso M, Waehning N. Measuring the economic contribution of beer festivals on local economies: The case of York, United Kingdom. International Journal of Tourism Research 2020, 22(6), 739-750.
  • Byrne JP, Lorusso M, Xu B. Oil Prices, Fundamentals and Expectations. Energy Economics 2019, 79, 59-75.
  • Lorusso M, Pieroni L. Disentangling Civilian and Military Spending Shocks: A Bayesian DSGE Approach for the US Economy. Journal of Risk and Financial Management 2019, 12(3), 141.
  • Lorusso M, Pieroni L. Causes and Consequences of Oil Price Shocks on the UK Economy. Economic Modelling 2018, 72, 223-236.
  • Lorusso M, Pieroni L. The Effects of Military and Non-Military Government Expenditures on Private Consumption. Journal of Peace Research 2017, 54(3), 442-456.
  • Pieroni L, d'Agostino G, Lorusso M. Can We Declare Military Keynesianism Dead?. Journal of Policy Modeling 2008, 30(5), 675-691.

• Editorials

  • Lorusso M. How economies can kickstart post the pandemic. Silicon India 2020.
  • Ahrens A, Carvalho A, Lorusso M. Dark Predictions about North Sea Oil Look All Too Believable. The Conversation 2016.

• Report

  • Seah S, McGowan P, Low Yu Xing M, Martinus M, Ghoshray A, Lorusso M, Wong R, Poh Onn L, Elliott L, Setyowati A, Rahman S, Joy Quirapas-Franco M. Energy Transitions in ASEAN COP26 Policy Report. British High Commission Singapore, 2021. UK-Singapore COP26 Universities Network policy reports.

• Working Papers

  • Bjørnland H, Casarin R, Lorusso M, Ravazzolo F. Fiscal Policy Regimes in Resource-Rich Economies. CAMP Working Paper Series 2023, (13), 43.
  • Gelain P, Lorusso M. The US Banks' Balance Sheet Transmission Channel of Oil Price Shocks. Federal Reserve Bank of Cleveland Working Paper No. 22-33 2022, (22-23).
  • Grassi S, Lorusso M, Ravazzolo F. Adaptive Importance Sampling for DSGE Models. BEMPS - Bozen Economics & Management Paper Series 2021, BEMPS84.
  • Beidas-Strom S, Lorusso M. Do They Hurt? Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia and the UK. IMF Working Paper, WP/19/214 2019.
  • Smith H, Lorusso M, MacKillop F. Powering the City in the Global South: Increasing Energy Access for all in a Context of Urbanisation and Changing Governance. UC Berkeley: Center for Effective Global Action 2017.