Marco is a Lecturer in Economics and joined the Newcastle University Business School in January 2020. Before joining Newcastle University, Marco was Lecturer in Economics at Northumbria University.

Between August 2015 and June 2018, Marco was Research Associate at Heriot-Watt University (Centre for Energy Economics Research and Policy) and collaborated with BP plc. for the Statistical Review of World Energy. In March 2018, he has been Visiting Scholar in the Institute for Capacity Development Department of the International Monetary Fund (Washington, D.C., US). Moreover, he worked at the Scottish Government (Office of the Chief Economic Adviser) and as Teaching Assistant at the University of Urbino (Italy) and the University of Perugia (Italy).

Marco obtained both his BSc (in Political Sciences and International Relations) and his MSc (in International Relations) with the mark 110/110 cum laude at the University of Perugia (Italy). Then, he completed the MRes in Economics at the Catholic University of Louvain (Belgium) with the grade of distinction. In May 2011, he was awarded his PhD in Economics and Finance by the University of Verona (Italy). In December 2015, he obtained the degree of Doctor of Philosophy in Economics (PhD) from the University of Glasgow (Adam Smith Business School).

Marco has published his research outputs in several academic journals such as Energy Economics, Journal of Risk and Financial Management, Economic Modelling, Journal of Peace Research and Journal of Policy Modeling. During his academic career, he has accumulated teaching experience in different fields such as Macroeconomics, Econometrics, Microeconomics, Energy and Petroleum Business Economics, Energy Markets and Policy, Energy Economics, Public Economics, Economic Policy, Development Economics and Financial Markets.

Marco is happy to supervise graduate research projects in applied macroeconomics, with particular interest in fiscal policy, monetary policy, energy economics, economics of cryptocurrency and defence economics, among other topics.

Bibliographic links

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. As a result, Marco has developed skills in formulating and estimating DSGE models using Bayesian techniques. Moreover, he has dealt with macroeconometric models such as VARs, TVP-VARs and Markov-Switching VARs.

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) and the Carnegie Trust for the Universities of Scotland (Research Incentive Grant).

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”.

University of Perugia, Department of Political Science. Project title: “Trade Balances and Exchange Rates in Small Oil Exporter Countries”.

University of Perugia, Department of Political Science. Project Title: “Relationship between Defence and Non-Defence spending in the US Economy”.

Lectures:

Introductory Macroeconomics (UG Level – Year 1)

Econometric Analysis (UG level – Year 2)

Advanced Macroeconomics (UG Level – Year 3)

• Grassi S, Lorusso M, Ravazzolo F. Adaptive Importance Sampling for DSGE Models. BEMPS - Bozen Economics & Management Paper Series 2021, BEMPS84.
• Bjørnland H, Casarin R, Lorusso M, Ravazzolo F. Oil and Fiscal Policy Regime. CAMP Working Paper 11/2020 2020.
• Lorusso M. How economies can kickstart post the pandemic. Silicon India 2020.
• Asimakopoulos S, Lorusso M, Pieroni L. Can public spending boost private consumption?. Canadian Journal of Economics 2020, Epub ahead of print.
• 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.
• 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.
• 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.
• Asimakopoulos S, Lorusso M, Ravazzolo F. A New Economic Framework: A DSGE with Cryptocurrency. CAMP Working Paper, 7/2019 2019.
• 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.
• 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.
• Ahrens A, Carvalho A, Lorusso M. Dark Predictions about North Sea Oil Look All Too Believable. The Conversation 2016.
• Pieroni L, d'Agostino G, Lorusso M. Can We Declare Military Keynesianism Dead?. Journal of Policy Modeling 2008, 30(5), 675-691.