Following a highly competitive selection process conducted by the UniCredit Foundation Scientific Committee, the following four candidates have been awarded the 2025 research grants (listed in alphabetical order):
Winners – Modigliani Research Grant 2025:
Gaia Greta Dossi - Einaudi Institute for Economics and Finance (EIEF) - for the research project “The Supply of Science”
Luca Gemmi - University of Bologna - for the research project “Climate Uncertainty in the Global Economy”
Clara Sievert - CERGE-EI (Charles University, Czech Academy of Sciences) -for the research project “Religion and State Power in Wartime Russia”
Riccardo Silvestrini - University of Naples Federico II - for the research project “Market Power Increase and Sectoral Heterogeneity: The Role of e-Commerce Platforms”
UniCredit Foundation congratulates the four winners and extends its appreciation to all applicants for their high‑quality projects, which reflect the vibrant research landscape in European economics and finance.