Meet the Researchers
![Photo of Andrea Ajello](/econres/images/andrea-ajello.jpg)
Andrea Ajello
Education
- Ph.D., Economics, Northwestern University, 2011
- M.A., Economics, Northwestern University, 2005
- M.A., International Economics, University of Rome "Tor Vergata", 2004
- B.A., Economics, University of Rome "Tor Vergata", 2003
Current Research Topics
- Interest Rate Policy and Financial Stability
- Inflation Forecasting with Term Structure Data
Chief -- Macro-Financial Analysis Section
Board of Governors of the Federal Reserve System
2020 - presentPrincipal Economist
Board of Governors of the Federal Reserve System
2016 - 2020Senior Economist
Board of Governors of the Federal Reserve System
2015 - 2016Economist
Board of Governors of the Federal Reserve System
2011 - 2015
- Sticky Leverage: Comment
Andrea Ajello, Ander Perez-Orive, and Bálint Szőke
Finance and Economics Discussion Series (2023)
https://doi.org/10.17016/FEDS.2023.051 - A New Index to Measure U.S. Financial Conditions
Andrea Ajello, Michele Cavallo, Giovanni Favara, William B. Peterman, John Schindler, and Nitish R. Sinha
FEDS Notes (2023)
https://doi.org/10.17016/2380-7172.3281 - More than Words: Twitter Chatter and Financial Market Sentiment
Travis Adams, Andrea Ajello, Diego Silva, and Francisco Vazquez-Grande
Finance and Economics Discussion Series (2023)
https://doi.org/10.17016/FEDS.2023.034 - Monetary Policy, Inflation Outlook, and Recession Probabilities
Andrea Ajello, Luca Benzoni, Makena Schwinn, Yannick Timmer, and Francisco Vazquez-Grande
Economic Perspectives (2022)
https://doi.org/10.21033/ep-2022-4 - Monetary Policy, Inflation Outlook, and Recession Probabilities
Andrea Ajello, Luca Benzoni, Makena Schwinn, Yannick Timmer, and Francisco Vazquez-Grande
FEDS Notes (2022)
https://doi.org/10.17016/2380-7172.3175 - Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms
Andrea Ajello, Nina Boyarchenko, François Gourio, and Andrea Tambalotti
Finance and Economics Discussion Series (2022)
https://doi.org/10.17016/FEDS.2022.005 - The Asymmetric Costs of Misperceiving R-star
Andrea Ajello, Isabel Cairó, Vasco Cúrdia, and Albert Queralto
FRBSF Economic Letter (2021) - Core and 'Crust': Consumer Prices and the Term Structure of Interest Rates
Andrea Ajello, Luca Benzoni, and Olena Chyruk
Review of Financial Studies (2020)
https://doi.org/10.1093/rfs/hhz094 - Monetary Policy Tradeoffs and the Federal Reserve's Dual Mandate
Andrea Ajello, Isabel Cairó, Vasco Cúrdia, Thomas A. Lubik, and Albert Queralto
Finance and Economics Discussion Series (2020)
https://doi.org/10.17016/FEDS.2020.066 - Financial Stability and Optimal Interest-Rate Policy
Andrea Ajello, Thomas Laubach, David López-Salido, and Taisuke Nakata
International Journal of Central Banking (2019)
See also » FRB Working Paper (2016) - Financial Intermediation, Investment Dynamics, and Business Cycle Fluctuations
Andrea Ajello
American Economic Review (2016)
https://doi.org/10.1257/aer.20120079
See also » FRB Working Paper (2012) - Core and 'Crust': Consumer Prices and the Term Structure of Interest Rates
Andrea Ajello, Luca Benzoni, and Olena Chyruk
Working paper series (Federal Reserve Bank of Chicago. Research Department) (2014) - No-Arbitrage Restrictions and the U.S. Treasury Market
Andrea Ajello, Luca Benzoni, and Olena Chyruk
Economic Perspectives (2012)
Awards
- 2010
Northwestern University
Dissertation Fellowship
- 2008
Department of Economics, Northwestern University
Distinguished Teaching Assistant Award
- 2004
Mediocredito Centrale (now Unicredit)
"Marco Fanno" Graduate Research Fellowship
Referee
- American Economic Review
- European Economic Review
- Journal of Financial Econometrics
- Journal of International Central Banking
- Journal of Macroeconomics
- Journal of Monetary Economics
- Journal of Money, Credit and Banking
Professional Affiliation
- American Economic Association
- Econometric Society
- Euro Area Business Cycle Network
Last Update:
August 2, 2024