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TheEconomists

Photo of Doriana Ruffino
202-452-5235
doriana.ruffino@frb.gov
Education
  • Ph.D., Economics, Boston University, 2008
  • M.A., Political Economy, Boston University, 2006
  • B.A., Economics, Università di Torino, 2004
  • Current Research Topics

  • Labor income risk, Familiarity-based investments
  • Smooth preferences, Ambiguity aversion
    • Economist

      Board of Governors of the Federal Reserve System

    • 2013 - present
    • Assistant Professor

      University of Minnesota

    • 2008 - 2013
  • Ruffino, Doriana (2014). "Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios," Review of Economic Dynamics, vol. 17, no. 1, pp. 107-130.
  • Ruffino, Doriana (2013). "A Robust Capital Asset Pricing Model," Finance and Economics Discussion Series 2014-01. Board of Governors of the Federal Reserve System (U.S.).
  • Maccheroni, Fabio, Massimo Marinacci, and Doriana Ruffino (2013). "Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis," Econometrica, vol. 81, no. 3, pp. 1075-1113.
  • Ruffino, Doriana (2010). "Real Options," in Cont, Rama ed., Encyclopedia of Quantitative Finance. John Wiley and Sons, pp. 1488-1493.
  • Bodie, Zvi, Doriana Ruffino, and Jonathan Treussard (2008). "Contingent Claims Analysis and Life-Cycle Finance," American Economic Review, vol. 98, no. 2, pp. 291-296.
  • Ruffino, Doriana (2008). "New Frontiers of Real Options: Rational Life-Cycle Decisions Under Uncertainty," Ph.D. dissertation, Boston University.
  • Ruffino, Doriana, and Jonathan Treussard (2007). "Financial Frictions and Risky Corporate Debt," Economic Notes, vol. 36, no. 1, pp. 77-87.
  • Ruffino, Doriana, and Jonathan Treussard (2006). "A Note on Financial Frictions and Risky Corporate Debt in Relation to Cooley and Quadrini (2001)," Working Papers Series 2006-017. Boston University, Department of Economics.
  • Ruffino, Doriana, and Jonathan Treussard (2006). "A Study of Inaction in Investment Games Via the Early Exercise Premium Representation," Department of Economics Working Paper 2006-040. Boston University.
  • Ruffino, Doriana, and Jonathan Treussard (2006). "Derman and Taleb's 'the Illusions of Dynamic Replication': A Comment," Quantitative Finance, vol. 6, no. 5, pp. 365-367.
  • Ruffino, Doriana, and Jonathan Treussard (2006). "Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach," Department of Economics Working Paper 2006-044. Boston University.
  • Ruffino, Doriana, and Jonathan Treussard (2006). "Optimal Age-Based Portfolios with Stochastic Investment Opportunity Sets," Department of Economics Working Paper Series 2006-41. Boston Universtiy.
  • conference

    2013

    Financial Intermediation Research Society (FIRS) Annual Meeting

    Job Shopping: A Theory of Human Capital Accumulation

  • seminar

    2013

    Federal Reserve Bank of Atlanta

    Job Shopping: A Theory of Human Capital Accumulation

  • seminar

    2012

    Federal Reserve Board

    Job Shopping: A Theory of Human Capital Accumulation

  • conference

    2012

    Midwest Finance Association (MFA) Annual Meeting

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • discussion

    2011

    European Finance Association (EFA) Annual Meeting

    Macroeconomic Uncertainty, Difference in Beliefs, and Bond Risk Premia - by Andrea Buraschi and Paul Whelan

  • conference

    2011

    Society for Economic Dynamics (SED) Annual Meeting

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • conference

    2011

    Mini-conference in Asset Pricing

    Estimating Return Parameters with Short Historical Data: The Case of U.S. Treasury Inflation-Protected Securities

  • conference

    2011

    XXXVI Simposio de la Asociación Española de Economía (SAEe)

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • seminar

    2011

    University of Iowa

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • seminar

    2011

    Universitat Autònoma de Barcelona

    Pricing Policies by Dominant Firms: The Gorilla Sleeps Anywhere the Gorilla Wants to Sleep

  • seminar

    2011

    ESADE

    Pricing Policies by Dominant Firms: The Gorilla Sleeps Anywhere the Gorilla Wants to Sleep

  • seminar

    2011

    Universita Pompeu Fabra

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • conference

    2010

    XXXV Simposio de la Asociación Española de Economía (SAEe)

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2010

    CEMFI

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • discussion

    2010

    Corporate Finance Conference, University of Minnesota

    Market Timing, Investment, and Risk Management - by Patrick Bolton, Hui Chen and Neng Wang

  • discussion

    2009

    Macro-Finance Conference, University of Minnesota

    Bursting Bubbles: Consequences and Cures - by Narayana Kocherlakota

  • conference

    2008

    European Economic Association (EEA) Meetings

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • conference

    2008

    Annual Meeting Allied Social Science Associations (ASSA)

    Contingent Claims Analysis and Life-Cycle Finance

  • seminar

    2008

    University of Illinois at Urbana-Champaign

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    Associazione Borsisti Marco Fanno

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    Università Bocconi

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    CEMFI

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    Collegio Carlo Alberto

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    University of California Berkeley

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    University of Minnesota

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    Universita Pompeu Fabra

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    Universitat Autònoma de Barcelona

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2007

    Ente Luigi Einaudi

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • conference

    2007

    Boston University - Boston College Macroeconomic Meeting

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • conference

    2007

    Society for Economic Dynamics (SED) Annual Meeting

    "Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach

  • conference

    2007

    11th Annual International Conference on Real Options

    "Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach

  • conference

    2007

    Midwest Finance Association (MFA) Annual Meeting

    "Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach

Awards

  • 2011

    Collegio Carlo Alberto

    Collegio Carlo Alberto Research Grant

  • 2011

    University of Minnesota

    Deans' Small Research Grant

  • 2009

    University of Minnesota

    Deans' Small Research Grant

  • 2008

    Ente Luigi Einaudi

    Scholarship "Luigi Einaudi"

  • 2007

    Ente Luigi Einaudi

    Scholarship "Luigi Einaudi"

  • 2007

    Journal of Economic Dynamics and Control

    Outstanding Referee Award

  • 2007

    Institute for Economic Development

    Travel Grant

  • 2007

    Boston University

    Summer Research Award

  • 2007

    PRMIA Institute

    Higher Standard Award

  • 2006

    Bank of Italy

    Scholarship "Bonaldo Stringher"

  • 2005

    Bank of Italy

    Scholarship "Bonaldo Stringher"

  • 2005

    Unione Industriale di Torino

    Premio Optime

  • 2004

    Boston University

    Presidential fellowship

Conference Organization

  • 2011, 2012 University of Minnesota

    Mini-conference in Asset Pricing

    Program Committee Member

Referee

  • European Journal of Finance
  • Economics Letters
  • Review of Financial Studies
  • Journal of Monetary Economics
  • Finance Research Letters
  • Journal of Economic Theory
  • American Economic Review
  • Economic Modeling
  • Journal of Economic Dynamics and Control
  • Journal of Risk and Insurance
  • Management Science
  • Handbook of Technology Management
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Last update: February 10, 2014