Photo of Dino Palazzo

Dino Palazzo

Education

  • Ph.D., Economics, New York University, 2009
  • M.Sc., Economics, Bocconi University, 2003
  • B.A., Economics, Bocconi University, 2002
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2021 - present
  • Adjunct Lecturer

    Georgetown University

    2019 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2018 - 2020
  • Assistant Professor of Finance

    Questrom School of Business, Boston University

    2009 - 2018
  • Visiting Scholar

    Federal Reserve Bank of St. Louis

    2013
  • Faculty Fellow

    The Center for Finance, Law & Policy at Boston University

    2016 - 2017
  • Summer Intern

    Federal Reserve Bank of New York

    2008
  • Initial Coin Offering (ICO) Success and Post-ICO Performance
    Evgeny Lyandres, Berardino Palazzo, and Daniel Rabetti
    Management Science (2022)
    https://doi.org/10.1287/mnsc.2022.4312
  • Credit risk and the transmission of interest rate shocks
    Berardino Palazzo and Ram Yamarthy
    Journal of Monetary Economics (2022)
    https://doi.org/10.1016/j.jmoneco.2022.06.004
  • The post-COVID stock listing boom
    Christine L. Dobridge, Rebecca John, and Berardino Palazzo
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3125
  • Firm Selection and Corporate Cash Holdings
    Juliane Begenau and Berardino Palazzo
    Journal of Financial Economics (2021)
    https://doi.org/10.1016/j.jfineco.2020.09.001
  • The Risks of Old Capital Age: Asset Pricing Implications of Technology Adoption
    Xiaoji Lin, Berardino Palazzo, and Fan Yang
    Journal of Monetary Economics (2020)
    https://doi.org/10.1016/j.jmoneco.2019.06.001
  • Macroeconomic News and Stock Prices Over the FOMC Cycle
    Jack McCoy, Michele Modugno, Dino Palazzo, and Steve Sharpe
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2745
  • Equity Financing Risk
    Mamdouh Medhat and Berardino Palazzo
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.037
  • Spike in 2019Q1 Leverage Ratios: The Impact of Operating Leases
    Dino Palazzo and Jie Yang
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2464
  • Cash Flows Risk, Capital Structure, and Corporate Bond Yields
    Berardino Palazzo
    Annals of Finance (2019)
    https://doi.org/10.1007/s10436-018-00342-9
  • Investment and the Cross-Section of Equity Returns
    Gian Luca Clementi and Berardino Palazzo
    Journal of Finance (2019)
    https://doi.org/10.1111/jofi.12730
  • Investment and the Cross-Section of Equity Returns
    Gian Luca Clementi and Berardino Palazzo
    NBER Working Paper Series (2018)
    https://doi.org/10.3386/w21064
  • Firm Selection and Corporate Cash Holdings
    Juliane Begenau and Berardino Palazzo
    NBER Working Paper Series (2017)
    https://doi.org/10.3386/w23249
  • Cash Holdings, Competition, and Innovation
    Evgeny Lyandres and Berardino Palazzo
    Journal of Financial and Quantitative Analysis (2016)
    https://doi.org/10.1017/S0022109016000697
  • Entry, Exit, Firm Dynamics, and Aggregate Fluctuations
    Gian Luca Clementi and Berardino Palazzo
    American Economic Journal: Macroeconomics (2016)
    https://doi.org/10.1257/mac.20150017
  • Entry, Exit, Firm Dynamics, and Aggregate Fluctuations
    Gian Luca Clementi and Berardino Palazzo
    NBER Working Paper Series (2013)
    https://doi.org/10.3386/w19217
  • Cash Holdings, Risk, and Expected Returns
    Berardino Palazzo
    Journal of Financial Economics (2012)
    https://doi.org/10.1016/j.jfineco.2011.12.009
  • Essays in Financial Economics
    Berardino Palazzo
    Dissertations (New York University) (2009)
  • discussion

    February 2023

    ASU Sonoran Winter Finance Conference

    Does the Market Understand Time Variation in the Equity Premium?

  • discussion

    September 2022

    Northern Finance Association

    Firm Product Concentration and Asset Prices

  • conference

    June 2021

    North American Summer Meetings of Econometric Society

    Young Firms and Monetary Policy Transmission

  • seminar

    May 2021

    Danish Central Bank

    Young Firms and Monetary Policy Transmission

  • seminar

    May 2021

    Copenaghen Business School

    Credit Risk and the Transmission of Interest Rate Shocks

  • seminar

    January 2020

    American University

    Equity Financing Risk

  • conference

    October 2019

    UT Dallas Finance Conference

    Equity Financing Risk

  • discussion

    September 2019

    Northern Finance Association

    Do Fundamentals Drive Cryptocurrencies Prices?

  • seminar

    June 2019

    SEC

    An anatomy of IPOs

  • seminar

    March 2019

    Texas A&M

    Equity Financing Risk

  • conference

    September 2018

    Northern Finance Association

    Equity Financing Risk

  • conference

    August 2018

    Salento Macro Meetings

    Firm Demographics and the Great Recession

  • discussion

    May 2018

    SFS Finance Cavalcade

    Aggregate Expected Investment Growth and Stock Market Returns

  • seminar

    January 2018

    Frankfurt School of Finance and Management

    The risks of old capital age: Asset pricing implications of technology adoption

  • conference

    January 2018

    American Finance Association

    Firm Selection and Corporate Cash Holdings

  • seminar

    January 2018

    Paris Dauphine

    The risks of old capital age: Asset pricing implications of technology adoption

  • seminar

    December 2017

    University of Calgary

    The risks of old capital age: Asset pricing implications of technology adoption

  • seminar

    December 2017

    Cass Business School

    The risks of old capital age: Asset pricing implications of technology adoption

  • conference

    December 2017

    Corporate Policies and Asset Prices

    Equity Financing Risk

  • seminar

    December 2017

    Warwick Business School

    The risks of old capital age: Asset pricing implications of technology adoption

  • seminar

    November 2017

    Cornerstone Research

    The risks of old capital age: Asset pricing implications of technology adoption

  • seminar

    September 2017

    Bentley University

    The risks of old capital age: Asset pricing implications of technology adoption

  • conference

    August 2017

    European Finance Association

    Firm Selection and Corporate Cash Holdings

  • conference

    August 2017

    European Finance Association

    The risks of old capital age: Asset pricing implications of technology adoption

  • conference

    July 2017

    UBC Summer Finance Conference

    Firm Selection and Corporate Cash Holdings

  • conference

    June 2017

    Western Finance Association

    Firm Selection and Corporate Cash Holdings

  • discussion

    September 2017

    Northern Finance Association

    The Effect of Technology Spillovers Across Firms on Corporate Financial Policies

  • discussion

    August 2017

    European Finance Association

    The Interest Sensitivity of Corporate Cash

  • discussion

    June 2017

    Western Finance Association

    Competition, Markups, and Predictable Returns

  • discussion

    May 2017

    SFS Finance Cavalcade

    Product Market Competition and Option Prices

Awards
  • 2021

    Journal of Financial Economics

    Journal of Financial Economics Editor's Choice

  • 2017

    Boston University

    Professional Evening MBA Faculty Award

  • 2016

    World Finance Conference

    Best Paper Award

  • 2013

    European Winter Finance Summit

    Best Paper Award

  • 2003

    New York University

    Mac Cracken Fellowship

  • 2002

    Bocconi University

    Corriere della Sera Scholarship

  • 2002

    Bocconi University

    Fondazione Invernizzi Scholarship

  • 2002

    Bocconi University

    Bocconi University Gold Medal

  • 1997

    Liceo Scientifico A. Romita

    Dante Alighieri Society Prize

Conference Organization
  • 2022 | Tel Aviv University

    The 11th TAU Finance Conference

    Program committee member

  • 2022 | Texas A&M

    Sixth Annual Young Scholars Finance Consortium

    Program committee member

  • 2018-2019 | London

    Corporate Policies and Asset Prices

    Program committee member

  • 2014 | Boston

    The Fifth Boston University/Boston Fed Conference on Macro-Finance Linkages,

    Organizer

  • 2013 | Boston

    The Fourth Boston University/Boston Fed Conference on Macro-Finance Linkages,

    Organizer

  • 2013-2018

    Western Finance Association

    Program committee member

  • 2015-2022

    European Finance Association

    Program committee member

  • 2017

    Northern Finance Association

    Program committee member

Referee
  • AEJ: Macro
  • American Economic Review
  • Econometrica
  • Economic Inquiry
  • Economic Journal
  • Economic Letters
  • Empirical Economics
  • European Economic Review
  • Financial Management
  • International Journal of Central Banking
  • Journal of Banking and Finance
  • Journal of Corporate Finance
  • Journal of Economic Behavior and Organization
  • Journal of Economic Dynamics and Control
  • Journal of Economic Theory
  • Journal of Empirical Finance
  • Journal of Finance
  • Journal of Financial Economics
  • Journal of Money, Credit, and Banking
  • Journal of Monetary Economics
  • Journal of Political Economy
  • Management Science
  • Quarterly Journal of Economics
  • RAND Journal of Economics
  • Review of Economic Dynamics
  • Review of Economics and Statistics
  • Review of Economic Studies
  • Review of Finance
  • Review of Financial Studies
Professional Affiliation
  • Macro Finance Society
  • American Economic Association
  • American Finance Association
  • Northern Finance Association
  • Western Finance Association
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Last Update: August 2, 2024