1. Home
  2. Economic Research
  3. Meet the Researchers

Meet the Researchers

Photo of Sebastian Infante

Sebastian Infante

Chief Money Market Analysis Section Monetary Affairs
202-452-2622
[email protected]

Education

  • Ph.D., Finance, Stanford Graduate School of Business, 2013
  • M.A., Applied Economics, Universidad de Chile, 2006
  • B.A., Mathematical Engineering, Universidad de Chile, 2006
Current Research Topics
  • Repo markets
  • Safe assets
  • Chief -- Money Market Analysis Section

    Board of Governors of the Federal Reserve System

    2023 - present
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2019 - 2023
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2016 - 2019
  • Economist

    Board of Governors of the Federal Reserve System

    2013 - 2016
  • The collateral link between volatility and risk sharing
    Sebastian Infante and Guillermo Ordoñez
    Journal of Monetary Economics (Forthcoming)
    https://doi.org/10.1016/j.jmoneco.2024.103693
  • Retail CBDC: Implications for Banking and Financial Stability
    Sebastian Infante, Kyungmin Kim, Anna Orlik, André F. Silva, and Robert J. Tetlow
    Annual Review of Financial Economics (Forthcoming)
    https://doi.org/10.1146/annurev-financial-082123-105958
  • CBDC: Issues and Prospects
    Sebastian Infante, Kyungmin Kim, Anna Orlik, André F. Silva, and Robert J. Tetlow
    European Economy: Banks, Regulation and the Real Sector (Forthcoming)
  • Dealer Balance Sheet Constraints: Evidence from Dealer-Level Data across Repo Market Segments
    Lia Chabot, Paul Cochran, Sebastian Infante, and Benjamin Iorio
    FEDS Notes (2024)
    https://doi.org/10.17016/2380-7172.3598
  • Balance-Sheet Netting in U.S. Treasury Markets and Central Clearing
    David Bowman, Yesol Huh, and Sebastian Infante
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.057
  • Financial Stability Implications of CBDC
    Francesca Carapella, Jin-Wook Chang, Sebastian Infante, Melissa Leistra, Arazi Lubis, and Alexandros P. Vardoulakis
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.021
  • Dealers' Treasury Market Intermediation and the Supplementary Leverage Ratio
    Paul Cochran, Sebastian Infante, Lubomir Petrasek, Zack Saravay, and Mary Tian
    FEDS Notes (2023)
    https://doi.org/10.17016/2380-7172.3341
  • The Macroeconomic Implications of CBDC: A Review of the Literature
    Sebastian Infante, Kyungmin Kim, Anna Orlik, André F. Silva, and Robert J. Tetlow
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.076
  • Non-bank financial institutions and the slope of the yield curve
    Sebastian Infante, Phillip Monin, Lubomir Petrasek, and Mary Tian
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3185
  • Insights from revised Form FR2004 into primary dealer securities financing and MBS activity
    Sebastian Infante, Lubomir Petrasek, Zack Saravay, and Mary Tian
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3182
  • What Drives U.S. Treasury Re-use?
    Sebastian Infante and Zack Saravay
    Finance and Economics Discussion Series (2021)
    https://doi.org/10.17016/FEDS.2020.103r1
  • Collateral Runs
    Sebastian Infante and Alexandros P. Vardoulakis
    Review of Financial Studies (2021)
    https://doi.org/10.1093/rfs/hhaa139
  • Bond Market Intermediation and the Role of Repo
    Yesol Huh and Sebastian Infante
    Journal of Banking & Finance (2021)
    https://doi.org/10.1016/j.jbankfin.2020.105999
  • Treasury Market Functioning During the COVID-19 Outbreak: Evidence from Collateral Re-use
    Sebastian Infante and Zack Saravay
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2755
  • Monitoring Risk From Collateral Runs
    Sebastian Infante and Alexandros P. Vardoulakis
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2605
  • Private Money Creation with Safe Assets and Term Premia
    Sebastian Infante
    Journal of Financial Economics (2020)
    https://doi.org/10.1016/j.jfineco.2019.11.007
  • Understanding Collateral Re-use in the US Financial System
    Sebastian Infante, Charles Press, and Zack Saravay
    American Economic Review: Papers and Proceedings (2020)
    https://doi.org/10.1257/pandp.20201099
  • Liquidity Windfalls: The Consequences of Repo Rehypothecation
    Sebastian Infante
    Journal of Financial Economics (2019)
    https://doi.org/10.1016/j.jfineco.2019.02.004
  • The Ins and Outs of Collateral Re-Use
    Sebastian Infante, Charles Press, and Jacob Strauss
    FEDS Notes (2018)
    https://doi.org/10.17016/2380-7172.2298
  • What Makes a Safe Asset Safe?
    Thomas Eisenbach and Sebastian Infante
    Liberty Street Economics (2017)
  • Repo Collateral Fire Sales: The Effects of Exemption from Automatic Stay
    Sebastian Infante
    Finance and Economics Discussion Series (2013)
    https://doi.org/10.17016/FEDS.2013.83
  • Loyalty Inducing Programs and Competition with Homogeneous Goods
    Nicolas Figueroa, Ronald Fischer, and Sebastian Infante
    Documentos de trabajo. Serie Economía (2008)
Awards
  • 2021

    Division of Monetary Affairs--Federal Reserve Board

    Division Director Award

  • 2022

    Federal Reserve Board

    Special Achievement Award

  • 2008

    Stanford Graduate School of Business

    Jaedicke Award

Referee
  • Journal of Political Economy
  • Journal of Finance
  • The Review of Financial Studies
  • Journal of Financial Economics
  • Review of Finance
  • Journal of Economic Theory
  • Management Science
  • Journal of Financial Intermediation
  • Journal of Monetary Economics
  • Journal of Banking and Finance
  • Review of Asset Pricing Studies
  • Review of Economic Dynamics
  • International Journal of Central Banking
Back to Top
Last Update: October 21, 2024