Vita
A PDF version of my vita is available here.
ANDREA AJELLO
PRESENT AND PAST APPOINTMENTS
2020 - present Chief of Macro Financial Analysis Section, Federal Reserve Board, Division of Monetary Affairs
2016 - 2020 Principal Economist, Federal Reserve Board, Division of Monetary Affairs
2015 - 2016 Senior Economist, Federal Reserve Board, Division of Monetary Affairs
2011 - 2015 Economist, Federal Reserve Board, Division of Monetary Affairs
TEACHING EXPERIENCE
2018 - 2019 Adjunct Professor, Johns Hopkins University, Master of Arts in Applied Economics
FIELDS OF SPECIALIZATION
Macroeconomics, Financial Economics, Applied Econometrics
DOCTORAL STUDIES
Ph.D., Economics, 2011
Northwestern University, Evanston, Illinois
Dissertation: Essays on Macro-Finance
Committee Chairperson: Professor Lawrence J. Christiano
Other Committee Members: Professor Giorgio Primiceri, Dr. Luca Benzoni
PREDOCTORAL STUDIES
B.A.: Economics, University of Rome “Tor Vergata”, Rome, Italy, 2003 (summa cum laude)
M.A.: Economics, University of Rome “Tor Vergata”, Rome, Italy, 2004
M.A.: Economics, Northwestern University, Evanston, IL, 2005
WORKING PAPERS
Sticky Leverage: Comment, with Ander Perez-Orive and Bálint Szőke (submitted)
More than Words: Twitter Chatter and Financial Market Sentiment, with Travis Adams, Diego Silva, and Francisco Vazquez-Grande (submitted)
Gettin in all the Cracks: Monetary Policy and Financial Stability Indicators, with Tyler Pike
Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms, with Nina Boyarchenko, François Gourio, and Andrea Tambalotti, FEDS paper 5, February 2022
Monetary Policy Tradeoffs and the Federal Reserve’s Dual Mandate, with Isabel Cairó, Vasco Cúrdia, Thomas A. Lubik, and Albert Queralto, FEDS paper 66, August 2020
Term Premium, Credit Risk Premium, and Monetary Policy, with Hiroatsu Tanaka
PUBLICATIONS
Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates, with Luca Benzoni and Olena Chyruk, Review of Financial Studies, Volume 33, Issue 8, August 2020
Financial Stability and Optimal Interest-Rate Policy, with Thomas Laubach, David Lopez-Salido, Taisuke Nakata, International Journal of Central Banking, March 2019.
Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations, American Economic Review, vol.106, no. 8, August 2016.
No-arbitrage restrictions and the U.S. Treasury Market, with Luca Benzoni and Olena Chyruk, Economic Perspectives, Vol.36, Second Quarter 2012, Federal Reserve Bank of Chicago.
REFEREEING ACTIVITY
American Economic Review, American Economic Journal - Macroeconomics, European Economic Review, International Journal of Central Banking, IMF Economic Review, Journal of Economic Dynamics and Control, Journal of Money, Credit, and Banking, Journal of Applied Econometrics, Journal of Macroeconomics, Journal of Monetary Economics, Journal of Financial Econometrics, Macroeconomic Dynamics, Quantitative Economics.
OTHER POSITIONS
Dec 2009 - Jun 2011 Federal Reserve Bank of Chicago - Senior Associate Economist
Jan 2009 - Mar 2009 Federal Reserve Bank of Chicago - Associate Economist (intern)
Jun 2008 - Sept 2008 Lehman Brothers Europe, London UK - Summer Associate (Fixed Income Research)
Jun 2007 - Sept 2007 Federal Reserve Bank of Chicago - Associate Economist (intern)
Jun 2006 - Sept 2006 Research Assistant to Prof. Sapienza and Zingales, Kellogg School of Management and Booth Graduate School of Business