Curriculum Vitae

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


PUBLICATIONS

Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates, with Luca Benzoni and Olena Chyruk, accepted for publication, Review of Financial Studies

Financial Stability and Optimal Interest-Rate Policy, with Thomas Laubach, David Lopez-Salido, Taisuke Nakata, International Journal of Central Banking, forthcoming.

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.

WORKING PAPERS

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

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

REFERENCES

Prof. Lawrence J. Christiano, Northwestern University, l-christiano@northwestern.edu

Prof. Giorgio E. Primiceri, Northwestern University, g-primiceri@northwestern.edu

Dr. Luca Benzoni, Federal Reserve Bank of Chicago, lbenzoni@frbchi.org