I am Chief of the Macro-Financial Analysis section in the Division of Monetary Affairs at the Board of Governors of the Federal Reserve System.
Here you can find my official webpage at the Board.
My primary research fields are Macroeconomics, Financial Economics and Applied Econometrics.
Abstract: We revisit the role of long-term nominal corporate debt for the transmission of inflation shocks in the general equilibrium model of Gomes, Jermann, and Schmid (2016). We show that inaccuracies in the model solution and calibration strategy lead GJS to a model equilibrium in which nominal long-term debt is systematically mispriced. As a result, the quantitative importance of corporate leverage in the transmission of inflation shocks to real activity in their framework is 6 times larger than what arises under the rational expectations equilibrium.
"More than Words: Twitter Chatter and Financial Market Sentiment" with Travis Adams, Diego Silva, and Francisco Vazquez-Grande is available here.
New FEDS Working Paper "Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms", with Nina Boyarchenko, François Gourio, and Andrea Tambalotti
Email: andrea.ajello [at] frb.gov
Title: Section Chief
Board of Governors of the Federal Reserve System,
Division of Monetary Affairs, Macro Financial Analysis
1801 K Street NW
Washington DC, 20006
Last update: April 2015