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Photo of Andrea Raffo
  • Ph.D., Economics, University of California - Los Angeles, 2005
  • M.A., Economics, Bocconi University, 2000
  • B.A., Economics, Bocconi University, 1999
  • Current Research Topics

  • International Transmission of Business Cycles,
  • Macroeconomic Aspects of Labor Market Policies
    • Senior Economist

      Board of Governors of the Federal Reserve System

    • 2012 - present
    • Economist

      Board of Governors of the Federal Reserve System

    • 2007 - 2012
    • Economist

      Federal Reserve Bank of Kansas City

    • 2005 - 2007
    • Summer Visiting Researcher

      Federal Reserve Bank of Atlanta

    • 2004
    • Summer Intern

      Italian Embassy, Washington D.C.

    • 1999
  • Eggertsson, Gauti, Andrea Ferrero, and Andrea Raffo (2014). "Can Structural Reforms Help Europe?" Journal of Monetary Economics, vol. 61, pp. 2-22.
  • Ohanian, Lee E., and Andrea Raffo (2012). "Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles," Journal of Monetary Economics, vol. 59, no. 1, pp. 40-56.
  • Raffo, Andrea (2010). "Technology Shocks: Novel Implications for International Business Cycles," International Finance Discussion Papers 992. Board of Governors of the Federal Reserve System (U.S.).
  • Raffo, Andrea (2008). "Net Exports, Consumption Volatility and International Business Cycle Models," Journal of International Economics, vol. 75, no. 1, pp. 14-29.
  • Raffo, Andrea, L. E. Ohanian, and R. Rogerson (2008). "Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries 1956-2004," Journal of Monetary Economics, vol. 55, no. 8, pp. 1353-1362.
  • Ohanian, Lee, Andrea Raffo, and Richard Rogerson (2007). "Work and Taxes: Allocation of Time in OECD Countries," Federal Reserve Bank of Kansas City Economic Review, vol. 92, no. 3, pp. 37-58.
  • Raffo, Andrea (2005). "Essays in International Business Cycles," Ph.D. dissertation, University of California, Los Angeles.


  • 2010

    International Economic Review

    Excellence in Refereeing Award

  • 2007

    Federal Reserve Bank, Kansas City

    President's Award for Excellence


  • American Economic Review
  • American Economic Journal: Macroeconomics
  • B.E. Journal of Macroeconomics
  • Economic Bulletin
  • Economic Letters
  • International Economic Review
  • Journal of Economic Dynamics and Control
  • Journal of Economic Theory
  • Journal of European Economic Association
  • Journal of International Economics
  • Journal of International Money and Finance
  • Journal of Macroeconomics
  • Journal of Monetary Economics
  • Journal of Public Economics
  • Labour Economics
  • Review of Economic Dynamics
  • Review of Economic Studies

Professional Affiliation

  • American Economic Association
  • European Economic Association
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Last update: October 6, 2014