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Felicia F. Ionescu

Principal Economist

Consumer Finance Section

Research and Statistics

202-452-2504
felicia.ionescu@frb.gov
Education
  • Ph.D., Economics, University of Iowa, 2006
  • M.S., Mathematics, University of Iowa, 2006
  • M.A., Economics, University of Iowa, 2002
  • B.A., Economics, University of Transilvania, Brasov, Romania, 1999
  • Current Research Topics

  • Student Loans, Consumer Credit, Default
  • Human Capital Investment
    • Principal Economist

      Board of Governors of the Federal Reserve System

    • 2015 - present
    • Senior Economist

      Board of Governors of the Federal Reserve System

    • 2015
    • Economist

      Board of Governors of the Federal Reserve System

    • 2013 - 2015
    • Visiting Scholar

      The Federal Reserve Bank of Richmond

    • 2011
    • Visiting Assistant Professor

      University of Pennsylvania

    • 2010
    • Assistant Professor

      Colgate University

    • 2006 - 2013
  • Ionescu, Felicia, and Nicole B. Simpson (2016). "Default Risk and Private Student Loans: Implications for Higher Education Policies," Journal of Economic Dynamics and Control, vol. 64, pp. 119-147.
  • Athreya, Kartik, Felicia F. Ionescu, and Urvi Neelakantan (2015). "Stock Market Investment: The Role of Human Capital," Finance and Economics Discussion Series 2015-065. Washington: Board of Governors of the Federal Reserve System.
  • Ionescu, Felicia and Marius Ionescu (2014). "The Interplay between Student Loans and Credit Card Debt: Implications for Default in the Great Recession," Finance and Economics Discussion Series 2014-14. Board of Governors of the Federal Reserve System (U.S.).
  • Ionescu, Felicia, and Nicole B. Simpson (2014). "Default Risk and Private Student Loans: Implications for Higher Education Policies," Finance and Economics Discussion Series 2014-66r. Board of Governors of the Federal Reserve System (U.S.).
  • Chatterjee, Satyajit, and Felicia Ionescu (2012). "Insuring Student Loans Against the Financial Risk of Failing to Complete College," Quantitative Economics, vol. 3, no. 3, pp. 393-420.
  • Ionescu, Felicia (2011). "Risky Human Capital and Alternative Bankruptcy Regimes for Student Loans," Journal of Human Capital, vol. 5, no. 2, pp. 153-206.
  • Ionescu, Felicia (2009). "The Federal Student Loan Program: Quantitative Implications for College Enrollment and Default Rates," Review of Economic Dynamics, vol. 12, no. 1, pp. 205-231.
  • Ionescu, Felicia, and Linnea A. Polgreen (2009). "A Theory of Brain Drain and Public Funding for Higher Education in the United States," American Economic Review, vol. 99, no. 2, pp. 517-521.
  • Ionescu, Felicia A. (2008). "Consolidation of Student Loan Repayments and Default Incentives," B.E. Journal of Macroeconomics: Topics in Macroeconomics, vol. 8, no. 1, pp. 1-35.
  • Ionescu, Felicia, and Marius Ionescu (2012). "The Interplay between Student Loans and Credit Cards: Amplification of Consumer Default," Working Papers 2012-14. Human Capital and Economic Opportunity: A Global Working Group.
  • Ionescu, Felicia, Dora Gicheva, and Nicole Simpson (2012). "The Effects of Credit Status on College Enrollment and College Completion," IZA Discussion Paper 6719. IZA.
  • Chatterjee, Satyajit, and Felicia Ionescu (2010). "Insuring College Failure Risk," Working Papers 10-1. Federal Reserve Bank of Philadelphia.
  • Ionescu, Anamaria Felicia (2006). "Federal Student Loan Program: Quantitative Implications for College Enrollment, Repayment and Default Rates," Ph.D. dissertation, University of Iowa.
  • conference

    2015

    European Central Bank Conference on Household Finance and Consumption

  • conference

    2015

    ERMAS (Annual Conference of Romanian Economists), Conference on Student Loan Repayment at FRB Philadelphia

  • conference

    2015

    Annual Meetings of Society of Economic Dynamics, Econometric Society, The American Economic Association, Midwest Macroeconomics

  • seminar

    2015

    Indiana University, University of Virginia, Fordham University, Stony Brook University, Federal Reserve Board Macro Workshop

  • conference

    2014

    Annual Meetings of Society of Economic Dynamics, Econometric Society, Midwest Macroeconomics, Computational Economics and Finance

  • seminar

    2014

    Bureau of Economic Analysis, University of Delaware

  • conference

    2013

    Annual Meetings of Econometric Society, Midwest Macroeconomics, Computational Economics and Finance

  • seminar

    2013

    University of Alberta, Bank of Canada, Board of Governors of the Federal Reserve System

  • conference

    2012

    The NBER Summer Institute of Household Finance, of Aggregate Implications of Microeconomic Consumption Behavior

  • conference

    2012

    Annual Meetings of Econometric Society, Midwest Macroeconomics, Southern Economic Association Conference

  • seminar

    2012

    Suny Buffalo, Temple University

  • conference

    2011

    Annual Meetings Society of Advancements in Economic Theory, Society of Economic Dynamics

  • conference

    2011

    Annual Meetings of The American Economic Association, Midwest Macroeconomics, Econometric Society

  • seminar

    2011

    Suny Albany, The Federal Reserve Bank of Richmond, Vassar College, Colgate Social Science Series

  • conference

    2010

    The Econometric Society World Congress, Shanghai, China, The Cornell-Pennstate Macro Workshop

  • conference

    2010

    Annual Meetings of The American Economic Association, Midwest Macroeconomics, Society of Economic Dynamics

  • seminar

    2010

    University of Pennsylvania, Penn State University, The Federal Reserve Bank of Minneapolis, Lafayette College

  • seminar

    2010

    Queen's University, Yeshiva University, Ohio State University, Colorado College

  • conference

    2009

    The NBER Summer Institute of Aggregate Implications of Microeconomic Consumption Behavior, Workshop in Macroeconomic Research at Liberal Arts Colleges

  • conference

    2009

    Annual Meetings of The American Economic Association, Society of Economics Dynamics, Midwest Macroeconomics, University of Iowa Alumni Workshop

  • seminar

    2009

    Cornell University, University of Connecticut, Amherst College

  • conference

    2008

    Annual Meetings of Society of Economic Dynamics, Econometric Society, Midwest Macroeconomics, The Liberal Arts Macro Workshop

  • seminar

    2008

    University of Western Ontario, University of Connecticut, Colgate University

  • conference

    2007

    The Cornell-Pennstate Macro Workshop, Liberal Arts Macro Workshop, Midwest Macro Meetings, Midwest Economic Association, Iowa Alumni Workshop

  • seminar

    2007

    Delaware University, Union College, Fordham University, Colgate Social Science Series

  • conference

    2006

    University of Iowa Alumni Workshop, Midwest Macroeconomics Annual Meeting, Workshop in Macroeconomic Research at Liberal Arts Colleges

  • seminar

    2006

    Federal Reserve Bank of Cleveland, Colgate University, University of Texas Arlington, Mount Hollyoke, University of Iowa

  • conference

    2005

    University of Iowa Alumni Workshop, Midwest Macroeconomics Annual Meeting

Awards

  • 2011

    The Federal Reserve Bank of Richmond and CSWEP

    Research Fellowship

  • 2005

    University of Iowa

    Graduate College Dissertation Fellowship

Conference Organization

  • 2010 Colgate University

    Liberal Arts Macro Workshop

    Local organizer

Referee

  • Econometrica
  • American Economic Review
  • Quarterly Journal of Economics
  • Journal of Economic Theory
  • Review of Economic Dynamics
  • Journal of Labor Economics
  • American Economic Journal: Macroeconomics
  • Journal of Human Capital
  • Macroeconomic Dynamics
  • B.E. Journal of Macroeconomics
  • Economic Inquiry
  • Journal of Public Economic Theory
  • Journal of The Japanese and International Economies
  • Economics of Education Review
  • Eastern Economic Journal
  • Journal of Population Economics

Professional Affiliation

  • Member of The Human Capital and Economic Opportunity (Markets Group) at Becker Friedman Institute for Research in Economics, The University of Chicago, 2012-present
  • Member of the American Economic Association, 2006-present
  • Member of the Econometric Society, 2006-present
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Last update: September 8, 2016