Photo of Ander Perez-Orive

Ander Perez-Orive

Education

  • Ph.D., Economics, London School of Economics, 2008
  • M.A., Economics, London School of Economics, 2003
Current Research Topics
  • Monetary Policy and Corporate Debt Structure
  • Financial Constraints and Aggregate Productivity
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2018 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2016 - 2018
  • Visiting Assistant Professor

    Boston University

    2014 - 2016
  • Assistant Professor

    Universitat Pompeu Fabra

    2008 - 2016
  • Affiliated Professor

    Barcelona Graduate School of Economics

    2009 - 2016
  • Investment Banking Analyst

    Goldman Sachs

    2000 - 2002
  • How stimulative are low real interest rates for intangible capital?
    Andrea Caggese and Ander Pérez-Orive
    European Economic Review (2022)
    https://doi.org/10.1016/j.euroecorev.2021.103987
  • Credit Lines and the Liquidity Insurance Channel
    Viral V. Acharya, Heitor Almeida, Filippo Ippolito, and Ander Pérez-Orive
    Journal of Money, Credit and Banking (2021)
    https://doi.org/10.1111/jmcb.12821
  • U.S. Zombie Firms: How Many and How Consequential?
    Giovanni Favara, Camelia Minoiu, and Ander Pérez-Orive
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2954
  • Interest Coverage Ratios: Assessing Vulnerabilities in Nonfinancial Corporate Credit
    Jack McCoy, Francisco Palomino, Ander Pérez-Orive, Charles Press, and Gerardo Sanz-Maldonado
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2779
  • Bank Lines of Credit as Contingent Liquidity: A Study of Covenant Violations and Their Implications
    Viral Acharya, Heitor Almeida, Filippo Ippolito, and Ander Pérez-Orive
    Journal of Financial Intermediation (2020)
    https://doi.org/10.1016/j.jfi.2019.03.004
  • The Information in Interest Coverage Ratios of the US Nonfinancial Corporate Sector
    Francisco Palomino, Stephen Paolillo, Ander Pérez-Orive, and Gerardo Sanz-Maldonado
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2290
  • The Transmission of Monetary Policy through Bank Lending: The Floating Rate Channel
    Filippo Ippolito, Ali K. Ozdagli, and Ander Pérez-Orive
    Journal of Monetary Economics (2018)
    https://doi.org/10.1016/j.jmoneco.2018.02.001
    See also » FRB Working Paper (2017)
  • The Potential Increase in Corporate Debt Interest Rate Payments from Changes in the Federal Funds Rate
    Ashish Kumbhat, Francisco Palomino, and Ander Pérez-Orive
    FEDS Notes (2017)
    https://doi.org/10.17016/2380-7172.2076
  • Capital Misallocation and Secular Stagnation
    Andrea Caggese and Ander Pérez-Orive
    Finance and Economics Discussion Series (2017)
    https://doi.org/10.17016/FEDS.2017.009
  • Credit Constraints, Firms' Precautionary Investment, and the Business Cycle
    Ander Pérez-Orive
    Journal of Monetary Economics (2016)
    https://doi.org/10.1016/j.jmoneco.2016.01.006
  • Credit Lines as Monitored Liquidity Insurance: Theory and Evidence
    Viral Acharya, Heitor Almeida, Filippo Ippolito, and Ander Perez
    Journal of Financial Economics (2014)
    https://doi.org/10.1016/j.jfineco.2014.02.001
  • Bank Lines of Credit as Contingent Liquidity: A Study of Covenant Violations and Their Implications
    Viral Acharya, Heitor Almeida, Filippo Ippolito, and Ander Perez
    Working paper series (European Central Bank) (2014)
  • Is Bank Debt Special for the Transmission of Monetary Policy? Evidence from the Stock Market
    Filippo Ippolito, Ali K. Ozdagli, and Ander Perez
    Research Department Working Paper (Federal Reserve Bank of Boston) (2013)
  • Is Bank Debt Special for the Transmission of Monetary Policy? Evidence from the Stock Market
    Filippo Ippolito, Ali Ozdagli, and Ander Pérez-Orive
    CEPR Discussion Paper Series (2013)
  • Optimal Monetary Policy in an Estimated DSGE Model with Financial Frictions: Comment
    Ander Pérez-Orive
    (2011)
  • Credit Constraints, Firms' Precautionary Investment, and the Business Cycle
    Ander Pérez-Orive
    Economics Working Papers (Universitat Pompeu Fabra) (2010)
  • Financial Innovation, Macroeconomic Stability and Systemic Crises
    Prasanna Gai, Sujit Kapadia, Stephen Millard, and Ander Pérez-Orive
    Economic Journal (2008)
    https://doi.org/10.1111/j.1468-0297.2007.02127.x
  • conference

    2016

    AEA (San Francisco), Macro Finance Society Conference, NBER Summer Institute 'Macro, Money and Financial Frictions' (scheduled)

  • seminar

    2016

    Boston University

  • conference

    2015

    FRB of NY/NYU Stern Conference on Financial Intermediation, FRB conference on "Monetary Policy Implementation and Transmission"

  • conference

    2015

    Green Line Macro Meeting (Boston University), Adam Smith Asset Pricing Conference (LSE), FIRS (Iceland), Econometric Society World Congress

  • seminar

    2015

    Federal Reserve Board

  • conference

    2014

    AEA, SED, CREI Asset Prices and the Business Cycle Workshop

  • discussion

    2014

    7th Winter Finance Conference on Financial Intermediation), Fifth Boston University/Boston Fed Conference on Macro-Financial Linkages

  • seminar

    2014

    University of Oxford, Queen Mary, Cass Business School, Boston University

  • conference

    2013

    NBER Monetary Economics SI, NBER Corporate Finance SI, ESSFM (Gerzensee), 16th DNB Research Conference, UNC CFEA Conference 2013

  • conference

    2013

    6th Winter Finance Conference on Financial Intermediation, 4th Joint French Macro Workshop, IV Workshop on "Individual Behavior and Economic Outcomes"

  • conference

    2013

    Barcelona GSE II Conference on "Asset Prices and the Business Cycle", and I conference on "Financial Intermediation, Risk and Liquidity Management"

  • seminar

    2013

    University of Illinois, Boston Fed, Bank of Spain, Bilkent University

Awards
  • 2012

    European Central Bank

    Lamfalussy Fellowship from the ECB-CFS Research Network

  • 2012

    Eastern Finance Association

    Paul Van Arsdell Award - Best paper in Corporate Finance

  • 2011

    Treasury of the Government of Spain

    Juan de la Cierva Fellow

  • 2007

    Deutsche Bank

    PhD Fellow

  • 2007

    Banco Herrero

    Banco Herrero Foundation Research Grant

  • 2006

    London School of Economics

    FMG Gilbert de Botton Award in Finance Research – 1st Runner-up

  • 2005

    Fundacion Rafael del Pino

    Fundacion Rafael del Pino Scholarship

  • 2003

    Fundacion Ramon Areces

    Fundacion Ramon Areces Scholarship

Conference Organization
  • 2011-2015 | Barcelona, Spain

    CREI-CEPR-Barcelona GSE "Asset Prices and the Business Cycle"

    Co-organizer

Referee
  • Journal of Monetary Economics
  • Journal of Financial Intermediation
  • Management Science
  • Moneda y Crédito
  • Journal of the European Economic Association
  • The Financial Review
  • Journal of Banking and Finance
  • SERIEs Journal of the Spanish Economic Association
Last update: June 30, 2022