Photo of Andrea Ajello

Andrea Ajello

Education

  • Ph.D., Economics, Northwestern University, 2011
  • M.A., Economics, Northwestern University, 2005
  • M.A., International Economics, University of Rome "Tor Vergata", 2004
  • B.A., Economics, University of Rome "Tor Vergata", 2003
Current Research Topics
  • Interest Rate Policy and Financial Stability
  • Inflation Forecasting with Term Structure Data
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2016 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2015 - 2016
  • Economist

    Board of Governors of the Federal Reserve System

    2011 - 2015
  • Ajello, Andrea (2016). "Financial Intermediation, Investment Dynamics, and Business Cycle Fluctuations," American Economic Review, vol. 106, no. 8, pp. 2256-2303.
  • Ajello, Andrea, Thomas Laubach, David Lopez-Salido, and Taisuke Nakata (2016). "Financial Stability and Optimal Interest-Rate Policy," Finance and Economics Discussion Series 2016-067. Board of Governors of the Federal Reserve System (U.S.).
  • Ajello, Andrea (2012). "Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations," Finance and Economics Discussion Series 2012-67. Board of Governors of the Federal Reserve System (U.S.).
  • Ajello, Andrea, Luca Benzoni, and Olena Chyruk (2012). "Core and 'Crust': Consumer Prices and the Term Structure of Interest Rates," Working Paper Series WP-2014-11. Federal Reserve Bank of Chicago.
  • Ajello, Andrea, Luca Benzoni, and Olena Chyruk (2012). "No-Arbitrage Restrictions and the U.S. Treasury Market," Economic Perspectives, vol. Q2, pp. 55-74.
  • conference

    September 2015

    Dynare Conference, National Bank of Belgium

    Financial Stability and Optimal Interest-Rate Policy

  • conference

    September 2015

    Swiss National Bank Annual Research Conference

    Financial Stability and Optimal Interest-Rate Policy

  • conference

    August 2015

    European Economic Association Meetings, University of Mannheim

    Financial Stability and Optimal Interest-Rate Policy

  • seminar

    July 2015

    University of Tokyo

    Financial Stability and Optimal Interest-Rate Policy

  • seminar

    July 2015

    Bank of Japan

    Financial Stability and Optimal Interest-Rate Policy

  • conference

    July 2015

    Computational Economic and Finance Conference,Taiwan

    Financial Stability and Optimal Interest-Rate Policy

  • conference

    April 2015

    Georgetown Biennial Economic Conference, Georgetown University

    Financial Stability and Optimal Interest-Rate Policy

  • conference

    March 2015

    Chicago Midwest Finance Conference

    Financial Stability and Optimal Interest-Rate Policy

  • conference

    March 2015

    San Francisco Fed Annual Macro Conference

    Financial Stability and Optimal Interest-Rate Policy

  • conference

    December 2014

    Pompeu Fabra University

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

  • seminar

    November 2014

    North Carolina State University

    Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

  • conference

    August 2014

    European Finance Association Conference

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

  • conference

    December 2013

    Computational and Financial Econometrics Conference, London

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

  • conference

    July 2013

    NBER Summser Institute - Asset Pricing Meeting

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

  • seminar

    December 2012

    Bank of England

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

  • conference

    August 2012

    European Meetings of the Econometric Society

    Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

  • conference

    August 2012

    European Meetings of the Econometric Society

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

  • conference

    June 2012

    SoFiE Conference - Oxford University

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

  • conference

    July 2012

    North American Meetings of the Econometric Society

    Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

  • conference

    June 2012

    Society for Economic Dynamics - Cyprus

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

  • conference

    May 2012

    Midwest Macroeconomics Meetings - University of Notre Dame

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

  • conference

    May 2012

    Midwest Macroeconomics Meetings - University of Notre Dame

    Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

  • seminar

    April 2012

    Board of Governors of the Federal Reserve System

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

  • discussion

    January 2012

    Federal Reserve System Day-ahead Conference - American Economic Association Meetings - Chicago, Illinois

    Discussion of "Pricing Inflation Risk with Deflation Risk" by Christensen, Lopez, Rudebusch

  • conference

    December 2011

    Symposium of the Spanish Economic Association, Malaga, Spain

    Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

  • seminar

    December 2011

    Royal Holloway University of London, London, United Kingdom

    Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

  • conference

    December 2011

    CEPR/JMCB Conference on Macroeconomics and Financial Intermediation, National Bank of Belgium, Brussels, Belgium

    Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

  • conference

    November 2011

    System Committee Macro - Federal Reserve Bank of Cleveland, Cleveland, Ohio

    Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

  • conference

    November 2011

    System Committee Macro - Federal Reserve Bank of Cleveland, Cleveland, Ohio

    Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates

Awards
  • 2010

    Northwestern University

    Dissertation Fellowship

  • 2008

    Department of Economics, Northwestern University

    Distinguished Teaching Assistant Award

  • 2004

    Mediocredito Centrale (now Unicredit)

    "Marco Fanno" Graduate Research Fellowship

Referee
  • American Economic Review
  • European Economic Review
  • Journal of Financial Econometrics
  • Journal of International Central Banking
  • Journal of Macroeconomics
  • Journal of Monetary Economics
  • Journal of Money, Credit and Banking
Professional Affiliation
  • American Economic Association
  • Econometric Society
  • Euro Area Business Cycle Network
Last update: March 18, 2017