Meet the Economists
Andrei Zlate
[email protected]
Education
- Ph.D., Economics, Boston College, 2009
- M.A., Economics, Boston College, 2005
- M.Sc., International Business and Economics, Copenhagen Business School, 2004
- B.A., Economics, Academy of Economic Studies, Bucharest, 2000
- Monetary and macroprudential policy transmission
- Cross-border banking and portfolio flows
Principal Economist
Board of Governors of the Federal Reserve System
2019 - presentSenior Financial Economist
Federal Reserve Bank of Boston
2014 - 2019Economist
Board of Governors of the Federal Reserve System
2009 - 2014Visiting Researcher
National Bank of Poland
2017Dissertation Fellow
Federal Reserve Bank of Atlanta
2008Intern
European Central Bank
2007
- Minoiu, Camelia, Rebecca Zarutskie, and Andrei Zlate (2021). "Motivating Banks to Lend? Credit Spillover Effects of the Main Street Lending Program," Finance and Economics Discussion Series 2021-078. Board of Governors of the Federal Reserve System (U.S.).
- Mandelman, Federico S., and Andrei Zlate (forthcoming). "Offshoring, Automation, Low-Skilled Immigration, and Labor Market Polarization," American Economic Journal: Macroeconomics.
- Correa, Ricardo, Teodora Paligorova, Horacio Sapriza, and Andrei Zlate (2022). "Cross-Border Bank Flows and Monetary Policy," The Review of Financial Studies, vol. 35, no. 1, pp. 438–481.
- Correa, Ricardo, Horacio Sapriza, and Andrei Zlate (2021). "Wholesale Funding Runs, Global Banks' Supply of Liquidity Insurance, and Corporate Investment," Journal of International Economics, vol. 133 (November).
- Lu, Lina, Matthew Pritsker, Andrei Zlate, Ken Anadu, and James Bohn (2019). "Reach for Yield by U.S. Public Pension Funds," Finance and Economics Discussion Series 2019-048. Board of Governors of the Federal Reserve System (U.S.).
- Duffy, Denise, Joseph G. Haubrich, Anna Kovner, Alex Musatov, Edward S. Prescott, Richard J. Rosen, Thomas D. Tallarini, Alexandros P. Vardoulakis, Emily Yang, and Andrei Zlate (2019). "Macroprudential Policy: Results from a Tabletop Exercise" Working paper (Federal Reserve Bank of Cleveland), no. 19-11.
- Davis, J. Scott, and Andrei Zlate (2019). "Monetary Policy Divergence and Net Capital Flows: Accounting for Endogenous Policy Responses," Journal of International Money and Finance, vol. 94, pp. 15-31.
- Adrian, Tobias, Patrick de Fontnouvelle, Emily Yang, and Andrei Zlate (2017). "Macroprudential Policy: Case Study from a Tabletop Exercise," New York Fed Economic Policy Review, vol. 23, no. 1, pp. 1-30.
- Ahmed, Shaghil, Brahima Coulibaly, and Andrei Zlate (2017). "International Financial Spillovers to Emerging Market Economies: How Important Are Economic Fundamentals?" Journal of International Money and Finance, vol. 76, pp. 133-152.
- Mandelman, Federico S., and Andrei Zlate (2017). "Economic aspects of international labour migration" International Finance, vol.20, no.1, pp. 100-112.
- Davis, Scott and Andrei Zlate (2016). "Financial Performance and Macroeconomic Fundamentals in Emerging Market Economies over the Global Financial Cycle," Globalization and Monetary Policy Institute Working Paper, no. 288. Federal Reserve Bank of Dallas.
- Zlate, Andrei (2016). "Offshore Production and Business Cycle Dynamics with Heterogeneous Firms," Journal of International Economics, vol. 100, pp. 34-49.
- Ahmed, Shaghil, and Andrei Zlate (2014). "Capital Flows to Emerging Market Economies: A Brave New World?" Journal of International Money and Finance, vol. 48, pp. 221-248.
- Coulibaly, Brahima, Horacio Sapriza, and Andrei Zlate (2013). "Financial Frictions, Trade Credit, and the 2008-09 Global Financial Crisis," International Review of Economics & Finance, vol. 26, no. 1, pp. 25-38.
- Mandelman, Federico S., and Andrei Zlate (2012). "Immigration, Remittances, and Business Cycles," Journal of Monetary Economics, vol. 59, no. 2, pp. 196-213.
- Zlate, Andrei (2009). "Offshore Production, Labor Migration and the Macroeconomy," Ph.D. dissertation, Boston College.
- Morgese Borys, Magdalena, Eva Katalin Polgar, and Andrei Zlate (2009). "Real Convergence in Central, Eastern and South-Eastern Europe: A Production Function Approach," in Martin, Reiner, Adalbert Winkler eds., Real Convergence in Central, Eastern and South-Eastern Europe. Basingstoke, United Kingdom: Palgrave-Macmillan Press.
- Morgese Borys, Magdalena, Éva Katalin Polgár, and Andrei Zlate (2008). "Real Convergence and the Determinants of Growth in the EU Candidate and Potential Candidate Countries: A Panel Data Approach," Occasional Papers 86. Frankfurt am Main: European Central Bank.
- Tresch, Richard, and Andrei Zlate (2007). "Explorations into the Production of State Government Services: Education, Welfare and Hospitals," Boston College Working Papers in Economics 679. Boston College Department of Economics.
- Finger, J. Michael, and Andrei Zlate (2005). "Antidumping: Prospects for Discipline from the Doha Negotiations," Journal of World Investment & Trade, vol. 6, no. 4, pp. 531-552.
conference
2019Dutch Central Bank; Chicago Financial Institutions Conference; IBEFA/WEAI; Econometric Society, Manchester, UK
Reach for Yield by U.S. Public Pension Funds
conference
May - August 2018ECB - Emerging Markets Group Workshop, Cass Business School; European Finance Association, Warsaw
Cross-Border Bank Flows and Monetary Policy
seminar
November 2017Central Bank of Romania
Wholesale Funding Runs, Global Banks' Supply of Liquidity Insurance, and Corporate Investment
conference
January - June 2017Society for Economic Dynamics, Edinburgh, UK; Bank of England; University of Connecticut
Offshoring, Low-skilled Immigration and Labor Market Polarization
seminar
May 2017State Bank of Pakistan
International Financial Spillovers to Emerging Market Economies: How Important Are Economic Fundamentals?
conference
December 201614th Research Meeting of NIPFP - DEA Research Program, Alwar, Rajasthan, India
International Financial Spillovers to Emerging Market Economies: How Important Are Economic Fundamentals?
conference
September 2016CEBRA Conference on "International Trade and Macroeconomic Interdependence in the Age of Global Value Chains, Bank of Lithuania
Offshoring, Low-skilled Immigration and Labor Market Polarization
conference
June 2016Federal Reserve Summer Policy Conference, Atlanta Fed
Macroprudential Policy: Case Study from a Tabletop Exercise
conference
June 2016Barcelona GSE Summer Forum
International Shocks and Firm-Level Volatility
conference
November 2015Hong Kong Monetary Authority - FR Board - ECB - Dallas Fed Conference on "Diverging Monetary Policies, Capital Flows and Financial Stability"
International Financial Spillovers to Emerging Market Economies: How Important Are Economic Fundamentals?
conference
July 2014NBER Summer Institute, International Finance and Macroeconomics
Offshoring, Low-skilled Immigration and Labor Market Polarization
conference
May 2014Federal Reserve Board Conference on "Spillovers fromAccommodative Monetary Policies since the GFC," Washington, DC
International Financial Spillovers to Emerging Market Economies: How Important Are Economic Fundamentals?
conference
December 2013European Comission Conference on "Current Account Imbalances and Financial Integration," Brussels
Capital Flows to Emerging Market Economies: A Brave New World?"
conference
January 2013AEA/ASSA, San Diego
Offshore Production and Business Cycle Dynamics with Heterogeneous Firms
conference
Sep, Oct 2012Federal Reserve Board, Euro Area Crisis Workshop; European Central Bank, Second Conference of the Macro-prudential Research Network, Frankfurt
Liquidity Shocks, Dollar Funding Costs, and the Bank Lending Channel during the European Sovereign Crisis
conference
January 2012AEA/ASSA, Chicago
Immigration, Remittances and Business Cycles
conference
July, September 2010Federal Reserve Board, Workshop on the Global Financial Crisis; European Trade Study Group, University of Lausanne
Trade Credit and International Trade during the 2008-09 Global Financial Crisis
seminar
2010University of Delaware; Econometric Society World Congress, Shanghai; LACEA, Medellin
Immigration, Remittances and Business Cycles
conference
July, November 2009NBER Summer Institute, International Finance and Macroeconomics; NEUDC, Tufts University
Immigration, Remittances and Business Cycles
conference
2009IEFS/ASSA, San Francisco; SCIEA, Dalls Fed, San Antonio, TX
Offshore Production and Business Cycle Dynamics with Heterogeneous Firms
Awards
- 2009
Boston College
Research Excellence Award
- 2008
Federal Reserve Bank of Atlanta
Dissertation Fellowship
Conference Organization
2017, 2018, 2019
IBEFA/ASSA, WEAI
Scientific Committee
2017, 2018, 2019
ERMAS
Scientific Committee
2019
Financial Management Association
Scientific Committee
Referee
- Economic Letters
- European Economic Review
- IMF Economic Review
- International Economic Review
- International Finance
- International Journal of Central Banking
- International Review of Economics and Finance
- Journal of Development Economics
- Journal of Economic Dynamics and Control
- Journal of European Economic Association
- Journal of International Economics
- Journal of International Money and Finance
- Journal of International Trade and Economic Development
- Journal of Macroeconomics
- Journal of Monetary Economics
- Journal of Money, Credit and Banking
- Macroeconomic Dynamics
Professional Affiliation
- American Economic Association
- Econometric Society
- International Banking, Economics and Finance Association
- IZA - Institute of Labor Economics