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Antonio Falato


  • Ph.D., Economics, Columbia University, 2004
  • M.A., Economics, Bocconi University, 1998
  • B.A., Economics, University of Rome "La Sapienza", 1997
Current Research Topics
  • Executive Compensation, Financial Contracting
  • Corporate Cash Holdings
  • Economist

    Board of Governors of the Federal Reserve System

    2006 - present
  • Assistant Professor of Finance

    HEC School of Management, University of Montreal

    2004 - 2006
  • Visiting Assistant Professor of Finance

    Smith School of Business, University of Maryland

    2005 - 2006
  • The Stock Market and Bank Risk-Taking
    Antonio Falato and David Scharfstein
    Journal of Finance (Forthcoming)
  • Rising Intangible Capital, Shrinking Debt Capacity, and the U.S. Corporate Savings Glut
    Antonio Falato, Dalida Kadyrzhanova, Jae Sim, and Roberto Steri
    Journal of Finance (2022)
    See also » FRB Working Paper (2013)
  • Human Capitalists
    Andrea L. Eisfeldt, Antonio Falato, and Mindy Z. Xiaolan
    NBER Macroeconomics Annual Book Series (2022)
  • The Loan Covenant Channel: How Bank Health Transmits to the Real Economy
    Gabriel Chodorow-Reich and Antonio Falato
    Journal of Finance (2022)
  • Fire-Sale Spillovers in Debt Markets
    Antonio Falato, Ali Hortaçsu, Dan Li, and Chaehee Shin
    Journal of Finance (2021)
  • Financial Fragility in the COVID-19 Crisis: The Case of Investment Funds in Corporate Bond Markets
    Antonio Falato, Itay Goldstein, and Ali Hortaçsu
    Journal of Monetary Economics (2021)
  • Banks as Regulated Traders
    Antonio Falato, Diana Iercosan, and Filip Zikes
    Finance and Economics Discussion Series (2021)
  • Do Creditor Rights Increase Employment Risk? Evidence from Loan Covenants
    Antonio Falato and J. Nellie Liang
    Journal of Finance (2016)
    See also » FRB Working Paper (2012)
  • Which Skills Matter in the Market for CEOs? Evidence from Pay for CEO Credentials
    Dan Li, Antonio Falato, and Tod Milbourn
    Management Science (2015)
  • Distracted Directors: Does Board Busyness Hurt Shareholder Value?
    Antonio Falato, Dalida Kadyrzhanova, and Ugur Lel
    Journal of Financial Economics (2014)
  • Happiness Maintenance and Asset Prices
    Antonio Falato
    Journal of Economic Dynamics & Control (2009)
    See also » FRB Working Paper (2008)
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Last Update: April 1, 2024