The Fed - Antonio Falato

Senior Economist Macroprudential Policy Analysis Section Financial Stability

Current Research Topics

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

Falato, Antonio, and David Scharfstein (2016). "The Stock Market and Bank Risk-Taking," NBER Working Papers 22689. National Bureau of Economic Research, Inc.
Falato, Antonio, and J. Nellie Liang (2016). "Do Creditor Rights Increase Employment Risk? Evidence from Loan Covenants," Journal of Finance., vol. 71, no. 6, pp. 2545–2590.
Li, Dan, Antonio Falato, and Tod Milbourn (2015). "Which Skills Matter in the Market for CEOs? Evidence from Pay for CEO Credentials," Management Science, vol. 61, no. 2, pp. 2845-2869.
Falato, Antonio, Dalida Kadyrzhanova, and Ugur Lel (2014). "Distracted Directors: Does Board Busyness Hurt Shareholder Value?" Journal of Financial Economics, vol. 113, no. 3, pp. 404-426.
Falato, Antonio, and Jae W. Sim (2014). "Why do Innovative Firms Hold so Much Cash? Evidence from Changes in State R&D Tax Credits," Finance and Economics Discussion Series 2014-72. Board of Governors of the Federal Reserve System (U.S.).
Falato, Antonio, Dalida Kadyrzhanova, and Jae W. Sim (2013). "Rising Intangible Capital, Shrinking Debt Capacity, and the US Corporate Savings Glut," Finance and Economics Discussion Series 2013-67. Board of Governors of the Federal Reserve System (U.S.).
Falato, Antonio (2009). "Happiness Maintenance and Asset Prices," Journal of Economic Dynamics and Control, vol. 33, no. 6, pp. 1247-1262.

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