Photo of Chiara Scotti

Chiara Scotti

Education

  • Ph.D., Economics, University of Pennsylvania, 2005
  • M.A., Economics, University of Pennsylvania, 2002
  • B.A., Economics, Bocconi University, 1998
Current Research Topics
  • Macroeconomic Uncertainty, News Announcements
  • Unconventional Monetary Policy
  • Assistant Director

    Board of Governors of the Federal Reserve System, Division of Financial Stability

    2018 - present
  • Visiting Professor

    Bocconi University

    2017
  • Chief

    Board of Governors of the Federal Reserve System, Division of Financial Stability

    2014 - 2017
  • Principal Economist

    Board of Governors of the Federal Reserve System, Division of International Finance

    2011 - 2014
  • Economist

    Board of Governors of the Federal Reserve System, Division of International Finance

    2005 - 2011
  • Ph.D. Summer Intern

    European Central Bank

    2003
  • Analyst

    Credit Suisse First Boston, London

    1998 - 2000
  • Aramonte, Sirio, Chiara Scotti, and Ilknur Zer (2019). "Measuring the Liquidity Profile of Mutual Funds," Finance and Economics Discussion Series 2019-055. Board of Governors of the Federal Reserve System (U.S.).
  • Demiralp, Selva, Sharmila King, and Chiara Scotti (2019). "Does Anyone Listen When Politicians Talk? The Effect of Political Commentaries on Policy Rate Decisions and Expectations," Journal of International Money and Finance, vol. 95, pp. 95-111.
  • Rogers, John H., Chiara Scotti, and Jonathan H. Wright (2018). "Unconventional Monetary Policy and International Risk Premia," Journal of Money, Credit, and Banking, vol. 50, no. 8, pp. 1827-1850.
  • Gilbert, Thomas, Chiara Scotti, Georg Strasser, and Clara Vega (2017). "Is the Intrinsic Value of a Macroeconomic News Announcement Related to its Asset Price Impact?" Journal of Monetary Economics, vol. 92, pp. 78-95.
  • Scotti, Chiara (2016). "Surprise and Uncertainty Indexes: Real-Time Aggregation of Real-Activity Macro Surprises," Journal of Monetary Economics, vol. 82, pp. 1-19.
  • Scotti, Chiara (2014). "Comment on 'Central Bank Macroeconomic Forecasting during the Global Financial Crisis: The European Central Bank and Federal Reserve Bank of New York Experiences'," Journal of Business and Economic Statistics, vol. 32, no. 4, pp. 504-506.
  • Rogers, John Harold, Chiara Scotti, and Jonathan H. Wright (2014). "Evaluating Asset-Market Effects of Unconventional Monetary Policy: A Multi-Country Review," Economic Policy, vol. 29, no. 80, pp. 749-799.
  • Scotti, Chiara (2011). "A Bivariate Model of Federal Reserve and ECB Main Policy Rates," International Journal of Central Banking, vol. 7, no. 3, pp. 37-78.
  • Ammer, John, Fang Cai, and Chiara Scotti (2011). "Has International Financial Co-Movement Changed? Emerging Markets in the 2007-2009 Financial Crisis," in Batten, Jonathan, Peter G. Szilagyi eds., The Impact of the Global Financial Crisis on Emerging Financial Markets. Bingley: United Kingdom: Emerald Group Publishing Limited, pp. 231-253.
  • Aruoba, S. Boragan, Francis Diebold X., and Chiara Scotti (2009). "Real-Time Measurement of Business Conditions," Journal of Business and Economic Statistics, vol. 27, no. 4, pp. 417-427.
  • Benediktsdottir, Sigridur, and Chiara Scotti (2009). "Exchange Rates Dependence: What Drives it?" International Finance Discussion Papers 969. Board of Governors of the Federal Reserve System (U.S.).
  • Brunetti, Celso, Chiara Scotti, Roberto S. Mariano, and Augustine H. H. Tan (2008). "Markov Switching GARCH Models of Currency Turmoil in Southeast Asia," Emerging Markets Review, vol. 9, no. 2, pp. 104-128.
  • Scotti, Chiara (1999). "Modelling the Term Structure of Futures Commodity Prices: An Empirical Analysis in the Copper Market," Rivista di Politica Economica, vol. 89, no. 12, pp. 67-102.
Awards
  • 2004

    University of Pennsylvania

    Hiram C. Haney Fellowship Award in Economics

  • 1999

    Rivista di Politica Economica

    Angelo Costa, Prize for Best Undergrad Dissertation

Conference Organization
  • 2013 | Federal Reserve Board, Washington DC

    NBER-NSF Time Series Conference

    Program Committee

  • 2013, 2014

    (EC)^2 Conference

    Scientific Committee

  • 2015-2018

    International Association for Applied Econometrics (IAAE)

    Scientific Committee

Referee
  • American Economic Journal: Macroeconomics
  • Economica
  • Economic Letters
  • Empirical Economics
  • European Economic Review
  • International Economic Review
  • International Journal of Central Banking
  • International Review of Economic and Finance
  • Journal of Applied Econometrics
  • Journal of Banking and Finance
  • Journal of Business and Economic Statistics
  • Journal of Financial Services Research
  • Journal of Forecasting
  • Journal of International Money and Finance
  • Journal of Macroeconomics
  • Journal of Money, Credit, and Banking
  • Journal of Monetary Economics
  • Journal of Political Economy
  • Journal of Public Economics
  • The BE Journals in Macroeconomics
  • The Review of Economics and Statistics
Professional Affiliation
  • American Economic Association
  • European Economic Association
  • Econometric Society
Last update: September 23, 2019