Meet the Economists
Doriana Ruffino
[email protected]
Education
- Ph.D., Economics, Boston University, 2008
- M.A., Political Economy, Boston University, 2006
- B.A., Economics, Universita Degli Studi di Torino, 2004
- Behavior and functions of SIFIs
- Risks to financial stability
Manager
Board of Governors of the Federal Reserve System
2019 - presentPrincipal Economist
Board of Governors of the Federal Reserve System
2015 - 2019Economist
Board of Governors of the Federal Reserve System
2013 - 2015Assistant Professor
University of Minnesota
2008 - 2013
- Gissler, Stefan, Jeremy Oldfather, and Doriana Ruffino (2016). "Lending on Hold: Regulatory Uncertainty and Bank Lending Standards," Journal of Monetary Economics, vol. 81, pp. 89-101.
- Oldfather, Jeremy, Stefan Gissler, and Doriana Ruffino (2016). "Bank Complexity: Is Size Everything?" FEDS Notes 2016-07-15. Board of Governors of the Federal Reserve System (U.S.).
- Ruffino, Doriana (2014). "Some Implications of Knightian Uncertainty for Finance and Regulation," FEDS Notes 2014-04-10. Board of Governors of the Federal Reserve System (U.S.).
- Ruffino, Doriana (2014). "Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios," Review of Economic Dynamics, vol. 17, no. 1, pp. 107-130.
- Ruffino, Doriana (2014). "A Robust Capital Asset Pricing Model," Finance and Economics Discussion Series 2014-01. Board of Governors of the Federal Reserve System (U.S.).
- Maccheroni, Fabio, Massimo Marinacci, and Doriana Ruffino (2013). "Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis," Econometrica, vol. 81, no. 3, pp. 1075-1113.
- Ruffino, Doriana (2010). "Real Options," in Cont, Rama ed., Encyclopedia of Quantitative Finance. John Wiley and Sons, pp. 1488-1493.
- Bodie, Zvi, Doriana Ruffino, and Jonathan Treussard (2008). "Contingent Claims Analysis and Life-Cycle Finance," American Economic Review: Papers and Proceedings, vol. 98, no. 2, pp. 291-296.
- Ruffino, Doriana (2008). "New Frontiers of Real Options: Rational Life-Cycle Decisions Under Uncertainty," Ph.D. dissertation, Boston University.
- Ruffino, Doriana, and Jonathan Treussard (2007). "Financial Frictions and Risky Corporate Debt," Economic Notes, vol. 36, no. 1, pp. 77-87.
- Ruffino, Doriana, and Jonathan Treussard (2006). "A Note on Financial Frictions and Risky Corporate Debt in Relation to Cooley and Quadrini (2001)," Working Papers Series 2006-017. Boston University, Department of Economics.
- Ruffino, Doriana, and Jonathan Treussard (2006). "A Study of Inaction in Investment Games Via the Early Exercise Premium Representation," Department of Economics Working Paper 2006-040. Boston University.
- Ruffino, Doriana, and Jonathan Treussard (2006). "Derman and Taleb's 'the Illusions of Dynamic Replication': A Comment," Quantitative Finance, vol. 6, no. 5, pp. 365-367.
- Ruffino, Doriana, and Jonathan Treussard (2006). "Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach," Department of Economics Working Paper 2006-044. Boston University.
- Ruffino, Doriana, and Jonathan Treussard (2006). "Optimal Age-Based Portfolios with Stochastic Investment Opportunity Sets," Department of Economics Working Paper Series 2006-41. Boston Universtiy.
conference
2015Carnegie-Rochester-NYU Conference on Policy Uncertainty
Lending on Hold: Regulatory Uncertainty and Bank Credit Standards
conference
201511th World Congress of the Econometric Society
A Robust Capital Asset Pricing Model
conference
2015Financial Intermediation Research Society (FIRS) Annual Meeting
Discussion of "License to Spend: Consumption-Income Sensitivity and Portfolio Choice," by Jawad M. Addoum, Stefanos Delikouras, George M. Korniotis.
conference
2015Midwest Finance Association (MFA) Annual Meeting
A Robust Capital Asset Pricing Model
conference
2015Midwest Finance Association (MFA) Annual Meeting
Discussion of "Doubts and Variability: A Robust Perspective on Exotic Consumption Series," by Rhys Bidder and Matthew E. Smith.
seminar
2014American University
A Robust Capital Asset Pricing Model
conference
2014Midwest Finance Association (MFA) Annual Meeting
Job Shopping: A Theory of Human Capital Accumulation
conference
2014European Economic Association (EEA) Meetings
A Robust Capital Asset Pricing Model
conference
2014North American Summer Meeting of the Econometric Society
A Robust Capital Asset Pricing Model
conference
2013Financial Intermediation Research Society (FIRS) Annual Meeting
Job Shopping: A Theory of Human Capital Accumulation
seminar
2013Federal Reserve Bank of Atlanta
Job Shopping: A Theory of Human Capital Accumulation
seminar
2012Federal Reserve Board
Job Shopping: A Theory of Human Capital Accumulation
conference
2012Midwest Finance Association (MFA) Annual Meeting
Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis
discussion
2011European Finance Association (EFA) Annual Meeting
Macroeconomic Uncertainty, Difference in Beliefs, and Bond Risk Premia - by Andrea Buraschi and Paul Whelan
conference
2011Society for Economic Dynamics (SED) Annual Meeting
Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis
conference
2011Mini-conference in Asset Pricing
Estimating Return Parameters with Short Historical Data: The Case of U.S. Treasury Inflation-Protected Securities
conference
2011XXXVI Simposio de la Asociaci�spa� de Econom�(SAEe)
Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis
seminar
2011University of Iowa
Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis
seminar
2011Universitat Aut�a de Barcelona
Pricing Policies by Dominant Firms: The Gorilla Sleeps Anywhere the Gorilla Wants to Sleep
seminar
2011ESADE
Pricing Policies by Dominant Firms: The Gorilla Sleeps Anywhere the Gorilla Wants to Sleep
seminar
2011Universita Pompeu Fabra
Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis
conference
2010XXXV Simposio de la Asociaci�spa� de Econom�(SAEe)
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
seminar
2010CEMFI
Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis
discussion
2010Corporate Finance Conference, University of Minnesota
Market Timing, Investment, and Risk Management - by Patrick Bolton, Hui Chen and Neng Wang
discussion
2009Macro-Finance Conference, University of Minnesota
Bursting Bubbles: Consequences and Cures - by Narayana Kocherlakota
conference
2008European Economic Association (EEA) Meetings
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
conference
2008Annual Meeting Allied Social Science Associations (ASSA)
Contingent Claims Analysis and Life-Cycle Finance
seminar
2008University of Illinois at Urbana-Champaign
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
seminar
2008Associazione Borsisti Marco Fanno
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
seminar
2008Universita Bocconi
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
seminar
2008CEMFI
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
seminar
2008Collegio Carlo Alberto
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
seminar
2008University of California Berkeley
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
seminar
2008University of Minnesota
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
seminar
2008Universita Pompeu Fabra
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
seminar
2008Universitat Autonoma de Barcelona
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
seminar
2007Ente Luigi Einaudi
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
conference
2007Boston University – Boston College Macroeconomic Meeting
Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios
conference
2007Society for Economic Dynamics (SED) Annual Meeting
"Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach
conference
200711th Annual International Conference on Real Options
"Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach
conference
2007Midwest Finance Association (MFA) Annual Meeting
"Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach
Awards
- 2011
Collegio Carlo Alberto
Collegio Carlo Alberto Research Grant
- 2011
University of Minnesota
Deans' Small Research Grant
- 2009
University of Minnesota
Deans' Small Research Grant
- 2008
Ente Luigi Einaudi
Scholarship "Luigi Einaudi"
- 2007
Ente Luigi Einaudi
Scholarship "Luigi Einaudi"
- 2007
Journal of Economic Dynamics and Control
Outstanding Referee Award
- 2007
Institute for Economic Development
Travel Grant
- 2007
Boston University
Summer Research Award
- 2007
PRMIA Institute
Higher Standard Award
- 2006
Bank of Italy
Scholarship "Bonaldo Stringher"
- 2005
Bank of Italy
Scholarship "Bonaldo Stringher"
- 2005
Unione Industriale di Torino
Premio Optime
- 2004
Boston University
Presidential fellowship
Conference Organization
2011, 2012 | University of Minnesota
Mini-conference in Asset Pricing
Program Committee Member
Referee
- European Journal of Finance
- Economics Letters
- Review of Financial Studies
- Journal of Monetary Economics
- Finance Research Letters
- Journal of Economic Theory
- American Economic Review
- Economic Modeling
- Journal of Economic Dynamics and Control
- Journal of Risk and Insurance
- Management Science
- Handbook of Technology Management