Photo of Doriana Ruffino

Doriana Ruffino

Education

  • Ph.D., Economics, Boston University, 2008
  • M.A., Political Economy, Boston University, 2006
  • B.A., Economics, Universita Degli Studi di Torino, 2004
Current Research Topics
  • Behavior and functions of SIFIs
  • Risks to financial stability
  • Assistant Director

    Board of Governors of the Federal Reserve System

    2023 - present
  • Manager

    Board of Governors of the Federal Reserve System

    2019 - 2023
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2015 - 2019
  • Economist

    Board of Governors of the Federal Reserve System

    2013 - 2015
  • Assistant Professor

    University of Minnesota

    2008 - 2013
  • Bank Complexity: Is Size Everything?
    Jeremy Oldfather, Stefan Gissler, and Doriana Ruffino
    FEDS Notes (2016)
    https://doi.org/10.17016/2380-7172.1802
  • Lending on Hold: Regulatory Uncertainty and Bank Lending Standards
    Stefan Gissler, Jeremy Oldfather, and Doriana Ruffino
    Journal of Monetary Economics (2016)
    https://doi.org/10.1016/j.jmoneco.2016.03.011
  • Some Implications of Knightian Uncertainty for Finance and Regulation
    Doriana Ruffino
    FEDS Notes (2014)
    https://doi.org/10.17016/2380-7172.0013
  • A Robust Capital Asset Pricing Model
    Doriana Ruffino
    Finance and Economics Discussion Series (2014)
    https://doi.org/10.17016/FEDS.2014.01
  • Resuscitating businessman risk: A rationale for familiarity-based portfolios
    Doriana Ruffino
    Review of Economic Dynamics (2014)
    https://doi.org/10.1016/j.red.2013.03.003
  • Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis
    Fabio Maccheroni, Massimo Marinacci, and Doriana Ruffino
    Econometrica (2013)
    https://doi.org/10.3982/ECTA9678
  • Real Options
    Doriana Ruffino
    Encyclopedia of Quantitative Finance (2010)
    https://doi.org/10.1002/9780470061602.eqf03014
  • Contingent Claims Analysis and Life-Cycle Finance
    Zvi Bodie, Doriana Ruffino, and Jonathan Treussard
    American Economic Review: Papers and Proceedings (2008)
    https://doi.org/10.1257/aer.98.2.291
  • New Frontiers of Real Options: Rational Life-Cycle Decisions under Uncertainty
    Doriana Ruffino
    Boston University (2008)
  • Financial Frictions and Risky Corporate Debt
    Doriana Ruffino and Jonathan Treussard
    Economic Notes (2007)
    https://doi.org/10.1111/j.1468-0300.2007.00172.x
  • Derman and Taleb's 'The Illusions of Dynamic Replication': A Comment
    Doriana Ruffino and Jonathan Treussard
    Quantitative Finance (2006)
    https://doi.org/10.1080/14697680600868283
  • A Study of Inaction in Investment Games via the Early Exercise Premium Representation
    Doriana Ruffino and Jonathan Treussard
    Working Papers Series (Boston University. Department of Economics) (2006)
  • Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach
    Doriana Ruffino and Jonathan Treussard
    Working Papers Series (Boston University. Department of Economics) (2006)
  • Optimal Age-Based Portfolios with Stochastic Investment Opportunity Sets
    Doriana Ruffino and Jonathan Treussard
    Working Papers Series (Boston University. Department of Economics) (2006)
  • A Note on Financial Frictions and Risky Corporate Debt in Relation to Cooley and Quadrini (2001)
    Doriana Ruffino and Jonathan Treussard
    Working Papers Series (Boston University. Department of Economics) (2006)
  • conference

    2015

    Carnegie-Rochester-NYU Conference on Policy Uncertainty

    Lending on Hold: Regulatory Uncertainty and Bank Credit Standards

  • conference

    2015

    11th World Congress of the Econometric Society

    A Robust Capital Asset Pricing Model

  • conference

    2015

    Financial 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

    2015

    Midwest Finance Association (MFA) Annual Meeting

    A Robust Capital Asset Pricing Model

  • conference

    2015

    Midwest 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

    2014

    American University

    A Robust Capital Asset Pricing Model

  • conference

    2014

    Midwest Finance Association (MFA) Annual Meeting

    Job Shopping: A Theory of Human Capital Accumulation

  • conference

    2014

    European Economic Association (EEA) Meetings

    A Robust Capital Asset Pricing Model

  • conference

    2014

    North American Summer Meeting of the Econometric Society

    A Robust Capital Asset Pricing Model

  • conference

    2013

    Financial Intermediation Research Society (FIRS) Annual Meeting

    Job Shopping: A Theory of Human Capital Accumulation

  • seminar

    2013

    Federal Reserve Bank of Atlanta

    Job Shopping: A Theory of Human Capital Accumulation

  • seminar

    2012

    Federal Reserve Board

    Job Shopping: A Theory of Human Capital Accumulation

  • conference

    2012

    Midwest Finance Association (MFA) Annual Meeting

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • discussion

    2011

    European Finance Association (EFA) Annual Meeting

    Macroeconomic Uncertainty, Difference in Beliefs, and Bond Risk Premia - by Andrea Buraschi and Paul Whelan

  • conference

    2011

    Society for Economic Dynamics (SED) Annual Meeting

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • conference

    2011

    Mini-conference in Asset Pricing

    Estimating Return Parameters with Short Historical Data: The Case of U.S. Treasury Inflation-Protected Securities

  • conference

    2011

    XXXVI Simposio de la Asociaci�spa� de Econom�(SAEe)

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • seminar

    2011

    University of Iowa

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • seminar

    2011

    Universitat Aut�a de Barcelona

    Pricing Policies by Dominant Firms: The Gorilla Sleeps Anywhere the Gorilla Wants to Sleep

  • seminar

    2011

    ESADE

    Pricing Policies by Dominant Firms: The Gorilla Sleeps Anywhere the Gorilla Wants to Sleep

  • seminar

    2011

    Universita Pompeu Fabra

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • conference

    2010

    XXXV Simposio de la Asociaci�spa� de Econom�(SAEe)

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2010

    CEMFI

    Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis

  • discussion

    2010

    Corporate Finance Conference, University of Minnesota

    Market Timing, Investment, and Risk Management - by Patrick Bolton, Hui Chen and Neng Wang

  • discussion

    2009

    Macro-Finance Conference, University of Minnesota

    Bursting Bubbles: Consequences and Cures - by Narayana Kocherlakota

  • conference

    2008

    European Economic Association (EEA) Meetings

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • conference

    2008

    Annual Meeting Allied Social Science Associations (ASSA)

    Contingent Claims Analysis and Life-Cycle Finance

  • seminar

    2008

    University of Illinois at Urbana-Champaign

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    Associazione Borsisti Marco Fanno

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    Universita Bocconi

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    CEMFI

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    Collegio Carlo Alberto

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    University of California Berkeley

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    University of Minnesota

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    Universita Pompeu Fabra

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2008

    Universitat Autonoma de Barcelona

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • seminar

    2007

    Ente Luigi Einaudi

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • conference

    2007

    Boston University – Boston College Macroeconomic Meeting

    Resuscitating Businessman Risk: A Rationale for Familiarity-Based Portfolios

  • conference

    2007

    Society for Economic Dynamics (SED) Annual Meeting

    "Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach

  • conference

    2007

    11th Annual International Conference on Real Options

    "Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach

  • conference

    2007

    Midwest 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
Back to Top
Last Update: August 2, 2024