Meet the Researchers
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
Assistant Director
Board of Governors of the Federal Reserve System
2023 - presentManager
Board of Governors of the Federal Reserve System
2019 - 2023Principal 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
- Examining the Relationship Between Loan Pricing and Credit Risk
Azamat Abdymomunov, Ronel Elul, Doriana Ruffino, and James Wang
FEDS Notes (2025)
https://doi.org/10.17016/2380-7172.3876 - 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)
https://doi.org/10.2139/ssrn.917041 - 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)
https://doi.org/10.2139/ssrn.925220 - Optimal Age-Based Portfolios with Stochastic Investment Opportunity Sets
Doriana Ruffino and Jonathan Treussard
Working Papers Series (Boston University. Department of Economics) (2006)
https://doi.org/10.2139/ssrn.907849 - 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)
https://doi.org/10.2139/ssrn.889302
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