Photo of Elena Falcettoni

Elena Falcettoni

Education

  • Ph.D., Economics, University of Minnesota, 2019
  • M.A., Economics, University of Minnesota, 2016
  • M.Sc., Finance, Bocconi University, 2015
  • B.Sc., International Economics, Management and Finance, Bocconi University, 2013
Current Research Topics
  • Payments, Stablecoin, Cross-Border Payments, Physician Shortage,
  • Workforce Effect on Health, Geographical Health Heterogeneity, Prefab Housing
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2025 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2022 - 2025
  • Economist

    Board of Governors of the Federal Reserve System

    2019 - 2022
  • Affiliate Scholar

    Heller-Hurwicz Economics Institute

    2020 - present
  • Director and Secretary to the Board

    FRB Federal Credit Union

    2021 - present
  • Research Analyst

    Federal Reserve Bank of Minneapolis

    2016 - 2019
  • Refining the Definition of the Unbanked
    Elena Falcettoni and Vegard Mokleiv Nygaard
    Finance and Economics Discussion Series (2025)
    https://doi.org/10.17016/FEDS.2025.033
  • A Comparison of Living Standards Across the United States of America
    Elena Falcettoni and Vegard M. Nygaard
    International Economic Review (2023)
    See also » FRB Working Paper (2023)
  • A Comparison of Living Standards Across the United States of America
    Elena Falcettoni and Vegard M. Nygaard
    Finance and Economics Discussion Series (2023)
    https://doi.org/10.17016/FEDS.2020.041r1
  • Acts of Congress and COVID-19: A Literature Review on the Impact of Increased Unemployment Insurance Benefits and Stimulus Checks
    Elena Falcettoni and Vegard Nygaard
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2848
  • A Literature Review on the Impact of Increased Unemployment Insurance Benefits and Stimulus Checks in the United States
    Elena Falcettoni and Vegard M. Nygaard
    Covid Economics (2021)
  • The Consequences of Medicare Pricing: An Explanation of Treatment Choice
    Elena Falcettoni
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.063
  • A Comparison of Living Standards Across the States of America
    Elena Falcettoni and Vegard M. Nygaard
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2545
    See also » FRB Working Paper (2023)
  • Essays in Industrial Organization and Health Economics
    Elena Falcettoni
    Dissertations (University of Minnesota) (2019)
  • Scenario Analysis
    Elena Falcettoni
    Corporate Valuation: Measuring the Value of Companies in Turbulent Times (2016)
    https://doi.org/10.1002/9781119261674
  • conference

    2026

    Philadelphia, PA

    ASSA meeting

  • discussion

    2026

    USC

    Annual Health Economics Conference

  • seminar

    2025

    National Academies of Sciences, Engineering, and Medicine

    Invited Panel at the National Academies of Sciences, Engineering, and Medicine's Standing Committee on Primary Care

  • discussion

    2025

    Chicago, IL

    System Payments Research

  • conference

    2025

    Baltimore, MD

    Johns Hopkins University

  • conference

    2025

    San Francisco, CA

    LERA @ ASSA 2025

  • conference

    2025

    Rome, Italy

    Economics of Payments XIV

  • conference

    2025

    FRB Kansas City

    2025 Spring Midwest Macro

  • discussion

    2025

    Richmond, VA

    System Applied Micro Conference

  • conference

    2025

    Nashville, TN

    2025 American Society of Health Economists Conference

  • conference

    2025

    Chicago, IL

    Kaufman Center for Financial Policy Studies

  • discussion

    2024

    FRB Chicago

    System Conference

  • conference

    2024

    Boston, MA

    NBER Summer Institute

  • conference

    2024

    San Antonio, TX

    ASSA 2024

  • discussion

    2024

    Vienna, Austria

    Economics of Payments Conference

  • conference

    2024

    San Diego, CA

    2024 American Society of Health Economists Conference

  • conference

    2024

    New York, NY

    LERA Annual Meeting as the Chair of LERA at ASSA

  • discussion

    2024

    Montreal, Canada

    Retail Payments Workshop

  • conference

    2024

    Edinburgh, Scotland

    3rd HIGHLAND HEALTH ECONOMICS SYMPOSIUM

  • conference

    2023

    Lincoln, NE

    Nebraska Labor Summit

  • conference

    2023

    St. Louis, MO

    American Society of Health Economists

  • seminar

    2023

    New Orleans, LA

    The Shortage in Health Care Personnel and Labor Force Issues Symposium (Tulane Health Symposium)

  • conference

    2023

    New Orleans, LA

    ASSA 2023 Annual Meeting

  • conference

    2022

    Valencia, Spain

    Simposio de la Asociación Española de Economía

  • conference

    2022

    Fort Lauderdale, FL

    Southern Economic Association Annual Meeting

  • conference

    2022

    Virtual

    Rural Research Symposium

  • discussion

    2022

    Ottawa, Canada

    Economics of Payments

  • conference

    2022

    Kansas City, MO

    2022 System Committee on Regional Analysis

  • conference

    2022

    Philadelphia, PA

    Wharton People and Organizations Conference

  • conference

    2022

    LERA @ ASSA Boston

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • discussion

    2021

    Annual Health Econometrics Workshop

    Discussion of "Innovation and Health Disparities During an Epidemic: The Case of HIV"

  • conference

    2021

    Southern Economic Association 91st Annual Meeting

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • discussion

    2021

    Stigler Center Healthcare Conference (Chicago, IL)

    Discussion of "Rural Healthcare"

  • conference

    2021

    Annual Conference of the International Association for Applied Econometrics

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • conference

    2021

    19th Annual International Industrial Organization Conference

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • conference

    2021

    Simposio de la Asociación Española de Economía (Barcelona, Spain)

    A Comparison of Living Standards Across the United States of America

  • conference

    2021

    10th Annual Conference of the American Society of Health Economists

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2021

    Society for Economic Dynamics

    A Comparison of Living Standards Across the United States of America

  • conference

    2021

    Royal Economic Society Conference

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2021

    LERA @ ASSA Chicago

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • seminar

    2021

    U.S. Bureau of Economic Analysis

    A Comparison of Living Standards Across the United States of America

  • conference

    2020

    Annual Health Econometrics Workshop (discussion by Prof. Robert Town)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2020

    APPAM International Conference

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2020

    4h Workshop on Mechanism Design For Social Good (by co-author)

    A Comparison of Living Standards Across the United States of America

  • seminar

    2020

    Board of Governors of the Federal Reserve System (by co-author)

    A Comparison of Living Standards Across the United States of America

  • conference

    2020

    European Economic Association Congress

    A Comparison of Living Standards Across the United States of America

  • conference

    2020

    Texas Camp Econometrics XXV (by co-author)

    A Comparison of Living Standards Across the United States of America

  • conference

    2020

    4th Workshop on Mechanism Design For Social Good

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • conference

    2020

    APPAM International Conference

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • conference

    2020

    American Society of Health Economists Conference

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • conference

    2019

    Simposio de la Asociación Española de Economía (Alicante, Spain)

    Physician Workforce Effect on Health

  • seminar

    2019

    University of Houston (Houston, TX)

    Invited Lecture in Health Economics

  • conference

    2019

    Urban Economics Association Conference (Philadelphia, PA)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2019

    3rd Workshop on Mechanism Design for Social Good (Phoenix, AZ)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2019

    American Society of Health Economists Conference (Washington, DC)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2019

    International Industrial Organization Conference (Boston, MA)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • seminar

    2019

    University of New South Wales (Sydney, Australia)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • seminar

    2019

    Sciences Po (Paris, France)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • seminar

    2019

    McGill University (Montreal, Canada)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • seminar

    2019

    Wake Forest University (Winston-Salem, NC)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • seminar

    2019

    Board of Governors of the Federal Reserve System (Washington, DC)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2018

    Simposio de la Asociación Española de Economía (Madrid, Spain)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • seminar

    2018

    University of Minnesota (Minneapolis, MN)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2018

    American Society of Health Economists Conference (Atlanta, GA)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2018

    Warwick Ph.D. Economics Conference (Warwick, United Kingdom)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2018

    Midwest Economics Association Conference (Evanston, IL)

    The Determinants of Physicians' Location Choice: Understanding the Rural Shortage

  • conference

    2018

    Warwick Ph.D. Economics Conference (Warwick, United Kingdom)

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • conference

    2018

    American Society of Health Economists Conference (Atlanta, GA)

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • conference

    2018

    Midwest Economics Association Conference (Evanston, IL)

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • conference

    2017

    Midwest Economics Association Conference (Cincinnati, OH)

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

  • conference

    2017

    Missouri Valley Economic Association Conference (Kansas City, MO)

    The Consequences of Medicare Pricing: An Explanation of Treatment Choice

Awards
  • 2023

    Federal Reserve Board Division of Reserve Bank Operations & Payment Systems

    Division Award

  • 2023

    Bank of International Settlements

    Central Bank Research Fellowship

  • 2018

    Consortium on Law and Values in Health, Environment and the Life Sciences

    Consortium Research Award

  • 2017

    Department of Economics, University of Minnesota

    Second Place, Hard Third Year Paper Competition

  • 2016

    University of Minnesota, Minneapolis, Minnesota

    Distinguished Teaching Assistant

  • 2015

    Department of Economics, University of Minnesota

    Herbert Mohring Fellowship in Economics

  • 2014

    Bocconi University

    Bocconi Merit Award

  • 2013

    Bocconi University

    Bocconi Merit Award

Conference Organization
  • 2025 | Virtual

    6th Annual HHEI Alumni Conference

    Organizer

  • 2026 | Philadelphia, PA

    LERA@ASSA

    Program Chair

  • 2027 | Washington, DC

    LERA@ASSA

    Program Chair

  • 2025 | San Francisco, CA

    LERA@ASSA

    Program Chair

  • 2024 | Virtual

    5th Annual HHEI Alumni Conference

    Organizer

  • 2024 | San Antonio, TX

    LERA@ASSA

    Program Chair

  • 10/26/2023 | Washington, DC

    Economics of Payments XII

    Organizer

  • 2023 | Virtual

    4th Annual HHEI Alumni Conference

    Organizer

  • 10/06/2022 | Washington, DC

    ACM conference on Equity and Access in Algorithms, Mechanisms, and Optimization

    Organizer

  • 07/07/2022 | Virtual

    3rd Annual HHEI Alumni Conference

    Organizer

  • 06/24/2021 | Virtual

    2nd Annual HHEI Alumni Conference

    Organizer

  • 06/25/2020 | Virtual

    Inaugural Heller-Hurwicz UMN Alumni Conference

    Organizer

  • 06/20/2019 | Department of Economics, University of Minnesota

    Third Year Conference (for Industrial Organization Workshop)

    Organizer

Referee
  • Journal of International Economics, Review of Economics and Statistics, Journal of Public Economics, Journal of Health Economics, RAND Journal of Economics, AEJ: Economic Policy, European Journal of Health Economics, Journal of Financial Services Marketing, Health Services Research Journal, Social Science & Medicine, Journal of Policy Analysis and Management
Professional Affiliation
  • Mentor, Women in Economics Program co-sponsored by the Heller-Hurwicz Economics Institute and the Department of Economics of the University of Minnesota, 2020-present
  • Program Committee Member, American Society of Health Economists, 2022
  • Program Committee Member, American Society of Health Economists, 2021
  • Program Committee Member, American Society of Health Economists, 2020
  • Senior Program Committee Member, ACM conference on Equity and Access in Algorithms, Mechanisms, and Optimization, 2021
  • Program Committee Member, Mechanism Design for Social Good, 2020
  • Committee Member, Labor and Employment Relations Association Competitive Papers, 2022
  • Committee Member, Labor and Employment Relations Association Competitive Papers, 2021
  • Program Chair, Labor and Employment Relations Association for ASSA, 2024
  • Program Co-Chair, Labor and Employment Relations Association for ASSA, 2023
  • Committee Member, Labor and Employment Relations Association for ASSA, 2022
  • Mentor, CSWEP Workshop hosted during the SEA, 2022
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Last Update: March 23, 2026