Photo of Francisco Palomino

Francisco Palomino

Education

  • Ph.D., Financial Economics, Carnegie Mellon University, 2007
  • M.S., Financial Economics, Carnegie Mellon University, 2005
  • M.S., Computational Finance, Carnegie Mellon University, 2003
  • B.S., Industrial Engineering, Universidad de los Andes, 1998
  • Economist

    Board of Governors of the Federal Reserve System

    2015 - present
  • Assistant Professor of Finance

    University of Michigan

    2007 - 2015
  • Quantitative Analyst

    Banco de la República

    1998 - 2002
  • Hsu, Alex, Francisco Palomino, and Charles Qian (2017). "The Decline in Asset Return Predictability and Macroeconomic Volatility," Finance and Economics Discussion Series 2017-050. Board of Governors of the Federal Reserve System (U.S.).
  • Dittmar, Robert F., Francisco Palomino, and Wei Yang (2016). "Leisure Preferences, Long-Run Risks, and Human Capital Returns," Review of Asset Pricing Studies, vol. 6, no. 1, pp. 88-134.
  • Hsu, Alex, Erica X.N. Li, and Francisco Palomino. (2016). "Real and Nominal Equilibrium Yield Curves: Wage Rigidities and Permanent Shocks," Finance and Economics Discussion Series 2016-032. Board of Governors of the Federal Reserve System (U.S.).
  • Hsu, Alex, and Francisco Palomino (2015). "A Simple Nonnegative Process for Equilibrium Models," Economics Letters, vol. 132, pp. 39-44.
  • Li, Erica X. N., and Francisco Palomino (2014). "Nominal Rigidities, Asset Returns, and Monetary Policy," Journal of Monetary Economics, vol. 66, pp. 210-225.
  • Palomino, Francisco (2012). "Bond Risk Premiums and Optimal Monetary Policy," Review of Economic Dynamics, vol. 15, no. 1, pp. 19-40.
  • Gallmeyer, Michael F., Burton Hollifield, Francisco J. Palomino, and Stanley E. Zin (2007). "Arbitrage-Free Bond Pricing with Dynamic Macroeconomic Models," Federal Reserve Bank of St. Louis Review, vol. 89, no. 4, pp. 305-326.
Awards
  • 2007

    Carnegie Mellon University

    Alexander Henderson Award for Excellence in Economic Theory

  • 2006

    Inquire UK and Inquire Europe - EFA

    Best Doctoral Tutorial Paper Prize

  • 1998

    Universidad de los Andes

    Graduation with Honors

Conference Organization
  • 2008, 2009, 2012 | University of Michigan

    Mitsui Finance Symposium on Financial Markets

    Committee member

Referee
  • American Economic Review
  • Economic Letters
  • Journal of Banking and Finance
  • Journal of Monetary Economics
  • Journal of Money, Credit and Banking
  • Management Science
  • The Journal of Finance
  • The Review of Economics and Statistics
  • The Review of Financial Studies
  • Review of Finance
  • Revista Colombiana de Estadística
  • Studies in Nonlinear Dynamics & Econometrics
Professional Affiliation
  • American Economic Association
  • American Finance Association
Last update: May 19, 2017