Photo of Irina Stefanescu

Irina Stefanescu

Education

  • Ph.D., Finance, University of North Carolina at Chapel Hill
Current Research Topics
  • Pension Plans, Labor, Mutual Funds, Investments
  • Corporate Finance, Capital Structure
  • Group Manager

    Board of Governors of the Federal Reserve System

    2021 - present
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2015 - 2021
  • Visiting Economist

    American University

    2019
  • Economist (detail)

    OECD, Paris

    2017 - 2019
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2015
  • Economist

    Board of Governors of the Federal Reserve System

    2013 - 2015
  • Assistant Professor of Finance

    Indiana University, Bloomington

    2006 - 2013
  • Kronlund, Mathias, Veronika K. Pool, Clemens Sialm, and Irina Stefanescu (2021). "Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations," Journal of Financial Economics, vol. 141, no. 2, pp. 644-668.
  • Rauh, Joshua D., Irina Stefanescu, and Stephen P. Zeldes (2020). "Cost Saving and the Freezing of Corporate Pension Plans," Journal of Public Economics, vol. 188 (August).
  • Stefanescu, Irina, Yupeng Wang, Kangzhen Xie, and Jun Yang (2018). "Pay Me Now (and Later): Pension Benefit Manipulation Before Plan Freezes and Executive Retirement," Journal of Financial Economics, vol. 127, no. 1, pp. 152-173.
  • Pool, Veronika K., Clemens Sialm, and Irina Stefanescu (2016). "It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans," Journal of Finance, vol. 71, no. 4, pp. 1779-1812.
  • Goldman, Eitan, Urs Peyer, and Irina Stefanescu (2012). "Financial Misrepresentation and its Impact on Rivals," Financial Management, vol. 41, no. 4, pp. 915-945.
  • Shivdasani, Anil, and Irina Stefanescu (2010). "How do Pensions Affect Corporate Capital Structure Decisions?" Review of Financial Studies, vol. 23, no. 3, pp. 1287-1323.
  • Rauh, Joshua, and Irina Stefanescu (2009). "Why are Firms in the United States Abandoning Defined Pension Plans?" Rotman International Journal of Pension Management, vol. 2, no. 2, pp. 18-25.
  • Kronlund, Mathias, Veronika K. Pool, Clemens Sialm, and Irina Stefanescu (2020). "Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations," NBER Working Paper No. 27573. Cambridge, MA: National Bureau of Economic Research.
  • Kronlund, Mathias, Veronika K. Pool, Clemens Sialm, and Irina Stefanescu (2020). "Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations," Finance and Economics Discussion Series 2020-078. Board of Governors of the Federal Reserve System (U.S.).
  • Rauh, Joshua D., Irina Stefanescu, and Stephen P. Zeldes (2013). "Cost Shifting and the Freezing of Corporate Pension Plans," Finance and Economics Discussion Series 2013-82. Board of Governors of the Federal Reserve System (U.S.).
  • Pool, Veronika K., Clemens Sialm, and Irina Stefanescu (2014). "It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans," Finance and Economics Discussion Series 2014-96. Board of Governors of the Federal Reserve System (U.S.).
  • Hoops, Matthew C., Paul A. Smith, and Irina Stefanescu (2016). "State and Local Pension Funding in the Enhanced Financial Accounts," FEDS Notes 2016-02-05. Board of Governors of the Federal Reserve System (U.S.).
  • Hannon, Simona M., Kevin B. Moore, Irina Stefanescu, and Max Schmeiser (2016). "Saving for College and Section 529 Plans," FEDS Notes 2016-02-03. Board of Governors of the Federal Reserve System (U.S.).
  • McCullers, Madeline, and Irina Stefanescu (2015). "Introducing Section 529 Plans into the U.S. Financial Accounts and Enhanced Financial Accounts," FEDS Notes 2015-12-18. Board of Governors of the Federal Reserve System (U.S.).
  • Hoops, Matthew, Irina Stefanescu, and Ivan Vidangos (2015). "Defined-Contribution Pension Plans for State and Local Government Employees in the Financial Accounts of the United States," FEDS Notes 2015-04-20. Board of Governors of the Federal Reserve System (U.S.).
  • Stefanescu, Irina and Ivan Vidangos (2014). "Introducing Actuarial Liabilities and Funding Status of Defined-Benefit Pensions in the U.S. Financial Accounts," FEDS Notes 2014-10-31. Board of Governors of the Federal Reserve System (U.S.).
Awards
  • 2019

    FMA New Orleans

    Best paper Award in Investments

  • 2016

    EFMA Basel

    Corporate Finance Best Paper Award

  • 2016

    University of Melbourne

    Best Paper in FIRCG Conference

  • 2014

    Financial Management Journal

    Pearson Prize for Best Paper

  • 2014

    TIAA-CREF Institute

    TIAA-CREF Institute Grant (with V. Pool and C.Sialm)

  • 2010

    Network for Studies on Pensions, Aging and Retirement

    Netspar Research Grant (with V.Pool and C.Sialm)

  • 2010

    University of Texas at Austin

    Research Excellence Grant (with V.Pool and C.Sialm)

  • 2007

    Rotman International Centre for Pension Management (ICPM)

    Research Grant (with J. Rauh)

  • 2006

    NYSE

    Student Travel Grant

  • 2006

    Frank Batten Young Scholars Conference

    WRDS Award for the Best Paper

  • 2005

    University of North Carolina at Chapel Hill

    Dissertation Completion Research Fellowship

  • 2000

    University of Tennessee

    Fred J. Holly Memorial Fellowship

Conference Organization
  • 2008, 2010

    Financial Management Association

    Program committee

  • 2015-2020

    European Finance Association

    Program evaluation committee

Editor
  • Editor, Journal of Pension Economics and Finance, 2021 -
  • Editorial Board, Journal of Pension Economics and Finance, 2016-2021
Referee
  • Journal of Finance
  • Journal of Financial Economics
  • Review of Finance
  • Journal of Corporate Finance
  • Journal of Pension Economics and Finance
  • International Review of Finance
  • Scandinavian Journal of Economics
  • Management Research Review
  • Financial Management
  • Management Science
  • Journal of Risk and Insurance
  • Journal of Money, Credit and Banking
  • Journal of Financial and Quantitative Analysis
  • Journal of Accounting Research
  • Journal of Monetary Economics
Professional Affiliation
  • American Economic Association
  • American Finance Association
  • European Finance Association
Last update: September 13, 2021