Photo of Sebastian Infante

Sebastian Infante

Education

  • Ph.D., Finance, Stanford Graduate School of Business, 2013
  • M.A., Applied Economics, Universidad de Chile, 2006
  • B.A., Mathematical Engineering, Universidad de Chile, 2006
Current Research Topics
  • Repo markets
  • Safe assets
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2019 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2016 - 2019
  • Economist

    Board of Governors of the Federal Reserve System

    2013 - 2016
  • Infante, Sebastian, and Alexandros P. Vardoulakis (2021). "Collateral Runs," The Review of Financial Studies, vol. 34, no. 6, pp. 2949–2992.
  • Huh, Yesol, and Sebastian Infante (2021). "Bond Market Intermediation and the Role of Repo," Journal of Banking & Finance, vol. 122 (January).
  • Infante, Sebastian, and Zack Saravay (2020). "Treasury Market Functioning During the COVID-19 Outbreak: Evidence from Collateral Re-use," FEDS Notes 2020-12-04. Board of Governors of the Federal Reserve System (U.S.).
  • Infante, Sebastian, and Guillermo Ordoñez (2020). "The Collateral Link between Volatility and Risk Sharing," NBER Working Paper No. 28119. Cambridge, MA: National Bureau of Economic Research.
  • Infante, Sebastian, and Zack Saravay (2020). "What Drives U.S. Treasury Re-use?," Finance and Economics Discussion Series 2020-103. Board of Governors of the Federal Reserve System (U.S.).
  • Infante, Sebastian, and Alexandros P. Vardoulakis (2020). "Monitoring Risk From Collateral Runs," FEDS Notes 2020-07-31. Board of Governors of the Federal Reserve System (U.S.).
  • Infante, Sebastian (2020). "Private Money Creation with Safe Assets and Term Premia," Journal of Financial Economics, vol. 136, no. 3, pp. 828-856.
  • Infante, Sebastian, Charles Press, and Zack Saravay (2020). "Understanding Collateral Re-use in the US Financial System," AEA Papers and Proceedings, vol. 110, pp. 482-486.
  • Infante, Sebastian (2019). "Liquidity Windfalls: The Consequences of Repo Rehypothecation," Journal of Financial Economics., vol. 133, no. 1, pp. 42-63.
  • Infante, Sebastian, Charles Press, and Jacob Strauss (2018). "The Ins and Outs of Collateral Re-use," FEDS Notes 2018-12-21. Board of Governors of the Federal Reserve System (U.S.).
  • Eisenbach, Thomas, and Sebastian Infante (2017). "What Makes a Safe Asset Safe?" Liberty Street Economics, November 27, 2017. Federal Reserve Bank of New York.
  • Infante, Sebastian (2013). "Repo Collateral Fire Sales: The Effects of Exemption from Automatic Stay," Finance and Economics Discussion Series 2013-83. Board of Governors of the Federal Reserve System (U.S.).
Awards
  • 2008

    Stanford Graduate School of Business

    Jaedicke Award

Referee
  • Journal of Political Economy
  • Journal of Finance
  • The Review of Financial Studies
  • Review of Finance
  • Journal of Economic Theory
  • Journal of Financial Intermediation
  • Journal of Monetary Economics
  • Journal of Banking and Finance
  • International Journal of Central Banking
Last update: July 27, 2021