Ph.D. candidate focusing on macroeconomics and household finance
2023 BB90 Recipient
Federal policymakers have responded to recession fears, high inflation, and the pandemic in a variety of ways that affect household balance sheets. Valerie Boctor is studying the effects of recent monetary policy and countercyclical stabilization efforts on household financial stability and the wealth distribution.
Ph.D. student focusing on macroeconomics and international economics
2023 BB90 Recipient
Since the debut of Bitcoin in 2009, the market for crypto assets has grown at an unprecedented pace. Bernardo Candia (pictured) and three professors will survey U.S. households to better understand the demographics of cryptocurrency owners, why they decided to invest, and what people think about cryptocurrency.
Ph.D. student focusing on macroeconomics and international economics
2023 BB90 Recipient
While e-commerce and online retail enable price shopping, inflation makes it more difficult for consumers to identify low prices with certainty. Martin Caruso Bloeck will seek to provide a quantitative estimate of the welfare cost of inflation.
Ph.D. student focusing on firm dynamics, inflation, and monetary policy
2023 BB90 Recipient
More researchers are attempting to quantify the long-term impacts of interest rate adjustments, which is much less understood than the short-term impacts. Ruslana Datsenko will evaluate the effect of monetary policy on firms’ total factor productivity and their investments in research and development, breaking down the data to see which firms are most affected.
Since the debut of Bitcoin in 2009, the market for crypto assets has grown at an unprecedented pace. Yuriy Gorodnichenko and three other researchers will survey U.S. households to better understand the demographics of cryptocurrency owners, why they decided to invest, and what people think about cryptocurrency.
Ph.D. student focusing on macroeconomics and finance
2023 BB90 Recipient
After the near-collapse of money markets during the 2008-2009 Great Financial Crisis, the Securities and Exchange Commission implemented a number of reforms. Collin Jones and Abhi Gupta will study the effect of these reforms on the stability and price-elasticity of demand in short-term funding markets, especially during the emergency interventions of March 2020.
Ph.D. student focusing on macroeconomics and finance
2023 BB90 Recipient
After the near-collapse of money markets during the 2008-2009 Great Financial Crisis, the Securities and Exchange Commission implemented a number of reforms. Collin Jones and Abhi Gupta will study the effect of these reforms on the stability and price-elasticity of demand in short-term funding markets, especially during the emergency interventions of March 2020.
Ph.D. student focusing on macroeconomics and behavioral economics
2024 BB90 Recipient
Brazil had a period of hyperinflation that lasted over 10 years during the 1990s. The Brazilian government resolved this issue by implementing the Real Plan, which involved introducing the Unidade Real de Valor (URV), a reference currency. Vitor Weiss Jung will study how the URV was used in Brazil to end hyperinflation using modern frameworks.
Recent research has shown that inflation disproportionately affects low-income households in both developed and developing countries. Understanding this process is important for creating a monetary policy that effectively responds to rising...
Assistant professor of economics focusing on macroeconomics, monetary theory, behavioral economics, and finance
2024 BB90 Recipient
2023 BB90 Recipient
There are several macroeconomic theories on the relationship between fiscal deficits and inflation. Surveys indicate that Americans consider inflation to be one of the United States’ worst problems. Chen Lian will study the impact of fiscal deficits on inflation and why U.S. workers find inflation costly through the lens of the 2021-2023 inflation spike.
Non-income financial shocks are a significant cause of economic turmoil for households. Laura Waring and Peter Maxted will study how the processes of household expenditure shocks work on a variety of issues. They will do so first through surveying and then by developing a model of household consumption and saving.
