Researcher

Alfredo Mendoza Fernández

Ph.D. student focusing on macroeconomics and international economics
2024 BB90 Recipient
2023 BB90 Recipient

Macroeconomic aggregate data indicates that monetary policy transmission operates differently in emerging economies compared to advanced economies. Alfredo Mendoza-Fernández aims to explore the factors underlying these disparities, with a particular focus on how demand patterns for multi-currency deposits respond to shifts in monetary policy. By applying his theoretical framework, he examines monetary policy transmission in a financially dollarized economy, using detailed microeconomic data from Costa Rica. His analysis highlights the critical influence of currency substitution patterns in...

Emi Nakamura

Chancellor’s Professor of Economics focusing on macroeconomics, international macroeconomics, industrial organization, and finance
2023 BB90 Recipient

Deposits are an important source of funding for banks. Some European banks have set negative deposit rates, so customers pay interest on their bank accounts. Emi Nakamura will analyze the effect of negative deposit rates on deposit outflows.

Serra Pelin

Ph.D. student focusing on inflation dynamics, monetary policy, and international macro-finance
2024 BB90 Recipient

Costanza Gai and Serra Pelin will analyze how the currency composition of firms’ debts affects their choice of invoicing currency and implications for trade price and quantity. The researchers seek to inform policymakers about the impacts of using the U.S. dollar, the Euro, and local currencies on international trade and domestic markets.

Jun Peng

Ph.D. student focusing on real estate and finance
2023 BB90 Recipient

While some people access communications directly from central banks’ social media accounts, others do so indirectly by following friends, economists, and other influencers. Jun Peng will study the roles of these different audience types in how central bank tweets affect stock audience sentiments.

Venance Riblier

Ph.D. student focusing on macroeconomics and behavioral economics
2024 BB90 Recipient

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 inequality. Venance Riblier, Laura Waring, and Vitor Weiss Jung will study the long-term effects of the inflation gap on households using Nielsen scanner data.

Jesse Rothstein

Professor of public policy
2024 BB90 Recipient

There is a belief in economics that tight labor markets lead to quicker wage growth for low-income workers. Jesse Rothstein and Benjamin Schoefer seek to create a stronger understanding of this issue by studying the long-term causal effects of labor market tightness on a diverse group of macroeconomic events.

Matteo Saccarola

Ph.D. student focusing on industrial organization, applied microeconomics, and behavioral economics
2023 BB90 Recipient

The multitude of online banking tools should make the composition of optimal savings portfolios easier than ever before. Matteo Saccarola will survey Costa Rican households to determine the effect of different communication strategies on exchange rate expectations, with implications for unconventional policy tools such as information provision and behavioral nudges.

Benjamin Schoefer

Assistant professor of economics
2024 BB90 Recipient

There is a belief in economics that tight labor markets lead to quicker wage growth for low-income workers. Jesse Rothstein and Benjamin Schoefer seek to create a stronger understanding of this issue by studying the long-term causal effects of labor market tightness on a diverse group of macroeconomic events.

Laura Waring

Ph.D. student focusing on macroeconomics and behavioral economics
2024 BB90 Recipient

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.

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 inequality. Venance...

Anders Yding

Ph.D. student focusing on macroeconomics and public finance
2023 BB90 Recipient

Several central banks have recently introduced negative interest rates for the first time, raising a key question about the effectiveness of this policy. Anders Yding will evaluate how strongly negative interest rates are passed through to financial institutions’ deposit and lending rates.