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.
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...
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...
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.
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.
