​Curriculum vitae
​Download CV

Professional Experience

Federal Reserve Bank of Chicago, Senior Economist & Economic Advisor, 
Head of Insurance Initiative                                                                               Nov 2020 -
Northwestern University, Center for Economic History, Affiliate                  May 2020- 
Federal Reserve Bank of Chicago, Senior Economist                                      Aug 2019 - Oct 2020​
​Federal Reserve Board, Principal Economist                                                   Nov 2016 – Jul 2019​
Federal Reserve Board, Senior Economist                                                       Oct 2015 - Oct 2016​
Visiting Researcher, LSE Center for Economic Performance                        Oct 2015 - Jan 201​6 
Federal Reserve Board, Economist ​                                                                  Aug 2010 - Sep 2015​

Teaching Experience

Adjunct Professor of Finance, University of Illinois, Urbana-Champaign   Winter 2022 -
Northwestern University, Lecturer                                                                  Spring 2020
German National Academic Foundation Summer School                              Fall 2018

Education

Ph.D., Economics, Northwestern University, 2010
M.A., Economics, Northwestern University, 2005
Diplom, Economics, University of Mannheim, Germany, 2004 

Research Interests

Financial Economics, Macroeconomics, Economic History 

Fellowships and Rewards

- President's Award for Excellence, Federal Reserve Bank of Chicago 2020
- Best Paper Prize at the 6th ​International Finance and Banking Society Conference (​The Real  Effects of Credit Line Drawdowns​) 2014
- Northwestern University Dissertation Writing Fellowship 2009-­10
- Distinguished Teaching Assistant Award (Department of Economics) 2006, 2008, 2009
- BCICS Travel Grant, Northwestern University 2006
- Northwestern University Graduate School Supplementary Fellowship 2004-­2008
- Northwestern University Summer Stipend 2004-2008
- German National Academic Foundation Fellowship 2000-­2004 

Media

My work with Joel Mokyr on British inventors was referenced in the Financial Times, November 9m 2023 [link]
Hutchins Roundup (April 6, 2023) features my paper on climate risk [link]
Pocket Animals, episode 148-Plague History, a podcast by Shaul Amstradamsky (in Hebrew) discusses my work on "Public Good Institutions, Human Capital and Growth" with Jeremiah Dittmar [link]
"Shadow Banks Come Into the Light in Global Lending" Wall Street Journal, January 23, 2020, discusses my work on "The Rise of Shadow Banking" with Rus Irani, Raj Iyer, and Jose-Luis Peydro [link]
"From credit risk to pipeline risk: Why loan syndication is a risky business" VoxEU.org (with Max Bruche and Frederic Malherbe), September 11, 2017. [link], discussed in the Wall Street Journal [link] 
"Short-term markets keep car sales moving" Chicago Booth Review, November 20, 2016  features my work Efraim Benmelech and Rodney Ramcharan. [link]
"Real Effects of Liquidity during the Financial Crisis" The July 2016 NBER Digest features my work Efraim Benmelech and Rodney Ramcharan. [link]
"Impact of the ‘great bailout’: Evidence from car sales" VoxEU.org (with Efraim Benmelech and Rodney Ramcharan), June 11, 2016. [link], also published at the World Economic Forum. [link]
"It's a developing story" by Kevin Lewis, National Affairs Blog, May, 23, 2016 features my work with Jeremiah Dittmar. [link]
"The origins of growth: How states institutions forged during the Protestant Reformation drove development" VoxEU.org (with Jeremiah Dittmar), April 26, 2016. [link]
"Why Banks And Investors Don't Like Lines Of Credit" by Marc Prosser, Forbes, references my work on credit lines with Jose Berrospide, Mar 6, 2016. [link]
"The Tweaker" by Malcolm Gladwell, The New Yorker, November 14, 2011 cites my work with Joel Mokyr on the British Industrial Revolution. [link]
"Is there a tweaker driving innovation on your team" by Leslie Brokaw, MIT Sloan Management Review, Jan 4, 2012 also builds on our work. [link]
"The Secret of Innovation: The Best Ideas are Small" Derek Thompson, The Atlantic, November 2011. [link]
“Is education policy innovation policy?” VoxEU.org (with Joel Mokyr), June 13th, 2011. [link]
Editorial Service
Editor in Chief
Explorations in Economic History: July 2022 - 
​​
Editorial Board
Explorations in Economic History: Jan 2020-June 2022

Committee and Referee Work

Conference Organizer
Wealth and Income Inequality around the World, Exploration in Economic History Special Issue Workshop 2023 (Federal Reserve Bank of Chicago)  
Workshop on Non-bank Financial Institutions 2023 (Federal Reserve Bank of Chicago)
Federal Reserve Stress Testing Research Conference 2020 (Federal Reserve Bank of Boston)
Workshop on Monetary and Financial History 2020 (Federal Reserve Bank of Chicago)
Workshop on Monetary and Financial History 2019 (Federal Reserve Board)

Program Committee
Economic History Association Meeting 2018 (chair)

Scientific Committee
Western Finance Association Meeting 2024, Financial Intermediation Research Society Meeting 2019, 2022, 2023, 2024, BIS-CEPR-SCG-SFI Conference on Financial Intermediation 2024, Midwest Finance Association Meeting 2024, 6th Bristol Banking Workshop, Financial Management Association Meeting  2016, 2019, IFABS 2017, German Finance Association Meeting 2016, 2017, 2022, 

Referee
Quarterly Journal of Economics, American Economic Review, Journal of Political Economy, Review of Economic Studies, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Monetary Economics, Journal of the European Economic Association, Journal of Economic Growth, Journal of International Economics, Journal of Urban Economics, Journal of Financial and Quantitative Analysis, Management Science, Economic Journal, Review of Finance, Journal of Economic History, Explorations in Economic History, IMF Economic Review, Journal of Money, Credit and Banking, Financial Review, International Journal of Central Banking, Journal of Empirical Finance, Macroeconomic Dynamics, Journal of Banking and Finance, Journal of Macroeconomics, Review of Industrial Organization, Economic Inquiry, Empirical Economics, Scottish Journal of Political Economy, Swiss National Science Foundation, Hongkong University Grants Committee (UGC), University of Chicago Press.

Presentations

2023:
- Humboldt University Berlin
- Goethe University Frankfurt
- University of Mannheim
- Credit Day (Copenhagen Business School)
- Richmond FED
- Society of the Advancement of Economic Theory
- 2023 World Clio Meeting
- Fighting a Financial Crisis Conference (Yale SOM)
- European Finance Association Meeting
​- Economic History Association Meeting
- Board of Governors
- Federal Reserve Bank of Philadelphia
​- Yale
​- Upton Miller Forum (Beloit College)
2022:
- ASSA/AEA (IBEFA/CSQIEP)
- OCC Symposium on System Risk and Stress Testing in Banking
- Office of the Comptroller of the Currency (OCC)
- Workshop on Early Modern Science, Technology, and Institutions
- 5th Bristol Workshop on Banking and Financial Intermediation
- Federal Reserve Bank of Philadelphia
- Federal Reserve Bank of Dallas
- BI Oslo
- Norges Bank
- University of South Carolina
- Southern Economic Association Meeting​
2021:
- Federal Reserve Bank of New York
- “The rise of education in historical perspective” Workshop
​- Chicago Booth
- Northwestern University
- WEIA conference
- "Money Markets in a New Era of Central Bank Policies" conference
- 3rd CEPR Endless Summer Conference
- Verein fuer Socialpolitik
- Financial Management Association Meeting
- FDIC-JFSR 20th Annual Bank Research Conference
2020:
- AFA
- DePaul University
- Whitman SOM
- University of Mannheim
- Northwestern University
- Federal Reserve Board
- Tilburg University
- Verein fuer Socialpolitik
​- Bank of Portugal
- Bank of England
- Workshop "Frontier Research in Banking" (Norges Bank)
2019:
- Goethe University Frankfurt
​- Barcelona GSE Summer Forum
- NBER SI Capital Markets and the Economy
- European Historical Economics Society Conference
- Economic History Association Meeting
- Frankfurt School of Finance and Management
- University of Cologne
- Bundesbank
- University of Southern Denmark
- Danish National Bank
- University of Bonn
- Federal Reserve Bank of Kansas City
- Central Bank of Ireland's "Workshop on Macroprudential capital regulation: future challenges in a small open economy"
- German Economist Abroad Conference
2018:
- Auburn
- 2018 Banking Conference “New Frontiers in Banking: from Corporate Governance to Risk Management”
- Philadelphia Fed
- 1st Biennial Banca d’Italia and Bocconi University Conference on Financial Stability and Regulation
- 13th NYFED/NYU Conference on Financial Intermediation
- 2018 Fixed Income and Financial Institutions Conference
- Cass Corporate Debt Workshop
- UPF
- 2018 IJCB Conference "Ten Years after the Global Financial Crisis: What Have We Learned about Ensuring Financial Stability?" 
- Stockholm School of Economics
- Federal Reserve System Committee Meeting on Financial Institutions, Regulation, and Markets​
- Conference on the Economic History of Religion (Northwestern University)
- Federal Reserve Bank of Chicago
- BI Oslo
- ECB
- Humboldt University Berlin
2017:
- Rutgers University
- Cass Corporate Debt Workshop
- ECB
- 2017 Conference on "Banks, Systemic Risk, Measurement and Mitigation" (Rome, La Sapienza)
- CEPR Second Annual Spring Symposium in Financial Economics
- Frontiers of Finance
- Society for Institutional and Organizational Economics
- Cleveland FED
​- Dallas FED
- University of Virginia, Darden School of Business
- "Reformation at 500" at American University
- Federal Reserve System Committee Meeting on Financial Institutions, Regulation, and Markets
- German Economists Abroad Meeting
2016:
- Federal Reserve Day­-Ahead Conference on Financial Markets and Institutions
- Dutch Central Bank
- 4th CEPR Economic History Symposium
- Barcelona GSE Summer Forum
- Economic History Association Meeting
- Riksbank Workshop on "Challenges in Interconnected Financial Systems"
- American University
- Washington Mini-Workshop on Development and Economic History
- William and Mary
2015:
- Federal Reserve Day­-Ahead Conference on Financial Markets and Institutions
- 14​th ASREC conference 
- Northwestern University
- Society of Government Economists 
- European Finance Association Meeting
- European Economic Association Meeting
​- Vanderbilt University
- Boston Fed
- Hebrew University
- University of Mannheim
- George Mason University
- Federal Reserve System Committee Meeting on Financial Structure and Regulation
- 2nd​ Eurofit Workshop on Syndicated Loans
- German Economists Abroad Meeting
2014:
- BIS workshop “Systemically important financial institutions: A research agenda” (Beijing),
- FRB NY/FRB Boston Workshop on Risks of Wholesale Funding
- Federal Reserve Board
- 6​th Financial Stability Conference (Tilburg)
- FDIC
- 26th ​Australasian Finance and Banking Conference
2013:
- Northwestern University
- Royal Economic Society Meeting
- Federal Reserve System Applied Microeconomics Conference
- Dutch Central Bank
- BIS workshop “Bank regulation and liquidity risk in a global financial system” (Vienna)
- EBC-­DNB conference “The Role of Financial Intermediaries in Monetary Policy Transmission”
- FDIC
- Financial Management Meeting
- FDIC­-JFSR Banking conference
- 4​th ​CESifo conference on Macroeconomics and Survey Data
2012:
- American Economic Association Meeting
- Federal Reserve Day-­Ahead Conference on Financial Markets and Institutions
- Royal Economic Society Meeting
- University of Exeter
- Royal Holloway
- Federal Reserve System Applied Microeconomics Conference
- European Central Bank
- Bank for International Settlements
- Society for Computational Economics Meeting
- European Meeting of the Econometric Society
- Financial Management Association Meeting
- 3​rd CESifo conference on Macroeconomics and Survey Data
- University of Muenster
2011:
- University of Luxembourg
- University of Mainz
- Royal Economic Society Meeting
- BIS workshop “Challenges for regulators in the new financial landscape” (Mexico City)
- Financial Intermediation Research Society Meeting
- Reserve Bank of Australia
- Reserve Bank of New Zealand
- Conference in Honor of Joel Mokyr (Evanston, IL)
- Financial Management Association Meeting
2010:
- Chicago FED
- IMF
- Federal Reserve Board
- CREI
- University of Rochester
- NBER conference “The Rate and Direction of Inventive Activity: A New Agenda.”
2009:
- 8th EHES conference
​- NBER Pre­-Conference “The Rate and Direction of Inventive Activity: A New Agenda”
- University of Wisconsin, Milwaukee
2008:
- Third Max Planck Summer Conference on Economy and Society
2006:
- Center of International and Comparative Studies at Northwestern University

​The contents of this website are my own and should not be interpreted as reflecting the views or policies of the Federal Reserve Bank of Chicago, Board of Governors, or staff of the Federal Reserve System.

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