Week 1

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Fernando Alvarez holds the Saieh Family Professor of the Kenneth C. Griffin Economics Department of the University of Chicago.  His main area of research interest is macroeconomics, including asset pricing, labor economics, and monetary economics. Within these areas he has extensively worked on the effects of monetary policy on the liquidity effect on interest rates, the determination of risk premium on asset prices, household money demand and choice of means of payments, and the effect of nominal rigidities on price setting, among others.

Fernando Alvarez is an Econometric Society Fellow, an Economic Theory Fellow, a Research Associate of the National Bureau of Economic Research, and a member of the American Academy of Arts & Sciences. He served as editor of the Journal of Political Economy. He has received grants from the National Science Foundation, the Goldman Sachs Global Market Institute (as fellow), the European Research Council, the Fondation Banque de France, the Alfred P. Sloan Foundation (as fellow), and the Tinker Foundation.  He has been a Visiting Scholar at the EIEF (Enaudi Institute of Economics and Finance), at the Research Department of the European Central Bank (as the Wim Duisenberg Fellow) and the Bank of International Settlement (as the Lamfalussy fellow); a consultant at the Research Departments of the Federal Reserve of Minneapolis, the Federal Reserve Bank of Chicago, and the Federal Reserve Bank of Philadelphia; and a Visiting Researcher advisor the Board of Directors of the Argentine Central Bank.

Fernando has taught in the Finance Department of the Wharton School of the University of Pennsylvania. He has given short doctoral, post-doctoral and professional courses at the Toulouse School of Economics, the Cowles's Foundation for Research in Economics at Yale University, the International Monetary Fund, the European Central Bank, the House of Finance at Goethe University, and the Swiss National Doctoral Program.

Website: Fernando Alvarez


Week 2

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Leonardo Melosi is Executive Director of the Center for Applied Macroeconomic Research of the Federal Reserve of Chicago. In that position, Melosi conducts research and analysis on macroeconomics and applied econometrics and coordinates the development of macroeconomic models to inform policy decisions. Before joining the Fed as an economist in 2012, he served as an assistant professor at the London Business School. He has also been a visiting scholar at Northwestern University and Columbia University. He is a Houblon-Norman Fellow at the Bank of England. 

Melosi’s research has been published in the American Economic Review, the Review of Economic Studies, the Review of Economics and Statistics, American Economic Journal: Macroeconomics, Journal of Econometrics, International Economic Review and the NBER Macroeconomics Annual. Melosi received a B.A. in economics from the LUISS University, Rome (Italy), an M.Sc. in international economics from the Graduate Institute of International and Development Studies, Geneva (Switzerland) and an M.A. and a Ph.D. in economics from University of Pennsylvania.

Website: Leonardo Melosi


Week 3

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Christian Bayer is a macroeconomist who obtained his doctoral degree from Dortmund University in 2004. Four years later, after holding positions at the European University Institute in Florence and at Bocconi University in Milan, he became full professor at Bonn University in 2008. Christian is a member of Board of Academic Advisors at the Federal Ministry of Economic Affairs in Germany and has advised the German government on its relief packages in the 2022/23 energy crisis. His research has been sponsored by two ERC grants.

His work focuses on macroeconomics with heterogeneous agents. In particular, he has worked on the macroeconomic implications of financial frictions and uncertainty on investment, firm dynamics, households' consumption-savings and portfolio choices, and inequality. His work ranges from empirical, over applied theory to methodological contributions and has been published in leading economics journals, e.g. in the American Economic Review, Econometrica, and the Journal of Monetary Economics. He has been awarded the Heinrich-Hermann Gossen award of the German Economic Association in 2022.

Website: Christian Bayer