Email: andrea.ajello [at]
Mailing address:

Board of Governors of the Federal Reserve System,

Division of Monetary Affairs, Monetary Studies - MS 76

20th & Constitution Ave. NW
Washington DC, 20551

I am an Economist at the Board of Governors of the Federal Reserve System in the Monetary Studies Unit, division of Monetary Affairs.

Here you can find my official webpage at the Board.

My primary research fields are Macroeconomics, Financial Economics and Applied Econometrics.

Recent Activity

April 2015

Ben Bernanke reviews our work on financial stability and optimal interest-rate policy on his blog.

March 2015

Presented new work on Financial Stability and Optimal Interest-Rate Policy at the annual San Francisco Fed Macroeconomic Conference "The New Normal for Monetary Policy".

February 2015

New Paper Available. Comments are welcome!

Financial Stability and Optimal Interest-Rate Policy, with Thomas Laubach, David López-Salido and Taisuke Nakata

August 2014

'Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations', second revision requested at the American Economic Review.

July 2013

Core and Crust': Consumer Prices and the Term Structure of Interest Rates was presented at the NBER Summer Institute (Asset Pricing meeting) in Cambridge, MA.

         Last update: April 2015