Robert and Susan Finocchio Endowed Chair
Professor of Economics, Department of Economics 
Leavey School of Business, Santa Clara University

Research Associate, National Bureau of Economic Research (NBER)
Research Fellow, Centre for Economic Policy Research (CEPR)
Research Fellow, CESifo
Research Associate, Centre for the Competitive Advantage of the Global Economy (CAGE)

Research Updates

Contact Information

Office: 321E Lucas Hall
Phone: (408) 554-4340
Fax: (408) 554-2331 

Mailing Address:
Leavey School of Business
Department of Economics
Santa Clara University
500 El Camino Real
Santa Clara, CA

  • My paper "Systemic Risk and the Great Depression" (with Sanjiv Das and Angela Vossmeyer) won the Best Paper Award at the Western Finance Association's Annual Conference.
  • My paper Network Contagion and Interbank Amplification during the Great Depression (with Gary Richardson) is the lead article in the April issue of the Journal of Political Economy
  • Read general interest summaries on my recent working papers, both of which are getting a great response from VOX readers: Bank Networks and Systemic Risk in the Great Depression (110,000 reads in three weeks) and Public Debt through the Ages (more than 28,000 reads in one week).
  • I will be presenting research on samurai bonds and banks, and the transition from feudal to Meiji Japan at National University of Singapore in April.
  • I will be a featured speaker at the upcoming conference on "Risk, Disaster and Crisis in Historical Perspective," which will take place in May at the Institute for Advanced Study in Toulouse, France. 
  • I will be presenting research on causal estimates of monetary policy and external demand shocks at the Board of Governors of the Federal Reserve System Research Conference in May.
  • I will be giving a keynote address on Long Term Perspectives on the Eurozone Debt Crisis to the House of Finance and Goethe Universität on May 17th in Frankfurt, Germany. 
  • My new working paper Public Debt through the Ages (with Barry Eichengreen, Asmaa El-Ganainy, and Rui Pedro Esteves) is now available.
  • My new working paper Systemic Risk and the Great Depression (with Sanjiv Das and Angela Vossmeyer) is now available here.
  • I'll be presenting research on causally estimating the effects of monetary policy shocks and external demand shocks in Utah this February.
  • I delivered a keynote address on the interwar economy at the London School of Economics in December.
  • I presented my new research on measuring systemic risk at the Bank of England in December.
FALL 2018
  • I delivered an address on research and publishing in economic history at the Asian Historical Economics Conference's plenary session in Hong Kong in September.
  • My co-authors and I presented new research entitled, "Public debt through the Ages" at the IMF's conference on Sovereign Debt in mid-September.
  • I will be presenting new research on the Causal Effects of Countercyclical Monetary Policy Shocks at the Bank of Italy-CEPR conference and on the "Contagion of Fear" at the Université libre de Bruxelles in June.
  • I will be presenting research on systemic risk during the Great Depression at the NBER Summer Institute in July.
  • Read my new working paper explaining how fiscal policy uncertainty explains post-WWI European inflation dynamics and why some countries tipped into hyperinflation.
  • I will be presenting new research on the "Contagion of Fear" during the Great Depression at the Cleveland Federal Reserve in May.
  • I visited the Paris School of Economics in April where I presented my research on samurai bonds and banks, and the transition from feudal to Meiji Japan.
  • I'll be discussing an interesting paper on economic shocks and political unrest in 1930's China by Braggion, Manconi, and Zhu at the University of Chicago's Political Economy of Finance conference in May.
  • Here's my recent take on the state of economic history in China. It is the introduction to the a special issue of Explorations in Economic History, which I co-edited with Debin Ma (my co-author on this piece). There are five wonderful articles in this special issue that reflect the frontier of research in Chinese economic history. Please visit the journal's website if you want to read them.