Contact Information
202-452-3970
thomas.d.tallarini@frb.gov

Fields of Interest
Macroeconomics
Consumption
Asset Pricing

Education
Ph.D., Economics, University of Chicago, 1996
B.A., Economics and Mathematics, University of Pennsylvania, 1990

Professional Experience
Board of Governors of the Federal Reserve System, 2004-present
Adjunct Associate Professor of Economics, Johns Hopkins University, 2007
Visiting Assistant Professor of Finance, The Wharton School, University of Pennsylvania, 2003-2004
Assistant Professor of Economics, Carnegie Mellon University, 1995-2003

Selected Publications

• ''External Habit and the Cyclicality of Expected Stock Returns'' (with Harold H. Zhang), Journal of Business, vol. 78 (May 2005), pp. 1023-48.
• ''Risk-Sensitive Real Business Cycles,'' Journal of Monetary Economics, vol. 45 (June 2000), pp. 507-32.
• ''Robust Permanent Income and Pricing'' (with Lars Peter Hansen and Thomas J. Sargent), Review of Economic Studies, vol. 66 (October 1999), pp. 873-907.