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Photo of Andrea Raffo

Andrea Raffo

Deputy Associate Director Program Direction Section International Finance
202-452-3733
andrea.raffo@frb.gov

Education

  • Ph.D., Economics, University of California - Los Angeles, 2005
  • M.A., Economics, Bocconi University, 2000
  • B.A., Economics, Bocconi University, 1999
Current Research Topics
  • International Business Cycles, Macroeconomic
  • Effects of Labor and Trade Policies
  • Deputy Associate Director

    Board of Governors of the Federal Reserve System

    2019 - present
  • Assistant Director and Chief, Global Modeling Studies Section

    Board of Governors of the Federal Reserve System

    2018 - 2019
  • Chief, Global Modeling Studies Section

    Board of Governors of the Federal Reserve System

    2015 - 2018
  • Project Manager, Euro Area

    Board of Governors of the Federal Reserve System

    2014 - 2015
  • Adjunct Professor

    Johns Hopkins University

    2013
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2012 - 2014
  • Economist

    Board of Governors of the Federal Reserve System

    2007 - 2012
  • Economist

    Federal Reserve Bank of Kansas City

    2005 - 2007
  • Dissertation Intern

    Federal Reserve Bank of Atlanta

    2004
  • Summer Intern

    Italian Embassy, Washington D.C.

    1999
  • Caldara, Dario, Matteo Iacoviello, Patrick Molligo, Andrea Prestipino, and Andrea Raffo (2020). "The Economic Effects of Trade Policy Uncertainty," Journal of Monetary Economics, vol. 109, pp. 38-59.
  • Caldara, Dario, Matteo Iacoviello, Patrick Molligo, Andrea Prestipino, and Andrea Raffo (2019). "Does Trade Policy Uncertainty Affect Global Economic Activity?," FEDS Notes 2019-09-04. Board of Governors of the Federal Reserve System (U.S.).
  • Erceg, Christopher, Andrea Prestipino, and Andrea Raffo (2018). "The Macroeconomic Effects of Trade Policy," International Finance Discussion Papers 1242. Board of Governors of the Federal Reserve System (U.S.).
  • Cuba-Borda, Pablo, Alexander Mechanick, and Andrea Raffo (2018). "Monitoring the World Economy: A Global Conditions Index," IFDP Notes 2018-06-15. Board of Governors of the Federal Reserve System (U.S.).
  • Eggertsson, Gauti, Andrea Ferrero, and Andrea Raffo (2014). "Can Structural Reforms Help Europe?" Journal of Monetary Economics, vol. 61, pp. 2-22.
  • Ohanian, Lee E., and Andrea Raffo (2012). "Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles," Journal of Monetary Economics, vol. 59, no. 1, pp. 40-56.
  • Raffo, Andrea (2010). "Technology Shocks: Novel Implications for International Business Cycles," International Finance Discussion Papers 992. Board of Governors of the Federal Reserve System (U.S.).
  • Raffo, Andrea (2008). "Net Exports, Consumption Volatility and International Business Cycle Models," Journal of International Economics, vol. 75, no. 1, pp. 14-29.
  • Ohanian, Lee, Andrea Raffo, and Richard Rogerson (2008). "Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries 1956-2004," Journal of Monetary Economics, vol. 55, no. 8, pp. 1353-1362.
  • Ohanian, Lee, Andrea Raffo, and Richard Rogerson (2007). "Work and Taxes: Allocation of Time in OECD Countries," Federal Reserve Bank of Kansas City Economic Review, vol. 92, no. 3, pp. 37-58.
  • Raffo, Andrea (2005). "Essays in International Business Cycles," Ph.D. dissertation, University of California, Los Angeles.
Awards
  • 2017

    Federal Reserve Board

    Special Achievement Award

  • 2010

    International Economic Review

    Excellence in Refereeing Award

  • 2007

    Federal Reserve Bank, Kansas City

    President's Award for Excellence

Referee
  • American Economic Review
  • American Economic Journal: Macroeconomics
  • B.E. Journal of Macroeconomics
  • Economic Bulletin
  • Economic Journal
  • Economic Letters
  • European Economic Review
  • International Economic Review
  • International Journal of Central Banking
  • Journal of Economic Dynamics and Control
  • Journal of European Economic Association
  • Journal of Economic Theory
  • Journal of International Economics
  • Journal of International Money and Finance
  • Journal of Macroeconomics
  • Journal of Monetary Economics
  • Journal of Money, Credit, and Banking
  • Journal of Public Economics
  • Labour Economics
  • Macroeconomic Dynamics
  • Oxford Economic Papers
  • Review of Economic Dynamics
  • Review of Economic Studies
  • Scandinavian Journal of Economics
  • The Manchester School
Professional Affiliation
  • American Economic Association
  • European Economic Association
Last update: September 14, 2020