Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

Marco Macchiavelli

Ph.D. Candidate
Federal Reserve Board
Marco received his PhD in Economics from Boston College. Marco obtained both his undergraduate and master degrees in Economics from the University of Bologna, Italy. 
Marco's research interests are centered around Macro-Finance topics at both theoretical and empirical levels. His Job Market Paper tests the empirical relevance of Global Games in explaining banks' default risk during the recent financial crisis. He finds that precise information helps coordinate creditors towards a bank run. In a second project he finds evidence of political pressures on the banking system in Europe. He is also working on an open economy model that explains high consumption volatility through the procyclical value of collateral and finds empirical  evidence that ties financial development to greater consumption volatility.
Marco is a 2014 MFM Fellowship awardee.