Fernando Alvarez

Fernando Alvarez is the Saieh Family Professor of the Kenneth C. Griffin Economics Department of the University of Chicago.

Alvarez’s main area of research interest is macroeconomics, including asset pricing, labor economics, and monetary economics as subareas of specialization. Within these areas he has worked on the effects of monetary policy on the liquidity effect on interest rates, the determination of risk premium on asset prices, household money demand and choice of means of payments, and the effect of nominal rigidities on price setting, among others.

Alvarez is an Econometric Society Fellow, an Economic Theory Fellow, a Research Associate of the National Bureau of Economic Research, and a member of the American Academy of Arts & Sciences. He has served as editor of the Journal of Political Economy, associate editor at other journals, and referee for all the top economic journals. Alvarez has received grants from the National Science Foundation, the Goldman Sachs Global Market Institute (as fellow), the European Research Council, the Fondation Banque de France, the Alfred P. Sloan Foundation (as fellow), and the Tinker Foundation. Alvarez has been a Visiting Scholar at the EIEF (Enaudi Institute of Economics and Finance), and at the Research Department of the European Central Bank (as the Wim Duisenberg Fellow); a consultant at the Research Departments of the Federal Reserve of Minneapolis, the Federal Reserve Bank of Chicago, and the Federal Reserve Bank of Philadelphia; and a Visiting Researcher advising the Board of Directors of the Argentine Central Bank.

Alvarez’s  previous academic position was in the Finance Department of the Wharton School of the University of Pennsylvania. His main teaching responsibilities at the University of Chicago are the first core macroeconomics class at the doctoral level, advance topics on monetary economics at the doctoral level, and Speculative Markets at the undergraduate level. His teaching experience includes short doctoral and post doctoral courses taught at the Toulouse School of Economics, the Cowles’s Foundation for Research in Economics at Yale University, the International Monetary Fund, the European Central Bank, the House of Finance at Goethe University, and the Swiss National Doctoral Program.