Alessandro Rebucci is a professor of finance and economics at the Johns Hopkins Carey Business School, with a joint appointment in the Economics Department of the Krieger School of Arts and Sciences. He is an NBER Research Associate, a CEPR Research Fellow, and an ABFER Fellow. He serves as Associate Editor at the Journal of Money, Credit and Banking and the Journal of International Money and Finance, and as Advisory Board Member at the Journal of Geoeconomics. He has been a Houblon-Norman and George Fellow at the Bank of England, and a Visiting Scholar at Stanford, the Federal Reserve, the IMF, and the BIS. Before joining Hopkins, he held research and policy positions at the IMF (1998–2008) and the IDB (2008–2013). His research on international finance and macroeconomics has appeared in leading journals. He contributes to VoxEU, FT Alphaville, and FT BeyondBrics, and is an Andersen Institute Scholar and Head of Research. He is a recipient of the Young Leader Award from the Council for the United States and Italy.
Education
- PhD, Economics, Queen Mary College, University of London
- MS, Economics, Bocconi University
- Laurea in Economic and Social Sciences, Bocconi University
Research
Selected publications
Estimating Models of Financial Crises: An Endogenous Regime Switching Approach (with G. Benigno, A. Foerster, and C. Otrok), Quantitative Economics, Vol. 16, Issue 1 (2025), pp. 1-47 (Lead Article).
Dollar Reserves and US Yields: Identifying the Price Impact of Official Flows (with Rashad Ahmed), Journal of International Economics, Vol. 152, 2024.
Optimal Policy for Macro-Financial Stability (with G. Benigno, H. Chen, C. Otrok, and E. R. Young), AEJ: Macroeconomics, Vol. 15, No. 4 (2023), pp. 401-428. and drop the last three in excess of the maximum.
- Capital Flows, Real Estate, and City Cycles: Evidence from German Cities, Banks, and Firms (with P. Bednarek, D. M. te Kaat, and C. Ma), The Review of Financial Studies, Vol. 34, No. 10 (2021), pp. 5077-5134.
- Uncertainty and Economic Activity: A Multi-country Perspective (with A. Cesa-Bianchi and H. M. Pesaran), Review of Financial Studies (Lead Article), Vol. 33, No. 8, pp. 3393–3445, 2020.
- International Credit Supply Shocks, Journal of International Economics, (with A. Cesa-Bianchi and A. Ferrero), Vol. 112, pp. 219-237, 2018.
- Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective (with G. Benigno, H. Chen, C. Otrok, and E.R. Young), Journal of Monetary Economics, Vol. 84, pp. 147-165, 2016.
- Are Capital Controls Countercyclical? (with A. Fernández and M. Uribe) Journal of Monetary Economics (Lead Article), Vol. 76, pp. 1-14, 2015.
Working papers
Managing Financial Crises (previously circulated as Optimal Time-consistent Macroprudential Policy: A Comment, with G. Benigno and A. Zaretski), R&R, Journal of Political Economy.
Long-Run UIP in Emerging Markets (with S. Yagmur Toraman and Giorgio Valente), R&R, Journal of Monetary Economics.
Banking on Technology: Bank Technology Adoption and Its Effects, R&R, Management Science.
Teaching
Current
Macroeconomics and Statistics
Impact and engagement
Business
Andersen Institute for Finance and Economics Scholar and Head of Research (2025-2026).
Honors and Distinctions
Associate Editor, Journal of Money, Credit and Banking, 2020-present
Associate Editor, Journal of International Money and Finance, 2018-present
Catalyst Research Grant, Johns Hopkins University, 2018-20
In the media
- "The Russian Reserves Freeze and US Interest Rates: Side Effects and Spillbacks," Voxeu.org, November 2022
- "SWIFT Sanction on Russia: How It Works and Likely Impacts," Econfacts, March 2022
- "Economic Consequences of Covid-19: A Multi-country Analysis," Voxeu.org, October 2020
- "Credible emerging market central banks could embrace quantitative easing to fight COVID-19," Voxeu.org, June 2020