Alessandro Rebucci is a professor in the research track, holding a joint appointment with the Economics Department of the Krieger School of Art and Science. Professor Rebucci is a NBER faculty research fellow in the International Finance and Macroeconomics Program, a CEPR research fellow in the International Macroeconomics and Finance Programme, and an ABFER fellow. He is also affiliated with the Center for Urban & Real Estate Management and Globalization of Real Estate Network at the University of Zurich and the Centre for Applied Financial Economics at the University of Southern California.
Professor Rebucci is associate editor for the Journal of Money, Credit and Banking, the Journal of Banking of Finance, and the Journal of International Money and Finance. He has had visiting scholar positions at the Federal Reserve Bank of New York, the Federal Reserve Bank of San Francisco, the Central Bank of Finland and Brazil, and the IMF Research Department. Before joining Carey, Professor Rebucci held research and policy positions at the Inter-American Development Bank from 2008 to 2013 and the International Monetary Fund from 1998 to 2008.
Education
- PhD, Economics, Queen Mary College, University of London
- MS, Economics, Bocconi University
- Laurea in Economic and Social Sciences, Bocconi University
Research
Selected publications
- 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.
- Financial Crises and Macro-Prudential Policies (with G. Benigno, C. Otrok, E. R. Young, and H. Chen), Journal of International Economics, Vol. 89 No. 2, pp. 453-470, 2013.
- News Shocks and Asset Price Volatility in General Equilibrium (with A. Matsumoto, P. Cova, and M. Pisani), Journal Economic Dynamics and Control, Vol 35, No. 12, pp 2132-2149, 2011.
Working papers
- Dollar Reserves and U.S. Yields: Identifying the Price Impact of Official Flows (with Rashad Ahmed), Revise and Resubmit, Journal of International Economics.
- Optimal Policy for Macro-Financial Stability (with G. Benigno, H. Chen, C. Otrok, and E. R. Young), Conditionally Accepted, AEAJ: Macroeconomics.
- Estimating Models of Financial Crises: An Endogenous Regime Switching Approach (with G. Benigno, A. Foerster, and C. Otrok), Quantitative Economics, revise and resubmit.
- COVID-19 Stay-Home Orders: Direct and Spillover Effects from Staggered U.S. County Adoption (with V. Elenev, L. Quintero, and E. Simeonova), Management Science, reject and resubmit.
Teaching
Current
- The Firm and Macroeconomy
- Global Perspective in Real Estate
- International Finance
- Financial Institutions
Impact and engagement
Business
- Euromoney Country Risk, Expert, 2020-22
Honors and Distinctions
- Associate Editor, Journal of Money, Credit and Banking, 2020-present
- Associate Editor, Journal of Banking of Finance, 2020-present
- Associate Editor, Journal of International Money and Finance, 2018-present
- Associate Editor, Economia, The Journal of the Latin American and Caribbean Economic Association-LACEA, 2016-2020
- Catalyst Research Grant, Johns Hopkins University, 2018-20
- Dean's Award, Johns Hopkins Carey Business School, 2017-2019
- Young Leader Award, Council for the United States and Italy, 2005
- Euromoney Country Risk, Expert, 2020-22
- Advisor, IMF Independent Evaluation Office, Unconventional Monetary Policies and Housing Markets, 2018
- Board Member, Finance Committee, McLean School, Potomac MD, 2017-2020
- Member, Faculty Budget Advisory Committee, Johns Hopkins University, 2016-2019
- Consultant, Boston Consulting Group, 2016
- Advisor, World Economic Forum Advisory Committee on Emerging Horizons in Real Estate, 2015
- Member, International Monetary Fund Advisory Committee on Housing and Housing Finance, 2014
- Principal Economist, Inter-American Development Bank, 2012-2013
- Chief Economist for the Caribbean Region, Inter-American Development Bank, 2010-2011
- Lead Economist, Inter-American Development Bank, 2008-2012
- Senior Economist, International Monetary Fund, 2006-2008
- Economist, International Monetary Fund, Research Department,1998-2006
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