Francesco Bianchi

Associate Professor of Economics

External Address: 
201B Social Sciences, Durham, NC 27708
Internal Office Address: 
Box 90097
Phone: 
(919) 660-1828

Currently, Bianchi’s main research interests involve the role of agents’ beliefs in explaining changes in the reduced form properties of the macroeconomy. Bianchi has also done work on the interaction between the real economy and the term structure of interest rates and on the role of rare events in shaping agents’ expectations.

He is on leave for Spring Semester 2017.

Education

  • Ph.D., Princeton University 2009
  • M.A., Princeton University 2007
  • B.A., Bocconi University (Italy) 2003

Bianchi, F, and Melosi, L. "Escaping the Great Recession." American Economic Review 107, no. 4 (April 2017): 1030-1058. Full Text Open Access Copy

Bianchi, F, and Melosi, L. "Constrained Discretion and Central Bank Transparency." Review of Economics and Statistics (January 18, 2017). Full Text Open Access Copy

Bianchi, F, Lettau, M, and Ludvigson, SC. "Monetary Policy and Asset Valuation: Evidence from a Markov-Switching Cay." (August 2016).

Bianchi, F, and Melosi, L. "Modeling the Evolution of Expectations and Uncertainty in General Equilibrium." International Economic Review 57, no. 2 (May 2016): 717-756. (Working Paper) Full Text Open Access Copy

Bianchi, F. "Methods for measuring expectations and uncertainty in Markov-switching models." Journal of Econometrics 190, no. 1 (January 2016): 79-99. Full Text

Bianchi, F, and Civelli, A. "Globalization and inflation: Evidence from a time-varying VAR." Review of Economic Dynamics 18, no. 2 (April 2015): 406-433. Full Text

Razin, A, and Bianchi, F. "Review of “understanding global crises”." Israel Economic Review 12, no. 2 (January 1, 2015): 157-162.

Bianchi, F, and Melosi, L. "Dormant Shocks and Fiscal Virtue." NBER Macroeconomics Annual 28, no. 1 (January 2014): 1-46. (Working Paper) Full Text Open Access Copy

Bianchi, F. "Regime Switches, Agents' Beliefs, and Post-World War II U.S. Macroeconomic Dynamics." REVIEW OF ECONOMIC STUDIES 80, no. 2 (April 2013): 463-490. (Working Paper) Full Text Open Access Copy

Bianchi, F. "Evolving monetary/fiscal policy mix in the United States." American Economic Review 102, no. 3 (2012): 167-172. Full Text

Pages

Bianchi, F. "Rare Events, Financial Crises, and the Cross-Section of Asset Returns." Economics Research Initiatives at Duke (ERID) Working Paper, no. 41 (March 1, 2015). (Working Paper)

Bianchi, F, and Kung, H. "Growth, Slowdowns, and Recoveries." Economic Research Initiatives at Duke (ERID) Working Paper, no. 184 (November 1, 2014). Open Access Copy

Bianchi, F, and Ilut, CL. "Monetary/Fiscal Policy Mix and Agents’ Beliefs." Economic Research Initiatives at Duke (ERID) Working Paper, no. 119 (May 1, 2014). (Working Paper) Open Access Copy

Bianchi, F, Ilut, CL, and Schneider, M. "Uncertainty Shocks, Asset Supply and Pricing Over the Business Cycle." (May 2014). (Working Paper)

Bianchi, F, Mumtaz, H, and Surico, P. "Dynamics of the Term Structure of UK Interest Rates." Economics Research Initiatives at Duke (ERID) Working Paper, no. 39 (March 1, 2009). (Working Paper)

Modeling the Evolution of Agents' Beliefs and Uncertainty in General Equilibrium Models awarded by National Science Foundation (Principal Investigator). 2012 to 2016