Francesco Bianchi

Francesco Bianchi

Associate Professor of Economics

External Address: 
242 Social Sciences Bldg, Durham, NC 27708
Internal Office Address: 
Box 90097, Durham, NC 27708-0097
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.

Education

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

Bianchi, F., and L. Melosi. “The dire effects of the lack of monetary and fiscal coordination.” Journal of Monetary Economics 104 (June 1, 2019): 1–22. https://doi.org/10.1016/j.jmoneco.2018.09.001. Full Text

Bianchi, Francesco, and Leonardo Melosi. “Constrained Discretion and Central Bank Transparency.” The Review of Economics and Statistics 100, no. 1 (March 2018): 187–202. https://doi.org/10.1162/rest_a_00659. Full Text Open Access Copy

Bianchi, Francesco, and Leonardo Melosi. “Constrained Discretion and Central Bank Transparency.” Review of Economics and Statistics 100, no. 1 (March 2018): 187–202.

Bianchi, Francesco, Martin Lettau, and Sydney C. Ludvigson. “Monetary Policy and Asset Valuation,” January 2018.

Bianchi, Francesco, Martin Lettau, and Sydney C. Ludvigson. “Monetary Policy and Asset Valuation,” September 2017. Open Access Copy

Bianchi, Francesco, and Leonardo Melosi. “The Dire Effects of the Lack of Monetary and Fiscal Coordination,” July 6, 2017. Open Access Copy

Bianchi, F., and L. Melosi. “Escaping the great recession.” American Economic Review 107, no. 4 (April 1, 2017): 1030–58. https://doi.org/10.1257/aer.20160186. Full Text Open Access Copy

Bianchi, Francesco, Martin Lettau, and Sydney C. Ludvigson. “Monetary Policy and Asset Valuation: Evidence from a Markov-Switching Cay,” August 2016.

Bianchi, F., and L. Melosi. “Modeling the Evolution of Expectations and Uncertainty in General Equilibrium.” International Economic Review 57, no. 2 (May 2016): 717–56. https://doi.org/10.1111/iere.12174. Full Text Open Access Copy

Pages

Bianchi, F., H. Kung, and G. Morales. “Growth, slowdowns, and recoveries.” Journal of Monetary Economics, January 1, 2019. https://doi.org/10.1016/j.jmoneco.2018.07.001. Full Text Open Access Copy

Bianchi, F. “Rare Events, Financial Crises, and the Cross-Section of Asset Returns.” Economics Research Initiatives at Duke (Erid) Working Paper, March 1, 2015.

Bianchi, F., and C. L. Ilut. “Monetary/Fiscal Policy Mix and Agents’ Beliefs.” Economic Research Initiatives at Duke (Erid) Working Paper, May 1, 2014.

Bianchi, F., C. L. Ilut, and M. Schneider. “Uncertainty Shocks, Asset Supply and Pricing Over the Business Cycle,” May 2014.

Bianchi, F., H. Mumtaz, and P. Surico. “Dynamics of the Term Structure of UK Interest Rates.” Economics Research Initiatives at Duke (Erid) Working Paper, March 1, 2009.

Selected Grants

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