Francesco Bianchi

Francesco Bianchi

Associate Professor of Economics

External Address: 
242 Social Sciences Bldg, Box 900097, Durham, NC 27708
Internal Office Address: 
Box 90097, Durham, NC 27708-0097
(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.


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

Bianchi, F., and A. Civelli. “Globalization and inflation: Evidence from a time-varying VAR.” Review of Economic Dynamics 18, no. 2 (January 1, 2015): 406–33. Full Text

Razin, A., and F. Bianchi. “Review of “understanding global crises”.” Israel Economic Review 12, no. 2 (January 1, 2015): 157–62.

Bianchi, F., and L. Melosi. “Dormant Shocks and Fiscal Virtue.” Nber Macroeconomics Annual 28, no. 1 (January 2014): 1–46. Full Text Open Access Copy

Bianchi, F. “Evolving monetary/fiscal policy mix in the United States.” American Economic Review 102, no. 3 (July 5, 2012): 167–72. Full Text

Bianchi, F., H. Mumtaz, and P. Surico. “The great moderation of the term structure of UK interest rates.” Journal of Monetary Economics 56, no. 6 (September 1, 2009): 856–71. Full Text