Gadi Barlevy

Executive Vice President and Director of Research

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Gadi Barlevy

About

Gadi Barlevy is executive vice president and director of research at the Federal Reserve Bank of Chicago. He leads the department that conducts research on macroeconomics, microeconomics, regional economics, financial economics and financial markets that provides analytic support for monetary policymaking. His portfolio includes research, policy analysis, and public engagement efforts.

Barlevy joined the bank as a senior economist and economic advisor in 2003, after working as an assistant professor of economics at Northwestern University. His research has spanned a variety of areas including business cycle fluctuations, economic growth, information economics, labor economics, and asset bubbles. His research has appeared in the American Economic Review, the Review of Economic Studies, the Journal of Economic Perspectives, the Review of Economic Dynamics, the European Economic Review, the Journal of Economic Theory, the Journal of Labor Economics, the Journal of Monetary Economics and the Journal of Applied Probability. He also has a book on asset bubbles published by MIT Press.

Barlevy previously served as co-editor at Theoretical Economics and the Review of Economic Dynamics, and as an associate editor at Theoretical Economics, the Journal of Economic Theory, and the European Economic Review. He was also a visiting faculty at Tel Aviv University, the Kellogg School of Management, and the University of Wisconsin School of Business.

Barlevy received a B.A. in economics from the University of California at Berkeley and a Ph.D. in economics from Harvard University.

Bank Publications

Recent Publications

Gadi Barlevy | Economic Perspectives | 2025 | No. 3 | December Download

Economic Perspectives

Gadi Barlevy | 2025 | No. 3 | December Download
Gadi Barlevy | 2022 | No. 3 | July Download
Gadi Barlevy | 2018 | Vol. 42 | No. 4 | August Download
Gadi Barlevy | 2015 | Vol. 39 | 2nd Quarter Download
Gadi Barlevy | 2011 | Vol. 35 | No. 3 | 3rd Quarter Download
Gadi Barlevy | 2009 | Vol. 33 | 2nd Quarter Download
Gadi Barlevy | 2007 | Vol. 31 | 3rd Quarter Download
Gadi Barlevy | 2005 | Vol. 29 | No. 1 | February Download

Chicago Fed Letter

Gadi Barlevy, Luojia Hu | 2023 | No. 477 | March Download
Gadi Barlevy, Jonas D. M. Fisher, May Tysinger | 2021 | No. 458 | July Download
Gadi Barlevy, Jonas D. M. Fisher | 2020 | No. 439 | May Download
Gadi Barlevy | 2005 | No. 220 | November Download

Working papers

Working Papers

Gadi Barlevy, Inês Xavier | 2025 | No. 2025-05 | March Download
Gadi Barlevy, Jason Faberman, Bart Hobijn, Ayşegül Şahin | 2023 | No. 2023-38 | October Download
Franklin Allen, Gadi Barlevy, Douglas Gale | 2023 | No. 2023-25 | July Download
Gadi Barlevy | 2022 | No. 2022-35 | August Download
Gadi Barlevy, Daniel Bird, Daniel Fershtman, David Weiss | 2022 | No. 2022-14 | May Download
Franklin Allen, Gadi Barlevy, Douglas Gale | 2017 | No. 2017-16 Download
Fernando Alvarez, Gadi Barlevy | 2014 | No. 2014-04 | April Download
Gadi Barlevy | 2010 | No. 2010-04 | June Download
Gadi Barlevy, Derek Neal | 2009 | No. 2009-09 | October Download
Gadi Barlevy | 2008 | No. 2008-01 | January Download
Gadi Barlevy, Pietro Veronesi | 2007 | No. 2007-06 | June Download
Gadi Barlevy, H. N. Nagaraja | 2006 | No. 2006-03 | April Download
Gadi Barlevy, Daniel Tsiddon | 2004 | No. 2004-08 Download

Selected External Publications

Acceptances in Academic Journals and Books

Barlevy, Gadi, Jason Faberman, Bart Hobijn, and Ayşegül Şahin, 2024, “The shifting reasons for Beveridge curve shifts,” Journal of Economic Perspectives, Vol. 38, No. 2, Spring, pp. 83-106. 20240301060000
Barlevy, Gadi, Daniel Bird, Daniel Fershtman, and David Weiss, 2024, “Money under the mattress: Inflation and lending of last resort,” Journal of Economic Theory, Vol. 217, 105804, April. 20240401050000
Allen, Franklin, Gadi Barlevy, and Douglas Gale, 2022, “Asset price booms and macroeconomic policy: A risk-shifting approach,” American Economic Journal: Macroeconomics, Vol. 14, No. 2, April, pp. 243–280, (accepted November 23, 2020). 20220401050000
Alvarez, Fernando, and Gadi Barlevy, 2021, “Mandatory disclosure and financial contagion,” Journal of Economic Theory, Vol. 194, 105237, June. 20210601050000
Barlevy, Gadi, and Jonas D. M. Fisher, 2021, “Why were interest-only mortgages so popular during the U.S. housing boom?,” Review of Economic Dynamics, Vol. 41, July, pp. 205–224, (accepted June 6, 2020). 20210701050000
Barlevy, Gadi, and Derek Neal, 2019, “Allocating effort and talent in professional labor markets,” Journal of Labor Economics, Vol. 37, No. 1, January, (accepted October 2017). 20190101060000
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