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Alessandro Villa

Senior Economist

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Alessandro Villa

About

Alessandro Villa is a senior economist in the economic research department of the Federal Reserve Bank of Chicago. His research fields are macroeconomics and financial economics. His current work focuses on financial contracting and firm dynamics, optimal policy, and heterogeneous agents.

Villa received a Ph.D. in economics from Duke University in 2021. He holds an MBA from Bocconi University and an M.Sc. in computer science and engineering from the University of Genoa.

Bank Publications

Economic Perspectives

Inequality and Shocks to Firms’ Pricing Decisions
Filippo Ferroni, Alessandro Villa | 2024 | No. 6 | November Download

Working papers

Working Papers

The Evolving Core of Usable Macroeconomics for Policymakers
Jonas D. M. Fisher, Bart Hobijn, Alessandro Villa | 2025 | No. 2025-02 | February Download
Optimal Financial Contracting and the Effects of Firm’s Size
Sandro Brusco, Giuseppe Lopomo, Eva Ropero, Alessandro Villa | 2024 | No. 2024-18 | September Download
Investment-Goods Market Power and Capital Accumulation
Fabio Bertolotti, Andrea Lanteri, Alessandro Villa | 2024 | No. 2024-13 | May Download
Mind the Gap: The Market Price of Financial Flexibility
Filippo Ippolito, Roberto Steri, Claudio Tebaldi, Alessandro Villa | 2022 | No. 2022-42 | September Download
Macro Shocks and Firm Dynamics with Oligopolistic Financial Intermediaries
Alessandro Villa | 2022 | No. 2022-41 | September Download
Government Debt Management and Inflation with Real and Nominal Bonds
Lukas Schmid, Vytautas Valaitis, Alessandro Villa | 2022 | No. 2022-28 | June Download
Optimal Procurement with Quality Concerns
Giuseppe Lopomo, Nicola Persico, Alessandro Villa | 2022 | No. 2022-21 | May Download
Capital and Labor Taxes with Costly State Contingency
Alex Clymo, Andrea Lanteri, Alessandro Villa | 2022 | No. 2022-20 | May Download
A Machine Learning Projection Method for Macro-Finance Models
Vytautas Valaitis, Alessandro Villa | 2022 | No. 2022-19 | May Download

Selected External Publications

Acceptances in Academic Journals and Books

Valaitis, Vytautas, and Alessandro Villa, 2024, “A machine learning projection method for macro-finance models,” Quantitative Economics, Vol. 15, No. 1, January, pp. 145–173. 20240101060000
Clymo, Alex, Andrea Lanteri, and Alessandro Villa, 2023, “Capital and labor taxes with costly state contingency,” Review of Economic Dynamics, Vol. 51, December, pp. 943–964. 20231201060000
Lopomo, Giuseppe, Nicola Persico, and Alessandro Villa, 2023, “Optimal procurement with quality concerns,” American Economic Review, Vol. 113, No. 6, June, pp. 1505–1529. 20230701050000

Journal Articles

"A Machine Learning Projection Method for Macro-Finance Models", Quantitative Economics, January 2024, Vol. 15, Issue 1, pp. 145-173.

"Capital and Labor Taxes with Costly State Contingency", Review of Economic Dynamics, December 2023, Vol. 51, pp. 943-964.

"Optimal Procurement with Quality Concerns", American Economic Review, June 2023, Vol. 113, No. 6, pp. 1505-19.

"Optimal Financial Contracting and the Effects of Firm's Size", RAND Journal of Economics, Summer 2021, Vol. 52, Issue 2, pp. 446-467.

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