Alessandro Villa

Senior Economist

About Bank Publications Working Papers Selected External Publications

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

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.