Marco Macchiavelli is a senior fellow of research at the Bank Policy Institute, specializing in liquidity, monetary policy, and digital assets. He serves as Assistant Professor of Finance at the Isenberg School of Management (UMass Amherst), where he is also co-director of the PhD program.
Prior to joining UMass, Mr. Macchiavelli spent 7 years at the Board of Governors of the Federal Reserve in Washington, DC. There, he worked as an Economist in Monetary Affairs and Research and Statistics on matters related to monetary policy implementation and funding markets. He has also gained additional experience as consultant for the American Financial Exchange, working on credit-sensitive rates and LIBOR replacement. Mr. Macchiavelli is active in several research areas including financial intermediation, funding markets, financial regulations, financial stability, cybersecurity, and geopolitical risk. He has published in leading finance journals including the Journal of Financial Economics, the Review of Financial Studies, Management Science, and the Journal of Financial and Quantitative Analysis.
Mr. Macchiavelli received his Ph.D. in economics from Boston College and his M.A. and B.A. in economics and finance from the University of Bologna.