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Marco Airaudo, PhD

Professor

Economics

Headshot of Marco Airaudo, PhD, Professor of Economics sitting in chair in front of window
Contact:
215.895.6982
ma639@drexel.edu

Gerri C. LeBow Hall 1019

Areas of Expertise

  • Macroeconomics and Monetary Economics
  • Economics/Managerial Economics

Recent Media Mentions

Selected Works

Articles

Airaudo, Marco, Wealth effects, price markups, and the neo-Fisherian hypothesis. European Economic Review 157 (Aug 2023).

Airaudo, Marco, Consistent Expectations Equilibria in Markov Regime Switching Models and Inflation Dynamics. International Economic Review 62 (Nov 2021).

Airaudo, Marco, Complex Dynamics in Lucas’ Tree Asset Pricing Model With Dynamic Self-Control Preferences. Macroeconomic Dynamics 25 (Oct 2021).

Airaudo, Marco, Temptation and Forward Guidance. Journal of Economic Theory 185 (Mar 2020):1-29.

Airaudo, Marco, Optimal Monetary Policy With Counter-Cyclical Credit Spreads. Journal of Money, Credit and Banking 51 (Jun 2019):787-829.

Airaudo, Marco, Inflation Targeting and Exchange Rate Management in Less Developed Countries (joint with E. Buffie and L.F. Zanna). Journal of International Money and Finance 81 (Mar 2018):159-184.

Airaudo, Marco, Complex Stock Price Dynamics under Max Weber’s Spirit of Capitalism Hypothesis. Economic Theory 64 (Summer 2017):47-73.

Airaudo, Marco, Consumption Externalities and Monetary Policy with Limited Asset Market Participation. Economic Inquiry 55 (Winter 2017):601-623.

Airaudo, Marco, Salvatore, Nistico, and Zanna, Luis-Felipe, Learning, Monetary Policy and Asset Prices (with S. Nistico’ and L.F. Zanna). Journal of Money, Credit and Banking 47 (Oct 2015):1273-1307.

Airaudo, Marco, Currency Substitution, Risk Premia and the Taylor Principle. Journal of Economic Dynamics and Control 48 (Nov 2014):202-217.

Airaudo, Marco, Monetary policy, stock prices and consumption externalities. Economics Letters 120 (Sep 2013):537-541.

Airaudo, Marco, Monetary policy and asset prices with belief-driven fluctuations (with R. Cardani and K.J. Lansing). Journal of Economic Dynamics and Control 37 (Aug 2013):1453-1478.

Airaudo, Marco, Monetary policy and stock prices with limited asset market participation. Journal of Macroeconomics 36 (Jun 2013):1-22.

Airaudo, Marco, Equilibrium Determinacy and Inflation Measures for Interest Rate Rules rules (with L.F. Zanna). Review of Economic Dynamics 15 (Oct 2012):573-592.

Airaudo, Marco, Interest rate rules, endogenous cycles and chaotic dynamics in open economies (with L.F. Zanna). Journal of Economic Dynamics and Control 36 (Oct 2012):1566-1584.

Airaudo, Marco, Currency substitution and money demand in Italy: an econometric analysis. Rivista DI Politica Economica (Dec 1999).

Presented Research

Airaudo, Marco, Optimal Monetary Policy with Behavioral Consumers, European Meeting of the Econometric Society: Bacelona (Spain), (Aug 2023):

Airaudo, Marco, Consistent Expectation Equilibria with Imperfec…, Society for Computation in Economics and Finance: Nice (France), (Jul 2023):

Airaudo, Marco, Optimal Monetary Policy with Behavioral Consumers, Society for Computation in Economics and Finance: Nice (France), (Jul 2023):

Airaudo, Marco, Consistent Expectation Equilibria with Imperfec…, 4th Behavioral Macroeconomics Workshop: Heterogeneity and Expectations in Macroeconomics and Finance: Bamberg (Germany), (Jun 2022):

Airaudo, Marco, Interest rate rules and endogenous cycles in open economies with nominal rigidities, 11th Workshop on Optimal Control, Dynamic Games and Non-linear Dynamics: Amsterdam, Holland, (May 2010):

Airaudo, Marco, Monetary policy and stock prices with limited asset market participation, Canadian Economics Association 2010: Quebec City, Canada, CA, (May 2010):

Airaudo, Marco, Learning about inflation measures for interest rate rules, Midwest Macroeconomics Meetings 2010: Michigan State University, East Lansing, Michigan, MI, (May 2010):

Airaudo, Marco, Learning, monetary policy and asset prices, University of Adelaide: Adelaide (Australia), (Feb 2009):

Education

PhD Economics-University of Pennsylvania USA 2006
BA Economics-Universita’ degli Studi di Torino, Facolta’ di Economia Italy 1997

Awards

2006 Franco Modigliani Research Fellowship (Mediocredito Centrale Bank)
2005-2006 Monetary Policy Design for Monetary Unions (European Commission and CEPR)
2003-2004 LUISS Fellowship in International Economics (LUISS University (Rome))

Service

International Journal of Economic Theory – Associate Editor (2021–Present)