Jason Allen

Jason Allen serves as Associate Professor in the Finance, Investment, and Banking department at the University of Wisconsin-Madison's Wisconsin School of Business, holding the Chris M. Bauer Professorship in Banking and Finance. Previously, he held senior positions at the Bank of Canada before joining UW-Madison, bringing practical central banking experience to his academic work.

Allen's research focuses on banking systems, credit markets, and financial regulation, with particular expertise in market power dynamics, search frictions in negotiated-price markets, and bank resolution mechanisms. His work frequently analyzes Canadian financial markets, leveraging his Bank of Canada experience to examine mortgage markets, household finance issues, and macroprudential policy impacts. Recent research explores capital constraints in banking, debt-relief program effectiveness during crises, and auction design for failed bank resolution.

Analysis of his 15 most recent publications reveals consistent focus on market structure and frictions in financial markets, with increasing attention to policy implications following the 2020 pandemic. His work bridges theoretical industrial organization frameworks with empirical banking applications, often using Canadian administrative data. The research trajectory shows evolution from foundational work on interbank markets (2016) toward more policy-relevant studies on bank resolution (2023) and mortgage market dynamics (2024).

Allen teaches undergraduate courses including Financial Markets, Institutions and Economic Activity (305), scheduled for Spring 2025. While specific grant information isn't detailed in the provided text, his publication record in top journals like American Economic Review and Journal of Political Economy suggests substantial research funding support. His work appears frequently in collaborations with researchers from Canadian institutions, reflecting ongoing connections to his Bank of Canada tenure.