Marcel Cortes Peruffo

Marcel Cortes Peruffo is a Lecturer (Assistant Professor) in the Department of Economics at The University of Sydney, affiliated with the Faculty of Arts and Social Sciences. He holds a PhD in Economics from Brown University (2022) and previously served as a Senior Economist at the European Central Bank’s DG-Research/Monetary Policy division. His research focuses on macroeconomic dynamics, household heterogeneity, and the natural rate of interest, with applications to policy design in developed and developing economies.

Education:

• PhD in Economics, Brown University, 2022

Research Interests: Peruffo’s work examines how household-level disparities influence business cycles, monetary policy transmission, and long-term economic trends. Key areas include:

• Macroeconomic effects of financial crises and banking sector instability
• Design and evaluation of cash transfer programs in developing economies
• Quantitative analysis of secular shifts in natural interest rates
• Interactions between fiscal policy and household consumption patterns

Key Contributions: His recent work includes modeling heterogeneous-agent responses to aggregate uncertainty, analyzing the distributional consequences of banking sector shocks, and evaluating the long-term impacts of conditional cash transfers on education and labor markets.

Professional Activities: Peruffo collaborates with institutions like the IMF and CEPR, contributing to policy-relevant research on monetary policy frameworks and macroeconomic stabilization. His work frequently employs dynamic stochastic general equilibrium models enhanced with heterogeneous agent frameworks (HANK).