معرفی
Andrés Sarto is an Assistant Professor of Finance at the Gies College of Business, University of Illinois Urbana-Champaign. He previously served in the same role at the Leonard N. Stern School of Business, New York University, joining in 2020. His research spans macroeconomics, finance, and empirical methods, with a focus on credit supply, monetary and fiscal policy, shadow banking, and regional economic dynamics.
- Ph.D. in Economics, MIT
- Postgraduate Degree in Economics, Universidad Torcuato Di Tella
- B.A. in Economics, Universidad Torcuato Di Tella
His research investigates how regional heterogeneity can inform national-level macroeconomic estimates, including fiscal and credit multipliers. He has developed novel empirical approaches using shift-share designs and regional time series to identify aggregate effects of policy and shocks. His work frequently addresses the role of financial intermediation, especially under low interest rate environments and its implications for bank and non-bank competition.
The trends in his recent publications show a strong focus on the interplay between monetary policy and financial stability, the rise of shadow banks, and the decomposition of credit booms. His empirical work leverages granular regional data to estimate macro elasticities and general equilibrium effects, bridging micro-level variation with macro-level inference.
His research has been accepted or is under revise & resubmit at leading journals such as the Journal of Financial Economics, Journal of Finance, European Economic Review, and Journal of Political Economy Macroeconomics. He has presented his work at major conferences including the American Finance Association (AFA), Society for Economic Dynamics (SED), NBER Summer Institute, and central banks such as the Federal Reserve and ECB.
He has collaborated with prominent economists including Atif Mian, Amir Sufi, and Olivier Wang. His current work in progress includes studies on monetary policy transmission, financial development, and the long-run effects of credit expansion.
