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Meet the Researchers

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Sirio Aramonte

Principal Economist International Financial Stability Section International Finance
[email protected]

Education

  • Ph.D., Finance, London Business School, 2009
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2023 - present
  • Senior Economist

    Bank for International Settlements

    2018 - 2022
  • Principal Economist/Senior Economist/Economist

    Board of Governors of the Federal Reserve System

    2009 - 2018
  • Margins, debt capacity, and systemic risk
    Sirio Aramonte, Andreas Schrimpf, and Hyun Song Shin
    BIS Working Papers (2023)
  • Non-bank financial intermediaries and financial stability
    Sirio Aramonte, Andreas Schrimpf, and Hyun Song Shin
    Research Handbook of Financial Markets (2023)
    https://doi.org/10.4337/9781800375321.00014
  • Inflation risk and the labor market: beneath the surface of a flat Phillips curve
    Sirio Aramonte
    BIS Working Papers (2022)
    https://doi.org/10.2139/ssrn.4148968
  • Firm-Specific Risk-Neutral Distributions with Options and CDS
    Sirio Aramonte, Mohammad Jahan-Parvar, Samuel Rosen, and John W. Schindler
    Management Science (2022)
    https://doi.org/10.1287/mnsc.2021.4170
    See also » FRB Working Paper (2017)
  • Risk taking and low longer-term interest rates: Evidence from the U.S. syndicated term loan market
    Sirio Aramonte, Seung Jung Lee, and Viktors Stebunovs
    Journal of Banking & Finance (2022)
    https://doi.org/10.1016/j.jbankfin.2019.02.010
    See also » FRB Working Paper (2015)
  • Insurance companies as liquidity providers: The case of corporate-bond mutual funds
    Sirio Aramonte and Nicola Mano
    Working Papers (SSRN) (2022)
    https://doi.org/10.2139/ssrn.4074056
  • Firm-level R&D after periods of intense technological innovation: the role of investor sentiment
    Sirio Aramonte and Matthew Carl
    BIS Working Papers (2021)
  • Cross-Market Liquidity and Dealer Profitability: Evidence from the Bond and CDS Markets
    Sirio Aramonte and Paweł J. Szerszeń
    Journal of Financial Markets (2020)
    https://doi.org/10.1016/j.finmar.2020.100559
  • Measuring the Liquidity Profile of Mutual Funds
    Sirio Aramonte, Chiara Scotti, and Ilknur Zer
    International Journal of Central Banking (2020)
    See also » FRB Working Paper (2019)
  • Institutions and Return Predictability in Oil-Exporting Countries
    Sirio Aramonte, Mohammad R. Jahan-Parvar, and Justin K. Shugarman
    Quarterly Review of Economics and Finance (2019)
    https://doi.org/10.1016/j.qref.2018.09.002
    See also » FRB Working Paper (2015)
  • Assessing and Combining Financial Conditions Indexes
    Sirio Aramonte, Samuel Rosen, and John W. Schindler
    International Journal of Central Banking (2017)
    See also » FRB Working Paper (2013)
  • Macroeconomic Uncertainty and the Cross-Section of Option Returns
    Sirio Aramonte
    Journal of Financial Markets (2014)
    https://doi.org/10.1016/j.finmar.2014.06.001
  • Dynamic Factor Value-at-Risk for Large Heteroskedastic Portfolios
    Sirio Aramonte, Marius del Giudice Rodriguez, and Jason Wu
    Journal of Banking & Finance (2013)
    https://doi.org/10.1016/j.jbankfin.2013.07.038
    See also » FRB Working Paper (2011)
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Last Update: July 1, 2025