Photo of Francisco Vazquez-Grande

Francisco Vazquez-Grande

Education

  • Ph.D., Financial Econometrics, Booth School of Business, University of Chicago, 2012
  • M.B.A., Finance, Booth School of Business, University of Chicago, 2010
  • M.Sc., Mathematics, Universidad Autonoma de Madrid, 2005
Current Research Topics
  • Macro and Finance linkages
  • Monetary Policy and Asset Pricing
  • Group Manager

    Board of Governors of the Federal Reserve System

    2022 - present
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2018 - 2022
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2014 - 2018
  • Economist

    Board of Governors of the Federal Reserve System

    2010 - 2014
  • Are Stocks Pricing in Recession Risks? Evidence from Dividend Futures
    Markus Ibert, Ben Knox, and Francisco Vazquez-Grande
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3176
  • Introducing the Credit Market Sentiment Index
    Danilo Leiva-León, Gabriel Pérez-Quirós, Horacio Sapriza, Francisco Vazquez-Grande, and Egon Zakrajšek
    Economic Brief (2022)
  • Monetary Policy, Inflation Outlook, and Recession Probabilities
    Andrea Ajello, Luca Benzoni, Makena Schwinn, Yannick Timmer, and Francisco Vazquez-Grande
    Economic Perspectives (2022)
    https://doi.org/10.21033/ep-2022-4
  • Monetary Policy, Inflation Outlook, and Recession Probabilities
    Andrea Ajello, Luca Benzoni, Makena Schwinn, Yannick Timmer, and Francisco Vazquez-Grande
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3175
  • The Stock Market–Real Economy "Disconnect": A Closer Look
    Andrew Chen, Markus Ibert, and Francisco Vazquez-Grande
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2800
  • Out-of-Sample Performance of Recession Probability Models
    Tyler Pike and Francisco Vazquez-Grande
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2454
  • Measuring the Natural Rate of Interest: A Note on Transitory Shocks
    Kurt F. Lewis and Francisco Vazquez-Grande
    Journal of Applied Econometrics (2019)
    https://doi.org/10.1002/jae.2671
    See also » FRB Working Paper (2017)
  • Nominal Rigidities and the Term Structures of Equity and Bond Returns
    Pier Lopez, David Lopez-Salido, and Francisco Vazquez-Grande
    Finance and Economics Discussion Series (2015)
    https://doi.org/10.17016/FEDS.2015.064
  • Testing Multivariate Uniformity: The Distance‐to‐Boundary Method
    José R. Berrendero, Antonio Cuevas, and Francisco Vjosázquez‐grande
    Canadian Journal of Statistics (2006)
    https://doi.org/10.1002/cjs.5550340409
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Last Update: February 2, 2023