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Fernando Alvarez (short Bio).

I am the Charles F. Grey Distinguished Service Professor in the Kenneth C. Griffin Department of Economics at the University of Chicago. My research focuses on macroeconomics, with specializations in asset pricing, labor economics, and monetary economics. My work specifically examines the effects of monetary policy on interest rate liquidity, risk premium determination in asset prices, household money demand, and the impact of nominal rigidities on price setting.

I am a Fellow of the Econometric Society and the Society for the Advancement of Economic Theory, a Research Associate at the National Bureau of Economic Research, and a member of both the American Academy of Arts & Sciences and the Argentine Academy of Economic Sciences. I have been recognized as a distinguished alumnus by the Universidad Nacional de La Plata (UNLP) and the University of Minnesota.

My editorial experience includes serving as editor of the Journal of Political Economy and as an associate editor for several leading journals. My research has been supported by grants and fellowships from the National Science Foundation, the Alfred P. Sloan Foundation, the European Research Council, and the Goldman Sachs Global Market Institute, among others. Additionally, I have held visiting scholar and advisory roles at the European Central Bank (as the Wim Duisenberg Fellow), the Bank for International Settlements (as the Lamfalussy Fellow), the Einaudi Institute for Economics and Finance (EIEF), and several Federal Reserve Banks.

Before joining the University of Chicago, I held a faculty position in the Finance Department at the Wharton School of the University of Pennsylvania. My current doctoral teaching includes the core macroeconomics sequence (Theory of Income) and advanced topics in monetary economics. In 2026, I was honored with the Faculty Award for Excellence in PhD Teaching and Mentoring. At the undergraduate level, I teach courses on Speculative Markets, Options, and Volatility Products. I have also led specialized doctoral and postdoctoral courses at institutions including the Toulouse School of Economics, Yale University, the International Monetary Fund, and the Swiss National Bank.