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Center for Financial Economics: Louis J. Maccini Professorship

Zanvyl Krieger School of Arts and Sciences

Established in 2008 with commitments made by Charles and Nancy Clarvit, Jeff and Shari Aronson, Carol and Steven Batoff, Robert and Avis Barbera, Steven and Judith Kaye, Ross and Patricia Margolies, Marshal and Janet Salant, Timothy and Denise Weglicki, Edgar and Jeanne Edwards, David P. Nolan, James and Ann Rickards, Neil and Lenore Sherman, Carl and Rachael Berg, Kevin and Beth Heerdt, Donald E. Kerr Jr., Albert Teplin, and Lawrence and Carol Wolfe in honor of Louis J. Maccini

MacciniLouisLOUIS J. MACCINI joined the Department of Economics at The Johns Hopkins University in 1969, chairing the department from 1992 to 2007. Beginning in 2000, he headed the effort to create the Center for Financial Economics; his vision was to create a place where teaching and research in finance would occur in an economics department in a college of Arts and Sciences rather than in a business school. Dr. Maccini’s recent research has explored such issues as the role of inventories in the business cycle, how monetary policy affects inventory investment, whether recent technological innovations such as computerization have enabled businesses to more effectively manage their inventory positions, and whether this phenomenon contributed to the decline in the volatility of GDP growth since the early 1980s. He was selected a fellow of the International Society for Inventory Research in 2004 and served as its president from 2010-12. The Louis J. Maccini Professorship is a fitting tribute to an academic leader whose vision has shaped the unique mission of the Center for Financial Economics.

Held by Francesco Bianchi

Francesco Bianchi
Economics department faculty

FRANCESCO BIANCHI, Ph.D., is the Louis J. Maccini Professor of Economics at Johns Hopkins University (effective July 2022), and a co-editor of the American Economic Journal: Macroeconomics. He is a member of the Center for Economic and Policy Research and the National Bureau of Economic Research. Professor Bianchi received his Ph.D. in economics from Princeton University in 2009. Before joining Johns Hopkins, he was a professor at Duke University. He has held visiting or teaching positions at UCLA, NYU, University of Pennsylvania, Columbia University, and Northwestern University. In 2015, he was awarded the Wim Duisenberg Research fellowship, and in 2010, he received the Zellner Thesis Award in Business and Economic Statistics. He has published in the American Economic Review, the Review of Economic Studies, the Review of Economics and Statistics, The Journal of Monetary Economics, the Journal of Finance, and other leading academic journals. He has served as associate editor of the Journal of Monetary Economics, Quantitative Economics, the European Economic Review, and the Journal of Applied Econometrics. He has been invited to discuss his research at the 2022 Jackson Hole Economic Symposium, the 2021 G20 FWG meeting, and at numerous central banks. Currently, professor Bianchi’s main research interests involve the use of machine learning techniques to improve forecasts, the role of agents’ beliefs in explaining macroeconomic dynamics, the interaction between monetary and fiscal policy, and the effects of political agendas and monetary policy on asset prices.