Roberto Robatto
Research Economist and Associate Adviser
About
Roberto Robatto is a research economist and associate adviser on the financial market team in the Research Department of the Federal Reserve Bank of Atlanta.
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Biography
Roberto Robatto is a research economist and associate adviser on the financial market team in the Research Department of the Federal Reserve Bank of Atlanta. Before joining the Atlanta Fed in 2025, he was a faculty at the University of Wisconsin-Madison from 2014 to 2025, and he held visiting positions at the Einaudi Institute for Economics and Finance, the Federal Reserve Bank of Philadelphia, and the University of Southern California. He received his doctorate in economics from the University of Chicago in 2014. His main research interests are at the intersection of banking, financial regulation, monetary and fiscal policy, and financial crises. His research has been published in leading finance and economics journals, such as the Review of Financial Studies and the Journal of Monetary Economics.
Published Work
External work by Atlanta Fed staff.
Articles
2025
"Macroprudential Regulation, Quantitative Easing, and Bank Lending" (with Andrea Orame and Rodney Ramcharan), Review of Financial Studies, May 2025, 38(5), 1545–1593.
2024
"Liquidity Requirements and Central Bank Interventions during Banking Crises," Management Science, February 2024, 70(2), 1175–1193.
2023
"The Effects of Capital Requirements on Good and Bad Risk-Taking" (with Aaron Pancost), Review of Financial Studies, February 2023, 36(2), 733–774.
2019
"Private Money Creation, Liquidity Crises, and Government Interventions" (with Pierpaolo Benigno), Journal of Monetary Economics, October 2019, 106, 42–58.
"Systemic Banking Panics, Liquidity Risk, and Monetary Policy," Review of Economic Dynamics, October 2019, 34, 20–42.
(Winner of the SUERF/UniCredit & Universities Prize in the "Reregulation of the Financial Sector" category.) "Cost of Inflation in Inventory Theoretical Models" (with Fernando Alvarez and Francesco Lippi), Review of Economic Dynamics, April 2019, 32, 206–226.
2017
"On the Biological Foundation of Risk Preferences" (with Balázs Szentes), Journal of Economic Theory, November 2017, 172, 410–422.
External work by Atlanta Fed staff.
Working Papers
2025
Yuteng Cheng and Roberto Robatto. "Fire Sales and Liquidity Requirements." June 2025.
2024
N. Aaron Pancost and Roberto Robatto. "Bailing Out (Firms') Uninsured Deposits: A Quantitative Analysis." Review of Financial Studies. May 2024 (Under revision and resubmission).
2022
Jason Choi and Roberto Robatto. "The Effects of Treasury Debt on Bank Lending and the Economy." June 2022.
2019
Pierpaolo Benigno and Roberto Robatto. "Inefficiency and Regulation of Private Liquidity." August 2019.
2017
Roberto Robatto. "Flight to Liquidity and Systemic Bank Runs." November 2017.