Ester Faia

Johann Wolfgang Goethe University, Germany

IZA World of Labor role


Current position

Professor, Johann Wolfgang Goethe University Frankfurt, Germany

Research interest

Monetary and fiscal policy, banking and regulation, labor market frictions

Positions/functions as a policy advisor

Consultant European Central Bank (DG-ECON), European Commission (DG-ECFIN).

Past positions

Assistant Professor, University of Rome Tor Vergata, Italy (2006–2008); Assistant Professor, Universitat Pompeu Fabra, Italy (2002–2006)


PhD Economics, New York University, 2002

Selected publications

  • “Sovereign risk, bank funding and investors pessimism.” Journal of Economic Dynamics and Control 79 (2017): 79–96.

  • "Exit strategies." European Economic Review 70 (2014): 231–257 (with I. Angeloni and R. Winkler).

  • "Capital regulation and monetary policy with fragile banks." Journal of Monetary Economics 60:3 (2013): 311–382 (with I. Angeloni).

  • "Ramsey monetary policy with labor market frictions." Journal of Monetary Economics 56:4 (2009): 570–581.

  • "Finance and international business cycle." Journal of Monetary Economics 54:4 (2007): 1018–1034.