Tobias Adrian

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Tobias Adrian
Stephen A. Ross[1]
Contributionsyield curve, CoVaR
Websitewww.tobiasadrian.com

Tobias Adrian (born 23 July 1971) is a German and American

global financial crisis,[6] monetary policy transmission,[7] and the yield curve.[8]

Early life and education

Adrian was born in Kronberg, West Germany and attended Humboldtschule, Bad Homburg.[2][5] After studying at Goethe University Frankfurt, Paris Dauphine University, and the London School of Economics,[5] he studied for a Ph.D. at the Massachusetts Institute of Technology, graduating in 2003. His doctoral thesis was entitled "Learning, dynamics of beliefs, and asset pricing".[1]

Career

While working at the Federal Reserve, Adrian made substantial contributions to the role of financial intermediaries in monetary policy transmission, with Hyun-Song Shin.[7][9] He also documented how the inversion of the yield curve can be viewed as a causal transmission channel for monetary policy tightening, with Hyun-Song Shin and Arturo Estrella [Wikidata].[10] This is based on earlier work with Estrella that documented the forecasting power of the yield curve.[8] Adrian also worked on widely adopted yield curve models with Richard Crump and Emanuel Moench [Wikidata].[11]

Together with

great recession.[13]

Adrian has published extensively on the topic of

financial crisis of 2007–2008.[18]

More recently, Adrian has studied how financial conditions present asymmetric risks to

GDP growth with Domenico Giannone [Wikidata] and Nina Boyarchenko [Wikidata].[19] This work led to a novel model for economic forecasting, under which multimodal distributions (allowing both "good" and "bad" outcomes) arise naturally under tight financial conditions.[20] With Patrick Bolton and Alissa Kleinnijenhuis, Adrian has conducted a first empirical study of the costs and benefits of phasing out coal around the world, and documented a large net social gain on the order of trillions.[21][22][23][24] Their work establishes a novel economic foundation for climate finance.[22][23][24][25]

Selected works

References

  1. ^
    hdl:1721.1/17571
    . Retrieved 2 July 2021.
  2. ^ a b GmbH, Frankfurter Allgemeine Zeitung (29 November 2016). "Tobias Adrian: Ein Deutsch-Amerikaner wird neuer IWF-Finanzmarktchef" [A German-American becomes the new head of financial markets at the IMF]. Faz.net (in German). Frankfurter Allgemeine Zeitung. Retrieved 17 July 2021.
  3. ^ "People: Tobias Adrian to replace Viñals at IMF". Central Banking. 30 November 2016. Retrieved 16 July 2021.
  4. ^ "Tobias Adrian sustituirá a José Viñals en el FMI" [Tobias Adrian will replace José Viñals at the IMF]. el Economista. 26 November 2016. Retrieved 17 July 2021.
  5. ^ a b c "Dr. Tobias Adrian". Goethe-Universität (in German). Retrieved 17 July 2021.
  6. ^ "The Federal Reserve's Primary Dealer Credit Facility". Federal Reserve Bank of New York. Retrieved 22 July 2021.
  7. ^
    ISSN 0002-8282
    .
  8. ^
    ISSN 0165-1765
    . Retrieved 22 July 2021.
  9. ISSN 1573-4498
    . Retrieved 22 July 2021.
  10. S2CID 158109152
    .
  11. ISSN 0304-405X
    . Retrieved 22 July 2021.
  12. ^ Adrian & Brunnermeier 2016.
  13. ^ "The revolution within". The Economist. 16 May 2009. Retrieved 2 July 2021.
  14. ^ Adrian & Shin 2010.
  15. ISSN 1042-9573
    .
  16. S2CID 158419019
    .
  17. ^ "Tobias Adrian". Google Scholar. Retrieved 19 July 2021.
  18. ^ Adrian et al. 2013.
  19. S2CID 32943592
    .
  20. S2CID 234040176
    .
  21. ^ Adrian, Tobias; Bolton, Patrick; Kleinnijenhuis, Alissa (1 June 2022). "The Great Carbon Arbitrage". International Monetary Fund. Working Paper No. 2022/107.
  22. ^ a b IFC-IEA (21 June 2023). Scaling up Private Finance for Clean Energy in Emerging and Developing Economies (PDF). International Energy Agency & International Finance Corporation.
  23. ^ a b Tett, Gillian (13 June 2022). "Killing coal: a new way to get investors involved". Financial Times.
  24. ^ a b GFANZ (June 2023). "Financing the Managed Phaseout of Coal-Fired Power Plants in Asia Pacific" (PDF). Glasgow Financial Alliance for Net Zero. Glasgow Financial Alliance for Net Zero.
  25. ^ Prasad, Ananthakrishnan (27 July 2022). "Mobilizing Private Climate Financing in Emerging Market and Developing Economies". IMF eLibrary.


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