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Vincent Sterk
Department of Economics University College London Drayton House, Gower Street, London WC1E 6BT, UK Phone: +44 207 679 5877 E-mail: v.sterk@ucl.ac.uk
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Curriculum Vitae
Position and affiliations 2024-: Joint managing editor, Review of Economic Studies 2023-: Professor II (adjunct), NHH Bergen 2021-: Professor, University College London, Department of Economics 2022-2023: Associate Editor, Journal of Monetary Economics 2020-2023: Associate Editor, Review of Economic Dynamics 2019 -: Editorial board member, Review of Economic Studies 2018 -: Academic Consultant, Bank of England (Monetary analysis) 2018- : Associate editor, Journal of the European Economic Association 2018 - 2021: Associate Professor, University College London, Department of Economics 2017 -: Associate editor, Economic Journal 2016 -: Centre for Economic Policy Research, research affiliate 2012 -: Centre for Macroeconomics, member 2011-2018: Lecturer (Assistant Professor), University College London, Department of Economics 2007-2011: Economist, De Nederlandsche Bank
Publications Stock Market Participation, Inequality and Monetary Policy, with Davide Melcangi (2024). forthcoming, Review of Economic Studies.
"Expectations and Incomplete Markets." (2023), with Evi Pappa and Morten O. Ravn, Forthcoming, Chapter 19 (pp. 569-612) of Bachmann, Topa and van der Klaauw: Handbook of Economic Expectations, Academic Press (Elsevier).
Startups and Employment Following the COVID-19 Pandemic: A Calculator, with Cristiana Benedetti-Fasil and Petr Sedlacek (2022). Earlier version available in Covid Economics, issue 13. Economic Policy, Vol 37, Issue 111, pp 507-533. Earlier version in Covid Economics, Issue 13 and as CEPR DP 14671 Calculator United States: here. VoxEU column: here. Calculator EU member states: here.
Cui, Wei and Vincent Sterk. Quantitative Easing with Heterogeneous Agents, Journal Of Monetary Economics, Vol 123, pp 68-90. CEPR DP13322. 13322. VoxEU column.
Sterk, Vincent (r) Sedlacek, Petr (r) Pugsley, Benjamin (2021). The Nature of Firm Growth , American Economic Review. Vol 111 (2), 547-579. Appendix. VoxEU column. Download autocovariance moments. Citation help.
Macroeconomic Fluctuations with HANK and SAM: an Analytical Approach, (2020), with Morten O. Ravn. Appendix. VoxEU column. Forthcoming, Journal of the European Economic Association. Also available as CFM Discussion Paper 2016-33 and CEPR Discussion Paper 11696.
Reviving American Entrepreneurship? Tax Reform and Business Dynamism, with Petr Sedlacek. Journal Of Monetary Economics, Vol 105, pp.94-108. Carnegie-Rochester-NYU Conference Series on Public Policy, (2019).
The Transmission of Monetary Policy Operations through Redistributions and Durable Purchases, with Silvana Tenreyro (2018), Vol. 99, pp. 124-137, Journal of Monetary Economics,
Comments on "The Forward Fiscal Guidance Puzzle and a Resolution" by M. Canzoneri, D. Cao, R. Cumby, B. Diba, and W. Luo (2018) Journal of Economic Dynamics and Control, Gerzensee conference volume, 89(C), pp. 47-49.Link to publication.
The Growth Potential of Startups over the Business Cycle, (2017), Vol. 107 (10), pp. 3182-3210, American Economic Review, with Petr Sedlacek, appendix. Earlier version.
Job Uncertainty and Deep Recessions, (2017) , Vol. 57 (2), pp. 217-225 , Journal of Monetary Economics, with Morten O. Ravn,
Home Equity, Mobility, and Macroeconomic Fluctuations, (2015), Vol. 74, pp. 16-32, Journal of Monetary Economics.
The Myth of Financial Innovation and the Great Moderation (2011), Economic Journal, Vol. 121, Issue 335, pp. 707, with Wouter den Haan.
Credit Frictions and the Comovement between Durable and Non-durable Consumption (2010), Journal of Monetary Economics, Vol. 57 (2), pp. 217-225.
Working Papers Optimal Monetary Policy during a Cost of Living Crisis, with Alan Olivi and Dajana Xhani. Appendix. Revise & Resubmit, American Economic Review.
Startup Types and Macroeconomic Performance in Europe, with Ralph De Haas and Neeltje Van Horen (2022). CEPR DP17400.
The Dark Corners of the Labor Market (2016).
Work in Progress Household relief programs: a macroeconomic analysis, with Alan Olivi and Dajana Xhani.
Endogenous markup fluctuations and inequality over the business cycle, with Alan Olivi and Dajana Xhani.
The Marginal CPI: a new price index for macroeconomic analysis, with Alan Olivi and Dajana Xhani.
Early Exit, with Petr Sedlacek.
Policy reports
Benedetti Fasil, C., P. Sedláček and V. Sterk (2020), EU start-up calculator: impact of COVID-19 on aggregate employment. Scenario analysis for Austria, Belgium, Germany, Hungary, Italy and Spain Benedetti Fasil, C., P. Sedláček and V. Sterk (2020), EU start-up calculator: impact of COVID-19 on aggregate employment. Scenario analysis for Denmark, Estonia, Finland, France, Latvia, Lithuania, Portugal and Sweden Benedetti Fasil, C., P. Sedláček and V. Sterk (2020), EU start-up calculator: impact of COVID-19 on aggregate employment. Scenario analysis for Bulgaria, Croatia, Czechia, Luxembourg, Netherlands, Poland, Romania, Slovakia and Slovenia
Research Interests Business Cycles, Monetary Policy, Firm Dynamics, Labor Markets, Housing Markets, Inequality
Teaching Macroeconomics, MSc [econg022] Macroeconomics, MRes [econg105]
Education 2007 - 2011: University of Amsterdam PhD in Economics, advisor: W.J. den Haan KVS Medal 2011 for best PhD thesis in Economics, awarded every 3 years by the Royal Dutch Society for Economics
Feb - June 2010: Federal Reserve Bank of New York Visiting PhD student at Macroeconomic and Monetary Studies Function
2000-2005: Tilburg University Econometrics and Operations Research
Refereeing American Economic Review, Review of Economic Studies, Econometrica, Journal of Political Economy, American Economic Journal: Macro, AER: Insights, Journal of Monetary Economics, Journal of Money, Credit and Banking, Review of Economic Dynamics, Review of Economics and Statistics, Journal of the European Economic Association, Economic Enquiry, IMF Economic Review, Economic Letters, Journal of Financial Stability, Journal of Housing Economics, Economic Journal, European Economic Review, Scottish Journal of Political Economy, Journal of Empirical Finance, Macroeconomic Dynamics, B.E. Journal of Macroeconomics, Economic Journal, Canadian Journal of Economics, Journal of International Money and Finance, Review of Financial Studies, Scandinavian Journal of Economics
PhD Supervision Current PhD students: First supervisor: Yongsoo Kim, Thomas Lazarowicz, Jorn Onken, Matthew Read, Dajana Xhani
Second supervisor: Andrew Preston
Past PhD students (placement): First supervisor: Davide Melcangi (Federal Reserve Bank of New York), Thomas Pugh (Bank of Canada), David Zentler-Munro (University of Essex)
Second supervisor: Neele Balke (University of Chicago, postdoc), Benjamin Hemmingway (Bank of Lithuania), Chanwoo Kim (Bank of Korea), Similan Rujiwattanapong (University of Arhus)
Seminars and Conference Presentations 2009: DNB Conference Housing and Credit Dynamics: Causes and Consequences 2010: Sveriges Riksbank Federal Reserve Bank of New York Federal Reserve Bank of Philadelphia and the Kiel Institute for the World Economy Conference Labor Markets after the Great Recession University of Oxford Paris School of Economics Banque de France 2011: Federal Reserve Bank of San Francisco Bank of Canada SciencesPo Bank of England Bank for International Settlements IIES, Stockholm University College London Federal Reserve Board Federal Reserve Bank of Chicago Michigan State University CREI (Barcelona) Bank of Spain Humboldt University SED Meetings (Ghent) Nordic Symposium in Macroeconomics (Smögen) 2012: AEA meetings (Chicago) Institute for Advanced Studies (Vienna) RES meetings (young talent session) European Central Bank European Bank for Reconstruction and Development University of Oslo Bank of England (London Macro Workshop) University of Essex Birkbeck College 2013: Trinity College Dublin University of Cambridge CEMFI (Madrid) London School of Economics University of Bonn SED Meetings Seoul University of Oxford CEF London University of St Gallen 2014: University of Manchester University of Sussex University of Surrey Bocconi University Search and Matching conference Edinburgh SED Toronto Tsinghua conference on Macroeconomics ENSAI Rennes Macro Workshop EEA Meetings Toulouse Norwegian Business School Richmond Fed Macro/Labor Conference IIES Stockholm Paris School of Economics Brunel University 2015: Search and Matching Conference Aix-en-Provence CPB Economic Policy Analysis (The Hague) Bonn/IMF conference on Labor Markets in/after Crises (Bonn) De Nederlandsche Bank (Amsterdam), seminar EUI/IMF conference on Secular stagnation (Florence) SED Warsaw Nordic Symposium in Macroeconomics (Smögen ) Cambridge-INET-EABCN Conference on Persistent Output Gaps (Cambridge, planned) St. Louis Fed workshop on Monetary Policy and the Distribution of Income and Wealth De Nederlandsche Bank conference on Distributional implications of the crisis and policy responses Banque de France SAET conference Cambridge Econometric Society World Congress, Montreal European Central Bank University of Toulouse X REDg Dynamic General Equilibrium Macroeconomics Workshop, Barcelona Federal Reserve Board, conference on Monetary Policy Implementation and Transmission in the Post-Crisis Period Ifo Conference on Macroeconomics and Survey Data 2015, Munich University of Bristol 2016: AEA meetings San Francisco ES winter meetings San Francisco University of Cologne University of York Ecole Polytechnique Wharton School, University of Pennsylvania University of Oslo Norges Bank Konstanz Seminar on Monetary Theory and Policy St Louis Fed Minneapolis Fed UCLA Uppsala NYU SAM workshop Ifo conference on Macroeconomics and Survey Data, 2016 Cepremap, PSE and Banque de France conference on Helicopter Money 2017: Bocconi University IFS conference, The Welfare State and the Labour Market: Micro meets Macro RES annual meeting, Bristol New York Fed INET/USC Dornsife conference on Inequality, Globalization, and Macroeconomics, Los Angeles Banque de France / EABCN conference on Recent Developments in Monetary Policy Research, Paris Tinbergen Institute, Amsterdam Madrid Workshop on Quantitative Economics Barcelona GSE summer forum (planned) SED conference 2017, Edinburgh NBER Summer Institute 2017 (EFMPL & EFCE) Brandeis Summer Workshop in International Economics and Finance EEA meetings Lisbon ESEM meetings Lisbon University of Kent University of St Gallen Tilburg University Chicago Fed 2018: Federal Reserve Bank of San Francisco, conference T2M conference, Paris University of Barcelona University of Konstanz Northwester/UCL/EIEF conference, Ischia SED meetings, Mexico City University of Nuremberg Minnesota Macro Federal Reserve Bank of Cleveland Business CYCLE Conference, Santa Barbara University of Essex (planned) Copenhagen Business school (planned) RBA conference, Sydney (planned) Carnegie-Rochester-NYU conference (planned) University of Toronto (2019) SED annual meetings, St. Louis (2019)
Discussions London Business School (paper by Jeff Campbell, Jonas Fisher and Alejandro Justiniano) De Nederlandsche Bank (paper by Bolt, Demertzis, Diks, Hommes, and Van der Leij) UCL (paper by Paolo Surico and Thomas Sargent) De Nederlandsche Bank (paper by Jean-Paul L’Huillier and Dan Cao) London Business School (paper by Marjorie Flavin) UCL/IFS (Paper by Eric Smith) RES meetings Royal Holloway (paper by Pontus Rendahl) NORMAC Smögen (paper by Conny Olovvson) Bundesbank (paper by Monika Piazzesi and Martin Schneider) UCL/Northwestern conference in Ortigia (paper by Sergio Rebelo) De Nederlandsche Bank (paper by Anrade, Gaballo, Mengus and Mojon) Riksbank conference in Stockholm (paper by Allessandro Gavazza, Simon Mongey and Gianluca Violante) Riksbank conference in Stockholm (paper by Greenwald, Landvoigt and Van Niewerburgh)
UCL/Northwestern conference in Ischia (paper by Pontus Rendahl) Bank of England conference (paper by Alisdair McKay and Ricardo Reis) Bank of Italy conference on Monetary Policy after the Crisis: New Views, Open Questions (paper by James Cloyne and Paolo Surico) NORMAC Ebeltoft (paper by Hagedorn, Manovskii, Mitman, and Karahan) Oxford/NY Fed conference (paper by Greg Kaplan, Ben Moll and Gianluca Violante) UCL conference (paper by Xavier Ragot and Francois LeGrand) Banque de France conference (paper by Klaus Adam and Henning Weber)
Other Macro seminar co-organizer: 2011-2012, 2012-2013, 2014-2015, 2015-2016 KVS Medal 2011 for best PhD thesis in Economics, awarded every 3 years by the Royal Dutch Society for Economics Recruiting at AEA meetings: 2012 (Chicago), 2013 (San Diego), 2015 (Boston), San Francisco (2016)
Personal Information
Date of birth: March 19, 1982 Place of birth: Dordrecht, The Netherlands |