Vincent Sterk


Lecturer (Assistant Professor)

Department of Economics

University College London

Drayton House, Gower Street,

London WC1E 6BT, UK

Phone: +44 207 679 5877



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Curriculum Vitae


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Position and affiliations


2011–               Lecturer (Assistant Professor), University College London, Department of Economics

2012–               Centre for Macroeconomics, member

2016–               Centre for Economic Policy Research, research affiliate

2017–               Associate editor, Economic Journal

2018–               Associate editor, Journal of the European Economic Association

2018–              Academic Consultant, Bank of England (Monetary analysis)





Job Uncertainty and Deep Recessions”, (2017) , Vol. 57 (2), pp. 217-225 , Journal of Monetary Economics, with Morten O. Ravn,

previous version.


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.


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.



Comments on "The Forward Fiscal Guidance Puzzle and a Resolution" by M. Canzoneri, D. Cao, R. Cumby, B. Diba, and W. Luo, Journal of Economic Dynamics and Control, 2017 Gerzensee conference volume, forthcoming. Link to publication.


Working Papers


The Transmission of Monetary Policy Operations through Redistributions and Durable Purchases”, with Silvana Tenreyro (2013). revision requested, Journal of Monetary Economics.


The Nature of Firm Growthwith Ben Pugsley and Petr Sedlacek (2017).


Macroeconomic Fluctuations with HANK and SAM: an Analytical Approach”, with Morten O. Ravn (2016).

Also available as CFM Discussion Paper 2016-33 and CEPR Discussion Paper 11696.


The Dark Corners of the Labor Market(2016).


Work in Progress

“Startups, Leverage, and Productivity during a Financial Crisis‘’ , with Ralph de Haas, Neeltje van Horen, and Jasper de Winter.


Research Interests

Business Cycles, Monetary Policy, Firm Dynamics, Labor Markets, Housing Markets, Inequality



· Macroeconomics, MSc [econg022]

· Macroeconomics, MRes [econg105]



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



American Economic Review, Review of Economic Studies, Econometrica, American Economic Journal: Macro, 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, 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


PhD Supervision

Davide Melcangi

Thomas Pugh

David Zentler-Munro 


Seminars and Conference Presentations


· DNB Conference “Housing and Credit Dynamics: Causes and Consequences


· 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


· 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)


· 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


· 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


· 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


· 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


· 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


· Uppsala

· NYU SAM workshop

· Ifo conference on Macroeconomics and Survey Data, 2016

· Cepremap, PSE and Banque de France conference on Helicopter Money


· 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 (planned)

· ESEM meetings Lisbon (planned)

· University of Kent (planned)

· University of St Gallen (planned)

· Tilburg University (planned)




· 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)

· 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)



· 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)


Previous Work Experience


2008-2011:  De Nederlandsche Bank Economist at Research Department


2005 - 2007: Ministry of Economic Affairs, The Netherlands. Economist



Personal Information


Date of birth: March 19, 1982

Place of birth: Dordrecht, The Netherlands