Matteo Maggiori has won the 2021 Fischer Black Prize

Matteo Maggiori (Courtesy Matteo Maggiori)

Economist MATTEO MAGGIORI, who studies international macroeconomics and finance, has received the prestigious Fischer Black Prize in recognition of a body of work that demonstrates both originality of scholarship and relevance for financial practice. Administered by the American Finance Association, the prize is the preeminent early-career honor in the field of finance.

“Matteo is the first resident faculty member of Stanford to receive the award,” said JONATHAN LEVIN, the Philip H. Knight Professor and Dean of GSB. “His work tackles some of the biggest questions in the global economy with insight and rigor.”

Maggiori’s research areas include the analysis of exchange rate dynamics, global capital flows, the international financial system, the role of the dollar as a reserve currency, tax havens, bubbles, expectations and portfolio investment and very long-run discount rates.

“I am honored to receive the award,” said Maggiori. “I am particularly happy because it recognizes all the progress made in the field of international macroeconomics and finance. Progress made not just by me, but also by my coauthors and other young scholars in the field.”

One area that Maggiori, 38, seeks to better understand is how capital is allocated globally.

“It’s a core issue that permeates so many aspects of the global economy — from financial crises to issues of fairness and welfare,” said Maggiori. “With the rise of global investment firms and multinationals, the international flow of capital has become both enormous and very complex. We now have much better data and tools to understand it, which is exciting. I hope that the advances in our knowledge will lead to better international economic policy.”

An associate professor of finance, Maggiori is also the Fletcher Jones Faculty Scholar for 2020–2021, a research associate with the National Bureau of Economic Research and a research affiliate at the Center for Economic Policy Research.

Read more on the Graduate School of Business website.