Sebastian Di Tella

Sebastian Di Tella
Associate Professor, Economics
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SebastianDi Tella
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Research Statement

Sebastian Di Tella's research is in Macroeconomic Theory and Finance, focusing on the role of the financial system in amplifying and propagating aggregate shocks. In recent work he studies the concentration of aggregate risk on the balance sheets of financial institutions and the implications for financial regulation. He is also interested in optimal monetary policy and its interaction with the financial system.


Sebastian Di Tella is an Associate Professor of Economics at the Stanford Graduate School of Business, where he teaches Macroeconomics in the MBA program. His research is in macro theory covering a range of topics, including business cycles, monetary policy, the macroeconomic effects of financial crises, and optimal financial regulation.

Academic Degrees

  • PhD in Economics, MIT, 2013
  • BA in Economics, Universidad de Buenos Aires, 2006

Academic Appointments

  • Associate Professor, Stanford GSB, 2018-present
  • Faculty Research Fellow, NBER, 2017

Awards and Honors

  • Graduate School of Business Trust Faculty Scholar for 2015-2016
  • Finance Theory Group Award, 2013


Journal Articles

Sebastian Di Tella. Journal of Political Economy. December 2017, Vol. 125, Issue 6, Pages 2038-2081.

Working Papers

Why are Banks Exposed to Monetary Policy? | PDF
Sebastian Di Tella, Pablo Kurlat, November 2017
A Neoclassical Theory of Liquidity Traps
Sebastian Di Tella, August 2017
Optimal Asset Management Contracts with Hidden Savings | PDF
Yuliy Sannikov, Sebastian Di Tella, November 2016
Optimal Regulation of Financial Intermediaries | PDF
Sebastian Di Tella, September 2016


Degree Courses


This course gives students the background they need to understand the broad movements in the global economy. Key topics include long-run economic growth, technological change, wage inequality, international trade, interest rates, inflation,...

This is an advanced class on monetary economics. We cover empirical evidence, neoclassical models, recent advances in New Keynesian models, monetary policy with heterogeneous agents and financial frictions, alternative models of price setting and...


Modern macroeconomics of aggregate fluctuations in advanced economies. Current research on sovereign debt, fiscal policy and financial flows, low growth and stagnation, low interest rates, financial crises, unemployment fluctuations, and other...