Bence Bardóczy

Economist

Federal Reserve Board

Welcome!

I am an Economist at the Federal Reserve Board of Governors, where I serve in the Macroeconomic and Quantitative Studies section within the Division of Research and Statistics. My research focuses on how micro heterogeneity interacts with the macroeconomy and affects economic policy.

I am part of the development team for Sequence-Space Jacobian. A Python toolkit for analyzing dynamic macroeconomic models with (or without) rich microeconomic heterogeneity.

This is a personal website. The views expressed on this website are my own and do not necessarily reflect those of the Board of Governors or the Federal Reserve System.

Interests

Macroeconomics
Monetary Policy
Labor Economics
Computational Methods

Education

PhD in Economics, 2021
Northwestern University
MSc in Economics, 2015
Institute for Advanced Studies, Vienna
BSc in Economic Analysis, 2012
Corvinus University of Budapest

Research

Bence Bardóczy (2022). Spousal Insurance and the Amplification of Business Cycles. New draft.

PDF

Adrien Auclert, Bence Bardóczy, Matthew Rognlie, Ludwig Straub (2021). Using the Sequence-Space Jacobian to Solve and Estimate Heterogeneous-Agent Models. Econometrica 89(5), pp. 2375–2408.

PDF Code

Adrien Auclert, Bence Bardóczy, Matthew Rognlie (2021). MPCs, MPEs, and Multipliers: A Trilemma for New Keynesian Models. Forthcoming at the Review of Economics and Statistics.

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Discussions

Conference Discussions

Munseob Lee, Claudia Macaluso, Felipe Schwartzman: Minority Unemployment, Inflation, and Monetary Policy
Paper, Discussion at the Federal Reserve System Macro Meeting, November 2021

Beatriz González, Galo Nuño, Dominik Thaler, Silvia Albrizio: Firm Heterogeneity, Capital Misallocation, and Optimal Monetary Policy
Paper, Discussion at the International Research Forum on Monetary Policy, May 2022