Cristina Arellano has been elected a fellow of the Econometric Society for 2024. Arellano is the assistant director of policy and a monetary advisor at the Federal Reserve Bank of Minneapolis. She is also an instructor at the University of Minnesota.
The Econometric Society is a prestigious international society for the advancement of economic theory in its relation to statistics and mathematics.
Arellano has published path-breaking research on a wide range of topics, including sovereign debt, fiscal policy, and business cycles. This research sheds light on important macroeconomic events experienced by countries around the world, with the goal of supporting better economic policymaking.
Her American Economic Review paper “Default Risk and Income Fluctuations in Emerging Economies” is widely taught in courses in the United States and abroad. Arellano’s work has also appeared in the Journal of Political Economy, the Review of Economic Studies, and the Journal of International Economics, among others.
The Econometric Society elects new fellows each year. Arellano joins two other economists of the Federal Reserve Bank of Minneapolis, Juan Pablo Nicolini and Manuel Amador, who were also elected by the society in 2009 and 2020, respectively.
The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation’s central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.