Marco Macchiavelli

Marco Macchiavelli serves as assistant professor of finance and co-director of the PhD program. He is also senior fellow of research at the Bank Policy Institute, a banking advocacy group based in Washington DC. 

Prior to joining UMass, Macchiavelli spent seven years at the Board of Governors of the Federal Reserve. There, he worked as an economist on matters related to monetary policy implementation and funding markets. He has also gained additional experience as consultant for the American Financial Exchange. Macchiavelli is active in several research areas including financial intermediation, financial regulations, cybersecurity, and geopolitical risk. He has published in leading finance journals including the Journal of Financial Economics, the Review of Financial Studies, Management Science, and the Journal of Financial and Quantitative Analysis. 

Macchiavelli received his PhD in economics from Boston College and his MA and BA in economics and finance from the University of Bologna.

• Google Scholar

• SSRN

Liquidity Provision in a One-Sided Market: The Role of Dealer-Hedge Fund Relations 

M. Kruttli, M. Macchiavelli, P. Monin, and A. Zhou 

Treasury Financing by Hedge Funds: A Tale of Three Channels 

S. Anbil, A. Anderson, M. Macchiavelli, and A. Xia