Vladimir Asriyan is ICREA Research Professor at Centre de Recerca en Economia Internacional, Research Fellow at the Centre for Economic Policy Research, and an Affiliated Professor at the Barcelona School of Economics. He was born in Yerevan, Armenia and, prior to moving to Barcelona, obtained a B.A. in Economics and Mathematics from the University of California-San Diego and a Ph.D. in Economics from the University of California-Berkeley. His research lies at the intersection of macroeconomics and finance, and its broad objective is to understand how imperfections in the functioning of financial markets impact the macroeconomy and what implications this has for corrective policy. His research has furthered our understanding of the origins of financial crises and how policymakers should aim to manage these major economic phenomena.
My research is at the intersection of macroeconomics and finance, and it focuses on studying imperfections in financial markets and how they hinder economic activity. One strand of my work studies markets plagued with information asymmetries. The takeaway from this work is that information asymmetries are an important source of economic fragility, and the commonly discussed policies aimed at dealing with them may backfire instead of achieving the stated objectives. Further, my research provides a blueprint for thinking about the design of optimal interventions in markets. Another, more recent strand of my research focuses on the closely related question of understanding credit cycles. This work, for instance, has shown how credit cycles affect the efficiency of resource allocation in the economy, and why understanding the origins of credit cycles is important for the effective design of corrective policies.