Anton I. Badev

Federal Reserve Board
20th & C Streets, NW
Mail Stop 188
Washington, D.C. 20551
anton.badev [at]

About Me

I am an Economist at the Federal Reserve Board and a visiting scholar at Carnegie Mellon. I completed my Ph.D. at the University of Pennsylvania under the supervision of Kenneth Wolpin, George Mailath and Petra Todd.


My broad research interests include empirical microeconomics and applied microeconomic theory. Currently I am working on social and financial networks.

  1. The Network of Large-Value Loans in the U.S.: Concentration and Segregation, (with Daniel Ebanks)
  2. Measuring Systemicness in the U.S. Insurance Industry, (with Nathan Foley-Fisher, Borghan Narajabad, Stephane Verani)
  3. Discrete Games in Endogenous Networks: Theory and Policy [arxiv 12/2018] [arxiv 5/2017], [QME 6/2012] (Revision invited at Econometrica)
  4. Social Networks and the Stepping Stone Effect: The Case of Tobacco and Marijuana
  5. Distributed ledger technology in payments, clearing and settlement [link]
  6. Bitcoin: Technical Background and Data Analysis [PDF]
  7. Housing Finance Across Countries: New Data and Analysis (with Thorsten Beck, Ligia Vado, and Simon Walley) [PDF]
  8. Maternal Beliefs and the Technology of Skill Formation (Older work with Flavio Cunha)