Federal Reserve Bank of Atlanta Research Economist and Associate Adviser Anastasios Karantounias

Anastasios Karantounias

Research Economist and Associate Adviser
email :: personal email :: 404-498-8825

To interview economists, press should contact Public Affairs at 470-249-8348.

  • Biography

    Anastasios Karantounias is a research economist and associate adviser on the macroeconomics and monetary policy team in the research department of the Federal Reserve Bank of Atlanta. His major field of study is macroeconomics with a particular emphasis on optimal fiscal and monetary policy, robustness, and imperfect information.

    Prior to joining the Bank in 2008, Dr. Karantounias was a research and teaching assistant at New York University. He also worked as a research intern at the Research and Statistics Division of the Federal Reserve's Board of Governors and the Monetary Policy Strategy Division of the European Central Bank.

    Dr. Karantounias has published in journals including the Review of Economic Studies, American Economic Journal: Macroeconomics, and Theoretical Economics and has continuously presented his research at several conferences, including the meetings of the Society for Economic Dynamics, the American Economic Association, the Econometric Society, and the European Economic Association. He has taught at Emory University and he has been a visiting professor at LUISS Guido Carli and a visiting scholar at Northwestern University and at the Einaudi Institute for Economics and Finance.

    Dr. Karantounias received his doctorate in economics in 2008 from New York University and a master's degree in economics in 2004 from the same institution. He received his bachelor's degree in economics in 2001 from the Athens University of Economics and Business in Athens, Greece.

  • Working Papers

    Atlanta Fed Working Papers

    Doubts about the Model and Optimal Policy
    Anastasios G. Karantounias
    July 2020
    Abstract | Full text Adobe PDF file format (721 KB)

    Overconfidence, Subjective Perception, and Pricing Behavior
    Pierpaolo Benigno and Anastasios G. Karantounias
    (Revised) June 2019
    Abstract | Full text Adobe PDF file format (400 KB)

    A Tax Plan for Endogenous Innovation
    M.M. Croce, A.G. Karantounias, S. Raymond, and L. Schmid
    November 2017
    Abstract | Full text Adobe PDF file format (330 KB)

    Optimal Time-Consistent Taxation with Default
    Anastasios G. Karantounias
    November 2017
    Abstract | Full text Adobe PDF file format (1,309 KB)

    Fiscal Austerity in Ambiguous Times
    Axelle Ferrière and Anastasios G. Karantounias
    March 2016 (revised January 2018)
    Abstract | Full text Adobe PDF file format (1,265 KB)

    Optimal Fiscal Policy with Recursive Preferences
    Anastasios G. Karantounias
    (Revised) January 2018
    Abstract | Full text Adobe PDF file format (895 KB)

    Managing Pessimistic Expectations and Fiscal Policy
    Anastasios G. Karantounias
    Revised March 2012
    Abstract | Full text Adobe PDF file format (270 KB)

  • Other Fed Work



    Anastasios G. Karantounias "Model Uncertainty and Policy Design." Policy Hub (2020-17).
    Abstract | Full text Adobe PDF file format

  • Publications


    "Overconfidence, Subjective Perception and Pricing Behavior" (with Pierpaolo Benigno), Journal of Economic Behavior and Organization 164 (2019): 107–132.

    "Fiscal Austerity in Ambiguous Times" (with Axelle Ferriere), American Economic Journal: Macroeconomics 11, no. 1 (2019): 89–131.

    "Optimal Fiscal Policy with Recursive Preferences," Review of Economic Studies 85, no. 4 (2018): 2283–2317.

    "Managing Pessimistic Expectations and Fiscal Policy," Theoretical Economics 8, no. 1 (2013): 193–231.

    Comment on "The Market Price of Fiscal Uncertainty" by Croce, Nguyen and Schmid, Journal of Monetary Economics 59, no. 5 (2012): 417–421.