Our Team
Santiago Pinto
Santiago Pinto is a senior economist and policy advisor in the Research Department. He joined the Federal Reserve Bank of Richmond in 2012 after serving as an associate professor of economics at West Virginia University, where he had worked since 2002.
Pinto's research interests are in the area of applied microeconomics, specifically in the fields of urban and regional economics, public economics, and state and local public finance. His research work has focused on issues related to household mobility, local labor markets, regional assistance to poor households when their income is not observed, and on the equality of opportunity of access to specific goods. Pinto has also worked on a number of issues related to fiscal competition across jurisdictions, including state corporate income tax systems and the implications of using a formula apportionment system, and on urban crime. Simultaneously, he has been developing a line of research on the political determinants of foreign direct investment and on the information content of diffusion indices.
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Academic Publications
International Journal of Central Banking, Vol. 16, September 2020: 47-100Previous Version: Working Paper, August 2015, No. 15-09Distance and Decline: The Case of Petersburg, VirginiaVirginia Economic Journal, Vol. 22, 2018: 1-28Previous Version: Working Paper, October 2018, No. 18-16European Economic Review, Vol. 92, February 2017: 283-305Review of Regional Studies, Vol 46, 2016: 117-126Journal of Public Economic Theory, Vol. 13, June 2011: 443-462Journal of Regional Science, Vol. 49, December 2009: 977-996Economics & Politics, Vol. 20, June 2008: 216-254Journal of Regional Science, Vol. 47, December 2007: 897-913Journal of Urban Economics, Vol. 62, July 2007: 76-102Económica, Vol. 52, 2006: 15-51Journal of Public Economics, Vol. 90, January 2006: 143-169Journal of Urban Economics, Vol. 53, November 2004: 536-553Journal of Urban Economics, Vol. 51, May 2002: 469-496
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Books and Book Chapters
"Regional Policy and Fiscal Competition" in Regional Research Frontiers - Vol. 1, edited by Randall Jackson and Peter Schaeffer, Springer, 2017.
Politics and Foreign Direct Investment (with Nathan Jensen, Glenn Biglaiser, Quan Li, Edmund Malesky, and Pablo Pinto), University of Michigan Press, 2012.
"Argentina's Privatization: Effects on Income Distribution" (with H. M. Ennis) in Reality Check: The Distributional Impact of Privatization in Developing Countries, edited by John Nellis and Nancy Birdsall, The Brookings Institution, 2005.
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Working Papers
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Bank Publications
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Regional Matters
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Media Mentions
"The Ongoing Recovery From Pandemic-Era Learning Losses," Speaking of the Economy, January 22, 2025.
"When Opportunity Leaves, the Government Has Two Choices," The New York Times, October 18, 2024.
"10 ways researchers can help journalists avoid errors when reporting on academic studies," The Journalist's Resource (Harvard Kennedy School), April 24, 2024.
"Is There a Place for Place-Based Policies?," Speaking of the Economy, April 10, 2024.
"We're Still Assessing the Considerable Damage from Pandemic-Era Education Policy," AEIdeas Blog (American Enterprise Institute), January 24, 2024.
"Learning Losses During the Pandemic," Speaking of the Economy, October 11, 2023.
"The Daily Commute: Connections Between Communities," Speaking of the Economy, March 15, 2023.
"What Surveys Say About the Regional and National Economy," Speaking of the Economy, December 7, 2022.
"The Economics of Crime and Policing," Speaking of the Economy, February 10, 2022.
"COVID-19 and the Classroom," Speaking of the Economy, November 4, 2020.