Adriano Rampini

Adriano Rampini

William and Sue Gross Professor of Financial Economics

Academic Area: Finance
Phone Number: +1.919.660.7797

Teaching / Research Interests

Financial Economics, Macroeconomics

Mailing Information

Duke University: The Fuqua School of Business
100 Fuqua Drive
Durham, NC 27708


Adriano Rampini is the William and Sue Gross Professor of Financial Economics and a Professor of Finance and Economics in the finance area at Duke University’s Fuqua School of Business with a secondary appointment in the department of economics. Professor Rampini received his Ph.D. in Economics from the University of Chicago in 1998 and was on the faculty at Northwestern University’s Kellogg School of Management prior to joining Fuqua in 2006. In 2012/2013, he was a Visiting Professor of Economics in the department of economics at Harvard University.

Professor Rampini’s expertise is in financial economics and macroeconomics. He has studied the procyclical nature of capital reallocation as well as the variation of entrepreneurial activity and default over the business cycle. He has also shown that financially constrained firms lease capital assets instead of buying them and buy used capital assets instead of new ones. His recent work on the dynamics of risk management explains why poorly capitalized firms typically do not engage in risk management, a fact previously considered a puzzle. He has also studied the role of collateral in determining the capital structure and is currently studying the financing of durable assets, risk management by households and financial institutions, and the effect of the capitalization of financial intermediaries on financing and the macro economy. In addition, he is interested in the role of government.

Professor Rampini’s research has been published in journals such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Monetary Economics, the Journal of Public Economics, and the Journal of Economic Theory. He received an Alfred P. Sloan Doctoral Dissertation Fellowship, was an invited speaker at the Review of Economic Studies European Meetings, and received the 2008 Jensen Second Prize for the best paper published in the Journal of Financial Economics in the areas of corporate finance and organizations. He is a Director of Foundation for the Advancement of Research in Financial Economics, a past President of the Finance Theory Group, and has served as a Director of the Western Finance Association. He is a Research Fellow of the Centre for Economic Policy Research and Research Associate of the National Bureau of Economic Research. He was a consultant to the Federal Reserve Bank of Chicago and New York, a visiting scholar in the Federal Reserve Bank of Minneapolis and Richmond, the department of economics at MIT, and the finance area at Stanford University’s Graduate School of Business, and the Elwell research visitor in the finance department at the University of Minnesota.