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Project Collaborator

François Velde

Senior Economist and Economic Advisor Federal Reserve Bank of Chicago


François Velde is a senior economist and economic advisor in the economic research department at the Federal Reserve Bank of Chicago. Velde's primary research on monetary history and monetary theory has been published in numerous journals. His research topics include medieval currency debasements, the monetary history of the United States, dollarization in Argentina and the macroeconomics of the French revolution. In 2002, Velde and Thomas Sargent co-authored the book The Big Problem of Small Change (Princeton University Press), which studies how monetary systems in Western European economies evolved in response to recurring shortages and depreciation of small change.Prior to joining the Chicago Fed as an economist in 1997, Velde was an assistant professor of economics at Johns Hopkins University. He is currently a visiting lecturer at the University of Chicago.Velde earned an undergraduate degree at the École Polytechnique in France and a Ph.D. in economics at Stanford University.


Economic Analysis of Ancient Trade: The Case of the Old Assyrian Merchants of the 19th Century BCE

2015 – 2018