Faculty

Rod Garratt

Maxwell C. and Mary Pellish Chair, Professor of Economics
Email:
rod.garratt@ucsb.edu
Office:
North Hall 3046
Current Research:
Economic theory, behavioral economics, monetary theory.

About Rod Garratt

Rod Garratt holds the Maxwell C. and Mary Pellish Chair in Economics at the University of California Santa Barbara. He is a theorist who specializes in applied game theory. He is known for his work on strategic incentives in payment systems and has consulted on payment systems for the Bank of Canada, Payments Canada, the Bank of England, the Federal Reserve Bank of New York, De Nederlandsche Bank and the Central Bank of Serbia. He was a Research Advisor at the Bank of England from 2009-2010 and was a Vice President in the Money and Payments Studies division of the Federal Reserve Bank of New York from 2013-2015. From 2014-2015 he co-lead the Virtual Currency Working Group for the Federal Reserve System. In addition to numerous works on large value payment systems, Garratt has published theoretical and experimental work related to auctions and helped develop a growing literature on the role of speculators in auctions with resale. He also pioneered the use of information-theoretic clustering techniques to describe behavior and identify risks in complex financial networks. Garratt received his undergraduate degree form the University of Waterloo and his Ph.D. from Cornell University. He has published in the top economics journals including Econometrica, the American Economic Review and the Journal of Political Economy. He is an Associate Editor of the Journal of Financial Market Infrastructures, the Journal of Network Theory in Finance and the Journal of Public Economic Theory. He has held visiting positions at the University of Arizona and UCLA. He is currently an Advisory Board Member of R3.