Belarusian Economic Research and Outreach Center
Igor Livshits

Igor Livshits

Academic Advisor at BEROC, Economic Advisor and Economist at Federal Reserve Bank of Philadelphia, Associate Professor University of Western Ontario

Igor Livshits has obtained a Masters degree in Policy Economics from the University of Illinois in 1997 and his Ph.D. in Economics from the University of Minnesota in 2002.

Has received grants from the Arts, Humanities and Social Sciences Fund at the University of Western Ontario in 2003 and 2004, from the Social Sciences and Humanities Research Council of Canada in 2005 and 2008, and from the Insolvency Research Initiative of the Office of Superintendent of Bankruptcy in 2011.

Was a Scholar in the Institutions, Organizations and Growth program of the Canadian Institute for Advanced Research.

Igor’s research has been presented at numerous international conferences, and invited seminars at both universities and central banks; and has been published in the American Economic Review, the American Economic Journal Macroeconomics, the Journal of Economic Theory, the Journal of Monetary Economics, and the Economics Letters.

Research interests: Macroeconomic Theory, Financial Markets, Economic Growth and Development, Political Economy.

Foreign languages: English

Specialized software: Fortran, Matlab


“The Democratization of Credit and the Rise in Consumer Bankruptcies,” with J. MacGee and M. Tertilt, Review of Economic Studies, forthcoming.

“Recent Developments in Consumer Credit and Default Literature,” Journal of Economic Surveys, 2015, 29:4, 594-613.

“Accounting for the Rise in Consumer Bankruptcies,” with J. MacGee and M. Tertilt, American Economic Journal Macroeconomics, 2010, 2, 165-193.

“Uncertainty and the Specificity of Human Capital,” with M. Gervais and C. Meh, Journal of Economic Theory, 2008, 143, 469-498.

“Consumer Bankruptcy: A Fresh Start,” with J. MacGee and M. Tertilt, American Economic Review, 2007, 97:1, 402-418.

“Vested Interests and Technology Adoption,” with B. Bridgman and J. MacGee, Journal of Monetary Economics, 2007, 54, 649-666.

“On Non-Existence of Pure Strategy Markov Perfect Equilibria,” Economics Letters, 2002, 76:3, 393-396