Vladimir Asriyan

Vladimir Asriyan

Centre de Recerca en Economia Internacional

Social & Behavioural Sciences

Vladimir Asriyan is an ICREA Research Professor at the Centre de Recerca en Economia Internacional (CREI), a Research Fellow at the Centre for Economic Policy Research (CEPR), and an Affiliated Professor at the Barcelona School of Economics.
Born in Yerevan, Armenia, he earned a B.A. in Economics and Mathematics from the University of California, San Diego, and a Ph.D. in Economics from the University of California, Berkeley, before moving to Barcelona.
His research lies at the intersection of macroeconomics and finance. Its overarching objective is to understand how imperfections in market functioning shape macroeconomic outcomes and to derive implications for economic policy. His work has contributed to our understanding of the origins of financial crises and the role of policy in mitigating and managing them. More recently, his research delves into the macroeconomic implications of the rise of data and on how firms adapt their behavior in increasingly data-driven economies.

Research interests

My research lies at the intersection of macroeconomics and finance and focuses on understanding how imperfections in market functioning hinder economic activity and shape macroeconomic outcomes. A central theme of my work is the role of financial frictions, particularly those arising from information asymmetries. One strand of my research studies markets plagued by asymmetric information. A key insight from this work is that information frictions are an important source of economic fragility, and policies commonly proposed to address them may backfire rather than achieve their intended objectives. This research contributes to a deeper understanding of policy design in imperfect markets. A related strand of my work studies credit cycles and their effects on resource allocation and policy design. More recently, I have begun to develop a new research agenda on the macroeconomics of data, studying how the increasing reliance on data reshapes firms’ behavior and organation.

Selected publications

- Asriyan V, Laeven L, Martin A, van der Ghote A & Vanasco V 2025, 'Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium', The Review of Economic Studies, Volume 92, Issue 4, July 2025, Pages 2197–2227.