Stephen Matteo Miller

Stephen Matteo Miller

  • Senior Research Fellow

Stephen Matteo Miller is a senior research fellow at the Mercatus Center. He is interested in the origins, effects and resolution of financial crises. After graduating from George Mason University with a PhD in economics, Stephen worked as a consultant for several years at the World Bank. He later moved to Melbourne, Australia, where he worked for almost seven years at Monash University teaching undergraduate and graduate classes in macroeconomics and finance, and administering the PhD program.  Prior to joining Mercatus, Stephen was also a visiting assistant professor at Bryn Mawr College, in Bryn Mawr, PA.  He and his wife proudly hail from the City of Brotherly Love, the birthplace of American democracy.

Charts

Testimony & Comments

Media Clippings

Expert Commentary

Mar 23, 2015

In a competitive market with free entry, bank size doesn't really matter, but regulations can distort firm size. At a recent Senate Banking Committee hearing on Federal Reserve reforms, Professor Allan Meltzer suggested that bank concentration is being driven by the new regulations that disproportionately affect small banks. New charts just released by the Mercatus Center show that the bank concentration trend did not begin with Dodd-Frank, but Dodd-Frank certainly won't halt that decline either.
Feb 10, 2015

Though President Obama's proposed bank tax might seem like a good way to reduce risk-taking among larger financial institutions, the tax would cause numerous unintended consequences. Rather, other policy alternatives can more effectively offer sustainable solutions in which banks make prudent decisions without having to raise fees or decrease services.
Nov 17, 2014

Large markets for standardized goods tend to be impersonal. The market's ability to function depends more on the quantity and quality of goods for sale than on who buys the goods. This applies to markets for financial assets too — and it's important to keep in mind when weighing the potential effects of the current volume of U.S. Treasury debt against the impact of the Federal Reserve's decision to end quantitative easing.
Sep 15, 2014

Unless you’re on the receiving end, it’s hard to approve of corporate welfare like government decreed loan guarantees. That principle underlies recent debates my colleague, Veronique de Rugy, has taken part in over the Export-Import Bank’s future.

Research Areas

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