Christos Makridis

Web3 and Labor Economist in Academia, Entrepreneurship, and Policy

Nashville, TN

Research Interests

Finance
Economics and Econometrics
Accounting
Pharmacology (medical)
Law
Organizational Behavior and Human Resource Management
Strategy and Management
Computer Networks and Communications
Political Science and International Relations
Safety, Risk, Reliability and Quality
Social Psychology
Education
Geography, Planning and Development
Health Information Management
Health Informatics
Computer Science Applications

About

Christos A. Makridis holds academic appointments at Columbia Business School, Stanford University, Baylor University, University of Nicosia, and Arizona State University. He is also an adjunct scholar at the Manhattan Institute, senior adviser at Gallup, and senior adviser at the National AI Institute in the Department of Veterans Affairs. Christos is the CEO/co-founder of [Dainamic](https://www.dainamic.ai/), a technology startup working to democratize the use and application of data science and AI techniques for small and mid sized organizations, and CTO/co-founder of [Living Opera](https://www.livingopera.org/), a web3 startup working to bridge classical music and blockchain technologies. Christos previously served on the White House Council of Economic Advisers managing the cybersecurity, technology, and space activities, as a Non-resident Fellow at the Cyber Security Project in the Harvard Kennedy School of Government, as a Digital Fellow at the Initiative at the Digital Economy in the MIT Sloan School of Management, a a Non-resident Research Scientist at Datacamp, and as a Visiting Fellow at the Foundation for Defense of Democracies. Christos’ primary academic research focuses on labor economics, the digital economy, and personal finance and well-being. He has published over 70 peer-reviewed research papers in academic journals and over 170 news articles in the press. Christos earned a Bachelor’s in Economics and Minor in Mathematics at Arizona State University, as well a dual Masters and PhDs in Economics and Management Science & Engineering at Stanford University.

Publications

Extreme local temperatures lower expressed sentiment about U.S. economic conditions with implications for the stock returns of local firms

Journal of Behavioral and Experimental Finance / Jul 01, 2022

Makridis, C. A., & Schloetzer, J. D. (2022). Extreme local temperatures lower expressed sentiment about U.S. economic conditions with implications for the stock returns of local firms. Journal of Behavioral and Experimental Finance, 100710. https://doi.org/10.1016/j.jbef.2022.100710

The Distribution of Nonwage Benefits: Maternity Benefits and Gender Diversity

The Review of Financial Studies / Jun 22, 2022

Liu, T., Makridis, C. A., Ouimet, P., & Simintzi, E. (2022). The Distribution of Nonwage Benefits: Maternity Benefits and Gender Diversity. The Review of Financial Studies. https://doi.org/10.1093/rfs/hhac039

House Prices and Consumption: A New Instrumental Variables Approach

SSRN Electronic Journal / Jan 01, 2018

Graham, J. (2018). House Prices and Consumption: A New Instrumental Variables Approach. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3285263

On the Cyclicality of Real Wages and Employment: New Evidence and Stylized Facts from Performance Pay and Fixed Wage Jobs

The Journal of Law, Economics, and Organization / Dec 02, 2021

Makridis, C. A., & Gittleman, M. (2021). On the Cyclicality of Real Wages and Employment: New Evidence and Stylized Facts from Performance Pay and Fixed Wage Jobs. The Journal of Law, Economics, and Organization. https://doi.org/10.1093/jleo/ewab032

Did the paycheck protection program hit the target?

Journal of Financial Economics / Sep 01, 2022

Granja, J., Makridis, C., Yannelis, C., & Zwick, E. (2022). Did the paycheck protection program hit the target? Journal of Financial Economics, 145(3), 725–761. https://doi.org/10.1016/j.jfineco.2022.05.006

Sectoral digital intensity and GDP growth after a large employment shock: A simple extrapolation exercise

Canadian Journal of Economics/Revue canadienne d'économique / Jan 05, 2022

Gallipoli, G., & Makridis, C. A. (2022). Sectoral digital intensity and GDP growth after a large employment shock: A simple extrapolation exercise. Canadian Journal of Economics/Revue Canadienne d’économique, 55(S1), 446–479. Portico. https://doi.org/10.1111/caje.12553

Stuck in the Seventies: Gas Prices and Consumer Sentiment

The Review of Economics and Statistics / Mar 01, 2022

Binder, C., & Makridis, C. (2022). Stuck in the Seventies: Gas Prices and Consumer Sentiment. The Review of Economics and Statistics, 104(2), 293–305. https://doi.org/10.1162/rest_a_00944

Do data breaches damage reputation? Evidence from 45 companies between 2002 and 2018

Journal of Cybersecurity / Jan 01, 2021

Makridis, C. A. (2021). Do data breaches damage reputation? Evidence from 45 companies between 2002 and 2018. Journal of Cybersecurity, 7(1). https://doi.org/10.1093/cybsec/tyab021

(Why) Is There a Public/Private Pay Gap?

Journal of Government and Economics / Jan 01, 2021

Makridis, C. A. (2021). (Why) Is There a Public/Private Pay Gap? Journal of Government and Economics, 1, 100002. https://doi.org/10.1016/j.jge.2021.100002

Pandemic response policies’ democratizing effects on online learning

Proceedings of the National Academy of Sciences / Mar 11, 2021

Kizilcec, R. F., Makridis, C. A., & Sadowski, K. C. (2021). Pandemic response policies’ democratizing effects on online learning. Proceedings of the National Academy of Sciences, 118(11). https://doi.org/10.1073/pnas.2026725118

The impact of COVID-19 on the U.S. child care market: Evidence from stay-at-home orders

Economics of Education Review / Jun 01, 2021

Ali, U., Herbst, C. M., & Makridis, C. A. (2021). The impact of COVID-19 on the U.S. child care market: Evidence from stay-at-home orders. Economics of Education Review, 82, 102094. https://doi.org/10.1016/j.econedurev.2021.102094

Moving to opportunity? The geography of the foreclosure crisis and the importance of location

Journal of Economic Geography / Mar 26, 2021

Makridis, C. A., & Ohlrogge, M. (2021). Moving to opportunity? The geography of the foreclosure crisis and the importance of location. Journal of Economic Geography, 22(1), 159–180. https://doi.org/10.1093/jeg/lbaa031

Is Recycling Effective? Evidence from California between 2004 and 2017

Land Economics / Feb 01, 2021

Makridis, C. A. (2021). Is Recycling Effective? Evidence from California between 2004 and 2017. Land Economics, 97(1), 246–261. https://doi.org/10.3368/wple.97.1.021720-0023

Do Managers Matter? A Natural Experiment from 42 R&D Labs in India

The Journal of Law, Economics, and Organization / Dec 02, 2019

Choudhury, P., Khanna, T., & Makridis, C. A. (2019). Do Managers Matter? A Natural Experiment from 42 R&D Labs in India. The Journal of Law, Economics, and Organization, 36(1), 47–83. https://doi.org/10.1093/jleo/ewz019

Structural transformation and the rise of information technology

Journal of Monetary Economics / Aug 01, 2018

Gallipoli, G., & Makridis, C. A. (2018). Structural transformation and the rise of information technology. Journal of Monetary Economics, 97, 91–110. https://doi.org/10.1016/j.jmoneco.2018.05.005

Validating RefUSA micro-data with the Longitudinal Employer-Household Dynamics Data

Economics Letters / Mar 01, 2017

Makridis, C. A., & Ohlrogge, M. (2017). Validating RefUSA micro-data with the Longitudinal Employer-Household Dynamics Data. Economics Letters, 152, 83–87. https://doi.org/10.1016/j.econlet.2017.01.001

Ethical Applications of Artificial Intelligence: Evidence From Health Research on Veterans

JMIR Medical Informatics / Jun 02, 2021

Makridis, C., Hurley, S., Klote, M., & Alterovitz, G. (2021). Ethical Applications of Artificial Intelligence: Evidence From Health Research on Veterans. JMIR Medical Informatics, 9(6), e28921. https://doi.org/10.2196/28921

Leveraging machine learning to characterize the role of socio-economic determinants on physical health and well-being among veterans

Computers in Biology and Medicine / Jun 01, 2021

Makridis, C. A., Zhao, D. Y., Bejan, C. A., & Alterovitz, G. (2021). Leveraging machine learning to characterize the role of socio-economic determinants on physical health and well-being among veterans. Computers in Biology and Medicine, 133, 104354. https://doi.org/10.1016/j.compbiomed.2021.104354

The impact of health on economic and social outcomes in the United Kingdom: A scoping literature review

PLOS ONE / Dec 31, 2018

Gondek, D., Ning, K., Ploubidis, G. B., Nasim, B., & Goodman, A. (2018). The impact of health on economic and social outcomes in the United Kingdom: A scoping literature review. PLOS ONE, 13(12), e0209659. https://doi.org/10.1371/journal.pone.0209659

Designing COVID-19 mortality predictions to advance clinical outcomes: Evidence from the Department of Veterans Affairs

BMJ Health & Care Informatics / Jun 01, 2021

Makridis, C. A., Strebel, T., Marconi, V., & Alterovitz, G. (2021). Designing COVID-19 mortality predictions to advance clinical outcomes: Evidence from the Department of Veterans Affairs. BMJ Health & Care Informatics, 28(1), e100312. https://doi.org/10.1136/bmjhci-2020-100312

Measuring the economic effects of data breaches on firm outcomes: Challenges and opportunities

Journal of Economic and Social Measurement / Jul 19, 2018

Makridis, C., & Dean, B. (2018). Measuring the economic effects of data breaches on firm outcomes: Challenges and opportunities. Journal of Economic and Social Measurement, 43(1–2), 59–83. https://doi.org/10.3233/jem-180450

Are School Reopening Decisions Related to Union Influence?

Social Science Quarterly / Mar 25, 2021

DeAngelis, C. A., & Makridis, C. (2021). Are School Reopening Decisions Related to Union Influence? Social Science Quarterly, 102(5), 2266–2284. Portico. https://doi.org/10.1111/ssqu.12955

How social capital helps communities weather the COVID-19 pandemic

PLOS ONE / Jan 29, 2021

Makridis, C. A., & Wu, C. (2021). How social capital helps communities weather the COVID-19 pandemic. PLOS ONE, 16(1), e0245135. https://doi.org/10.1371/journal.pone.0245135

Human flourishing and religious liberty: Evidence from over 150 countries

PLOS ONE / Oct 01, 2020

Makridis, C. A. (2020). Human flourishing and religious liberty: Evidence from over 150 countries. PLOS ONE, 15(10), e0239983. https://doi.org/10.1371/journal.pone.0239983

Determinants of cyber readiness

Journal of Cyber Policy / Jan 02, 2019

Makridis, C. A., & Smeets, M. (2019). Determinants of cyber readiness. Journal of Cyber Policy, 4(1), 72–89. https://doi.org/10.1080/23738871.2019.1604781

Education

Stanford University

Dual Ph.D., Economics and Management Science & Engineering / June, 2018

Stanford, California, United States of America

Arizona State University

B.S., Economics and Mathematics / May, 2012

Tempe, Arizona, United States of America

Experience

Stanford University

Digital Fellow / August, 2020Present

Department of Veterans Affairs

Senior Adviser, National AI Institute / January, 2020Present

Columbia Business School

Adjunct Associate Research Scholar / February, 2022Present

University of Nicosia

Adjunct Associate Professor / February, 2022Present

Arizona State University

Assistant Research Professor / November, 2019Present

Manhattan Institute

Adjunct Fellow / July, 2021Present

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