Bio

Professor Amir Yaron is the Robert Morris Professor of Banking, Professor of Finance at The Wharton School, University of Pennsylvania. Professor Yaron received his Ph.D. in economics from the University of Chicago, and his B.A. and M.A. in economics from Tel‐Aviv University. He was the Co‐ Editor of the Review of Asset Pricing Studies, Associate Editor of Quantitative Economics and Financial Research Letters, and serves on the Advisory Board of the Journal of Monetary Economics Carnegie‐NYU‐Rochester Conference Series on Public Policy, and currently is the President of the Foundation for the Advancement of Research in Financial Economics (FARFE). At the National Bureau of Economic Research (NBER), he is a research associate in the Asset Pricing group and also co‐heads the Capital Markets & Economy group. Professor Yaron’s research interests span asset pricing, macro-finance, financial econometrics, and household finance. His research is published in leading journals including the Journal of Political Economy, the Review of Financial Studies, the American Economic Review, and the Journal of Finance, where his paper “Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles,” won the 2004 Smith Breeden Distinguished Paper Award. The Bansal-Yaron model of Long Run Risks is one of the leading asset pricing models and has been surveyed in the 2013 Nobel scientific document and cited as "has been quite influential and has led to a number of follow-up studies." In 2008, his paper “Sources of Lifetime Inequality” won The Geewax, Terker, & Company First Prize in Investment Research. Professor Yaron teaching expertise/focus is in the areas of investment and asset pricing, international investments, and multinational firms. Many of his Ph.D. students have been placed at leading academic institutions and in the risk management industry. Professor Yaron has been a visiting scholar in the Federal Reserve Bank in Philadelphia, Bank of Israel, CEMFI-Spain, IIES-Sweden, Goethe University, the IMF, IIES, MIT, and University of Chicago.

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