Education

Ph.D., Economics, Stanford University, 1995-2000

Diplom, Economics, University of Bonn, Germany, 1991-1994

Exchange program with ENSAE, Paris, France, 1993-1994

Vordiplom, Economics, University of Heidelberg, Germany, 1989-1991

Academic Appointments

Joan Kenney Professor of Economics, Department of Economics, Stanford University, 2010-now, Professor of Economics 2008-now.

Professor of Finance and the John Huizinga Faculty Fellow, Graduate School of Business, University of Chicago, 2006 – 2008; Associate Professor 2005-2006;

Assistant Professor 2003-2005.

Assistant Professor, UCLA Anderson School, 2000 – 2003

Monetary Advisor, Federal Reserve Bank of Minneapolis, 2007 – 2008.

NBER Asset Pricing Program Director, 2007 – now

Co-Editor, Journal of Political Economy, 2006 – 2014

NBER Research Associate in the AP, EFG & ME programs, 2001 – now

CEPR Research Affiliate, 2005 – now

Working Group on Global Markets, Stanford University

Affiliated Professor, Ludwig-Maximilians-Universität München, 2008 – now

Awards & Fellows

Fellow of the Econometric Society 2008

Elaine Bennett Research Prize 2006

Bernacer Prize for the Best European Economist under the Age of 40 Working on Finance or Macroeconomics 2005

Chookaszian Endowed Risk Management Prize, 2005

Alfred P. Sloan Research Fellow, 2005-2007

George W. Robbins Award for Teaching Excellence, UCLA, 2003

NSF Grant with John Cochrane, 2002-2004

Zellner Award, 2001

Houblon-Norman Fund Fellow, Bank of England, 2001

Review of Economic Studies Tour, 2000

Bradley Foundation Fellowship, 1999-2000

Alfred P. Sloan Dissertation Fellowship, 1998-1999

German National Academic Foundation Dissertation Fellowship (Deutsche Studienstiftung), 1997-2000

German Academic Exchange Fellowship (DAAD), 1995-1996

Erasmus Fellowship, European Community, 1993-1994

Outstanding Teaching Assistant Awards for Econ 102 (Introduction to Econometrics) and

Econ 103 (Applied Macroeconomics), Stanford, 1997

Selected Publications

“Interest Rate Risk in Credit Markets” (with Martin Schneider) Forthcoming American Economic Review P&P 2010:2

“Momentum traders in the housing market: survey evidence and a search model” (with Martin Schneider), American Economic Review P&P 2009:2, pp. 406-411.

“Futures Prices as Risk-Adjusted Forecasts of Monetary Policy” (with Eric Swanson), Journal of Monetary Economics 2008, 55, May issue, pp. 677-691.

“Inflation Illusion, Credit, and Asset Prices” (with Martin Schneider) 2008 in John Campbell (ed.) Asset Pricing and Monetary Policy, Chicago, IL: Chicago University Press, pp. 147-181

“Asset Prices and Quantities” (with Martin Schneider), Journal of the European Economic Association 2007, 5, p.380-389

“Equilibrium Yield Curves” (with Martin Schneider), 2007, in Daron Acemoglu, Kenneth Rogoff, and Michael Woodford, NBER Macroeconomics Annual 2006, Cambridge MA: MIT press p. 389-442.

“Housing, Consumption, and Asset Pricing” (with Martin Schneider and Selale Tuzel), Journal of Financial Economics 83, March 2007, pp. 531-569, lead article

“Modeling Bond Yields in Finance and Macroeconomics” (with Francis X. Diebold and Glenn Rudebusch) American Economic Review P&P, May 2005, pp. 415-420

“What does the Yield Curve tell us about GDP growth?” (with Andrew Ang & Min Wei), Journal of Econometrics 131, Issues 1-2, March-April 2006, pp. 359-403.

“Bond risk premia” (with John Cochrane) American Economic Review Volume 95, Issue 1, Mar 2005, pp. 138-160

“Bond Yields and the Federal Reserve.” Journal of Political Economy Volume 113, Issue 2, Apr 2005, pp. 311-344.

“Corporate Earnings and the Equity Premium” (with Francis Longstaff), lead article, Journal of Financial Economics Volume 74, Issue 3, Dec 2004, pp. 401-421.

“A No-Arbitrage Vector Autoregression of Term Structure Dynamics with Macroeconomic and Latent Variables” (with Andrew Ang) Journal of Monetary Economics Volume 50, Issue 4, May 2003, 745-787.

“The Fed and interest rates: A high-frequency identification” (with John Cochrane), American Economic Review P&P, May 2002, 92, pp. 90-95

Other Publications

“Estimating Rational Expectations Models” prepared for the New Palgrave

“Affine Term Structure Models” (2010), Handbook of Financial Econometrics Volume 1, Chapter 12, pp. 691-766 edited by Yacine Ait-Sahalia and Lars Peter Hansen North Holland, Elsevier

“The 6D Bias and the Equity-Premium Puzzle: Comment” in Bernanke and K. Rogoff, NBER macroeconomics annual 2001, Volume 16, Cambridge and London: MIT Press, 2002, pp. 317-29.

“The Role of Policy Rules in Inflation Targeting, Commentary” Federal Reserve Bank of Saint Louis Review 2004, 86(4), pp. 113-15.