Hanno Lustig (Stanford University): Fiscal Policy: An Asset Pricing Perspective
Hanno Lustig (Stanford University): Fiscal Policy: An Asset Pricing Perspective
Presentation slides:
https://macfinancesociety.files.wordp...
Full program of the MFS Summer School:
https://macrofinancesociety.org/mfs-v...
Hanno Lustig joined Stanford’s GSB in 2015. Prior to that, he taught at the University of Chicago, the UCLA Economics department and the UCLA Anderson School of Management. He graduated in 2002 from Stanford University with a PhD in economics. He has worked at the intersection of macroeconomics and finance. Recently, his research has focused on the global currency carry trade. In addition, Lustig has explored the impact of government guarantees on the pricing of tail risk borne by large financial institutions. He has been awarded the JP Morgan Award for the Best Paper on Financial Institutions and Markets in 2012 as well as the NASDAQ OMX Award for the Best Paper on Asset Pricing in 2010. Lustig is a Faculty Research Fellow at the NBER and an associate editor at the Journal of Finance. Lustig is also a founding member of the Macro Finance Society.
The mission of the Macro Finance Society (https://macrofinancesociety.org/) is to advance and disseminate high-quality research in Macro Finance, which is a broad area at the intersection of financial economics and macroeconomics. The research conducted at The Society emphasizes microeconomic foundations via (dynamic) structural modeling, while being grounded in the data. Members of The Society consist of both financial economists and macroeconomists, who share the common goal of advancing and disseminating high-quality research in Macro Finance.
Macro-finance addresses the link between asset prices and economic fluctuations. Macroeconomics (from the Greek prefix makro- meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. Macroeconomists study topics such as GDP, unemployment rates, national income, price indices, output, consumption, unemployment, inflation, saving, investment, energy, international trade, and international finance. Asset prices are the prices for which financial instruments, such as stocks, bonds, currencies, etc., are bought and sold.
Macro Finance Society web-site: https://macrofinancesociety.org/
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