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Pietro Veronesi
Roman Family Professor of Finance and Robert King Steel Faculty Fellow
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Pietro Veronesi conducts research that focuses on asset pricing, stock and bond valuation under Bayesian uncertainty and learning, stock market bubbles and crashes, and equilibrium models of return predictability and stochastic volatility. Veronesi is a research associate of the National Bureau of Economic Research and a research fellow of the Center for Economic and Policy Research. Veronesi teaches both masters- and PhD-level courses.
His work has appeared in numerous publications, including the Journal of Political Economy, American Economic Review, Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. Along with coauthor Lubos Pastor, he was honored at the European Finance Association Conference with the 2006 Barclays Global Investors Prize for Best Paper for "Technological Revolutions and Stock Prices." Their research explains why stock prices of innovative companies tend to exhibit bubble-like patterns during technological revolutions. He also has won the 2008 WFA award as best paper on capital formation; one of the 2006 Fama/DFA prizes for the best article in the Journal of Financial Economics ; the 2003 Smith Breeden First Prize for the best article in asset pricing in the Journal of Finance; and the 1999 Barclays Global Investors/Michael Brennan First Prize for Best Article in the Review of Financial Studies.
Veronesi is a co-editor of the Review of Financial Studies as well as on the advisory board of a number of journals and a referee for numerous more.
His undergraduate work was in economics at Bocconi University where he received a laurea magna cum laude with honor in 1992. He earned a master's degree with distinction in 1993 from the London School of Economics. He joined the Chicago Booth faculty upon obtaining his PhD in Economics from Harvard University in 1997.
Selected Publications
With E. Benmelech and E. Kandel, “Stock Compensation and CEO (Dis)Incentives,” Quarterly Journal of Economics (2010).
With L. Zingales, “Paulson’s Gift,” Journal of Financial Economics (2010).
With L.Pastor, “Tecnological Revolutions and Stock Prices,” American Economic Review (2009).
With L. Menzly and T. Santos, "Understanding Predictability," Journal of Political Economy (2004).
With L. Pastor, "Stock Valuation and Learning about Profitability," Journal of Finance (2003).
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Courses
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| 35100 |
Financial Instruments |
2011(Fall)
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| 35130 |
Fixed Income Asset Pricing |
2011(Fall)
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| 35131 |
Financial Engineering: Cases in Financial Risk Management |
2012(Winter)
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| 35132 |
Financial Engineering: Mathematical Models of Option Pricing and their Estimation |
2012(Winter)
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