Stavros Panageas studies asset pricing and macroeconomics. Previously he has taught at the Wharton School of the University of Pennsylvania. He is a Faculty Research Fellow of the National Bureau of Economic Research and he has been a visiting scholar at the Federal Reserve Bank of Minneapolis and the London School of Economics.
He has worked as a fixed income quantitative analyst for Fidelity Investments and was a co-founder and board member of AIAS NET, one of the first Greek Internet service providers. Panageas's published works include "Saving and Investing for Early Retirement: A Theoretical Analysis" with E. Farhi in Journal of Financial Economics, “High water marks, high risk appetites? Convex compensation, long horizons, and portfolio choice” with M. Westerfield in Journal of Finance, and "Optimal Inattention to the Stock Market" with A. B. Abel and J. C. Eberly in American Economic Review. He has made presentations at Harvard, MIT, Princeton, Stanford, Yale, Columbia, NYU, Kellogg, Berkeley, UCLA, and several other universities in the United States and abroad. He also has presented his scholarly work at academic conferences, including the American Economic Association Meetings, the National Bureau of Economic Research Summer Institute, the Western Finance Association, the Society for Economic Dynamics and the Utah Winter Finance Conference.
He is the recipient of a Rodney White Research Grant, two Geewax, Terker Prizes in Investment Research from the Rodney L. White Center for Financial Research, and a Paul Alther Prize for the best undergraduate thesis at the University of St. Gallen. Panageas is a referee for several journals, including American Economic Review, Econometrica, the Journal of Finance, the Journal of Political Economy, the Review of Economic Studies, and the Review of Financial Studies.
Panageas earned a Lizentiat in economics from the University of St. Gallen in 1997 and a PhD in economics from the Massachusetts Institute of Technology in 2005. He joined the Chicago Booth faculty in 2008.
In his free time, Panageas enjoys skiing and swimming.
2013 - 2014 Course Schedule
||Topics in Asset Pricing
Skiing, swimming, travel.
Technological innovations, the macroeconomy and asset prices; overlapping generations and asset pricing; retirement system design; portfolio choice by individual investors and professional managers; investment theory in speculative markets; bailouts; hedging of macroeconomic risks.
With E. Farhi, "Saving and Investing for Early Retirement: A Theoretical Analysis," Journal of Financial Economics (2007).
With A.B. Abel and J. C. Eberly, "Optimal Inattention to the Stock Market," American Economic Review P&P (2007).
With M. Westerfield, "High-Water marks, High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio choice," Journal of Finance (2009).
“Bailouts, the incentive to manage risk, and financial crises” Journal of Financial Economics (2010).
“Optimal Taxation in the presence of Bailouts” Journal of Monetary Economics (2010).
For a listing of research publications please visit
’s university library listing