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Three Chicago Booth Faculty Named Sloan Fellows

February 15, 2011

Three University of Chicago Booth School of Business faculty members – Jesse Shapiro, Veronica Guerrieri and Amir Sufi – were named Alfred P. Sloan Research Fellows for 2011. Over the past 10 years, a total of nine Sloan winners were on the faculty of a business school at the time of the award. Six of the nine were at Chicago Booth.

Awarded annually since 1955, the fellowships are given to early-career scientists and scholars in recognition of achievement and the potential to contribute substantially to their field.

"The scientists and researchers selected for this year's Sloan Research Fellowships represent the very brightest rising stars of this generation of scholars," said Paul L. Joskow, president of the Alfred P. Sloan Foundation. Grants of $50,000 for a two-year period are administered by each Fellow's institution.

Shapiro, a professor of economics, studies the economics of communication and persuasion in industrial organization and political economy. He teaches M.B.A. courses in competitive strategy.

Shapiro collaborates on much of his research with Matthew Gentzkow, also a professor of economics at Booth and recipient of a Sloan Fellowship in 2009. Their recent joint research includes "What Drives Media Slant? Evidence from U.S. Daily Newspapers," published in the journal Econometrica, January 2010.

Shapiro and Gentzkow also wrote "Ideological Segregation Online and Offline," in April 2010, as a working paper for the National Bureau of Economic Research. The paper used individual and aggregate data to ask how the Internet is changing the ideological segregation of the American electorate.

Before joining the Booth faculty in 2007, Shapiro was the inaugural Becker Fellow at the Becker Center on Chicago Prize Theory at Booth. He attended Harvard University, where he earned a bachelor's degree summa cum laude in economics, a master's degree in statistics and a Ph.D. in economics.

Guerrieri, associate professor of economics, is a macroeconomist who specializes in search theory, labor and financial market frictions, dynamic contracting, and economic growth. During the current academic year she is teaching M.B.A. courses in macroeconomics.

One of Guerrieri’s areas of research is the role of informational asymmetries in decentralized markets. Her recent work on this topic includes "Adverse Selection in Competitive Search Equilibrium," with Robert Shimer and Randall Wright, published in Econometrica, 2010, and "Inefficient Unemployment Dynamics under Asymmetric Information," in the Journal of Political Economy, 2008.

She also studied how credit access affects aggregate economic volatility in "Liquidity and Trading Dynamics," with Guido Lorenzoni, published in Econometrica, 2009, and structural change across sectors in growing economies in "Capital Deepening and Non-Balanced Economic Growth," with Daron Acemoglu in the Journal of Political Economy, 2008.

Guerrieri received the 2010 Excellence Award in Global Economic Affairs from the Kiel Institute for the World Economy, in Germany. She is associate editor of Theoretical Economics and she co-organized, with Jonathan Heathcote, the annual Minnesota Workshop in Macroeconomic Theory in 2010. She earned a bachelor’s degree summa cum laude in economics from Bocconi University in Milan, a master’s degree in economics from Bocconi University, and a Ph.D. in economics from MIT. She joined the Booth faculty in 2006.

Sufi is an associate professor of finance and studies the broad areas of financial intermediation, corporate finance, and household finance.

His research has been published in the American Economic Review, the Journal of Finance, and the Quarterly Journal of Economics. He won the Brattle Prize from the Journal of Finance and the inaugural Young Researcher Prize from the Review of Financial Studies.

Sufi’s research on housing and the economy has been profiled in The Wall Street Journal, The Economist and NPR’s Morning Edition. He is associate editor of five academic journals: the Journal of Financial Intermediation, the Journal of Financial Services Research, the Quarterly Journal of Economics (starting 2011), the Review of Corporate Studies, and the Review of Financial Studies.

During the current academic year he is teaching courses in corporate finance and the theory of financial decisions. He also directs a seminar in finance.

A member of the Booth faculty since 2005, Sufi graduated Phi Beta Kappa from the Walsh School of Foreign Service at Georgetown University with a bachelor’s degree in economics. He earned a Ph.D. in economics from MIT.

For 2011, 118 early career scientists, mathematicians and economists were named as Alfred P. Sloan Research Fellows. The winners are faculty members at 54 colleges and universities in the U.S. and Canada.

Chicago Booth is one of the leading business schools in the world. The school's faculty includes many renowned scholars and its graduates include many business leaders across the U.S. and worldwide.

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Chicago Booth offers a full-time M.B.A. program, an evening M.B.A. program, a weekend M.B.A. program and an executive M.B.A. program in Chicago, London and Singapore. The school also offers open enrollment executive education and custom corporate education.