IN THIS SECTION

A TEAM OF THOUGHT LEADERS

The leadership team of the Initiative on Global Markets brings together Chicago Booth faculty from diverse backgrounds and perspectives with experience in accounting, microeconomics, macroeconomics, and financial economics. Together, these esteemed scholars oversee and direct IGM’s research on global markets and economic decision-making.

CO-DIRECTORS

Eric Budish

Paul G. McDermott Professor of Economics and Entrepreneurship and Centel Foundation and Robert P. Reuss Faculty Scholar

Eric Budish’s research uses game theory and applied microeconomics tools to study market design: designing the “rules of the game” in a market so that self-interested behavior by market participants leads to economically attractive outcomes. His best-known work, on the design of financial exchanges, has been presented to major exchanges, high-frequency trading firms, broker-dealers, investors, and regulators. He is a research associate with the National Bureau of Economic Research.

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Anil Kashyap

Stevens Distinguished Service Professor of Economics and Finance

Anil Kashyap’s research focuses on banking, business cycles, corporate finance, price setting, and monetary policy. He has won numerous awards, including a Sloan Research Fellowship, the Nikkei Prize for Excellent Books in Economic Sciences, and a Senior Houblon-Norman Fellowship from the Bank of England. He is an external member of the Bank of England’s Financial Policy Committee.

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EXECUTIVE BOARD

Ralph S.J. Koijen

AQR Capital Management Professor of Finance and Fama Faculty Fellow

Ralph Koijen’s research focuses on finance, insurance, and macroeconomics. In addition to appearing in numerous journals, his research has been covered in popular media such as the Financial Times, the Wall Street Journal, and the Economist. A research associate at the National Bureau of Economic Research, Koijen is the 2019 winner of the Fischer Black Prize.

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Guido Lorenzoni

Joseph Sondheimer Professor of Economics

Guido Lorenzoni is Professor of Economics at Booth. He is also a Research Associate at the National Bureau for Economic Research. His fields of research are macroeconomics and international finance. His recent work has focused on the macroeconomic effects of the pandemic, on macroprudential policy, on sovereign debt, and on the effects of housing wealth and household debt on aggregate consumption.

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Chicago Booth

A TEAM OF THOUGHT LEADERS

CO-DIRECTORS

Eric Budish

Anil Kashyap

EXECUTIVE BOARD

Ralph S.J. Koijen

Guido Lorenzoni

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