Urban J. Jermann Faculty Profile

Urban J. Jermann
Safra Professor of International Finance and Capital Markets; Professor of Finance

PhD, The Graduate Institute of International Studies, Geneva, Switzerland, 1994; MA, The Graduate Institute of International Studies, Geneva, Switzerland, 1991; Licence mention economie politique, Universite de Geneve, Faculte des sciences economiques et sociales, Geneva, Switzerland, 1988

Research Areas
International finance; macroeconomics; asset pricing

Current Projects
Extracting information from asset prices about the long-run behavior of the economy. International capital flows.

Academic Positions Held
Wharton: 1994-present (named Safra Professor of Inernational Finance and Capital Markets, 2007; named Safra Associate Professor of International Finance and Capital Markets, 2005). Previous appointments: University of Virginia; Universite de Geneve. Visiting appointment: University of Rochester

Other Positions
Senior Economist, Federal Reserve Bank of Minneapolis, 2000-01; Visiting Scholar, Federal Reserve Bank of Philadelphia, 1997, 1999; Economist, National Australia Bank, Melbourne, 1988-89

Representative Publications
(with F. Alvarez)
"Efficiency, Equilibrium, and Asset Pricing with Risk of Default." Econometrica (2000).

(with F. Alvarez)
"Using Asset Prices to Measure the Cost of Business Cycles." NBER (2000).

(with M. Baxter and R.G. King)
"Nontraded Goods, Nontraded Factors, and International Non-diversification." European Economic Review (1998).