Asset pricing; household consumption and portfolio choice; econometrics
Understanding the variation in expected stock returns across industries and over the business cycle. Understanding household consumption and portfolio choice, especially the role of health risk in the portfolio decisions of retired households.
(with B. Larrain)
“Does Firm Value Move Too Much to be Justified by Subsequent Changes in Cash Flow?” Journal of Financial Economics 87.1 (January 2008).
(with J.Y. Campbell)
"Efficient Tests of Stock Return Predictability." Journal of Financial Economics 81.1 (July 2006).
"A Consumption-Based Explanation of Expected Stock Returns." Journal of Finance 61.2 (April 2006).
(with Y. Aït-Sahalia and J.A. Parker)
“Luxury Goods and the Equity Premium.” Journal of Finance 59.6 (December 2004).
PhD, Harvard University, 2004; AB, Princeton University, 2000
Zellner Thesis Award in Business and Economic Statistics, American Statistical Association, 2005
Wharton: 2004-present. Visiting appointment: Princeton University
