Robert Morris Professor of Banking; Professor of Finance, The Wharton School
Asset pricing, macro-finance, and applied time series econometrics
Professor Amir Yaron is the Robert Morris Professor of Banking and professor of Finance at the Wharton School, University of Pennsylvania. Professor Yaron received his PhD in Economics from the University of Chicago, and his BA and MA in Economics from Tel-Aviv University. He is co-editor of the Review of Asset Pricing Studies, and associate editor of Quantitative Economics and Financial Research Letters; serves on the Advisory Board of the Journal of Monetary Economics Carnegie-Rochester-NYU Conference Series on Public Policy; and currently is the president of FARFE. At the National Bureau of Economic Research, he is a research associate in the Asset Pricing group and also co-heads the Capital Markets and Economy group. Professor Yaron’s research interests span asset pricing, macro-finance, financial econometrics, and household finance. His research is published in leading journals including the Journal of Political Economy, the Review of Financial Studies, the American Economic Review, and the Journal of Finance, where his paper “Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles” won the 2004 Smith Breeden Distinguished Paper Award. In 2008, his paper “Sources of Lifetime Inequality” won the Geewax, Terker, — Company First Prize in Investment Research. Professor Yaron’s teaching expertise/focus is in the areas of investment and asset pricing, international investments, and multinational firms. Many of his PhD students have placed at leading academic institutions and in the risk management industry. Professor Yaron has been a visiting scholar in the Federal Reserve Bank in Philadelphia, Bank of Israel, CEMFI-Spain, IIES-Sweden, and the IMF.
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