My research and policy work focuses on monetary policy and asset pricing.

I work as Senior Adviser for Research & Policy at the Federal Reserve Board. Previously I held positions as a professor at University of California Berkeley, Northwestern University and University of Chicago. I have served as academic adviser to Sveriges Riksbank and a member of the academic advisory panel of the Federal Reserve Bank of San Francisco. I have been associate editor of the Journal of Finance and served as elected director of the American Finance Association and the European Finance Association.

I am a member of the American Academy of Arts and Sciences and a fellow of the Econometric Society. My academic awards include the Journal of Finance Brattle prize, two outstanding paper awards from the Swiss Finance Institute, the Skandia Award, and the Holst-Knudsen Award.

I received my B.A. from Aarhus University, M.Sc. from Warwick University and Ph.D. from Massachusetts Institute of Technology.

The views expressed here are mine and do not represent the views of the Federal Reserve Board or the Federal Reserve System