Winner of the 1999 FAME Research Prize from the International Center for Asset Management and Financial Engineering and University of Lausanne for "Who Should Buy Long-Term Bonds? (with John Y. Campbell, American Economic Review, March 2001).
Winner of the 2002 TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security for Strategic Asset Allocation: Portfolio Choice for Long-Term Investors (with John Y. Campbell, Oxford University Press, 2002).
Winner of the 2004 Investment Potential Prize from the Three-Way Symposium of Inquire Europe, Inquire UK, and the Q-Group for "The Term Structure of the Risk-Return Tradeoff" (with John Y. Campbell, Financial Analysts Journal, January/February 2005).
Winner of the 2005 Graham and Dodd Award for Excellence in Financial Writing from the Financial Analysts Journal and the CFA Institute for "The Term Structure of the Risk-Return Tradeoff" (with John Y. Campbell, January/February 2005).
First Arthur Warga Award for the Best Paper in Fixed Income from The Society for Financial Studies, 2014 Finance Cavalcade, for “Monetary Policy Drivers of Bond and Equity Risks” (with John Y. Campbell and Carolin E. Pflueger).
Received the HBS Robert F. Greenhill Award twice (2014 and 2015)