Faculty & Research

Veronica Guerrieri

Ronald E. Tarrson Professor of Economics

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5807 South Woodlawn Avenue
Chicago, IL 60637

Veronica Guerrieri studies macroeconomics, search theory, labor and financial market frictions, dynamic contracting, and growth theory. "Coming from Europe, the malfunctioning of labor markets has always attracted my attention," she says. "My research explores frictional labor markets and other market imperfections."

Guerrieri won the “Carlo Alberto medal” in 2013, the “Alfred P. Sloan Research Fellowship” in 2011, the “Excellence Award in Global Economic Affairs” in 2010 from the Kiel Institute for the World Economy, the “Excellence in Refereeing Award” in 2008 and 2012 from the American Economic Review. Guerrieri is an associate editor of the American Economic Review and of Theoretical Economics and a referee for B.E. Journals in Macroeconomics, Econometrica, the Economic Journal, Economic Letters, the European Economic Review, the International Economic Review, the Journal of Economic Theory, the Journal of Political Economy, NSF, the Quarterly Journal of Economics, the Review of Economic Dynamics, and the Review of Economic Studies.

Guerrieri earned her bachelor's degree summa cum laude and master's degree in economics from Università Commerciale Luigi Bocconi in Milan in 2000 and 2001, respectively, and a PhD in economics from Massachusetts Institute of Technology in 2006. She joined Chicago Booth in 2006, and she has been a Faculty Research Fellow in the National Bureau of Economic Research since 2008. She visited the Department of Economics at MIT in the fall of 2009 and the Research Department at the Federal Reserve Bank of Minneapolis in the winter and spring of 2009.


2014 - 2015 Course Schedule

Number Name Quarter
33040 Macroeconomics 2015 (Winter)
33948 Financial Markets in the Macroeconomy 2015 (Spring)

Research Activities

Macroeconomics; search theory; labor and financial market frictions; dynamic contracting; growth theory.

“Inefficient Unemployment Dynamics under Asymmetric Information,” Journal of Political Economy.

With Daron Acemoglu, "Capital Deepening and Non-Balanced Economic Growth," Journal of Political Economy.

With Guido Lorenzoni, "Liquidity and Trading Dynamics," Econometrica.

With Robert Shimer and Randall Wright, “Adverse Selection in Competitive Search Equilibrium,” Econometrica.

With Peter Kondor, "Fund Managers, Career Concerns, and Asset Price Volatility," The American Economic Review.