Pietro Veronesi is the Roman Family Professor of Finance at the University of Chicago, Booth School of Business. He is also a research associate of the National Bureau of Economic Research and a research fellow of the Center for Economic and Policy Research. He is also a former co-editor of the Review of Financial Studies .
Veronesi conducts research that focuses on asset pricing, stock and bond valuation under uncertainty,, bubbles and crashes, return predictability and stochastic volatility. Most recently, he has being interested in studying, both theoretically and empirically, the interaction between government interventions and the behavior of asset prices. His work has appeared in numerous publications, including the Journal of Political Economy, American Economic Review, Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He is the recipient of several awards, including the 2012 Smith Breeden distinguished paper prize for the best paper in asset pricing in the Journal of Finance; the 2008 WFA award as best paper on capital formation; the 2006 Barclays Global Investors Prize for Best Paper at the EFA; one of the 2006 Fama/DFA prizes for the best article in the Journal of Financial Economics; the 2003 Smith Breeden First Prize for the best article in asset pricing in the Journal of Finance; and the 1999 Barclays Global Investors/Michael Brennan First Prize for Best Article in the Review of Financial Studies.
Professor Veronesi teaches both masters- and PhD-level courses. He is the recipient of the 2009 McKinsey Award for Excellence in Teaching.
His undergraduate work was in economics at Bocconi University where he received a laurea magna cum laude with honor in 1992. He earned a master's degree with distinction in 1993 from the London School of Economics. He joined the Chicago Booth faculty upon obtaining his PhD in Economics from Harvard University in 1997.
2013 - 2014 Course Schedule
||Fixed Income Asset Pricing
||Cases in Financial Risk Management
||Advanced Models of Option Pricing and Credit Risk
Asset pricing: stock valuation under Bayesian uncertainty and learning; equilibrium models of stock return predictability and volatility; political uncertainty and asset prices. Corporate finance: Initial Public Offerings; CEO compensation and incentive contracts.
With L. Pastor "Uncertainty about Government Policy and Stock Prices," Journal of Finance (forthcoming).
With E. Benmelech and E. Kandel, “Stock Compensation and CEO (Dis)Incentives,” Quarterly Journal of Economics (2010).
With L.Pastor, “Tecnological Revolutions and Stock Prices,” American Economic Review (2009).
With L. Menzly and T. Santos, "Understanding Predictability," Journal of Political Economy (2004).
With L. Pastor, "Stock Valuation and Learning about Profitability," Journal of Finance (2003).