NBER Reporter: 2007 Number 2 Profiles

NBER Profile: John Y. Campbell

John Y. Campbell is a former Director of the NBER's Program in Asset Pricing and currently is a Research Associate in that program and in the Monetary Economics and the Economic Fluctuations and Growth Programs. He is also the Morton L. and Carole S. Olshan Professor of Economics at Harvard University.

Campbell grew up in Oxford, England, and received a B.A. from Oxford in 1979. He came to the United States to attend graduate school, earning his Ph.D. from Yale in 1984. He spent the next ten years teaching at Princeton, moving to Harvard in 1994.

Campbell has published over 70 articles on various aspects of finance and macroeconomics, including fixed-income securities, equity valuation, and portfolio choice. His two books, The Econometrics of Financial Markets (with Andrew Lo and Craig MacKinlay, Princeton University Press, 1997) and Strategic Asset Allocation: Portfolio Choice for Long-Term Investors (with Luis Viceira, Oxford University Press, 2002), have both won Paul Samuelson Awards for Outstanding Scholarly Writing on Lifelong Financial Security from TIAA-CREF.

Campbell has co-edited the American Economic Review and the Review of Economics and Statistics. He is a Fellow of the Econometric Society and the American Academy of Arts and Sciences, and served as President of the American Finance Association in 2005. At Harvard, Campbell helps to oversee the investment of the endowment as a board member of the Harvard Management Company. He is also a founding partner of Arrowstreet Capital, LP, a Cambridge-based quantitative asset management firm that manages over $20 billion in equities for large institutional clients.

Campbell and his wife, Susanna Peyton, live in Lexington, Massachusetts, where they busily facilitate the comings and goings of their four children. Campbell finds a little time for his long-time interest of choral singing, and often rides a red tandem bicycle with his oldest son.

John Y. Campbell
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