John H. Cochrane |
Lawrence H. Goulder |
NBER Profile: John H. Cochrane
John H. Cochrane directs the NBER's Program on Asset Pricing and is the
Sigmund E. Edelstone Professor of Finance and Economics at the University of
Chicago. He began his affiliation with the NBER in 1988 as a Faculty Research
Fellow, was promoted to Research Associate in the Asset Pricing and Economic
Fluctuations and Growth Programs in 1994, and became Director of the Asset
Pricing Program in 1999.
Cochrane received an S.B. in physics from MIT in 1979 and a Ph.D. in
economics from the University of California, Berkeley in 1986. He joined the
University of Chicago's economics department in 1985 as an assistant professor,
was promoted to associate professor in 1990, and became a professor in the
University's Graduate School of Business in 1994. He received his named
professorship in 1997.
In addition to his teaching and research, Cochrane is Editor of the Journal of
Political Economy and a consultant to the research department of the Federal
Reserve Bank of Chicago. Cochrane's research is split between macroeconomics
and asset pricing. Most recently, he has been working on the fiscal theory of the
price level, option pricing with imperfect replication, habit persistence and the
predictability of returns, and a Ph.D. textbook.
Cochrane lives in the Hyde Park neighborhood near the University of Chicago
with his wife, Elizabeth Fama, and children Sally, Eric, Gene, and Lydia. In rare
spare time, he flies sailplanes competitively and windsurfs in the frigid waters of
NBER Profile: Lawrence H. Goulder
Lawrence H. Goulder is a Research Associate in the NBER's Program in
Public Economics. He is also an Associate Professor of Economics at Stanford
University, a Senior Fellow of Stanford's Institute for International Studies, and a
University Fellow of Resources for the Future, a nonprofit environmental and
natural resource research firm located in Washington, D.C.
Goulder graduated from Harvard College with an A.B. in philosophy in
1973. He earned an M.A. in musical composition from the École Normale de
Musique de Paris in 1975 and a Ph.D. in economics from Stanford in 1982. He
was a faculty member in the economics department at Harvard University before
returning to Stanford in 1989.
Goulder has served as a consultant to the U.S. Environmental Protection
Agency, the Organization for Economic Cooperation and Development, and the
Environmental Defense Fund. His work, particularly in environmental economics,
has been published in the leading economic journals.
Goulder lives in Menlo Park, California, with his wife Angela and daughters
Maggie, 8, and Elizabeth, 3. He spends much of his free time with his family and
especially enjoys family hiking and camping adventures. He also enjoys
swimming, playing the piano, and writing music.
NBER Profile: Shang-Jin Wei
Shang-Jin Wei is a Faculty Research Fellow in the NBER's Programs on
International Finance and Macroeconomics and on International Trade and
Investment. He is also an Associate Professor of Public Policy at Harvard
University's Kennedy School of Government and, during 1999-2000, an Advisor
at the World Bank.
Wei received his B.A. in world economy from Fudan University in China in
1986. After attending Pennsylvania State University, he transferred to the
University of California at Berkeley, where he obtained his M.S. in finance in
1991 and his Ph.D. in economics in 1992.
Wei has been a visiting scholar at the Internal Monetary Fund, the World
Bank, the Federal Reserve Bank of San Francisco, the Federal Reserve Board of
Governors, the Asian Development Bank, and the Organization for Economic
Cooperation and Development. His research interests include trade, finance,
and the political economy aspects of international integration.
Outside research, Wei's interests include foreign movies, foreign
countries, cycling, chocolate, and their convex combinations.