Andrea Eisfeldt to Co-Direct Asset Pricing Program

Research Associate Andrea Eisfeldt, who holds the Laurence D. and Lori W. Fink Endowed Chair in Finance at the University of California, Los Angeles Anderson School of Business, has agreed to join Sydney Ludvigson as co-director of the NBER Asset Pricing Program. Eisfeldt’s research ranges widely and includes important contributions on market liquidity, the operation of over-the-counter markets, the role of intangibles in asset pricing, and the interplay between macroeconomics and finance. She is the Vice President-Elect of the Western Finance Association and Vice President of the American Finance Association.

Besides Asset Pricing, Eisfeldt is also affiliated with the NBER’s Corporate Finance and Economic Fluctuations and Growth programs. She succeeds Ralph Koijen of the University of Chicago Booth School of Business, who stepped down as Asset Pricing Program co-director in late 2025.