Program Co-Directors

Ralph Koijen

Ralph S. J. Koijen is the AQR Capital Management Professor of Finance at the University of Chicago Booth School of Business. His research focuses on finance, insurance, and macroeconomics. He has been an NBER affiliate since 2010.

Sydney Ludvigson Profile.jpeg

Sydney C. Ludvigson is the Julius Silver, Roslyn S. Silver, and Enid Silver Winslow Professor of Economics at New York University. Her research focuses on the interplay between asset markets and macroeconomic activity. She has been an NBER affiliate since 2003.

Featured Program Content

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  • Article
Market leverage has historically predicted one-year-ahead stock returns better than measures of stock market...
  • Working Paper
In sharp contrast to most previous crisis episodes, the Treasury market experienced severe stress and illiquidity...
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