Macro Asset Pricing

This class is intended for Ph.D. students interested in doing research in theoretical and empirical asset pricing with an emphasis on macro finance. The objective of this class is to familiarize students with a number of research areas and tools that are particularly important in the recent asset pricing and international finance literature. A large emphasis will be devoted to the analysis of risk premia in various financial markets and to foster our understanding on the role of investor preferences as a fundamental driver in asset pricing. We will cover the latest research focusing on the empirical determination and the theoretical explanation of various risk premia, such those present in exchange rates, sovereign debt valuation, equity markets, and corporate asset prices.