Philippe Bacchetta is professor of macroeconomics at the University of Lausanne and a research fellow of the Centre for Economic Policy Research (CEPR, London). He was director of the Study Center Gerzensee from 1998 to 2007. He received his Ph.D. and M.A. in economics from Harvard University and his B.A. and M.S. in economics from the University of Lausanne. Philippe Bacchetta has been an assistant professor at Brandeis University, USA, at ESADE and the Instituto de Análisis Económico, both in Barcelona. He has also taught at the University of Geneva, the Universitat Pompeu Fabra, the University of Freiburg (Germany), the Universitat Autonoma of Barcelona, and CEMFI in Madrid. He has been visiting scholar at Harvard University, the IMF and the NBER and an academic consultant at various central banks. In 2010 he was Duisenberg Research Fellow at the European Central Bank. He is a fellow of the European Economic Association. His research interests include open economy macroeconomics, international finance, and monetary economics.
Lawrence J. Christiano is the Alfred W. Chase Professor of Business Institutions in the Department of Economics at Northwestern University. He is a consultant at several Federal Reserve Banks and has been a regular visitor to the European Central Bank and the International Monetary Fund. He is a fellow of the Econometric Society and has been associate editor of several journals. He has published widely in the areas of macroeconomics and applied time series analysis.
Giancarlo Corsetti is professor of macroeconomics at the University of Cambridge (previously at the European University Institute, the University of Rome III, Bologna, and Yale). His research is focused on international dimensions of economic policy. His contributions range from theoretical and empirical work on fiscal and monetary policy, to analyses of currency and financial crises and their international contagion. He has published articles in leading academic journal, and is currently co-editor of the Journal of International Economics and the International Journal of Central Banking. Professor Corsetti has long developed research collaboration with monetary authorities and policy institutions in Europe and overseas. He is Program Director at the Centre for Economic Policy Research in London.
Behzad Diba is professor of economics at Georgetown University. He received his Ph.D. in economics in 1984 from Brown University. He has taught courses on macroeconomics, financial markets, international finance, and applications of mathematical methods. His research interests are in macroeconomics, and most of his recent work has focused either on the interactions of fiscal and monetary policies or on adding a banking sector to models of monetary policy.
Thierry Foucault is professor of finance at HEC, Paris and a research fellow of the Centre for Economic Policy (CEPR). He has taught in various institutions such as Carnegie Mellon University, the Swiss Federal Institute of Technology (Lausanne), the Saïd Business School (Oxford), the Tinbergen Institute, or the Study Center Gerzensee. His research focuses on the determinants of financial markets liquidity and has been published in top-tier academic journals such as Journal of Finance, Review of Financial Studies and Journal of Financial Economics. He serves on the scientific committees of the Autorité des Marchés Financiers (AMF), the Research Foundation of the Banque de France, the Group of Economic Advisors of the Committee of Economic and Markets Analysis of the European Securities and Markets Authority (ESMA) and on the executive committee of the European Finance Association (EFA). He acts as co-editor of the Review of Finance since 2009 and he is an Associate Editor of the Review of Asset Pricing Studies. For his research, he received awards from the Europlace Institute of Finance in 2005 and 2009, the annual research prize of the HEC Foundation in 2006 and 2009, and the Analysis Group award for the best paper on Financial Markets and Institutions presented at the 2009 WFA meetings.
Amit Goyal is a professor of finance at HEC Lausanne. Formerly on the faculty of Emory University (Atlanta, USA), he holds a Ph.D. in finance from University of California at Los Angeles. He has research interests in empirical asset pricing, predictability of stock returns, portfolio optimization, and pension funds. His papers have been published in a variety of academic journals including the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies.
Michel A. Habib is professor of finance at the Swiss Banking Institute of the University of Zurich and holds a Senior Chair at the Swiss Finance Institute. His research interests are corporate finance and the theory of the firm. His research has appeared in a number of academic and practitioner publications, such as the Journal of Business, the Journal of Finance, the Review of Financial Studies, and the Journal of Applied Corporate Finance. He directs the NCCR FINRISK. He is a graduate of McGill University and the Wharton School of the University of Pennsylvania and was associate professor of finance at the London Business School prior to joining the University of Zurich.
Philipp Harms is professor of economics at the University of Johannes Gutenberg University Mainz (Germany) and joined the Study Center Gerzensee in September 2002. Before receiving his doctorate in economics from the University of St. Gallen in 1999, he attended the Program for Doctoral Students at Gerzensee and spent a year as a visiting graduate student at the University of Maryland. Upon graduation, he joined the faculty of the University of Konstanz (Germany) where he worked as an assistant professor from 1999 through 2004. He also taught classes in macroeconomics and monetary economics at the Universities of St. Gallen and Lausanne, and from 2004 through 2010 he was professor of macroeconomics at RWTH Aachen University (Germany). His main research areas are international economics, macroeconomics and political economy.
Erwan Morellec is Swiss Finance Institute professor and professor of finance at EPFL (Swiss Federal Institute of Technology), Switzerland. Formerly on the faculties of the University of Rochester (USA) and of the University of Lausanne (Switzerland), he holds a Ph.D. in finance from HEC Paris. He is project director for the Swiss National Science Foundation, the head of the Swiss Finance Institute (SFI) Doctoral Program, and a CEPR research fellow. He has research interests in corporate finance and asset pricing. His papers have been published in a variety of academic journals including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Business, and the Journal of Economic Theory.
Jean-Charles Rochet is Swiss Finance Institute professor of banking at Zurich University and term professor in the Toulouse School of Economics. He holds a Ph.D. in mathematical economics from Paris University. He has taught at the Toulouse School of Economics, at the London School of Economics, and has visited many universities and central banks all over the world. He is currently president of the Econometric Society and has been a fellow of this society since 1995. He has published more than 80 articles in international scientific journals and 5 books, including “Microeconomics of Banking” (with X. Freixas) MIT Press, and “Why are there so Many banking Crises?”, Princeton UP. His research interests include financial stability, payments economics, and industrial organization of financial markets, as well as contract theory.
Michael Rockinger is professor of finance at HEC Lausanne and a member of the Swiss Finance Institute. He is a former scientific consultant of the Banque de France. He earned a Ph.D. in economics at Harvard University after graduating in mathematics from the Swiss Federal Institute of Technology. Recently he published a 540 pages book on how to model “Non-Gaussian Finance” with Springer. He has extensively published in international journals. Michael Rockinger has also been a visiting professor at the New Economic School in Moscow, the London Business School, Amos Tuck Business School at Dartmouth College, as well as at the University of California San Diego. His research interests are split in three strands: the information content of financial derivative instruments, finance in emerging markets, as well as empirical aspects of market microstructure.
Anthony Saunders is the John M. Schiff Professor of finance and chair of the department of finance at the Stern School of Business, New York University. He received his Ph.D. from the London School of Economics. He is currently on the executive committee of the Salomon Center for the Study of Financial Institutions, NYU. He has served as a visiting professor in many universities, including INSEAD, the Stockholm School of Economics, and the University of Melbourne. He holds positions on the Board of Academic Consultants of the Federal Reserve Board of Governors as well as the Council of Research Advisors for the Federal National Mortgage Association. He has acted as a visiting scholar at the Comptroller of the Currency and at the Federal Reserve Bank of Philadelphia. He also held a visiting position in the research department of the International Monetary Fund. He is the editor of the Journal of Banking and Finance and the Journal of Financial Markets, Instruments and Institutions. His research has been published in all of the major money and banking journals and in several books.
Carl E. Walsh is Distinguished Professor of economics at the University of California, Santa Cruz and a visiting scholar at the Federal Reserve Bank of San Francisco. In addition to numerous journal articles, he is the author of Monetary Theory and Policy, a graduate level text on monetary economics. He is a past member of the board of editors of the American Economic Review and is currently a co-editor of the International Journal of Central Banking as well as a member of the editorial boards of several other journals.
LECTURERS OF THE STUDY CENTER
Filippo Brutti is lecturer at the Study Center Gerzensee. He holds a Post-Doc position at the Institute for Empirical Research in Economics, University of Zurich and received his Ph.D. at the Universitat Pompeu Fabra. Prior to his graduate studies, he obtained a B.A. in economics from Bocconi University. He also spent a semester at the European Central Bank, where his main task was the analysis of global current account unbalances. His research focuses on international macroeconomics and trade, with major interest in the analysis of sovereign defaults and liquidity crises in emerging markets and of cross-country growth volatility differences.
Nils Herger is lecturer at the Study Centre Gerzensee, lecturer at the University of Berne, and research affiliate to the national competence centre in research (NCCR) for trade regulation. He studied for a B.A. in economics at the Universities of Bern and Neuchâtel and received an M.Sc. and Ph.D. in economics from the University of Exeter (United Kingdom). Before taking up his current position at the Study Centre, he has worked as an economic advisor for the Swiss Competition Commission and the Swiss Business Federation. Research interests include empirical aspects of international trade and finance, international investment, the economics of corruption, and industrial organization.