Patrick Kiefer

Profile photo of Patrick Kiefer
"For any cross-section of assets, financial economists will have several models that do relatively well in explaining variation in average returns. Moreover, several (often separate) models will do relatively well in explaining unconditional time-series moments, and still more do well predicting time-series variation in aggregate returns. Ultimately, each of these models is picking up some key dimension of the same fundamental marginal valuation process. That the profession is only beginning to decode this process is what makes it exciting."
 

Finance PhD Student

About

Place of Origin
Ithaca, NY  

Education
BA in Economics (2011) 
University of California, Los Angeles
Los Angeles, California

BS in Applied Mathematics (2011)
University of California, Los Angeles
Los Angeles, California

MA in Economics (2011) 
University of California, Los Angeles
Los Angeles, California 

Research Interests
Asset Pricing, Macroeconomics, Financial Intermediation,
Liquidity, Systemic Risk and Macroprudential Policy

Entered program in 2011