John Cochrane
John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University. He is also a research associate of the National Bureau of Economic Research and an adjunct scholar of the CATO Institute. Cochrane has interests in diverse fields of financial economics and macroeconomics, including asset markets, financial crises and regulations, monetary and fiscal policies, and health insurance. He has worked on the fiscal theory of the price level, on the debate between permanent and temporary shocks in macroeconomic fluctuations, and the cost of near-rational behavior. He is the author of Asset Pricing, a widely used textbook in graduate courses on asset pricing. Cochrane frequently contributes editorial opinion essays to the Wall Street Journal, Bloomberg.com, and other publications. He maintains the Grumpy Economist blog, which contains a series of news, views, and commentaries from a humorous point of view.
John Cochrane Professional Experience / Academic History
Professional Experience
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Rose-Marie and Jack Anderson Senior Fellow
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AQR Capital Management Distinguished Service Professor of Finance
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Visiting Professor of Finance
Academic History
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Ph.D., Economics
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S.B., Physics
AFFILIATIONS AND PROFESSIONAL ACTIVITIES
2016-: Professor of Finance and Economics (by Courtesy), Stanford GSB
2015-: Distinguished Research Fellow, Becker-Friedman Institute, University of Chicago
2015-: Distinguished Senior Fellow, Booth School of Business, University of Chicago
2015-: Senior Fellow, SIEPR, Stanford University
2009-: Adjunct Scholar, CATO institute
2007-: Editorial Board, American Economic Journal: Macroeconomics
1998-: NBER Research Associate Past Affiliations and Professional Activities
2012-2015: Senior Fellow, (nonresident) Hoover Institution, Stanford University
2012-2015: Co-director, Fama-Miller Center
2001-2015: CRSP board of directors
2010-2013: Academic Advisory Board, Kepos Capital Management
2009-2010: President, American Finance Association 2
2008-2009: Vice President, president elect and program chair, American Finance Association
2005-2008: TIAA-CREF Fellow
2003-2006: American Finance Association Board of Directors
1998-2003: Editor, Journal of Political Economy
1995-2001: Consultant, Research Department, Federal Reserve Bank of Chicago
1988-1994: Associate Editor, Journal of Economic Dynamics and Control
1991-1994: Board of Editors, Journal of Applied Econometrics
1992-1994: Associate Editor, Journal of Money Credit and Banking
1994-1999: Editorial Board, Federal Reserve Bank of New York Economic Policy Review
1988–1992: National Opinion Research Center Research Associate
1988–1994: National Bureau of Economic Research Faculty research Fellow.
1988-1990, 1991-1993,1994-1996, 1997-2001, 2002-: National Science Foundation grants
1990, 1992: (Summer) Hoover Institution, Visiting scholar
HONORS AND AWARDS
1999: TIAA-CREF Institute Paul A. Samuelson Award, Certificate of Excellence for “By Force of Habit”
2000: Inquire / Q-group scroll prize
2001: TIAA-CREF Institute Paul A. Samuelson Award for Asset Pricing
2001: Q group/Inquire prize for practical potential
2001: Fellow of the Econometric Society
2003: Chookaszian Endowed Risk Management Prize
2004: Faculty excellence award (teaching award voted by MBA students).
2006: Fama/DFA second prize, best Journal of Financial Economics paper, for “The Risk and Return of Venture Capital”
2011: Fellow, American Finance Association
2012: Guggenheim Fellowship
2013: McKinsey Award for Outstanding Teaching
2014: Honorary Doctorate, University of St. Gallen
MEDIA
John has appeared extensively in the media as he contributed to the debate on the financial crisis.
John has also appeared as a guest on Real Vision.