The Fama Family Professor
Stefan Nagel’s research focuses on asset pricing, investor behavior, and risk-taking of financial intermediaries. His most recent work explores the role of personal experiences in shaping expectations about the macroeconomy and financial market returns, novel approaches for measurement of bank tail risk exposures, and the application of machine learning techniques to understand the risk and return of investment strategies in the stock market.
He has won various awards for his research, among them the Amundi Smith Breeden Prize of the American Finance Association for the best paper in the Journal of Finance and Fama-DFA Prizes for the best asset pricing paper in the Journal of Financial Economics. Nagel currently serves as the executive editor of the Journal of Finance and was previously an editor at the Review of Financial Studies. He is also a research associate at the National Bureau of Economic Research and a research fellow at the Centre for Economic Policy Research in London.
Nagel received his PhD from the London Business School and his diplom (MS equivalent) in business economics from the University of Trier in Germany. Previously he taught at the University of Michigan’s Ross School of Business, Stanford Graduate School of Business, and the Economics Department at Harvard University.