Faculty & Research

Pietro Veronesi

Roman Family Professor of Finance and Robert King Steel Faculty Fellow

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5807 South Woodlawn Avenue
Chicago, IL 60637

Pietro Veronesi is the Roman Family Professor of Finance at the University of Chicago, Booth School of Business. He is also the faculty director of Booth Ph.D. program, a director of the American Finance Association, a research associate of the National Bureau of Economic Research and a research fellow of the Center for Economic and Policy Research. He is also a former co-editor of the Review of Financial Studies.

Veronesi conducts research that focuses on asset pricing, stock and bond valuation under uncertainty, bubbles and crashes, return predictability and stochastic volatility. Most recently, he has been interested in studying, both theoretically and empirically, the interaction between government interventions and the behavior of asset prices. His work has appeared in numerous publications, including the Journal of Political Economy, American Economic Review, Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He is the recipient of several awards, including the 2015 AQR Insight award, the 2012 and 2003 Smith Breeden prizes from the Journal of Finance; the 2008 WFA award; the 2006 Barclays Global Investors Prize from the EFA; the 2006 Fama/DFA prizes from the Journal of Financial Economics; and the 1999 Barclays Global Investors/Michael Brennan First Prize from the Review of Financial Studies.

Professor Veronesi teaches both masters- and PhD-level courses. He is the recipient of the 2009 McKinsey Award for Excellence in Teaching.

His undergraduate work was in economics at Bocconi University where he received a laurea magna cum laude with honor in 1992. He earned a master's degree with distinction in 1993 from the London School of Economics. He joined the Chicago Booth faculty upon obtaining his PhD in Economics from Harvard University in 1997.


2017 - 2018 Course Schedule

Number Name Quarter
35100 Financial Instruments 2017 (Fall)
35130 Fixed Income Asset Pricing 2017 (Fall)
35132 Advanced Models of Option Pricing and Credit Risk 2018 (Winter)
35134 Fixed Income Investments: Corporate and Sovereign Bonds 2018 (Spring)
35882 Financial Derivatives for Corporate Financial Risk Management 2018 (Summer)
35907 Topics in Asset Pricing 2018 (Winter)

Research Activities

Asset pricing: stock valuation under Bayesian uncertainty and learning; equilibrium models of stock return predictability and volatility; political uncertainty and asset prices. Corporate finance: Initial Public Offerings; CEO compensation and incentive contracts.