Morton L. and Carole S. Olshan Professor of Economics
Harvard University
John Y. Campbell is the Morton L. and Carole S. Olshan Professor of Economics at Harvard University. He grew up in Oxford, England, and received a B.A. from Oxford in 1979. He came to the United States to attend graduate school, earning his Ph.D. from Yale in 1984. He spent the next ten years teaching at Princeton, moving to Harvard in 1994. In 2006 his undergraduate teaching was acknowledged with a Harvard College Professorship.
Campbell has published over 80 articles on various aspects of finance and macroeconomics, including fixed-income securities, equity valuation, and portfolio choice. His books include The Econometrics of Financial Markets (with Andrew Lo and Craig MacKinlay, Princeton University Press, 1997), Strategic Asset Allocation: Portfolio Choice for Long-Term Investors (with Luis Viceira, Oxford University Press, 2002), and The Squam Lake Report: Fixing the Financial System (with the Squam Lake Group of financial economists, Princeton University Press, 2010).
Campbell served as President of the American Finance Association in 2005 and as President of the International Atlantic Economic Society in 2009. He is a Research Associate and former Director of the Program in Asset Pricing at the National Bureau of Economic Research, a Fellow of the Econometric Society and the American Academy of Arts and Sciences, a Corresponding Fellow of the British Academy and Honorary Fellow of Corpus Christi College, Oxford, and holds honorary doctorates from the University of Maastricht and the University of Paris Dauphine. He is also a founding partner of Arrowstreet Capital, LP, a Boston-based quantitative asset management firm. At Harvard, Campbell helped to oversee the investment of the endowment as a board member of the Harvard Management Company from 2004–2011 and served as Chair of the Department of Economics from 2009–2012.
Inattention and Inertia in Household Finance: Evidence from the Danish Mortgage Market
Coauthors: Steffen Andersen, John Campbell, Kasper Meisner Nielsen, and Tarun Ramadorai
This paper studies the refinancing behavior of Danish households during a recent period of declining interest rates. The paper shows how demographic characteristics of households affect both the responsiveness of mortgage refinancing to financial incentives (attentiveness) and the unconditional probability of refinancing (inertia).
An Analysis of Default Risk in the Home Equity Conversion Mortgage (HECM) Program
4:17, Stephanie Moulton, Ohio State UniversityFinancial Education and Account Access among Elementary Students
6:45, Kasey Wiedrich, Applied Research Corporation for Enterprise Development (CFED)