John Y. Campbell is Olshan Professor of Economics at Harvard University. He studied economics at Oxford and Yale and began his post-doctoral career studying asset pricing and portfolio choice before turning his attention to how people actually manage their finances in the real world, giving the field the name Household Finance, now in common usage. He has taught at Harvard for thirty years, and is also the co-founder of Arrowstreet Capital, a Boston-based quantitative asset management firm. One of John’s grandfathers was a Wall Street banker while the other was a Presbyterian minister, so it is to be hoped that both sides of his family would appreciate the argument presented in Fixed.
Campbell delivered the Ely Lecture to the American Economic Association in 2016 and served as President of the American Finance Association in 2005. He is a Research Associate and former Director of the Program in Asset Pricing at the US 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 BI Norwegian Business School, the University of Maastricht, the University of Paris Dauphine, and Copenhagen Business School.