Prof Jean-Pierre Danthine

I am professor of economics and finance at the University of Lausanne (Switzerland), Managing Director of the Swiss Finance Institute and CEPR Research Fellow. The holder of a Ph.D. in economics from Carnegie-Mellon University and a M.S. in Economics from the University of Louvain, I previously taught at at Columbia University and held visiting appointments at CUNY Graduate Center, University of Southern California (Los Angeles), Université d'Aix-Marseille, Université Laval (Québec), as well as Universities of Toulon and Dijon.

I am a Fellow of the European Economic Association, member of the Academia Europaea, Associate Editor of Macroeconomic Dynamics and Finance Research Letters; Chairman of the Scientific Council of the TCIP (Training Center for Investment Professionals); member of the Council of the European Economic Association, of the Scientific Councils of CEPREMAP (Paris), CREST (Paris), CREI (U. Pompeu Fabra, Barcelona) as well as the Fonds national de la recherche scientifique (Economics Commission - Belgium). I am also a member of the Executive Committee of the ICMB (Geneva).

I was formerly Director of the International Center for Financial Asset Management and Engineering (Lausanne & Geneva), Vice-Rector of the University of Lausanne, chairman of its Departement d'Econométrie et d'Economie Politique (DEEP) and director of its Institute for Banking and Financial Management, member of the Executive Committee of CEPR (Center for Economic Policy research - London), of the CEPS Macroeconomic Policy Group (Brussels), of the Scientific Council of the European Science Foundation Network in Financial Markets. I was also an Associate Editor of the European Economic Review, of the Journal of Empirical Finance and of the Revue Finance.

My publications have appeared in Econometrica, the Journal of Political Economy, the Review of Economic Studies, the Journal of Finance, the Journal of Economic Theory, the Journal of Public Economics, the European Economic Review, and many other journals. Areas of expertise Macro and Finance, with special focus on the business cycle and asset pricing implications of market frictions.


	Bio Recent Academic Publications Working Papers Intermediate Financial Theory Other Reports Recent Contributions to the Press Data used in Publications Teaching		BIO

			Jean-Pierre DANTHINE Professor of macroeconomics and financial theory Jean-Pierre.Danthine@unil.ch Biography I am professor of economics and finance at the University of Lausanne (Switzerland), Managing Director of the Swiss Finance Institute and CEPR Research Fellow. The holder of a Ph.D. in economics from Carnegie-Mellon University and a M.S. in Economics from the University of Louvain, I previously taught at at Columbia University and held visiting appointments at CUNY Graduate Center, University of Southern California (Los Angeles), Université d'Aix-Marseille, Université Laval (Québec), as well as Universities of Toulon and Dijon. I am a Fellow of the European Economic Association, member of the Academia Europaea, Associate Editor of Macroeconomic Dynamics and Finance Research Letters; Chairman of the Scientific Council of the TCIP (Training Center for Investment Professionals); member of the Council of the European Economic Association, of the Scientific Councils of CEPREMAP (Paris), CREST (Paris), CREI (U. Pompeu Fabra, Barcelona) as well as the Fonds national de la recherche scientifique (Economics Commission - Belgium). I am also a member of the Executive Committee of the ICMB (Geneva). I was formerly Director of the International Center for Financial Asset Management and Engineering (Lausanne & Geneva), Vice-Rector of the University of Lausanne, chairman of its Departement d'Econométrie et d'Economie Politique (DEEP) and director of its Institute for Banking and Financial Management, member of the Executive Committee of CEPR (Center for Economic Policy research - London), of the CEPS Macroeconomic Policy Group (Brussels), of the Scientific Council of the European Science Foundation Network in Financial Markets. I was also an Associate Editor of the European Economic Review, of the Journal of Empirical Finance and of the Revue Finance. My publications have appeared in Econometrica, the Journal of Political Economy, the Review of Economic Studies, the Journal of Finance, the Journal of Economic Theory, the Journal of Public Economics, the European Economic Review, and many other journals. Areas of expertise Macro and Finance, with special focus on the business cycle and asset pricing implications of market frictions. Recent publications " Fair Wages in a New Keynesian Model of the Business Cycle ", Review of Economic Dynamics, 7, 107-142, 2004, with A. Kurmann "On the Consequences of State Dependent Preferences for the Pricing of Financial Assets", Finance Research Letters, vol.1, 3, September 2004, pp.143-153, with John B. Donaldson, Christos Giannikos, and Hany Guirguis "Portfolio Diversification: Alive and well in Euroland", with K. Adjaouté, Applied Financial Economics, 14, 2004, pp. 1225-1231. "Equity Returns and Integration: Is Europe Changing?", with K. Adjaouté, Oxford Review of Economic Policy, 2004 20(4):555-570 "Portfolio Diversification in Europe", with K. Adjaouté and D. Isakov, chapter 5 in The Internationalisation of Asset Ownership in Europe, H. Huizinga and L. Jonung, eds, Cambridge U. Press, pp. 140-172, 2005 "Efficiency Wages Revisited: The Internal Reference Perspective", with André Kurmann, Economics Letters 90 (2006), 278-284 "Intangible Capital, Firm Valuation and Asset Pricing", with X. Jin, Economic Theory 32 (2007), 157-177. "The Macroeconomic Consequences of Reciprocity in Labor Relations," with A. Kurmann, Scandinavian Journal of Economics, 109 (2007) 857-881 "Superneutrality", The New Palgrave Dictionary of Economics, 2^nd ed., S. Durlauf and L. Blume eds., Palgrave Macmillan, London, 2007 "Distribution Risk and Equity Returns," with J.B. Donaldson and P. Siconolfi, chapter 10 of The Handbook of the Equity Risk Premium, R. Mehra, ed., North Holland Handbooks of Finance Series, Elsevier, Amsterdam, 2008
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			Contact Information Jean-Pierre Danthine Institute of Banking and Finance Faculté des HEC University of Lausanne Extranef CH-1015 Lausanne Phone: +41 21 692 3485 Fax: +41 21 692 3435 Email: jean-pierre.danthine@unil.ch