Biography

Itamar Drechsler joined New York University Stern School of Business as an Assistant Professor of Finance in July 2009.

Professor Drechsler's primary research interests include asset pricing, macro finance and derivatives markets. He is interested in how investor learning and uncertainty affect financial markets and how perceptions of macroeconomic and financial risks are reflected in derivatives prices.

Prior to earning his Ph.D., he worked in the fixed income group at Susquehanna International Group.

Professor Drechsler received his B.S. in Economics, his B.S.E. in Computer Science and his M.A. in Mathematics from the University of Pennsylvania and his Ph.D. in Finance from the Wharton School of the University of Pennsylvania.

Research Interests

• Asset pricing
• Macro finance
• Derivatives markets

Academic Background

B.S., Economics
University of Pennsylvania

B.S.E., Computer Science
University of Pennsylvania

M.A., Mathematics
University of Pennsylvania

Ph.D., Finance
Wharton School of the University of Pennsylvania

Awards & Appointments

Utah Winter Finance Conference	Best paper award	2009

Selected Publications

Itamar Drechsler and Amir Yaron (2011)
What’s Vol Got To Do With It
Review of Financial Studies, 24(1), 1-45, January 2011

Itamar Drechsler, Viral Acharya and Philipp Schnabl (2011)
A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

Itamar Drechsler (2010)
Uncertainty, Time-Varying Fear, and Asset Prices