Photo of Gill Segal

Gill Segal

Research Interests: macroeconomics and asset-pricing; uncertainty and information; sovereign debt

Links: CV

Dissertation Committee

Professors Amir Yaron (Chair), Itay Goldstein, João Gomes, and Ivan Shaliastovich.



The Wharton School, University of Pennsylvania

  • Ph.D. candidate, Finance, 2010 - Present
  • M.A., Finance,  2012

Open University of Israel, Tel-Aviv, ISRAEL

  • M.B.A., Summa Cum Laude,  2007
    •  Studied in parallel to military serviceat IDF.
  • B.A., Computer-Science, Cum Laude, 2004
    • Studied in parallel to high-school & graduated during 12th grade.


  1. Good and Bad Uncertainty: Macroeconomic and Financial Markets Implications (with Ivan Shaliastovich and Amir Yaron), 2015
    • Published in: Journal of Financial Economics 117 (2015) 369--397
    • 2014 Outstanding Paper, Jacobs Levy Equity Management Center for Quantitative Financial Research
  2. Sectoral Innovation and Volatility: Does Investment-Sector's Technological-Volatility Raise Cash-Flows and Prices?, 2015
  3. From Private-Belief Formation to Aggregate-Vol Oscillation, 2014
  4. The U.S. Economy and Sovereign Defaults, 2012
    •  Awarded Best Second-Year Paper
  5. Markov Chain Approximation of Vector Autoregression with Stochastic Volatility, 2012.


Earlier Work Experience

  • Lecturer, Open University of Israel, Tel-Aviv, ISRAEL, 2008-2010
  • Research Assistant, Bar-Ilan University, Ramat-Gan, ISRAEL, 2008-2010
  • Software Developer and Personnel Interviewing Officer, Israel Defense Forces, The Intelligence Corps, 2004-2008