Photo of Urban Jermann

Urban Jermann

Safra Professor of International Finance and Capital Markets

Professor of Finance

Research Interests: asset pricing, international finance, macroeconomics

Links: CV, Personal Website

Contact Information

Address: 2327 Steinberg-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104
Email: jermann@wharton.upenn.edu
Office: (215) 898-4184

Overview

Education

PhD, The Graduate Institute of International Studies, Geneva, Switzerland, 1994; Licence, Universite de Geneve, Faculte des sciences economiques et sociales, Geneva, Switzerland, 1988.

Academic Positions Held

Wharton: 1994-present (named Safra Professor of International Finance and Capital Markets, 2007). Previous appointments: University of Virginia; Universite de Geneve. Visiting appointment: University of Rochester.

Other Positions

Co-Editor Journal of Monetary Economics, Editor Review of Economic Dynamics.

NBER Research Associate, Asset Pricing, International Finance & Macroecononomics.

Senior Economist, Federal Reserve Bank of Minneapolis, 2000-01; Visiting Scholar, Federal Reserve Bank of Philadelphia, 1997, 1999, 2007-2012; Economist, National Australia Bank, Melbourne, 1988-89.

Research


  • Joao F. Gomes, Urban Jermann, Lukas Schmid (Under Review), Sticky Leverage.    Abstract
  • Urban Jermann, Vincenzo Quadrini (2012), Macroeconomic Effects of Financial Shocks, American Economic Review
  • Urban Jermann (2010), The Equity Premium Implied by Production, Journal of Financial Economics
  • Urban Jermann, Vincenzo Quadrini (2007), Stock Market Boom and the Productivity Gains of the 1990s, Journal of Monetary Economics
  • Fernando Alvarez, Urban Jermann (2005), Using Asset Prices to Measure the Persistence of the Marginal Utility of Wealth, Econometrica, November 2005, 1977-2016.
  • Fernando Alvarez, Urban Jermann (2004), Using Asset Prices to Measure the Cost of Business Cycles, Journal of Political Economy, December 2004, 1223-56.

Courses

Current

  • FNCE399 - Supervised Study in Finance

    Integrates the work of the various courses and familiarizes the student with the tools and techniques of research.

    FNCE399005 

Previous

  • FNCE219 - International Financial Markets

    This course focuses on international financial markets and exchange rates. Topics include pricing in the foreign currency and Eurocurrency markets, use of forward exchange for hedging, short-term returns and market efficiency in the international money markets, foreign currency options, international capital asset pricing, pricing of foreign currency bonds, currency swaps, Eurocurrency syndicated loans, foreign currency financing and exposure management.

  • FNCE399 - Supervised Study in Finance

    Integrates the work of the various courses and familiarizes the student with the tools and techniques of research.

  • FNCE719 - International Financial Markets

    FNCE 719 is a course on international financial markets and exchange rates. Topics include pricing in the foreign currency and Eurocurrency markets, use of forward exchange for hedging, short-term returns and market efficiency in the international money markets, foreign currency options, international capital asset pricing, pricing of foreign currency bonds, currency swaps, Eurocurrency syndicated loans, foreign currency financing and exposure management.