معرفی
David Sraer is the James J. and Marianne B. Lowrey Professor of Business & Professor of Economics at the University of California, Berkeley, with dual appointments in the Haas School of Business and the Department of Economics. He serves as the chair of the finance unit at Haas and has established himself as a leading scholar in financial economics, behavioral finance, and macro-finance.
Professor Sraer received his B.S. in applied mathematics and economics from École Polytechnique in France in 2001 and his Ph.D. in economics from the Toulouse School of Economics in 2007. Before joining UC Berkeley, he was an assistant professor of economics at Princeton University, where he was awarded the Jacob Viner preceptorship.
David Sraer's research spans several interconnected areas within finance and economics. His work in behavioral finance examines how psychological factors influence financial decision-making, while his research in corporate finance investigates capital structure, investment decisions, and corporate governance. He has made significant contributions to macro-finance, exploring the connections between financial markets and the broader economy, particularly in how monetary policy transmits through banking systems. His work on collateral constraints and resource misallocation has provided new methodologies for quantifying financial frictions in the economy.
Professor Sraer's publication record demonstrates a consistent focus on empirical and quantitative approaches to understanding financial markets and institutions. His recent work shows increasing emphasis on micro-macro connections, using detailed firm-level data to understand aggregate economic phenomena. He has developed innovative methods for measuring misallocation and studying the effects of financial frictions on productivity and output. A significant portion of his research leverages natural experiments and quasi-experimental designs to establish causal relationships in financial economics.
- James J. and Marianne B. Lowrey Chair in Business
- Jacob Viner preceptorship from Princeton University
- Associate editor for the Journal of Finance
- Co-Editor of Management Science (2021-2022)
Professor Sraer is actively involved in policy-relevant research, having served as a member of the Economic Council of the French Prime Minister (CAE) from 2021 to 2024. He maintains strong research affiliations as a research associate at the National Bureau of Economic Research (NBER) and a research affiliate at the Centre for Economic Policy Research (CEPR). His collaborative research network spans multiple institutions, with frequent co-authorship with scholars from various universities.
