Overview
John Y. Campbell is a financial economist (Morton L. and Carole S. Olshan Professor of Economics, Harvard University), a leading figure in empirical asset pricing, the econometrics of financial markets, and household finance.
Key Contributions / Features
- Cointegration and present-value models (Campbell-Shiller 1987): with Robert Shiller, showed present-value models imply cointegration and built VAR-based tests (Cointegration).
- Foundational work on stock-return predictability, the dividend-price ratio and the dynamic Gordon (Campbell-Shiller log-linear) present-value decomposition, the term structure, and strategic asset allocation; coauthor of The Econometrics of Financial Markets.
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