Stephn F LeRoy.docVIP

Stephen F. LeRoy May 31, 2006 Department of Economics University of California Santa Barbara, CA 93106 (805) 893-2438 sleroy@econ.ucsb.edu 6 Rincon Point Lane Carpinteria, CA 93013 (805) 684-5671 Education: BA, Economics, Cornell University, 1965 Ph.D., Economics, University of Pennsylvania, 1971 Professional Appointments: IAE de Lyon, Universite Jean Moulin, Visiting Professor of Finance, April-June 1994 Carlson School of Management, University of Minnesota, Carlson Professor of Finance, September 1991 – January 1997 University of California, Davis, Visiting Professor of Economics, October 1989 - December 1989 Federal Reserve Bank of San Francisco, Visiting Economist, September 1988 - August 1989 Federal Reserve Bank of Minneapolis, Visiting Economist, July 1988 - September 1988 University of California, Berkeley, School of Business Administration, Visiting Professor of Economics, August 1986 - May 1987 California Institute of Technology, Visiting Professor of Finance, January 1985 - March 1985, January 1986 - March 1986 University of Chicago, Graduate School of Business, Visiting Assistant Professor of Economics and International Business, October 1979 - June 1980 University of California, Santa Barbara, Assistant Professor, July 1977 - June 1980; Associate Professor, July 1980 - June 1982; Professor, July 1982 - June 1991, September 1997 - Present Institute for International Economic Studies, University of Stockholm, Associate Professor, February 1975 - June 1975. Federal Reserve Board, Economist, September 1973 - June 1977 Federal Reserve Bank of Kansas City, Economist, October 1970 - July 1973 Published Papers: Risk-Aversion and the Martingale Property of Stock Prices, International Economic Review 1973. Reprinted in Andrew W. Lo, ed., Market Efficiency: Stock Market Behaviour in Theory and Practice, (Edward Elgar), 1997. Stock Market Optimality: Comment, Quarterly Journal of Economics, 1976