John Y. Campbell
Encyclopedia
John Young Campbell is a British
-American
economist. He is a professor and Chairman of the Economics department at Harvard University
.
and graduated with a B.A. (First Class) from Corpus Christi College, Oxford
in 1979. He went on to complete his M.Phil and Ph.D. (1984) in economics from Yale University
.
in 1984. He remained on the faculty at Princeton until 1994, when he joined Harvard University
, where he is currently the Morton L. and Carole S. Olshan Professor of Economics. In May 2006 he was appointed a Harvard College Professor, an honor recognizing particularly distinguished contributions to undergraduate teaching in all its forms.
Campbell has received various honors including:
His invited lectures include:
, macroeconomics
, and econometrics
. He concentrates on asset pricing and portfolio choice for long-term investors. Books published by Campbell include Strategic Asset Allocation: Portfolio Choice for Long-Term Investors, Risk Aspects of Investment-Based Social Security Reform, and The Econometrics of Financial Markets.
He serves on the Board of the Harvard Management Company
and also serves as Partner, Research at Arrowstreet Capital LP, an asset management company.
He appeared in the film Inside Job
, where he downplayed the importance of financial conflicts of interest among academic economists.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
economist. He is a professor and Chairman of the Economics department at Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
.
Early years
Campbell was born on May 17, 1958. He was a scholar at Winchester CollegeWinchester College
Winchester College is an independent school for boys in the British public school tradition, situated in Winchester, Hampshire, the former capital of England. It has existed in its present location for over 600 years and claims the longest unbroken history of any school in England...
and graduated with a B.A. (First Class) from Corpus Christi College, Oxford
Corpus Christi College, Oxford
Corpus Christi College is one of the constituent colleges of the University of Oxford in the United Kingdom...
in 1979. He went on to complete his M.Phil and Ph.D. (1984) in economics from Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
.
Academic career
Campbell became an assistant professor at Princeton UniversityPrinceton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....
in 1984. He remained on the faculty at Princeton until 1994, when he joined Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
, where he is currently the Morton L. and Carole S. Olshan Professor of Economics. In May 2006 he was appointed a Harvard College Professor, an honor recognizing particularly distinguished contributions to undergraduate teaching in all its forms.
Campbell has received various honors including:
- President, American Finance AssociationAmerican Finance AssociationThe American Finance Association is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939...
2006 - Fellow, American Academy of Arts and SciencesAmerican Academy of Arts and SciencesThe American Academy of Arts and Sciences is an independent policy research center that conducts multidisciplinary studies of complex and emerging problems. The Academy’s elected members are leaders in the academic disciplines, the arts, business, and public affairs.James Bowdoin, John Adams, and...
, 2000–present - Fellow, Econometric SocietyEconometric SocietyThe Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
, 1990–present, on the Council 2002–present - Honorary Fellow, Corpus Christi CollegeCorpus Christi College, OxfordCorpus Christi College is one of the constituent colleges of the University of Oxford in the United Kingdom...
, University of OxfordUniversity of OxfordThe University of Oxford is a university located in Oxford, United Kingdom. It is the second-oldest surviving university in the world and the oldest in the English-speaking world. Although its exact date of foundation is unclear, there is evidence of teaching as far back as 1096...
, 2008 - Graham and Dodd Award for Excellence, Financial Analysts Journal, 2005
- Paul A. Samuelson Award for Outstanding Scholarly Writing in Lifelong Financial Security with various co-authors 2002; 1999 and 1997
- Association of American PublishersAssociation of American PublishersThe Association of American Publishers is the national trade association of the American book publishing industry. AAP has more than 300 members, including most of the major commercial publishers in the United States, as well as smaller and non-profit publishers, university presses and scholarly...
Award for Best Professional/Scholarly Book in Economics, with Andrew Lo and Craig MacKinlay, 1997 - Research Associate, National Bureau of Economic ResearchNational Bureau of Economic ResearchThe National Bureau of Economic Research is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end...
(NBER), 1987–present - Honorary doctorate from Maastricht University, 2009
- President, International Atlantic Economic Society, 2008-2009
- Chairman, Department of Economics, Harvard University 2009
His invited lectures include:
- Princeton Lectures in Finance, 2008
- Geneva Lecture, European Group of Risk and Insurance Economists, 2008
- William S. Vickrey Distinguished Address, International Atlantic Economic Society, 2006
- Frank Hahn Lecture, Royal Economic SocietyRoyal Economic SocietyThe Royal Economic Society is incorporated by a Royal Charter dated 2 December 1902. It is one of the oldest economic associations in the world. Currently it has over 3,300 individual members, of whom 60% live outside the United Kingdom...
, 2002 - Marshall Lectures, University of Cambridge, 2001
- Clarendon Lectures, University of Oxford, 1999
Activities
Campbell is known for his research in financial economicsFinancial economics
Financial Economics is the branch of economics concerned with "the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment"....
, macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
, and econometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
. He concentrates on asset pricing and portfolio choice for long-term investors. Books published by Campbell include Strategic Asset Allocation: Portfolio Choice for Long-Term Investors, Risk Aspects of Investment-Based Social Security Reform, and The Econometrics of Financial Markets.
He serves on the Board of the Harvard Management Company
Harvard Management Company
Harvard Management Company or HMC is an American investment management corporation wholly owned subsidiary of Harvard University, charged with managing the university's endowment, pension assets, working capital, and non-cash gifts...
and also serves as Partner, Research at Arrowstreet Capital LP, an asset management company.
He appeared in the film Inside Job
Inside Job
Inside Job is the fourth studio album by Don Henley, released in 2000, and his last album of all-new material to date.The song "Goodbye to a River" was apparently named after the book of the same title by John Graves...
, where he downplayed the importance of financial conflicts of interest among academic economists.