Biography

Laura Veldkamp is an Associate Professor of Economics at the Stern School of Business, New York University. Professor Veldkamp earned a B.A in applied mathematics and economics from Northwestern University, and a Ph.D. in economic analysis and policy from Stanford Graduate School of Business.

Professor Veldkamp's research focuses on how individuals, investors and firms get their information, how that information affects the decisions they make, and how those decisions affect the macroeconomy and asset prices. Her work spans macroeconomics, monetary economics, international finance, microeconomic theory and asset pricing. Professor Veldkamp's recent work models women who learn about the affect of maternal employment on children. When these women learn by observing their neighbors, the resulting patterns of beliefs and employment decisions resemble the geographic patterns of female labor force participation in the U.S.

Professor Veldkamp has published articles in the American Economic Review, Review of Economic Studies, Journal of Economic Theory and the Journal of Monetary Economics.

Research Interests

• Macroeconomics
• Markets for information
• Asset pricing

Courses Taught

• Global Business Environment
• Imperfect Information and Market Frictions

Academic Background

Ph.D., Economic Analysis & Policy, 2001
Stanford Business School

B.A., Applied Mathematics & Economics, 1996
Northwestern University

Awards & Appointments

Stanford University	Hoover National Fellow	2010
Glucksman Institute Research Prize	3rd place	2009
Q-Group research competition	Winner	2009
CEPR (Center for Economic Policy Research)	Research Fellow	2009
Utah Winter Finance Conference	Winner of the 2008 JP Morgan Prize for the best paper	2008
NBER (National Bureau for Economic Research)	Faculty Research Fellow	2008
NYU Stern	Jules I. Backman Faculty Fellow	2008
Glucksman Institute Research Prize	1st place	2006
Princeton University, Department of Economics	Kenen Fellowship	2006
Financial Management Association	Best Paper Prize in Investments

Selected Publications

A. Fogli, L. Veldkamp (2011)
Nature or Nurture? Learning and the Geography of Female Labor Force Participation
Econometrica, forthcoming 2011

S. Van Nieuwerburgh, L. Veldkamp (2010)
Information Acquisition and Under-Diversification
Review of Economic Studies, April 2010, v. 77(2), p. 779-805

S. Van Nieuwerburgh, L. Veldkamp (2009)
Information Immobility and the Home Bias Puzzle
http://pages.stern.nyu.edu/%7Elveldkam/pdfs/homebias.pdf

C. Hellwig, L. Veldkamp (2009)
Knowing What Others Know: Coordination Motives in Information Acquisition
Review of Economic Studies, 2009, v.76, pp.223-251

V. Skreta, L. Veldkamp (2009)
Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation
Journal of Monetary Economics, July 2009, v.56(5), p.678-695

J. Wolfers, L. Veldkamp (2007)
Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement
Journal of Monetary Economics, Sept 2007, v. 54(S), pp.37-55

L. Veldkamp (2006)
Media Frenzies in Markets for Financial Information
American Economic Review, June 2006, v.96(3), p.577-601

S. Van Nieuwerburgh, L. Veldkamp (2006)
Learning Asymmetries in Real Business Cycles
Journal of Monetary Economics, May 2006, 53(4), p. 753-772

L. Veldkamp (2006)
Information Markets and the Comovement of Asset Prices
Review of Economic Studies, July 2006, v.73(3), p.823-845

L. Veldkamp (2005)
Slow Boom, Sudden Crash
Journal of Economic Theory, October 2005, v.124(2), p.230-257