Academic Appointments


Administrative Appointments


  • Joan Kenney Professor of Economics, Department of Economics, Stanford University (2010 - Present)
  • Professor of Economics, Department of Economics, Stanford University (2008 - Present)
  • Monetary Advisor, Federal Reserve Bank of Minneapolis (2007 - 2008)
  • John Huizinga Faculty Fellow, Graduate School of Business, University of Chicago (2006 - 2008)
  • Professor of Finance, Graduate School of Business, University of Chicago (2006 - 2008)
  • Associate Professor, Graduate School of Business, University of Chicago (2005 - 2006)
  • Assistant Professor, Graduate School of Business, University of Chicago (2003 - 2005)
  • Assistant Professor, UCLA Anderson School (2000 - 2003)

Honors & Awards


  • Faculty Teaching Prize, Department of Economics, Stanford University (2011)
  • Fellow, Academy of Arts and Sciences (2011)
  • Fellow, Econometric Society (2008)
  • Elaine Bennett Research Prize, American Economic Association (2006)
  • Research Fellow, Alfred P. Sloan Foundation (2005 - 2007)
  • Bernacer Prize, Observato rio del Banco Central Europeo (2005)
  • George W. Robbins Award for Teaching Excellence, UCLA (2003)
  • Zellner Award, Amstat Online (2001)
  • Fellowship, Bradley Foundation (1999 - 2000)
  • Dissertation Fellowship, Alfred P. Sloan Foundation (1998 - 1999)
  • Dissertation Fellowship, German National Academic Foundation (1997 - 2000)
  • Outstanding Teaching Assistant Awards, Econ 102 (Introduction to Econometrics) and Econ 103 (Applied Macroeconomics), Stanford University (1997)
  • Fellowship, German Academic Exchange (1995 - 1996)
  • Erasmus Fellowship, European Community (1993 - 1994)

Boards, Advisory Committees, Professional Organizations


  • Member, Working Group on Global Markets, Stanford University
  • Member, American Economic Association, Executive Committee (2011 - 2013)
  • Member, AFA Board of Directors (2010 - 2012)
  • Director, Western Finance Association (2009 - 2011)
  • Affiliated Professor, Ludwig-Maximilians-Universitat Munchen (2008 - 2011)
  • Asset Pricing Program Director, National Bureau of Economic Research (2007 - Present)
  • Co-Editor, Journal of Political Economy (2006 - Present)
  • Associate Editor, American Economic Review (2006 - 2008)
  • Research Affiliate, Center for Economic and Policy Research (2005 - Present)
  • Associate Editor, Economic Journal (2005 - 2008)
  • Research Associate in the AP, EFG & ME programs, National Bureau of Economic Research (2001 - Present)

Professional Education


  • Vordiplom, University of Heidelberg, Germany, Economics (1991)
  • Diplom, University of Bonn, Germany, Economics (1994)
  • Ph.D., Stanford University, Economics (2000)

2024-25 Courses


Stanford Advisees


All Publications


  • The Housing Market(s) of San Diego AMERICAN ECONOMIC REVIEW Landvoigt, T., Piazzesi, M., Schneider, M. 2015; 105 (4): 1371-1407
  • Should the monetary policy rule be different in a financial crisis? JOURNAL OF ECONOMIC DYNAMICS & CONTROL Piazzesi, M. 2014; 49: 18-20
  • Housing Assignment with Restrictions: Theory and Evidence from Stanford University's Campus AMERICAN ECONOMIC REVIEW Landvoigt, T., Piazzesi, M., Schneider, M. 2014; 104 (5): 67-72
  • Remapping the Flow of Funds Systemic Risk and Macro Modeling Piazzesi, M., Begenau, J., Schneider, M. edited by Brunnermeier, M., Krishnamurthy, A. 2012
  • Interest Rate Risk in Credit Markets 122nd Annual Meeting of the American-Economics-Association Piazzesi, M., Schneider, M. AMER ECONOMIC ASSOC. 2010: 579–84
  • Affine Term Structure Models Handbook of Financial Econometrics Piazzesi, M. edited by Sahalia, Y. A., Hansen, L. P. North Holland, Elsevier. 2010: 691–766
  • Momentum Traders in the Housing Market: Survey Evidence and a Search Model 121st Annual Meeting of the American-Economic-Association Piazzesi, M., Schneider, M. AMER ECONOMIC ASSOC. 2009: 406–11
  • Futures prices as risk-adjusted forecasts of monetary policy JOURNAL OF MONETARY ECONOMICS Piazzesi, M., Swanson, E. T. 2008; 55 (4): 677-691
  • Inflation Illusion, Credit, and Asset Prices" Asset Pricing and Monetary Policy Piazzesi, M. edited by Campbell, J. Chicago, IL: Chicago University Press. 2008: 147–181
  • Housing, consumption and asset pricing JOURNAL OF FINANCIAL ECONOMICS Piazzesi, M., Schneider, M., Tuzel, S. 2007; 83 (3): 531-569
  • Asset Prices and Quantities Journal of the European Economic Association Piazzesi, M., Schneider, M. 2007; 5: 380-389
  • Equilibrium Yield Curves NBER Macroeconomics Annual 2006 Piazzesi, M., Schneider, M. edited by Acemoglu, D., Rogoff, K., Woodford, M. Cambridge MA: MIT press. 2007: 389–442
  • What does the yield curve tell us about GDP growth? JOURNAL OF ECONOMETRICS Ang, A., Plazzesi, M., Wei, M. 2006; 131 (1-2): 359-403
  • Modeling bond yields in finance and macroeconomics 117th Annual Meeting of the American-Economic-Association Diebold, F. X., Piazzesi, M., Rudebusch, G. D. AMER ECONOMIC ASSOC. 2005: 415–20
  • Bond yields and the federal reserve JOURNAL OF POLITICAL ECONOMY Piazzesi, M. 2005; 113 (2): 311-344
  • Bond risk premia AMERICAN ECONOMIC REVIEW Cochrane, J. H., Piazzesi, M. 2005; 95 (1): 138-160
  • Corporate earnings and the equity premium JOURNAL OF FINANCIAL ECONOMICS Longstaff, F. A., Piazzesi, M. 2004; 74 (3): 401-421
  • The role of policy rules in inflation targeting - Commentary FEDERAL RESERVE BANK OF ST LOUIS REVIEW Piazzesi, M. 2004; 86 (4): 113-115
  • A no-arbitrage vector autoregression of term structure dynamics with macroeconomic and latent variables JOURNAL OF MONETARY ECONOMICS Ang, A., Piazzesi, M. 2003; 50 (4): 745-787
  • The fed and interest rates - A high-frequency identification 114th Annual Meeting of the American-Economic-Association Cochrane, J. H., Piazzesi, M. AMER ECONOMIC ASSOC. 2002: 90–95
  • The 6D Bias and the Equity-Premium Puzzle: Comment NBER macroeconomics annual 2001 Piazzesi, M. edited by Bernanke, Rogoff, K. Cambridge and London: MIT Press. 2002: 317–29