Ansattprofil

Alessandro Graniero

Førsteamanuensis - Institutt for finans

Bilde av Alessandro Graniero

Biografi

Personal web page: https://sites.google.com/site/alessandrograniero/


Publikasjoner

Ehling, Paul; Graniero, Alessandro & Heyerdahl-Larsen, Christian (2017)

Asset prices and portfolio choice with learning from experience

85(3) , s. 1752- 1780. Doi: https://doi.org/10.1093/restud/rdx077 - Fulltekst i vitenarkiv

We study asset prices and portfolio choice with overlapping generations, where the young disregard history to learn from own experience. Disregarding history implies less precise estimates of output growth, which in equilibrium leads the young to increase their investment in risky assets after positive returns, that is, they act as trend chasers. In equilibrium, the risk premium decreases after a positive shock and, therefore, trend chasing young agents lose wealth relative to old agents who behave as contrarians. Consistent with findings from survey data, the average belief about the risk premium in the economy relates negatively to future excess returns and is smoother than the true risk premium.

Graniero, Alessandro (2020)

The Macro and Asset Pricing Implications of Fluctuating Information Quality

[Conference Lecture]. Event

Konermann, Patrick; Ehling, Paul & Graniero, Alessandro (2020)

Asset Pricing with a CEO

[Conference Lecture]. Event

Graniero, Alessandro (2019)

The Macro and Asset Pricing Implications of Fluctuating Information Quality

[Conference Lecture]. Event

Graniero, Alessandro; Ehling, Paul & Konermann, Patrick (2019)

Asset Pricing with a CEO

[Conference Lecture]. Event

Graniero, Alessandro; Ehling, Paul & Heyerdahl-Larsen, Christian (2016)

Asset Prices and Portfolio Choice with Learning from Experience

[Report Research].

Graniero, Alessandro (2016)

Information Precision, Confidence Risk and the Macroeconomy.

[Lecture]. Event

Graniero, Alessandro (2016)

Information Precision, Confidence Risk and the Macroeconomy

[Report Research].

Akademisk grad
År Akademisk institusjon Grad
2016 London Business School PhD
2009 University of Turin MSc in Finance
2007 University of Turin Bachelor
Arbeidserfaring
År Arbeidsgiver Tittel
2021 - Present BI Norwegian Business School Associate professor
2016 - 2020 BI Norwegian Business School Assistant Professor