Monika Piazzesi is the Joan Kenny Professor of Economics at Stanford University. She is the program director of the NBER Asset Pricing Program, a Fellow of the Academy of Arts and Sciences and the Econometric Society, and a Guggenheim Fellow during 2015-2016. During the years 2006-2014, she was co-editor of the Journal of Political Economy. Prior to joining Stanford, she taught at the University of Chicago and UCLA. She received the Elaine Bennett Research Prize and the Bernazer Price for Research in Macroeconomics and Finance. She holds a diploma in economics from the University of Bonn and a PhD from Stanford. Her research focuses on the interactions between financial markets and the economy. Her work has studied the impact of monetary policy on the term structure of interest rates, booms and busts in housing markets, and the risk exposures of financial institutions.