Professor Donaldson teaches courses in basic finance and options. He focuses on business cycles and asset pricing, with a particular emphasis on the real side of the economy’s impact on equilibrium pricing of financial assets. His work has appeared in numerous professional journals, including the Journal of Economic Dynamics and Control, Econometrica, the Journal of Economic Theory and the Journal of Monetary Economics.
Teaching and research interest
Shimer Meets the Production Based Asset Pricing Crowd: Labor Search and Asset Returns Working paper (2011)
Executive Compensation: Salary vs. Incentive Pay: An Inconvenient Truth Working paper (2010)
Equilibrium Impact of Demographic Changes on Asset Prices Working paper (2010)
Some Unpleasant General Equilibrium Implications of Executive Incentive Compensation Contracts Working Paper No, 15165 (2010)