G. William Schwert
Gleason Professor of Finance and Statistics
Office: 3-110L Carol Simon Hall
Phone: (716) 275-2470
Fax: (716) 461-5475
With Simon School since: 1976
Current Courses: APS 420, EXP 481, FIN 423, FIN 533
A.B. with Honors (Economics), Trinity College (Hartford, Connecticut), 1971.
M.B.A., University of Chicago, 1973.
Ph.D., University of Chicago, (Economics, Finance, Econometrics), 1975.
Bill Schwert is the Gleason Professor of Finance and Statistics at the
University of Rochester's William E. Simon Graduate School of Business
Administration. He came to Rochester in 1976, after spending the 1975-76
academic year at the University of Chicago as an Assistant Professor of
Finance. He received his A.B. with honors in economics from Trinity
College in Hartford, Connecticut in 1971, his M.B.A. in 1973 and his Ph.D.
in 1975 both from the University of Chicago.
Bill has been a Research Associate of the National Bureau of Economic
Research since 1988. He was the Chair of the Business and Economics
Section of the American Statistical Association in 1990, and from 1987-89
he was a Director of the American Finance Association. He has been one of
the Editors of the Journal of Financial Economics since 1979.
Beginning in 1996, Bill is the Managing Editor of the JFE.
He is an Associate Editor of the Journal of Finance, the Journal
of Monetary Economics, and of Abstracts of Working Papers in
Economics. Bill serves on the Advisory Board of the Journal of
Applied Corporate Finance. He is a co-founder of Knollwood Consulting Group, Inc., an economic and financial consulting firm.
In 1982, Bill was the first Center for Research in Security Prices
Distinguished Research Scholar at the University of Chicago. He was one
of three recipients of the Batterymarch Research Fellowship for the
1982-83 academic year. He was also among the first group of ten Mentors
at the University of Rochester, an award based on scholarship and
teaching. He is included Who's Who in Finance and Industry, Who's Who in American Education, and Who's
Who in the East. His paper "Why Does Stock Market Volatility Change
Over Time?" won a Smith-Breeden Distinguished Paper Prize from the
Journal of Finance in 1990 and his paper "Stock Market Volatility"
won the Graham and Dodd Plaque from the Financial Analysts Journal
Bill's research has covered broad areas of economics, finance and
statistics, including: (a) the relations among interest rates,
inflation rates and asset returns; (b) the effects of stock market
volatility on asset returns; (c) the effects of government regulation
on business; and (d) the use of modern time series techniques to
analyze economic and financial data. His papers have been cited more
than 2,000 times by published books and journal articles covered in the
Social Science Citation Index. Doctoral students he has supervised are
now faculty members at the University of Chicago, Harvard University,
the University of Pennsylvania, the University of Michigan, and
Northwestern University, among others.
© Copyright 1996, G. William Schwert
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