Laura Veldkamp
From Wikipedia, the free encyclopedia
Laura Veldkamp | |
|---|---|
 | |
| Academic background | |
| Alma mater | Northwestern University (BA) Stanford University (PhD) |
| Academic work | |
| Discipline | Economics |
| Institutions | |
Laura Veldkamp is an American economist teaching as a professor of finance at Columbia University's Graduate School of Business and also serves as an editorial advisor of the Journal of Economic Theory.[1][2][3][4]
Veldkamp graduated with a Bachelor of Arts in Math and Economics from Northwestern University in 1996. She received her Ph.D. in Economic Analysis and Policy from the Stanford Graduate School of Business in 2001.[1]
Career
Early career
Veldkamp started her teaching career as an assistant professor of economics at INSEAD from 2001 to 2003. She then taught at New York University Stern School of Business as an assistant professor of economics from 2003 to 2008, before being promoted to an associate professor of economics. During her tenure at NYU, she was also a Kenen Fellow in the Department of Economics at Princeton University from 2006 to 2007 and a Hoover National Fellow at Stanford University from 2010 to 2011.[5][6][7] In 2018, Veldkamp left New York University to join Columbia University's Graduate School of Business.
Current career
Veldkamp currently holds the Leon G. Cooperman Chair Professorship of Finance and Economics at Columbia University's Graduate School of Business. She is recognized as a fellow of the Finance Theory Group, the Econometric Society, and the Society for the Advancement of Economic Theory, the Cornell FinTech Initiative, the Center for Economic and Policy Research, and the National Bureau of Economic Research.[1][5][8] She also chaired the program committee for the annual conference of the Society for Financial Studies in 2025.[9]
Veldkamp serves on the American Economic Association’s awards committee, which nominates winners of the prestigious John Bates Clark medal. Additionally, she has been a board member and chair of the governance committee for the American Finance Association and was formerly a co-editor of the Journal of Economic Theory.[1] Currently, she is also an economic advisor to both the New York Federal Reserve and the Bank for International Settlements.[1]
Books
Veldkamp co-authored The Data Economy: Tools and Applications with Isaac Baley, which was published by the Princeton University Press 2025.[10] They develop tools to model and measure data economies, starting from the premise that data is digitized information which fuels AI and machine learning algorithms, used for prediction. Accurate predictions reduce uncertainty.[10] The book examines how firms' use of data influences production, pricing, market power, advertising, asset pricing and business cycle dynamics.[10][11] More information can be found here.
Veldkamp is the author of the textbook Information Choice in Macroeconomics and Finance, published by the Princeton University Press in 2011.[1][12] The textbook highlights how information choice can be used to answer questions regarding "monetary economics, portfolio choice theory, business cycle theory, international finance, asset pricing, and other areas."[12] It also covers how information friction can be used to build and test applied theory models, and includes recent research topics such as "rational inattention, information markets, and strategic games with heterogeneous information."[12][13]
