Professional Experience

• • Economist

    Board of Governors of the Federal Reserve System

  • 2011 - present

• • Assistant Professor

    University of Texas - Dallas

  • 2006 - 2011

• • Assistant Professor

    University of Minnesota

  • 2000 - 2006

Publications

• Chapman, David A., and Valery Polkovnichenko (2011). "Risk Attitudes Toward Small and Large Bets in the Presence of Background Risk," Review of Finance, vol. 15, no. 4, pp. 909-927.
• Polkovnichenko, Valery (2010). "Individual Investor Portfolios," in Baker, H. K., John R. Nofsinger eds., Behavioral Finance: Investors, Corporations, and Markets. Robert W. Kolb Series in Finance. Hoboken, N.J.: Wiley, pp. 539-557.
• Gomes, Francisco J., Alexander Michaelides, and Valery Polkovnichenko (2010). "Quantifying the Distortionary Fiscal Cost of 'the Bailout'," CEPR Discussion Papers 7941. Centre for Economic Policy Research.
• Chapman, David A., and Valery Polkovnichenko (2009). "First-Order Risk Aversion, Heterogeneity, and Asset Market Outcomes," Journal of Finance, vol. 64, no. 4, pp. 1863-1887.
• Gomes, Francisco, Alexander Michaelides, and Valery Polkovnichenko (2009). "Optimal Savings with Taxable and Tax-Deferred Accounts," Review of Economic Dynamics, vol. 12, no. 4, pp. 718-735.
• Polkovnichenko, Valery (2007). "Life-Cycle Portfolio Choice with Additive Habit Formation Preferences and Uninsurable Labor Income Risk," Review of Financial Studies, vol. 20, no. 1, pp. 83-124.
• Gomes, Francisco J., Alexander Michaelides, and Valery Polkovnichenko (2005). "Wealth Accumulation and Portfolio Choice with Taxable and Tax-Deferred Accounts," CEPR Discussion Papers 4852. Centre for Economic Policy Research.
• Polkovnichenko, Valery (2005). "Household Portfolio Diversification: A Case for Rank-Dependent Preferences," Review of Financial Studies, vol. 18, no. 4, pp. 1467-1502.
• Gomes, Francisco, Alex Michaelides, and Valery Polkovnichenko (2004). "Portfolio Choice and Wealth Accumulation with Taxable and Tax-Deferred Accounts," FMG Discussion Papers 519. Financial Markets Group.
• Polkovnichenko, Valery (2003). "Human Capital and the Private Equity Premium," Review of Economic Dynamics, vol. 6, no. 4, pp. 831-845.

Presentations

• conference

  2011

  IMF/GWU Finance Conference

• conference

  2010

  Western Finance Association

• conference

  2010

  China International Finance Conference

  (presentation by co-author)

• conference

  2010

  Miami Behavioral Finance Conference

• conference

  2010

  UBC Winter Finance Conference

  (discussant)

Other Activities