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Welcome! I am an Assistant Professor of Finance at Boston College, Carroll School of Management, where I teach Data Analytics in Finance. I study the intersection of asset pricing, macro finance, and international finance through two distinctive research streams. My first research stream examines the measurement, the determinants, and the international spillovers of investor risk aversion and risk perception. My second research stream examines the relationship between fiscal policy and capital markets, with a unique focus on “Fiscal Policy Perception” by investors, analysts, and the public. 

​I received my Ph.D. from Columbia Business School in 2018. In the summer of 2017, I interned at the Federal Reserve Bank of New York. Prior to my Ph.D., I received statistical training from Peter Guttorp. I am also a consultant for the European Central Bank in Frankfurt. 


At the 2022 WFA in Portland, I proudly co-organized the 17th Early Career Women in Finance Conference. 

Website Program (June 24, 2022) Call for Paper (April 15, 2022)

Nancy Xu, Nancy R Xu, Nancy R. Xu

2023/05/16: Updated paper "Risk, Monetary Policy and Asset Prices in a Global World" PDF SSRN

2023/04/07: Updated paper "Main Street's Pain, Wall Street's Gain" PDF SSRN

                    (Recent conferences: NBER SI Asset Pricing, Stanford SITE ``New Frontiers in Asset Pricing'',                          Stanford SITE ``The Macroeconomics of Uncertainty and Volatility'', Chicago Booth asset pricing

                    conference, 2023 AFA, 2023 MFA, 2023 Kentucky Finance Conference)

2023/02/16: Updated paper "The Global Determinants of International Equity Risk Premiums" PDF SSRN

                        >> Forthcoming at Management Science

2023/01/04: Updated paper "Risk Aversion Spillover" PDF SSRN

                        >> Under revision for Journal of Financial Economics

2023/01/03: New paper "Do Analysts Act On Fiscal Spending?" PDF (coming soon)

                    (Recent conferences: 2023 AEA)

2022/11/15: New paper "Do the Voting Rights of Federal Reserve Bank Presidents Matter?" PDF SSRN

                        >> Under revision for Quarterly Journal of Economics

                    (Recent conferences: 2023 Weinberg/ECGI Corporate Governance Symposium, 2023 UCLA Fink                      Center Conference, 13th NYU-LawFin/SAFE-ESCP BS Law & Banking/Finance Conference,                               2023 European Summer Symposium in Financial Markets (ESSFM) CEPR, 2023 NFA)

2023/06/03: Up-to-date indices of risk aversion and uncertainty! Link

2023/03/31: I will co-organize a Stanford SITE session "Session 12: The Macroeconomics of Uncertainty and Volatility" (Sept 6-8, 2023; @Stanford) with Nick Bloom, Steve Davis, Jesus Fernandez-Villaverde, Zheng Liu, and Bo Sun! The deadline for paper submission is June 5, 2023. Link

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