NANCY R. XU
Assistant Professor of Finance, Carroll School of Management, Boston College
Research Affiliate, Centre for Economic Policy Research (CEPR)
Welcome! I am an Assistant Professor of Finance at Boston College. I am also a research affiliate at the Centre for Economic Policy Research (CEPR).
My research spans macro-finance, asset pricing, and political economy, with recent focuses on Fiscal Policy perceptions and Federal Reserve governance. I received my Ph.D. from Columbia Business School in 2018.
At the 2022 WFA in Portland, I proudly co-organized the 17th Early Career Women in Finance Conference. Program (6/24/2022)
At the 2025 Kentucky Finance Conference, I became the first female professor to win the Horseplayer of the Year trophy! Keeneland Race (4/25/2025)
I will be joining the University of Cambridge Judge Business School as a tenured Associate Professor of Finance in summer 2026.
2026/01/31: New paper "Unreadable Political Trades" (soon)
(Recent conferences: 2026 SAIF ANNUAL RESEARCH CONFERENCE)
2026/01/29: New paper "Fiscal Insurance" CEPR SSRN
2025/11/30: Updated paper "Forecasting International Stock Market Variances" SSRN
>> Download our International Variance Data
2025/10/20: Updated paper "When Do FOMC Voting Rights Affect Monetary Policy?" PDF SSRN
(Recent conferences: NBER, 2025 ITAM Finance Conference)
2025/09/21: New paper "Legislative Trades" PDF SSRN
(Recent conferences: 17th Annual Florida State University Truist Beach Conference, 2026 MFA, 2025
SQA Boston Half-Day Quant Finance Conference)
2025/08/20: Updated paper "Fiscal Risk Perception: Evidence from Analyst Forecasts" PDF SSRN
(Recent conferences: 2026 MFA)
2025/05/17: Updated paper "Local Monetary Policy" PDF SSRN
(Recent conferences: 2025 University of Kentucky Finance Conference, 2025 UC Davis-NAPA
Conference, 2025 MFA, 2025 Stanford SITE ``New Frontiers in Asset Pricing'')
2025/03/16: Updated paper "Risk, Monetary Policy and Asset Prices in a Global World" PDF SSRN
2024/10/27: Updated paper "Main Street's Pain, Wall Street's Gain" PDF SSRN
>> Forthcoming at Journal of Financial Economics
(Recent conferences: NBER SI Asset Pricing)
2026/01/31: Up-to-date indices of risk aversion and uncertainty! Link
2025/04/11: New page -- How does the market perceive the trade war on a daily basis?
2026/01/30: Nick, Steve, Jesus, Zheng, Bo, and I co-organized a SITE session "The Macroeconomics of Uncertainty and Volatility" at Stanford on September 2-4, 2026. Deadline: June 17, 2026.
2024/02/09: I had a great time talking to Tim Philips (VoxTalks Economics); https://cepr.org/multimedia/main-streets-pain-wall-streets-gain