PERSON: John Cochrane

Hoover Institution

Senior Fellow

John Howland Cochrane (/ˈkɒkrən/ KOK-rən; born 26 November 1957) is an American economist who has served as the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution since 2015. A specialist in financial economics and macroeconomics, he has been a professor of finance and economics by courtesy at the Stanford Graduate School of Business since 2016. From 1994 to 2015, he served as the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.

Born in Chicago, Cochrane received a BS in physics from the Massachusetts Institute of Technology in 1979, and a PhD in economics from the University of California, Berkeley in 1986. From 1982 to 1983, he was a junior staff macroeconomist for the Council of Economic Advisers. In 1985, he became an assistant professor at the University of Chicago, and moved to the Booth School of Business in 1994, where he became the AQR Capital Management Distinguished Service Professor of Finance. He moved to the Hoover Institution at Stanford University in 2015, where he serves as the Rose-Marie and Jack Anderson Senior Fellow; he is also a professor of economics and finance at the Stanford Graduate School of Business by courtesy.

Cochrane has been a research associate at the NBER since 1998, and directed its Asset Pricing Program from 1998 to 2007. He was elected a Fellow of the Econometric Society in 2001, and served as Editor of the Journal of Political Economy from 1998 to 2003. From 2009 to 2010, he was President of the American Finance Association, on whose board of directors he served from 2003 to 2006.

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