Francisco Palomino 

Assistant Professor of Finance
Ross School of Business R4430
The University of Michigan
701 Tappan Street
Ann Arbor, MI 48109      

Phone: (734) 615 4178   

Areas of Interest

Asset pricing, fixed income, macroeconomics.

Curriculum Vitae


Nominal Rigidities, Asset Returns, and Monetary Policy (with Erica X.N. Li), Journal of Monetary Economics (forthcoming).
     This is a previous version of the paper that focuses on policy shocks: Monetary Policy Risk and the Cross Section of Stock Returns

Bond Risk Premiums and Optimal Monetary Policy,  Review of Economic Dynamics, Volume 15, Issue 1, January 2012.

Arbitrage Free Bond Pricing with Dynamic Macroeconomic Models (with Michael Gallmeyer, Burton Hollifield and Stanley Zin), The Federal Reserve Bank of St. Louis Review, July/August 2007.


Working Papers

Term Premium Dynamics and the Taylor Rule (with Michael Gallmeyer, Burton Hollifield and Stanley Zin), February, 2009.

Monetary Policy, Time-Varying Risk Premiums, and the Economic Content of Bond Yields, August,  2010.

A Simple Solution Method for Models with Time-Varying Volatility (with Alex Hsu), October 2011.

What Do Nominal Rigidities and Monetary Policy Tell Us about the Real Yield Curve? (with Erica X.N. Li and Alex Hsu), November 2012.

Leisure Preferences, Long-Run Risks, and Human Capital Returns (Robert Dittmar and Wei Yang), February 2014.


Work in  Progress

Creative Destruction and Asset Returns (with Robert Dittmar and Ozge Sahin).