Deborah Lucas

Sloan Distinguished Professor of Finance, MIT Sloan School of Management, and Director MIT Golub Center for Finance and Policy

Deborah J. Lucas is the Sloan Distinguished Professor of Finance at the MIT Sloan School of Management and the Director of the MIT Center for Finance and Policy. Her recent research has focused on the problem of measuring and accounting for the costs and risks of government financial investments and interventions. Her published papers cover a wide range of topics, including the effect of idiosyncratic risk on asset prices and portfolio choice, dynamic models of corporate finance, financial institutions, and monetary economics.

Previous appointments include Associate Director and then inaugural Assistant Director of the Financial Analysis Division at the Congressional Budget Office from 2009-2011; Donald C. Clark Professor of Finance at Northwestern University’s Kellogg School of Management from 1996-2009; Chief Economist at the Congressional Budget Office from 2000 to 2001; Senior Economist at the Council of Economic Advisers from 1992 to 1993; and member of the Social Security Technical Advisory Panels from 1999-2000 and 2006–2007.

She is on the editorial panel of the Annual Review of Financial Economics, an Associate Editor of AER-Policy, and a co-organiser of the group Capital Markets and the Economy at the NBER. She is an elected member of the National Academy of Social Insurance and the National Academy of Public Administration, a Research Associate of the NBER, a member of the Advisory Roundtable of the Federal Reserve Bank of New York and of the Academic Research Council of the Housing Finance Policy Center. She is currently on the board of the CME, and has served as a Director on several corporate and non-profit boards, including the American Finance Association. She received her BA, MA, and a PhD in economics from the University of Chicago.

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CEPR Policy Research