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Laura Veldkamp

Laura Veldkamp
Leon G. Cooperman Professor of Finance & Economics
Finance Division
Areas of Expertise
Macroeconomics
Contact
Office: 725 Kravis
E-mail: [email protected]
Links
Personal Website
Curriculum Vitae

Laura Veldkamp is a Professor of Finance at Columbia University's Graduate School of Business and is a former editor of the Journal of Economic Theory. Professor Veldkamp earned a B.A in applied mathematics and economics from Northwestern University, and a Ph.D. in economic analysis and policy from Stanford Graduate School of Business. Prior to joining Columbia, she taught at NYU for 15 years. She is a faculty research fellow for the National Bureau of Economic Research and the Centre for Economic and Policy Research, and a frequent consultant for the New York and Minneapolis Federal Reserve Banks. She is also the author of the textbook, Information Choice in Macroeconomics and Finance (Princeton University Press).

Professor Veldkamp’s research focuses on how individuals, investors, and firms get their information, how that information affects the decisions they make, and how those decisions affect the macroeconomy and asset prices. Her recent work examines the data economy and the value of data as an asset.
 

Education
Ph.D. in Economic Analysis and Policy, 2001, Stanford Graduate School of Business; BA in Math and Economics, 1996, Northwestern University Bachelor of Arts in Math and Economics
Joined CBS
2018

All Activities

  • Research
  • Teaching
  • Awards and Honors
  • Press
  • Journal articles
  • Working papers
  • Articles
  • Books
  • Chapters
Type
Journal Article
Chung, Cindy and Laura Veldkamp
. “Data and the Aggregate Economy.”
Journal of Economic Literature
(Forthcoming).
Read More about Data and the Aggregate Economy
Download PDF on Data and the Aggregate Economy
Type
Journal Article
Begenau, Juliane, Maryam Farboodi, and Laura Veldkamp
. “Big Data in Finance and the Growth of Large Firms.”
Journal of Monetary Economics
vol.
97
, (Forthcoming):
71
-
87
.
Read More about Big Data in Finance and the Growth of Large Firms
Type
Journal Article
Farboodi, Maryam, Adrien Matray, Laura Veldkamp, and Venky Venkateswaran
. “Where Has All the Data Gone?”
Review of Financial Studies
vol.
35
, no.
7
(July 01, 2022):
3101
-
3138
.
Read More about Where Has All the Data Gone?
Download PDF on Where Has All the Data Gone?
Type
Journal Article
Boyarchenko, Nina, David Lucca, and Laura Veldkamp
. “Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Auctions.”
Journal of Political Economy
vol.
129
, (February 01, 2021):
607-645
.
Read More about Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Auctions
Download PDF on Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Auctions
Type
Journal Article
Kozlowski, Julian, Laura Veldkamp, and Venky Venkateswaran
. “The Tail That Wags the Economy: Beliefs and Persistent Stagnation.”
Journal of Political Economy
vol.
128
, (August 01, 2020):
2839
-
2879
.
Read More about The Tail That Wags the Economy: Beliefs and Persistent Stagnation
Download PDF on The Tail That Wags the Economy: Beliefs and Persistent Stagnation
Type
Journal Article
Farboodi, Maryam and Laura Veldkamp
. “Long Run Growth of Financial Data Technology.”
American Economic Review
vol.
110
, (August 01, 2020):
2485
-
2523
.
Read More about Long Run Growth of Financial Data Technology
Download PDF on Long Run Growth of Financial Data Technology
Type
Journal Article
Kacperczyk, Marcin, Stijn Van Nieuwerburgh, and Laura Veldkamp
. “A Rational Theory of Mutual Funds' Attention Allocation.”
Econometrica
vol.
84
, (March 01, 2016):
571
-
626
.
Read More about A Rational Theory of Mutual Funds' Attention Allocation
Download PDF on A Rational Theory of Mutual Funds' Attention Allocation
Type
Journal Article
Kacperczyk, Marcin, Stijn Van Nieuwerburgh, and Laura Veldkamp
. “Time-Varying Fund Manager Skill.”
The Journal of Finance
vol.
69
, (August 01, 2014):
1455
-
1484
.
Read More about Time-Varying Fund Manager Skill
Download PDF on Time-Varying Fund Manager Skill
Type
Journal Article
Bolton, Patrick, Markus Brunnermeier, and Laura Veldkamp
. “Leadership, Coordination and Mission-Driven Management.”
Review of Economic Studies
vol.
80
, (April 01, 2013):
512
-
537
.
Read More about Leadership, Coordination and Mission-Driven Management
Download PDF on Leadership, Coordination and Mission-Driven Management
Type
Journal Article
Bolton, Patrick, Markus Brunnermeier, and Laura Veldkamp
. “Leadership, Coordination and Corporate Culture.”
Review of Economic Studies
vol.
80
, (April 01, 2013):
512
-
537
.
Read More about Leadership, Coordination and Corporate Culture
Download PDF on Leadership, Coordination and Corporate Culture
Type
Journal Article
Van Nieuwerburgh, Stijn and Laura Veldkamp
. “Information Acquisition and Under-Diversification.”
The Review of Economic Studies
vol.
77
, (April 01, 2010):
779
-
805
.
Read More about Information Acquisition and Under-Diversification
Download PDF on Information Acquisition and Under-Diversification
Type
Journal Article
Van Nieuwerburgh, Stijn and Laura Veldkamp
. “Information Immobility and the Home Bias Puzzle.”
The Journal of Finance
vol.
64
, (June 01, 2009):
1187
-
1215
.
Read More about Information Immobility and the Home Bias Puzzle
Download PDF on Information Immobility and the Home Bias Puzzle
Type
Journal Article
Van Nieuwerburgh, Stijn and Laura Veldkamp
. “Learning Asymmetries in Real Business Cycles.”
Journal of Monetary Economics
vol.
53
, (May 01, 2006):
753
-
772
.
Read More about Learning Asymmetries in Real Business Cycles
Download PDF on Learning Asymmetries in Real Business Cycles
Type
Journal Article
Van Nieuwerburgh, Stijn and Laura Veldkamp
. “Inside Information and the Own Company Stock Puzzle.”
Journal of the European Economic Association
vol.
4
, (May 01, 2006):
623
-
633
.
Read More about Inside Information and the Own Company Stock Puzzle
Download PDF on Inside Information and the Own Company Stock Puzzle
Type
Working Paper
Veldkamp, Laura, Ernest Liu, and Song Ma
. Data Sales and Data Dilution. July 25, 2023.
Read More about Data Sales and Data Dilution
Download PDF on Data Sales and Data Dilution
Type
Working Paper
Farboodi, Maryam, Dhruv Singal, Laura Veldkamp, and Venky Venkateswaran
. Valuing Financial Data. April 21, 2023.
Read More about Valuing Financial Data
Download PDF on Valuing Financial Data
Type
Working Paper
Eeckhout, Jan and Laura Veldkamp
. Data and Markups: A Macro-Finance Perspective. February 22, 2023.
Read More about Data and Markups: A Macro-Finance Perspective
Download PDF on Data and Markups: A Macro-Finance Perspective
Type
Working Paper
Abis, Simona and Laura Veldkamp
. The Changing Economics of Knowledge Production. October 19, 2021.
Read More about The Changing Economics of Knowledge Production
Type
Working Paper
Farboodi, Maryam and Laura Veldkamp
. A Model of the Data Economy. October 05, 2021.
Read More about A Model of the Data Economy
Download PDF on A Model of the Data Economy
Type
Chapter
Kozlowski, Julian, Laura Veldkamp, and Venky Venkateswaran
. “Scarring Body and Mind: The Long-Term Belief-Scarring Effects of COVID-19.” In
Jackson Hole Economic Policy Symposium Proceedings
,
Kansas City Federal Reserve bank
, 2020.
Read More about Scarring Body and Mind: The Long-Term Belief-Scarring Effects of COVID-19
Download PDF on Scarring Body and Mind: The Long-Term Belief-Scarring Effects of COVID-19
  • Courses
  • Case Studies
Type
Course
B9335: Information In Financial Markets
View Course on Information In Financial Markets
Type
Course
B8432: International Finance
View Course on International Finance
Type
Course
B9302: (PhD) Finance Theory I
View Course on (PhD) Finance Theory I
Type
Course
B6301: Foundations of Valuation
View Course on Foundations of Valuation
  • Awards & Honors
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Type
In the Media

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Marketplace Radio
Type
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CNN
Type
In the Media

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Columbia News
Type
In the Media

Columbia's Veldkamp: Big Data Has Hard Limits

Poets and Quants
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