Hanno Lustig joined Stanford’s GSB in 2015. Prior to that, he taught at the University of Chicago, the UCLA Economics department and the UCLA Anderson School of Management. He graduated in 2002 from Stanford University with a PhD in economics. He has worked at the intersection of macroeconomics and finance. Recently, his research has focused on the global currency carry trade. In addition, Lustig has explored the impact of government guarantees on the pricing of tail risk borne by large financial institutions. He has been awarded the JP Morgan Award for the Best Paper on Financial Institutions and Markets in 2012 as well as the NASDAQ OMX Award for the Best Paper on Asset Pricing in 2010. Lustig is a Faculty Research Fellow at the NBER and an associate editor at the Journal of Finance. Lustig is also a founding member of the Macro Finance Society.