Carnegie Mellon University

Chester Spatt

Chester Spatt

Pamela R. and Kenneth B. Dunn Professor of Finance
Director, Center for Financial Markets


  • Former Chief Economist and Director, Office of Economic Analysis, U.S. Securities and Exchange Commission (July 2004-July 2007)

Chester Spatt's research addresses:

  • Taxation and asset allocation with an emphasis on tax-deferred investing, estate planning and how taxation of capital gains and losses impacts investor realization behavior and asset pricing
  • Economics of securities and financial market regulation
  • Pricing and hedging of fixed income securities with an emphasis on mortgage contracting and valuation
  • Equilibrium models of forward curves for commodities
  • Market microstructure including the effect of information and strategic behavior on market processes, the interaction between the order flow and order book in security markets, and the effect of the pre-opening on pricing

For an interview, email Katelyn Howard or call her at 724-994-6032.