Benjamin Hébert

Benjamin Hébert
Associate Professor, Finance
Contact Info
BenjaminHébert
Academic Area: 
Finance

Research Statement

Benjamin Hébert’s research includes finance, macroeconomics, and contract theory. His recent projects seek to explain why debt contracts are so common, to analyze the effects of sovereign default, and to understand the information processing constraints on financial market participants.

Bio

Hébert is an associate professor of finance at Stanford Graduate School of Business. Benjamin received his PhD from Harvard University in 2015. Prior to graduate school, he worked for several years in the financial industry. He holds undergraduate degrees in physics and computer science from MIT.

Academic Degrees

  • PhD in Financial Economics, Macroeconomics, Contract Theory, Business Economics, Harvard University, 2015
  • SB in Physics, Massachusetts Institute of Technology
  • SB in Computer Science and Engineering, Massachusetts Institute of Technology

Academic Appointments

  • Associate Professor, Stanford GSB, 2020–present
  • Assistant Professor, Stanford GSB, 2016–2020
  • Faculty Research Fellow, NBER (AP, IFM), 2018–present
  • Postdoctoral Scholar, Department of Economics, Stanford University, 2015–16

Awards and Honors

  • VSFX 2019 Best Paper Award, Runner-Up
  • Excellence in Refereeing Award, American Economic Review 2018
  • Review of Economic Studies Tour, 2015
  • Finance Theory Group: Best Finance Theory Job Market Paper, Runner-Up Prize, 2015
  • AQR Top Finance Graduate Award at CBS, 2015
  • Roger Martin Doctoral Research Award, Harvard Business School. Awarded to PhD students in Business Economics who have conducted outstanding academic research, 2014
  • PhD Outstanding Paper Award, The 11th Annual Corporate Finance Conference, Olin Business School, Washington University in St. Louis, 2014
  • Visiting Graduate Student, Becker Friedman Institute, University of Chicago, 2014
  • Bradley Foundation Fellowship, 2013–15
  • Harvard University Certificate of Distinction in Teaching, Fall 2013

Publications

Journal Articles

Barney Hartman-Glaser, Benjamin Hébert. Journal of Finance. February 2020, Vol. 75, Issue 1, Pages 463-506.
Benjamin Hébert. The Review of Economic Studies. October 1, 2018, Vol. 85, Issue 4, Pages 2214-2252.
Benjamin Hébert, Jesse Schreger. American Economic Review. October 2017, Vol. 107, Issue 10, Pages 3119-3145.
CF Chabris, Benjamin Hébert, DJ Benjamin, J Beauchamo, D Cesarini, M Van der loos, M Johannesson, PK Mangnusson, P Lichtenstein, CS Atwood, J Freese, TS Hauser, RM Hauser, N Christakis, D Laibson. Psychological Science. September 24, 2012, Vol. 23, Issue 11, Pages 1314-1323.
Benjamin Hébert, Several Co-authors. Annual Review of Economics. September 2012, Vol. 4, Pages 627-662.
Andreas Fuster, Benjamin Hébert, David Laibson. International Journal of Central Banking. January 2012, Vol. 8, Issue 1, Pages 243-265.

Other Publications

Andreas Fuster, Benjamin Hébert, David Laibson. NBER Macroeconomics Annual 2011. University of Chicago Press: NBER, August 2011, Vol. 26, Pages 1-48.

Working Papers

Optimal Corporate Taxation Under Financial Frictions | PDF
Eduardo Davila, Benjamin Hébert, June 2020
Rational Inattention when Decisions Take Time | PDF
Benjamin Hébert, Michael Woodford, March 252020
Information Acquisition, Efficiency, and Non-Fundamental Volatility | PDF
Benjamin Hébert, Jennifer La'O..., February 72020
Neighborhood-Based Information Costs | PDF
Benjamin Hébert, Michael Woodford, January 312020
Are Intermediary Constraints Priced? | PDF
Wenxin Du, Benjamin Hébert, Amy Wang, June 182019
Externalities as Arbitrage | PDF
Benjamin Hébert, March 192018

Teaching

Degree Courses

2019-20

This course is an introductory PhD level course in financial economics. We begin with individual choice under uncertainty, then move on to equilibrium models, the stochastic discount factor methodology, and no-arbitrage pricing. We will also...

2018-19

This course will develop and apply the basic tools and models of corporate finance to real-world corporate decisions. This course is designed to be the second course in the standard finance sequence; that is, it is designed to be the natural...

This course is an introductory PhD level course in financial economics. We begin with individual choice under uncertainty, then move on to equilibrium models, the stochastic discount factor methodology, and no-arbitrage pricing. We will also...

School News

November 2, 2016
This fall, the Stanford Graduate School of Business welcomed six new professors — including the 2016 winner of the prestigious John Bates Clark award, Yuliy Sannikov — and 11 lecturers.