Martijn de Vries

I am a Ph.D. candidate in Finance with a background in econometrics. I theoretically determine the implications of non-standard preferences or beliefs. In my job market paper, I contribute to the literature by showing the importance of time-varying risk preferences, explaining its implications, and performing a calibration. I show that time-varying risk preferences provide a relatively simple mechanism to explain recent findings on the shape of the equity term structure and its cyclicality.