Michael Gallmeyer
Associate Professor of Commerce
Office phone: 434-243-4043
e-mail: mgallmeyer@virginia.edu
Education:
Ph.D., Finance, The Wharton School, University of Pennsylvania
M.A., Finance, The Wharton School, University of Pennsylvania
B.S., Applied Mathematics and Industrial Management, Carnegie Mellon University
Areas of Expertise:
Professor Gallmeyer specializes in studying how market imperfections influence security prices and trade. His current research focuses on taxation, trading constraints, liquidity, and monetary policy.
Professional Activities:
Before joining the McIntire faculty, Professor Gallmeyer was on the faculty at the Mays Business School at Texas A&M University and the Tepper School of Business at Carnegie Mellon University. He has published in leading academic journals such as Journal of Financial Economics; Journal of Monetary Economics; Review of Finance; Mathematical Finance; and Journal of Economic Dynamics and Control. He has also presented his research at numerous universities and conferences. Professor Gallmeyer serves as an associate editor for Mathematics and Financial Economics.
Selected Publications:
“CEO Optimism and Forced Turnover,” Journal of Financial Economics, forthcoming (with C. Campbell, S. Johnson, J. Rutherford, and B. Stanley).
“No Arbitrage and the Tax Code,” Mathematics and Financial Economics, 2011 (with S. Srivastava).
“An Examination of Heterogeneous Beliefs with a Short Sale Constraint in a Dynamic Economy,” Review of Finance, 2008 (with B. Hollifield).
“Arbitrage-Free Bond Pricing with Dynamic Macroeconomic Models,” Federal Reserve Bank of St. Louis Review, July/August 2007 (with B. Hollifield, F. Palomino, and S. Zin).
“Tax Management Strategies with Multiple Risky Assets,” Journal of Financial Economics, May 2006 (with R. Kaniel and S. Tompaidis).
“Taylor Rules, McCallum Rules, and the Term Structure of Interest Rates,” Journal of Monetary Economics, July 2005 (with B. Hollifield and S. Zin).
“The Equilibrium Allocation of Diffusive and Jump Risks with Heterogeneous Agents,” Journal of Economic Dynamics and Control, September 2005 (with S. Dieckmann).
“Capital Market Equilibrium with Differential Taxation,” European Finance Review (now titled Review of Finance), 2003 (with S. Basak).
Working Papers:
“Inflation Beliefs and the Term Structure of Interest Rates” (with P. Ehling, C. Heyerdahl-Larsen, and P. Illeditsch).
“Term Premium Dynamics and the Taylor Rule” (with B. Hollifield, F. Palomino, and S. Zin).
“Portfolio Choice Implications of the Limited Use of Capital Losses” (with P. Ehling, S. Srivastava, and S. Tompaidis).
“Demand Discovery and Asset Pricing” (with B. Hollifield and D. Seppi).