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Michael Gallmeyer

Consumer Bankers Association Professor; Professor of Commerce; Director, Center for Investors and Financial Markets

Michael Gallmeyer
+1 434-243-4043
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
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Professional Activities: 

Professor Gallmeyer specializes in studying how market imperfections influence security prices and trade. His current research focuses on heterogeneous beliefs, taxation, trading constraints, monetary policy, and asset management intermediation.

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 EconomicsReview of FinanceMathematical Finance; and Journal of Economic Dynamics and Control. He has also presented his research at numerous universities and academic conferences. Professor Gallmeyer holds courtesy appointments in the Department of Economics at the University of Virginia and in the Department of Finance at the University of Melbourne.

Selected Publications:

"Disagreement about Inflation and the Yield Curve," Journal of Financial Economics, 2018 (with P. Ehling, C. Heyerdahl-Larsen, and P. Illeditsch).

"Portfolio Tax Trading with Carry Over Losses," Management Science, 2018 (with P. Ehling, S. Srivastava, S. Tompaidis, and C. Yang).

"Aggregate Tail Risk, Economic Disasters, and the Cross-Section of Expected Returns," Review of Asset Pricing Studies, 2018 (with J. S. Martin).

“Taxable and Tax-Deferred Investing with the Limited Use of Losses,” Review of Finance, 2017 (with M. Fischer).

“Term Premium Dynamics and the Taylor Rule,” Quarterly Journal of Finance, 2017 (with B. Hollifield, F. Palomino, and S. Zin).

“Heuristic Portfolio Trading Rules with Capital Gain Taxes,” Journal of Financial Economics, 2016 (with M. Fischer).

“Credit Conditions and Expected Stock Returns,” Journal of Monetary Economics, 2015 (with S. Chava and H. Park).