Lukas Schmid is Associate Professor of Finance at the Fuqua School of Business, Duke University, and a CEPR Research Fellow. His research interests are in dynamic quantitative modeling and structural estimation applied at the intersection of macroeconomics and financial economics. His most recent work was concerned with corporate and sovereign default and credit risk, as well as links between innovation, long-run growth and stock market performance. Lukas’ research has been published in outlets such as the American Economic Review, the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies and the Journal of Monetary Economics. His work on capital structure and asset returns was awarded a Smith-Breeden Award (First Prize) for the best paper in the Journal of Finance, 2010. At Fuqua, he teaches investments to MBA students and asset pricing theory to PhD students. Lukas obtained a master’s degree in mathematics from ETH Zurich and a PhD in Finance from the University of Lausanne & Swiss Finance Institute.