Carlson School of Management

Frederico Belo


Associate Professor
Carlson Finance Department
3-233 CarlSMgmt

Frederico Belo is an Assistant Professor in Finance at the Carlson School of Management, University of Minnesota. He conducts both theoretical and empirical research on the intersection of finance and macroeconomics. He is a faculty research fellow at the National Bureau of Economic Research (NBER). His research is published or forthcoming in academic journals such as Journal of Political Economy, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Monetary Economics, and Review of Economic Dynamics. Belo holds a B.Sc. degree in Economics from Catholic University of Portugal, an MSc. in Finance and Economics from the London School of Economics, and a Ph.D. and MBA from the University of Chicago.

Dividend Dynamics and the Term Structure of Dividends Strips (with Bob Goldstein and Pierre Collin-Dufresne), 2013, Journal of Finance (forthcoming).

Brand Capital and Firm Value (with Maria Ana Vitorino and Xiaoji Lin), 2013, Review of Economic Dynamics, forthcoming

Government Spending, Political Cycles and the Cross Section of Stock Returns (joint with Vito Gala and Jun Li), 2013, Journal of Financial Economics, 107, 305-324.

Labor Hiring, Investment, and Stock Return Predictability in the Cross Section (with Xiaoji Lin and Santiago Bazdresch), 2013, Journal of Political Economy, forthcoming

Government Investment and the Stock Market (with Jianfeng Yu), 2013, Journal of Monetary Economics, 60(3), 325-339.

The Inventory Growth Spread (joint with Xiaoji Lin), 2012, Review of Financial Studies, 25(1), 278-313.

External Equity Financing Costs, Financial Flows, and Asset Prices (with Xiaoji Lin and Fan Yang), 2014

Labor Heterogeneity and Asset Prices: the Importance of Skilled Labor (with Xiaoji Lin), 2013.

Production-Based Measures of Risk For Asset Pricing, 2010, Journal of Monetary Economics, 57(2), 146-163.

A Supply Approach to Valuation (with Chen Xue and Lu Zhang), 2013, Review of Financial Studies, forthcoming.

National Bureau of Economic Research Fellow, 2013-present

SSRN webpage

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PhD, 2006
University of Chicago

MBA, 2006
University of Chicago

MS, 2002
Finance and Economics
London School of Economics

BS, 2000
Universidade Catolica Portuguesa


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