
Gary B. Gorton is The Frederick Frank Class of 1954 Professor of Finance at the Yale School of Management, which he joined in August 2008. Prior to joining Yale, he was the Robert Morris Professor of Banking and Finance at The Wharton School of the University of Pennsylvania, where he taught from 1983 to 2008. Dr. Gorton has done research in many areas of finance and economics, including both theoretical and empirical work. He is the author of Slapped by the Invisible Hand: The Panic of 2007 (Oxford University Press) and Misunderstanding Financial Crises (Oxford University Press).
Dr. Gorton has consulted for the U.S. Board of Governors of the Federal Reserve System, various U.S. Federal Reserve Banks, the Bank of England, the Bank of Japan, and the Central Bank of Turkey. He was a consultant to AIG Financial Products from 1996 to 2008.
Dr. Gorton received his doctorate in economics from the University of Rochester. In the field of economics, he received master's degrees at the University of Rochester and Cleveland State University, and also received a master's degree in Chinese Studies from the University of Michigan.
Expertise
Education
- PhD, University of Rochester, 1983
- MA, University of Rochester, 1980
- MA, Cleveland State University, 1977
- MA, University of Michigan, 1974
- BA, Oberlin College, 1973
Courses
- Capital Markets MGT 947
Selected Articles
Investor Interest and the Returns to Commodity Investing
Fooling some of the people all of the time: the inefficient performance and persistence of Commodity Trading Advisors
Securitized Banking and the Run on Repo
Regulating the Shadow Banking System
Agency-Based Asset Pricing
Selected Books
Working Papers
Consultancies
- Research Associate, National Bureau of Economic Research, since March 1990
- Member, New York Federal Reserve Bank Financial Advisory Roundtable, since January 2009