Rate My Professor Hengjie Ai

Ai's research focuses on financial economics, macroeconomics, and economic theory, particularly asset pricing, corporate finance, macroeconomic theory, monetary policy announcements, quantitative dynamic agency, and financial market frictions. His influential publications appear in premier journals, including "Identifying Preference for Early Resolution of Uncertainty from Asset Prices" (American Economic Review, 2025, with R. Bansal, H. Guo, A. Yaron), "A Quantitative Model of Dynamic Moral Hazard" (Review of Financial Studies, 2023, with D. Kiku, R. Li), "The Cross-Section of Monetary Policy Announcement Premium" (Journal of Financial Economics, 2022, with L. Han, X. Pan, L. Xu), "Asset Pricing with Endogenously Uninsurable Tail Risks" (Econometrica, 2021, with A. Bhandari), "A Unified Model of Firm Dynamics with Limited Commitment and Assortative Matching" (Journal of Finance, 2021, with D. Kiku, R. Li, J. Tong), and "Risk Preferences and the Macroeconomic Announcement Premium" (Econometrica, 2018, with R. Bansal). He has earned honors such as the SFS Finance Cavalcade best paper award in asset pricing (2017), China International Conference in Finance best paper award (2013), Midwest Finance Association Presidential address (2020), and Outstanding Teaching Award for the Master of Finance program at Minnesota (2020). Ai serves as Associate Editor for Management Science since 2023, President of the Midwest Finance Association (2021-2022), and has organized and chaired sessions at major conferences including the American Finance Association and Western Finance Association meetings.