Chris Telmer

Associate Professor, Financial Economics Carnegie Mellon University

  • Pittsburgh PA

Chris Telmer's research includes the effect of government subsidies on the financing of renewable energy assets.

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Carnegie Mellon University

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Biography

Chris Telmer is an Associate Professor of Financial Economics at Carnegie Mellon University's Tepper School of Business. His research interests include the effect of government subsidies on the financing of renewable energy assets, consumption behavior, exchange rate behavior, the effects of labor-market risk on financial markets, and intergenerational mobility. Prior to joining the Tepper School in 1993, he studied at The University of Western Ontario (BA Hons., 1986) and Queen's University at Kingston (PhD, 1992). He has been a visiting scholar in the Federal Reserve System and at universities in Canada, Chile, Japan, Spain and Sweden. He has served as an educational consultant in Japan, The Russian Federation, Spain, Ukraine and on Wall Street. In 1995 he was awarded the Undergraduate Teaching Award, and in 2001 he was awarded the George Leland Bach Award for MBA Teaching, both at the Tepper School of Business. He grew up in the Toronto area and remains an avid supporter of the Maple Leafs.

Areas of Expertise

Finance
Macroeconomics (incl. Monetary and Fiscal Theory)
International Economics and International Finance
Renewable Power and Energy Systems Engineering (excl. Solar Cells)

Media Appearances

Solar+storage can outcompete “mid-merit” gas units, not just peakers

PV Magazine  online

2019-04-22

“A key aspect of the analysis is novel,” said Carnegie Mellon University (CMU) finance professor Chris Telmer, who together with CMU professor Jay Apt supervised the seven Carnegie Mellon MBA students who conducted the analysis. “The students got data on what hundreds of mid-merit NGCC plants are doing and then specified solar+storage assets in order to replicate the NGCC ‘jobs being done.’”

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Social

Industry Expertise

Employment Services
Energy
Education/Learning
Financial Services

Accomplishments

George Leland Bach Award for MBA Teaching

2001

Undergraduate Teaching Award

1995

Education

Queen's University

Ph.D.

Economics

1991

Queen's University

M.A.

Economics

1989

University of Western Ontario

B.A.

Economics

1986

Articles

Microeconomic sources of real exchange rate variation

Review of Economic Dynamics

2020

We provide a series of variance decompositions based on a panel data set of international goods prices. The panel spans 301 goods and services across 123 cities from 78 countries over the years 1990-2015. We analyze good-by-good deviations from the Law of One Price (LOP) for all bilateral city pairs and time periods. Our main finding is that variation within the LOP distribution is large relative to how the distribution itself moves over time.

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The informational content of surnames, the evolution of intergenerational mobility, and assortative mating

The Review of Economic Studies

2015

We propose a new methodology for measuring intergenerational mobility in economic well-being. Our method is based on the joint distribution of surnames and economic outcomes. It circumvents the need for intergenerational panel data, a long-standing stumbling block for understanding mobility.

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