Lukas Schmid is Professor of Finance and Business Economics at the Marshall School of Business, University of Southern California, and a CEPR Research Fellow. Before joining Marshall, Lukas spent a decade at the Fuqua School of Business at Duke University. He currently serves as a Finance Editor at Management Science, and an Associate Editor at the Journal of Finance. Lukas' research interests are in dynamic quantitative modeling and structural estimation applied in macroeconomics and finance.