Faculty
Deborah Lucas is the Sloan Distinguished Professor of Finance at the MIT Sloan School of Management and Director of the MIT Golub Center for Finance and Policy.
Her current research focuses on developing and applying financial economics to evaluate the costs and risks of governments’ financial activities. She is also widely published in the fields of asset pricing and corporate finance.
Lucas is a Research Associate at the National Bureau of Economic Research, a Term Professor at the PBC School of Finance at Tsinghua University and a member of the Shadow Open Market Committee. She serves on advisory boards for the Federal Reserve Bank of New York and the Urban Institute, on the editorial board of the Annual Review of Financial Economics, and as an associate editor and for the American Economic Journal Policy. She is a board member of the Chicago Mercantile Exchange, and consultant for the OECD and the Congressional Budget Office. She is an elected member of the National Academy of Public Administration and the National Academy of Social Insurance.
Previous appointments include chief economist, and subsequently assistant and associate director at the U.S. Congressional Budget Office, member of the Social Security Technical Advisory Panel, senior staff economist for U.S. Council of Economic Advisers, Professor at the Kellogg School of Management at Northwestern University and coeditor of the JMCB. An expert on federal credit programs, she has testified before the U.S. Congress on Fannie Mae and Freddie Mac, student loans, and strategically important financial institutions.
Lucas received her BA, MA, and a PhD in economics from the University of Chicago.
Lucas, Deborah J., and Jorge Jimenez Montesinos. In Economics of Infrastructure Investment, 1-33. Cambridge, MA: University of Chicago Press, Forthcoming.
Lucas, Deborah J. In Gathering Storm: The Risks of State Pension Underfunding, Cambridge, UK: Forthcoming.
Lucas, Deborah J. In Gathering Storm: The Risks of State Pension Underfunding, Cambridge, UK: Cambridge University Press, Forthcoming.
Lucas, Deborah J. In Impact of COVID-19 on Asian Economies and Policy Responses, edited by Bernard Yeung, Sumit Agarwal, and Zhiguo He, 65-69. London, UK: World Scientific Press, 2021.
Gürkaynak, Refet, and Deborah Lucas. Vox, May 14, 2020.
Lucas, Deborah J., and Daniel Smith. Journal of Investment Management Vol. 18, No. 4 (2020): 1-27.
$200,000 prize will be awarded to Dr. Fischer and a fellowship named in his honor will be awarded to an MIT Sloan MBA student; Dr. Fischer will deliver the inaugural Miriam Pozen Address at MIT.
Financial experts call for more aid to small businesses, more liquidity for banks, penalty-free access to retirement accounts — and a safe return to work.
Deborah Lucas said she would opt for temporarily leaving the weekly payment at $600, or even increasing it a bit...
The central bank could try to help Americans more directly, said Prof. Lucas: “They could print money, and ... distribute it to households."
Deborah Lucas says: "If the goal is to protect paychecks, the way we do that is through our unemployment system,”
