百晓学者学者目录

Robert C. Merton

Massachusetts Institute of Technology

Biography

Robert C. Merton 是麻省理工学院（Massachusetts Institute of Technology）教授，研究领域为经济学、计量经济学与金融学。他公开确认的代表成果包括《Trust, Transparency, and Complexity》《Continuous-Time Finance》《The Derivatives Sourcebook》《Transparency, Risk Management and International Financial Fragility》等。

Selected Publications

Journal Articles

  1. Richard T. Thakor, Robert C. Merton (2024). Trust in Lending. The Review of Economics and Statistics.DOI
  2. Richard T. Thakor, Robert C. Merton (2023). Trust, Transparency, and Complexity. Review Of Financial Studies, Vol. 360, No. 8.DOI
  3. Robert C. Merton, Richard T. Thakor (2022). No-fault default, chapter 11 bankruptcy, and financial institutions. Journal Of Banking & Finance, Vol. 140.DOI
  4. Wei Dai, Robert C. Merton, Rizova Savina (2021). On the Valuation of Performance Fees and Their Impact on Asset Managers’ Incentives. The Journal of Alternative Investments.DOI
  5. Robert C. Merton, Francisco Venegas-Martı́nez (2020). Tendencias y perspectivas de la ciencia financiera: Un artículo de revisión. Revista Mexicana de Economía y Finanzas.DOI
  6. Robert C. Merton, Richard T. Thakor (2019). Customers and investors: A framework for understanding the evolution of financial institutions. Journal Of Financial Intermediation, Vol. 39.DOI
  7. Deborah Lucas, Thomas Davidoff, Doug Criscitello, Robert C. Merton, D. Moore, Mark Warshawsky (2018). Hacking Reverse Mortgages.
  8. R. Thakor, Robert C. Merton (2018). Trust in Lending. Review of Economics and Statistics.DOI
  9. Mark P. Kritzman, Robert C. Merton (2018). An Interview with Nobel Laureate Robert C. Merton. Financial Analysts Journal.DOI
  10. Robert C. Merton, Rose Neng Lai (2016). On an Efficient Design of Reverse Mortgages: A Possible Solution for Aging Asian Populations.DOI
  11. Martin L. Leibowitz, Andrew W. Lo, Robert C. Merton, Stephen A. Ross, Jeremy J. Siegel (2016). Q Group Panel Discussion: Looking to the Future. Financial Analysts Journal.DOI
  12. Robert C. Merton (2014). Superannuation: make income the outcome.DOI
  13. Robert C. Merton (2014). ADB's Distinguished Speakers Program Measuring the Connectedness of the Financial System: Implications for Risk Management. Asian Development Review.DOI
  14. Amir E. Khandani, Andrew W. Lo, Robert C. Merton (2013). Systemic risk and the refinancing ratchet effect. Journal Of Financial Economics, Vol. 1080, No. 1.DOI
  15. Robert C. Merton (2013). Innovation risk: How to make smarter decisions. Harvard Business Review, Vol. 91, No. 4.
  16. Robert C. Merton, Monica Billio, Mila Getmansky, Dale Gray, Andrew W. Lo, Loriana Pelizzon (2013). On a New Approach for Analyzing and Managing Macrofinancial Risks. Financial Analysts Journal, Vol. 690, No. 20.DOI
  17. Zoe Tsesmelidakis, Robert C. Merton (2012). The Value of Implicit Guarantees.DOI
  18. Andrew W. Lo, Robert C. Merton (2009). Preface to the Annual Review of Financial Economics. Annual Review of Financial Economics.DOI
  19. M. Balling, Ernest Gnan, P. Haiss, B. Sammer, Martin Gartner, Otto Loistl, Stephan Zellner, C. Zinner, Robert C. Merton, Krzysztof Rybiński, Christine Zinner (2008). Asset Management in Volatile Markets.
  20. Dale F. Gray, Robert C. Merton, Z. Bodie (2007). New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability.DOI
  21. Robert C. Merton (2007). Applying Modern Risk Management to Equity and Credit Analysis.DOI
  22. Li Jin, Robert C. Merton, Zvi Bodie (2006). Do a firm's equity returns reflect the risk of its pension plan? Journal Of Financial Economics, Vol. 810, No. 1.DOI
  23. Z. Bodie, Dale F. Gray, Robert C. Merton (2006). A New Framework for Analyzing and Managing Macrofinancial Risks of an Economy.DOI
  24. Terence M. Lim, Andrew W. Lo, Robert C. Merton, Myron S. Scholes (2006). The Derivatives Sourcebook.DOI
  25. Robert C. Merton, Z. Bodie (2005). DESIGN OF FINANCIAL SYSTEMS: TOWARDS A SYNTHESIS OF FUNCTION AND STRUCTURE.DOI
  26. Mario Draghi, F. Giavazzi, Robert C. Merton (2003). Transparency, Risk Management and International Financial Fragility.DOI
  27. Z. Bodie, Robert C. Merton (2001). International Pension Swaps.DOI
  28. Robert C. Merton (1995). Financial Innovation and the Management and Regulation of Financial Institutions. National Bureau of Economic Research.DOI
  29. D. Madan, Haluk Unal, Peter Carr, J. Detemple, Jing-Su Duan, Darrell Duffie, Robert D. Elliott, Vihang Errunza, H. Geman, S. Heston, John Hull, R. Jarrow, Peter Kyle, Bruce N. Lehmann, Vojislav Maksimovic, Terry A. Marsh, Robert C. Merton, John Osborn, Ehud Ronn, Stylianos Perrakis, Kenneth J. Singleton, Suresh M. Sundaresan, Tong-Sheng Sun, Ton Vorst, Alan G. White (1994). Financial Institutions Center Pricing the Risks of Default.
  30. Robert C. Merton (1992). Continuous-Time Finance. Wiley-Blackwell.
  31. Z. Bodie, Robert C. Merton, William F. Samuelson (1992). Labor Supply Flexibility and Portfolio Choice in a Life-Cycle Model.DOI
  32. Robert C. Merton, Z. Bodie (1992). On the Management of Financial Guarantees.DOI
  33. Robert C. Merton (1987). In Honor of Nobel Laureate, Franco Modigliani. The Journal of Economic Perspectives.DOI
  34. Robert C. Merton (1987). A Simple Model of Capital Market Equilibrium with Incomplete Information. The Journal of Finance.DOI
  35. Z. Bodie, Alan J. Marcus, Robert C. Merton (1985). Defined Benefit Versus Defined Contribution Pension Plans: What are the Real Tradeoffs?DOI
  36. Robert C. Merton, Z. Bodie, Alan J. Marcus (1984). Pension Plan Integration as Insurance Against Social Security Risk.DOI
  37. Stanley L. Fischer, Robert C. Merton (1984). Macroeconomics and finance: The role of the stock market. Carnegie-Rochester Conference Series on Public Policy.DOI
  38. Z. Bodie, J. Shoven, Robert C. Merton (1983). Public Pension Plans.
  39. Robert C. Merton (1982). On Consumption-Indexed Public Pension Plans. National Bureau of Economic Research.DOI
  40. Robert C. Merton (1981). On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital Is Not Tradeable. National Bureau of Economic Research.DOI
  41. Robert C. Merton (1980). On estimating the expected return on the market. Journal of Financial Economics.DOI
  42. Robert C. Merton, Michael John Brennan, Eduardo S. Schwartz (1977). THE VALUATION OF AMERICAN PUT OPTIONS. The Journal of Finance.DOI
  43. Robert C. Merton (1976). THE IMPACT ON OPTION PRICING OF SPECIFICATION ERROR IN THE UNDERLYING STOCK PRICE RETURNS. The Journal of Finance.DOI
  44. Robert C. Merton (1975). An Asymptotic Theory of Growth Under Uncertainty. The Review of Economic Studies.DOI
  45. Robert C. Merton (1975). Option pricing when underlying stock returns are discontinuous.
  46. Robert C. Merton (1974). ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*. The Journal of Finance.DOI
  47. Robert C. Merton, Paul Anthony Samuelson (1974). Fallacy of the log-normal approximation to optimal portfolio decision-making over many periods. Journal of Financial Economics.DOI
  48. Robert C. Merton (1973). THE RELATIONSHIP BETWEEN PUT AND CALL OPTION PRICES: COMMENT. The Journal of Finance.DOI
  49. Robert C. Merton (1971). Optimum consumption and portfolio rules in a continuous-time model. Journal of Economic Theory.DOI
  50. Robert C. Merton (1969). A GOLDEN GOLDEN‐RULE FOR WELFARE‐MAXIMIZATION IN AN ECONOMY WITH A VARYING POPULATION GROWTH RATE. Economic Inquiry.DOI

Preprints

  1. Wei Dai, Xing Hong, Robert C. Merton, Mathieu Pellerin (2024). Forecasting and Managing Volatility: An S&P 500 Case Study. SSRN Electronic Journal.DOI
  2. Robert C. Merton (2020). Designing the Best Solution for Retirement. SSRN Electronic Journal.
  3. Arun S. Muralidhar, Robert C. Merton, Alexandre Vitorino (2020). SeLFIES Can Help Brazil Create a SUPER Supplementary Pension. SSRN Electronic Journal.DOI
  4. Robert C. Merton, Arun S. Muralidhar (2020). SeLFIES: A New Pension Bond and Currency for Retirement. SSRN Electronic Journal.DOI
  5. Arun S. Muralidhar, Robert C. Merton, Paula Hogan (2020). SeLFIES: A-New(-ity) Look for Retirement. SSRN Electronic Journal.DOI
  6. Robert C. Merton, Arun S. Muralidhar (2017). Selfies Can Improve the Nation's Retirement Security. SSRN Electronic Journal.
  7. Robert C. Merton, Arun S. Muralidhar (2017). Time for Retirement ‘SeLFIES’? SSRN Electronic Journal.
  8. Monica Billio, Mila Getmansky Sherman, Dale F. Gray, Andrew W. Lo, Robert C. Merton, Loriana Pelizzon (2012). Sovereign, Bank and Insurance Credit Spreads: Connectedness and System Networks. SSRN Electronic Journal.DOI
  9. Bernhard Sammer, Peter R. Haiss, Martin Gartner, Otto Loistl, Stephan Zellner, Robert C. Merton, Krzysztof I. Rybinski, Urszula Sowa (2010). The Impact of Derivative Markets on Asset Management and the Economy. SSRN Electronic Journal.
  10. Edward J. Kane, Paul Anthony Samuelson, Robert C. Merton (2001). Speeches by Nobel Laureates. SSRN Electronic Journal.
  11. Robert C. Merton, Zvi Bodie (1995). A Conceptual Framework for Analyzing the Financial Environment. SSRN Electronic Journal.
  12. Robert C. Merton, Zvi Bodie (1995). Financial Infrastructure and Public Policy: A Functional Perspective. SSRN Electronic Journal.
  13. Zvi Bodie, Robert C. Merton (1995). The Informational Role of Asset Prices: The Case of Implied Volatility. SSRN Electronic Journal.
  14. Zvi Bodie, Robert C. Merton (1993). Pension Benefit Guarantees in the United States: A Functional Analysis. SSRN Electronic Journal.

Book Chapters

  1. Robert C. Merton (2019). On the Pricing of Corporate Debt: The Risk Structure of Interest Rates. WORLD SCIENTIFIC eBooks.DOI
  2. Dale F. Gray, Robert C. Merton, Zvi Bodie (2019). Contingent Claims Approach to Measuring and Managing Sovereign Credit Risk. WORLD SCIENTIFIC eBooks.DOI
  3. Scott P. Mason, Robert C. Merton (2019). The Role of Contingent Claims Analysis in Corporate Finance. WORLD SCIENTIFIC eBooks.DOI
  4. Robert C. Merton (2019). On the Pricing of Contingent Claims and the Modigliani–Miller Theorem. WORLD SCIENTIFIC eBooks.DOI
  5. Dale F. Gray, Robert C. Merton, Zvi Bodie (2019). A Contingent Claims Analysis of the Subprime Credit Crisis of 2007–2008. WORLD SCIENTIFIC eBooks.DOI
  6. Robert C. Merton (2019). An Analytic Derivation of the Cost of Deposit Insurance and Loan Guarantees: An Application of Modern Option Pricing Theory. WORLD SCIENTIFIC eBooks.DOI
  7. Dale F. Gray, Robert C. Merton, Zvi Bodie (2019). Measuring and Managing Macrofinancial Risk and Financial Stability: A New Framework. WORLD SCIENTIFIC eBooks.DOI
  8. Robert C. Merton, Arun S. Muralidhar, Rui Seybert P Ferreira (2019). SeLFIES for Portugal: An Innovative Pan European Retirement Solution. Financial and monetary policy studies.DOI
  9. Robert C. Merton (2005). Theory of rational option pricing. WORLD SCIENTIFIC eBooks.DOI
  10. Robert C. Merton (1982). Chapter 13 On the microeconomic theory of investment under uncertainty. Handbook of mathematical economics.DOI
  11. Robert C. Merton (1973). Theory of Rational Option Pricing. WORLD SCIENTIFIC eBooks.DOI

Books

  1. Zvi Bodie, Robert C. Merton, Richard T. Thakor (2025). Principles of Finance. Cambridge University Press eBooks.DOI
  2. Robert C. Merton, Zvi Bodie, Alan J. Marcus. Issues in Pension Economics. RePEc: Research Papers in Economics.

Research Interests

EconomicsEconometricsFinance

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