Natalia Kovrijnykh is an Associate Professor of Economics at the W. P. Carey School of Business. She holds bachelor's degree in Mathematics and master’s degrees in Applied Mathematics and Computer Science from Novosibirsk State University, Russia, a master’s degree in Economics from CERGE, Czech Republic, and a Ph.D. in Economics from the University of Chicago. She works in fields of contract theory, macroeconomics, and financial economics. Her research is focused on contracts under various commitment and informational frictions in applications such as consumer, corporate, and sovereign lending, credit rating, and asset management. Her work has been published in leading academic journals, including American Economic Review, Journal of Political Economy, Review of Financial Studies, Journal of Financial Economics, and Journal of Economic Theory.
Education
PhD in Economics, University of Chicago 2008
MA in Economics, CERGE-EI, Prague, Czech Republic 2001
MSc in Applied Mathematics and Computer Science, Novosibirsk State University, Russia 1998
BSc in Mathematics, Novosibirsk State University, Russia 1996
"Equilibrium Default Cycles," 2007, joint with Balázs Szentes, Journal of Political Economy, Vol. 115, No. 3 (June): 403-446.
"Debt Contracts with Partial Commitment," 2013, American Economic Review, Vol. 103, No. 7 (December): 2848-2874
“Who Should Pay for Credit Ratings and How?” 2016, with Anil Kashyap, Review of Financial Studies, Vol. 29 (February): 420−456
“Delegated Information Acquisition with Moral Hazard,” 2016, with Hector Chade, Journal of Economic Theory, Vol. 162 (March): 55−92
“Screening as a Unified Theory of Delinquency, Renegotiation, and Bankruptcy,” 2017, with Igor Livshits, International Economic Review, Vol. 58 (May): 499−527
“The Benchmark Inclusion Subsidy,” 2021, with Anil Kashyap, Jian Li, and Anna Pavlova, Journal of Financial Economics, Vol. 142 (November): 756-774
"Is There Too Much Benchmarking in Asset Management?" 2023, with Anil Kashyap, Jian Li, and Anna Pavlova, American Economic Review, Vol. 113 (April): 1112−1141
