Michael Weber

Michael Weber joined the Daniels School of Business at Purdue University in 2025 as Professor of Finance. He is also a faculty research fellow at the National Bureau of Economic Research in the Monetary Economics and Asset Pricing groups, Research Affiliate in the Monetary Economics and Fluctuations programme of CEPR, a member of the Macro Finance Society, a Research Professor at Ifo Institute and a research affiliate at the CESifo Research Network. He is also academic consultant for the Bundesbank, the Colombian Central Bank, the Federal Reserve Bank of Cleveland, the Bank of Finland, the Bank for International Settlements, and several other central banks. Previously, he was on the faculty of the University of Chicago Booth School Of Business for 11 years.

His research interests include asset pricing, macroeconomics, international finance, and household finance. He has received four National Science Foundation grants and the Humboldt Professorship, the most highly endowed research prize in Germany. His work on downside risk in currency markets and other asset classes earned the 2013 AQR Insight Award. He has published in leading economics and finance journals such as the American Economic Review, the Review of Economic Studies, Econometrica, the Journal of Political Economy, the Review of Financial Studies and the Journal of Financial Economics.

Why Monetary Policy Works Through Supply Chains, Not Just Interest Rates
Between 55% and 85% of the total effect of monetary policy on the economy is driven by production networks, says finance researcher Michael Weber.
Full story: Why Monetary Policy Works Through Supply Chains, Not Just Interest Rates
Level-Setting Investors on Investing, Inflation Expectations and Over-Optimism
Professor Michael Weber and colleagues explain how investors overestimate stock returns during inflationary periods and how financial advisors can educate them to protect purchasing power.
Full story: Level-Setting Investors on Investing, Inflation Expectations and Over-Optimism

New study shows COVID value-added tax cut significantly boosted private consumption
New research from Purdue University economist Michael Weber shows that a COVID-era value-added tax cut significantly boosted private consumption.
Full story: New study shows COVID value-added tax cut significantly boosted private consumption
What six years of inflation mean for the midterms
Purdue University economist Michael Weber explains how Americans perceive inflation ahead of the midterm elections.
Warsh says economy showing ‘impressive resilience’—most Americans disagree
Michael Weber, professor of finance at Purdue University, shares economic resilience and consumer sentiment.
Trump touts ‘Best Economy Ever.’ What the data shows
“The fairest reading is that the U.S. economy remains resilient, but the claim that this is the ‘best economy ever’ is not supported by the data,” economist Michael Weber, who is also a professor of finance at Purdue University and Berlin's European School of Management and Technology, told Newsweek.
Surcharges are suddenly everywhere — and grumpy Americans are paying up
Consumers already weary of rising inflation are now contending with a new crop of costs that are hidden in plain sight. New fees or surcharges are popping up everywhere as companies search for ways to recoup their own rising costs while blaming outside pressures.
Expecting high inflation can sometimes lead to higher inflation
Right now, consumers expect high inflation. They think, on average, inflation will be 6.5% in a year and 7.2% in five to 10 years, according to the Michigan Survey of Consumers. Daniels School finance professor Michael Weber weighs in.

Contact

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Office: KRAN 447

Michael Weber

Why Monetary Policy Works Through Supply Chains, Not Just Interest Rates

Level-Setting Investors on Investing, Inflation Expectations and Over-Optimism

New study shows COVID value-added tax cut significantly boosted private consumption

Contact