Fernando Alvarez is the William C. Norby Professor in Economics at the University of Chicago. Prior to joining Chicago in 1996, he was a faculty member at The Wharton School, University of Pennsylvania. He received his Ph.D. from the University of Minnesota in 1994 and his B.A. from the Universidad Nacional de La Plata (Argentina) in 1989. He is a Fellow of the Econometric Society, and a previous Co-Editor of the Journal of Political Economy. He has been the recipient of several National Science Foundation grants, as well as an Alfred P. Sloan research fellowship.