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Murray Edwards College
University of Cambridge
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    Dr Theofanis Papamichalis

    Murray Edwards College
    Murray Edwards College
    Huntingdon Road
    CB3 0DF

    Greta Burkill Fellow in Economics; Director of Studies




    • DPhil in Finance, University of Oxford
    • MFin in Finance, Massachusetts Institute of Technology
    • MASt in Mathematics, University of Cambridge
    • MEng in Electrical and Electronic Engineering, Imperial College London

    Awards & Prizes    

    • 2021-22 Said Foundation “Best Finance Paper”, Jan. 2023
    • Said Business School PhD Scholarship: University of Oxford 2016 - 2021

    Research Interests

    My research interests centre around macro-finance, theoretical and empirical asset pricing and general equilibrium, with current work focusing on topics such as the implications of market structure on asset returns and the impact of belief disagreement and default on the macroeconomy.


    Fanis joined Murray Edwards as a Fellow and Lecturer in 2023. He is currently an assistant teaching professor in Economics, with prior qualifications in Finance (DPhil and MFin) and Mathematics (Part III) from Oxford, MIT and Cambridge, respectively. His academic interests lie at the intersection of finance and macroeconomics. He also enjoys teaching undergraduate and postgraduate courses related to those areas. Furthermore, he acts as personal tutor for undergraduate students.


    Working Papers

    • “Heterogeneous Beliefs, Risk Amplification, and Asset Returns” (with Seung Joo Lee and Goutham Gopalakrishna), SSRN WP
    • “Divided Government, Real Growth and Stock Returns” (with Dean Ryu and Mungo Wilson), Said Business School WP
    • “The 'Matthew Effect' in Asset Returns: Winners and Losers from Entry”, SSRN WP