Chris Telmer is an Associate Professor of Financial Economics at Carnegie Mellon University's Tepper School of Business. His research interests include the effect of government subsidies on the financing of renewable energy assets, consumption behavior, exchange rate behavior, the effects of labor-market risk on financial markets, and intergenerational mobility. Prior to joining the Tepper School in 1993, he studied at The University of Western Ontario (BA Hons., 1986) and Queen's University at Kingston (PhD, 1992). He has been a visiting scholar in the Federal Reserve System and at universities in Canada, Chile, Japan, Spain and Sweden. He has served as an educational consultant in Japan, The Russian Federation, Spain, Ukraine and on Wall Street. In 1995 he was awarded the Undergradua...