Luis Ceballos

Assistant Professor of Finance

Knauss School of Business

University of San Diego


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My research interests are in international finance with a focus on fixed-income markets. I obtained my Ph.D. in Finance from Penn State University and a Master's in Financial Engineering from UC Berkeley. Prior to my Ph.D., I worked as a senior economist at the central bank of Chile. 

My CV in PDF is here.


1. "International Portfolio Bond Spillovers" (with D. Romero). Economics Letters, 2022, 220, 110847.

2. "Channels of US Monetary Policy Spillover in International Bond Markets" (with E. Albagli, S. Claro and D. Romero), Journal of Financial Economics, 2019, 134(2), 447-473. 

3. "Decomposing Long-term Interest Rates: An International Comparison" (with D. Romero), Journal of Fixed Income, 2016, 26(1), 61-73.

4. "Nominal Term Structure and Term Premia: Evidence from Chile" (with A. Naudon and D. Romero), Applied Economics, 2016, 48(29), 2721-2735.

Working papers

1. "Inflation Volatility Risk and the Cross-section of Corporate Bond Returns". Submitted.

2. "Price Pressure in the Government Bond Market: Long-term Impact of Short-term Advice" (with D. Romero). Submitted.

3. "UIP: Insights from Event Studies" (with E. Albagli, S. Claro and D. Romero). R&R Journal of International Economics

4. "Smart Financing Decisions: Evidence from the Corporate Bond Market" (with A. Le and J. Vanden). Submitted.

5. "Is Political Risk Priced in the Corporate Bond Market?" (with V. Piljak and L. Swinkels). Submitted.

6. "Inflation-Risk Timing Ability among Corporate Bond Mutual Fund Managers" (with Han Xiao).

Work in progress

1. Global Greenium Channels

2. Bond Liquidity