Campbell Harvey

Campbell Harvey is a professor of finance at Duke University's Fuqua School of Business, where he has been a leading contributor to empirical finance research. His most famous work documents that yield curve inversions — when short-term interest rates rise above long-term rates — have preceded every US recession since 1968. This finding has made the yield curve shape one of the most closely watched recession indicators in financial markets. Harvey has also been a leading voice on the "factor zoo" problem — the proliferation of purported investment factors that are largely the product of data mining and are unlikely to be true return premia. His work on multiple hypothesis testing has been important for investment research methodology. He has also served as a research associate at Man Group and other investment firms.