Itay Goldstein is the Joel S. Ehrenkranz Family Professor in the Finance Department at the Wharton School of the University of Pennsylvania. He is also the coordinator of the PhD program in Finance. He holds a secondary appointment as a professor of economics at the University of Pennsylvania. He has been on the faculty of the Wharton School since 2004.
Professor Goldstein earned his PhD in economics in 2001 from Tel Aviv University. He is an expert in the areas of corporate finance, financial institutions, and financial markets, focusing on financial fragility and crises and on the feedback effects between firms and financial markets. His research has been published in top academic journals, including the American Economic Review, the Journal of Finance, the Journal of Financial Economics, the Review of Economic Studies, and the Review of Financial Studies. His research has also been featured in the popular press in the Economist, Wall Street Journal, Financial Times, Bloomberg, Forbes, National Public Radio, and others. Professor Goldstein has been the executive editor of the Review of Financial Studies since 2018. Before that, he served there as an editor for five years. He also served as an editor of the Finance Department in Management Science and an editor of the Journal of Financial Intermediation.
Professor Goldstein served as an academic advisor at the Federal Reserve Banks of New York, Philadelphia, and Richmond; the Bank of Canada; and the Committee on Capital Markets Regulation. He was the co-founder and the first president of the Finance Theory Group. He is a director of the American Finance Association and has been a director of the Western Finance Association and the Financial Intermediation Research Society. He is a frequent speaker in academic and policy forums around the world and acted as keynote speaker in leading academic conferences. He has taught various undergraduate, MBA, PhD, and executive education courses in finance and economics. Prior to joining Wharton, Professor Goldstein served on the faculty of Duke University’s Fuqua School of Business. He also worked in the research department of the Bank of Israel.