Overview
Nuno Clara is an Associate Professor in the Finance area. He received his PhD in Finance from London Business School.
Nuno's research is in the areas of Asset Pricing, Micro data for Macro Models and Household Finance. Prior to his the PhD, Nuno worked in private equity focused on distress and growth/mezzanine investments, as well as in economic consulting.
Current Appointments & Affiliations
Associate Professor of Business Administration
·
2025 - Present
Fuqua School of Business
Recent Publications
When Discounted Rates End: The Costs of Taking Action in the Mortgage Market
Journal Article The Review of Financial Studies · December 4, 2025 AbstractWe combine administrative data with a life cycle structural model that exploits the unique features of the U.K. mortgage market to analyze the sources of inaction and to estimate borrowers’ nonpec ... Full text CiteBorrow now, pay even later: A quantitative analysis of student debt payment plans
Journal Article Journal of Financial Economics · September 1, 2024 In the U.S., student debt is currently the second largest component of consumer debt. Households are required to repay these loans early in their lifecycle, when marginal utility is particularly high. We study alternative contracts that offer partial or fu ... Full text CiteStructuring Mortgages for Macroeconomic Stability
Journal Article Journal of Finance · October 1, 2021 We study mortgage design features aimed at stabilizing the macroeconomy. We model overlapping generations of borrowers and an infinitely lived risk-averse representative lender. Mortgages are priced using an equilibrium pricing kernel derived from the lend ... Full text CiteEducation, Training & Certifications
London Business School (United Kingdom) ·
2020
Ph.D.