NBER profile: Efraim Benmelech.

Efraim Benmelech is a Faculty Research Fellow in the NBER's Programs on Corporate Finance and Development of the American Economy. He is also an associate professor of economics at Harvard University.

Benmelech received a B.A. in economics and an M.B.A. from the Hebrew University at Jerusalem, and a Ph.D. in financial economics from the University of Chicago's Graduate School of Business. He joined Harvard's faculty when he graduated from the University of Chicago in 2005.

Benmelech's research is mainly in the field of corporate finance, focusing on bankruptcy, financial contracts, and the real effects of financial distress. He also studies the economics of terrorism. Currently...