Francisco Gomes
Professor of Finance; Chair, Finance Faculty
BA (Universidade Nova de Lisboa) MA PhD (Harvard)
Professor Francisco Gomes’ areas of expertise include capital markets, asset allocation, household finance, and macroeconomics. His research has been published in leading journals, such as The Journal of Finance, The Review of Financial Studies, the Journal of Financial Economics and The American Economic Review. He has given numerous seminars worldwide and he has been covered by The Financial Times, BBC and Bloomberg, among others.
Professor Gomes joined London Business School, in 2000, as an Assistant Professor of Finance – following receipt of his PhD from Harvard University. After earning his BA from the New University of Lisbon (Universidade Nova de Lisboa), he worked at the Bank of Portugal in its research department.
Professor Gomes is a Research Affiliate of the Centre for Economic Policy Research and one of the founding members of the CEPR Network on Household Finance.
- Personal website
- fgomes@london.edu
- +44 (0)20 7000 8215
- Francisco Gomes CV
- Capital markets
- Asset allocation
- Household finance
- Macroeconomics
2023
Do Robots Increase Wealth Dispersion?
Gomes F; Jansson T; Karabulut Y
Review of Financial Studies 2023 Vol 37:1 p 119-160
2022
Tactical target date funds
Gomes F; Michaelides A; Zhang Y
Management Science 2022 Vol 68:4 p 3047-3070
2021
Household finance: a survey
Gomes F; Haliassos M; Ramadorai T
Journal of Economic Literature 2021 Vol 59:3 p 919-1000
On optimal allocations of target-date funds
Gabudean R; Gomes F; Michaelides A; Zhang Y
The Journal of Retirement 2021 Fall Vol 9:2 p 58-79
2020
Portfolio choice over the life-cycle: a survey
Gomes F
Annual Review of Financial Economics 2020 Vol 12 p 277-304
2015
Life-cycle portfolio choice with liquid and illiquid assets
Campanale C; Fugazza C; Gomes F
Journal of Monetary Economics 2015 Vol 71 p 67-83
2013
Fiscal policy and asset prices with incomplete markets
Gomes F J; Michaelides A; Polkovnichenko V
Review of Financial Studies 2013 Vol 26:2 p 531-556
2012
Longevity risk, retirement savings, and financial innovation
Cocco J F; Gomes G
Journal of Financial Economics 2012 Vol 103:3 p 507-529
The excess burden of government indecision
Gomes F; Kotlikoff L J; Viceira L M V
Gomes F; Kotlikoff L J; Viceira L M V: The excess burden of government indecision: In Browen J eds., Tax Policy and Economy, 2012
2009
Lending relationships in the interbank market
Cocco J F; Gomes F J; Martins N C
Journal of Financial Intermediation 2009 January Vol 18:1 p 24-48
Optimal savings with taxable and tax-deferred accounts
Gomes F; Michaelides A; Polkovnichenko V
Review of Economic Dynamics 2009 Vol 12:4 p 718-735
2008
Asset pricing with limited risk sharing and heterogeneous agents
Gomes F; Michaelides A
Review of Financial Studies 2008 Vol 21:1 p 415-448
Optimal life-cycle investing with flexible labor supply: A welfare analysis of life-cycle funds
Gomes F; Kotlikoff L J; Viceira L M
American Economic Review 2008 Vol 98:2 p 297-303
2007
Exploiting short-run predictability
Gomes F
Journal of Banking and Finance 2007 Vol 31:5 p 1427-1440
2006
Discussion of 'Equity premia with benchmark levels of consumption: closed-form results' by Andrew Abel
Gomes F
in Handbook of investments: equity risk premium by Mehra R, 2006
2005
Consumption and portfolio choice over the life cycle
Gomes F; Cocco J; Maenhout P
Review of Financial Studies 2005 Summer Vol 18:2 p 491-533
Optimal life-cycle asset allocation: understanding the empirical evidence
Gomes F; Michaleides A
Journal of Finance 2005 Apr Vol 60:2 p 869-904
Portfolio choice and trading volume with loss-averse investors
Gomes F
Journal of Business 2005 Mar Vol 78:2 p 675-706
2003
Portfolio choice with internal habit formation: a life-cycle model with uninsurable labor income risk
Gomes F; Michaelides A
Review of Economic Dynamics 2003 Oct Vol 6:4 p 729-766
2001
Investing retirement wealth: a life-cycle model
Cocco J; Gomes F; et al.
in Campbell J Y and Feldstein M eds., Risk aspects of social security reform, University of Chicago Press, 2001
Stock market mean reversion and the optimal equity allocation of a long lived investor
Campbell J Y; Gomes F; Cocco J; et al.
European Finance Review 2001 Vol 5:3 p 269-292
2020
Crowded ratings: clientele effects in the corporate bond market
Gomes F; Lewis R; Nickerson J
Social Sciences Research Network
2019
Evidence on expectations of household finances
Cocco J; Gomes F; Lopes P
Social Sciences Research Network
2017
Evidence on the links between household finances, expectations and emotional well being
Cocco J; Gomesz F; Lopes P
Working Paper
Teaching portfolio
Our teaching offering is updated annually. Faculty and programme material are subject to change.
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Masters Degrees core courses
A key part of our Masters programmes curriculum.
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Corporate Finance
Analyse the two key goals of the financial function: to invest wisely and to finance a company effectively. Examine the investment decisions companies make and financial market decisions such as capital structure. -
Financial Economics I/Asset Pricing
Financial Economics I/Asset Pricing
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Corporate Finance
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Masters Degrees electives
Optional courses providing a deep dive into specialist areas.
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Finance II
Together with the Finance Core Course, a two-course sequence covering corporate finance and investments. While not a core course, CFCM covers key areas of finance with which all graduates should be familiar. PROGRAMMES WITH THIS ELECTIVE
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Python for Finance
Students will learn Python coding and will apply the skills in a variety of financial problems, such as devising and evaluating trading strategies, portfolio construction, and risk assessment, among others. Students are expected to have basic level of coding experience in any other language and a good technical background (namely should be familiar with linear regression and basic linear algebra). PROGRAMMES WITH THIS ELECTIVE
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Finance II