Oliver Giesecke is a research fellow at the Hoover Institution at Stanford University. Giesecke works on topics related to asset pricing and public finance. His recent work examines the finances of state and local governments across the United States, including the capital structure of state governments, the book and market equity position of city governments, and the status quo and trend of public pension obligations. For his work on city governments’ finances, he was awarded the NASDAQ OMX Award for the best paper on asset pricing. His work on pension obligations was instrumental to shaping state legislation.