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Ram Yamarthy
Financial Economist
Federal Reserve Board of Governors (FRB)
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ram (dot) s (dot) yamarthy (at) gmail.com
FRB profile | SSRN | LinkedIn
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Research Interests:
Macro-Finance (Asset Pricing, Corporate Finance)
Credit Markets
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I am a Senior Economist at the Federal Reserve Board of Governors, within the Research & Statistics division. I received my PhD in Finance from the Wharton School, University of Pennsylvania, in 2017.
Prior to my current role, I was an associate at AQR Capital Management and a Research Economist at the Office of Financial Research.
Disclaimer: the views expressed here only reflect my own, and not necessarily those of the Board of Governors or the Federal Reserve System.
Publications:
Credit Risk and the Transmission of Interest Rate Shocks
(with Berardino Palazzo)
Journal of Monetary Economics, September 2022
The Price of Property Rights: Institutions, Finance and Growth
(with Ron Alquist & Ben Chabot)
Journal of International Economics, July 2022
Working Papers:
Good Inflation, Bad Inflation, and the Dynamics of Credit Risk
(with Diego Bonelli & Berardino Palazzo)
Revise and Resubmit, Management Science
Sovereign Credit Risk, Monetary Policy, and the Role of Financial Intermediaries
(with Johannes Poeschl & Ivan Shaliastovich)
Aggregate Risk in the Term Structure of Corporate Credit
(with Johannes Poeschl)
Hedge Funds and US Treasury Price Impact: Evidence from Direct Exposures
(with Ron Alquist)
Select Work-in-Progress:
Multimarket Contact and the Cost of Trading Corporate Bonds
(with Marco Grotteria, Andreas Rapp, & Ruslan Sverchkov)
Corporate Bond Illiquidity, U.S. Monetary Policy, and Dealer Balance Sheets
(with Diego Bonelli & Jonathan Goldberg)
publications
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