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Ram Yamarthy

Financial Economist

Federal Reserve Board of Governors (FRB)

ram (dot) s (dot) yamarthy (at)
FRB profile | SSRN | LinkedIn 

Research Interests:

Macro-Finance (Asset Pricing, Corporate Finance)

Credit Markets

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.




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:

Older Research:


Monetary Policy Risks in the Bond Markets and Macroeconomy
(with Ivan Shaliastovich)

The Asset Pricing Implications of Contracting Frictions
(with Joao Gomes & Amir Yaron)

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