Photo of Ram Yamarthy

Ram Yamarthy

Contact Information

Address: 2403 SH-DH, 3620 Locust Walk, Philadelphia, PA 19104
Email: yamarthy@wharton.upenn.edu

Overview

I am a 5th Year PhD Student in the Finance Department. I am interested in the connections between macroeconomic and financial market movements, using time series methods and dynamic structural models. I also have interest in policy-related issues.

Recent work focuses on the macroeconomic implications of firm-level credit market freezes. Other papers examine the effects of monetary policy on the US term structure of interest rates, as well as the quantitative impact of intermediation-related contracting frictions on asset prices.

 

RESEARCH INTERESTS:

Asset Pricing, Dynamic Corporate Finance, Applied Time Series Econometrics, Policy-related Issues

 

EDUCATION: 

The Wharton School, University of Pennsylvania (2011 - Present)

-- Ph.D. in Finance (In Progress)

-- M.A. in Finance (Completed)

 
Stern School of Business, New York University (2007 - 2011)

-- B.S. in Economics, B.A. in Mathematics (Magna Cum Laude)

 

WORKING PAPERS: 

"What are the Macroeconomic Consequences of Rollover Risks?" 

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

"Carlstrom and Fuerst meets Epstein and Zin: the Asset Pricing Implications of Contracting Frictions" (with João Gomes and Amir Yaron)

 

WORK-IN-PROGRESS: 

"Investor Sentiment and Business Cycle Co-Movements" (with Mark Clements)

 

PUBLICATIONS: 

"The Effect of Credit Shocks on Bond Yields" -- Best Paper Award, Journal of Undergraduate Research in Finance 2011

 

HONORS AND AWARDS:

Dissertation Fellowship, Macro-Financial Modeling (MFM) group at Becker Friedman Institute, University of Chicago (Fall 2015)

American Finance Association Travel Grant (Spring 2015)

Jacobs Levy Equity Management Dissertation Fellowship in Quantitative Finance (Fall 2014)

Wharton Doctoral Travel Grant (Summer: 2014, 2015)

Dean's Fellowship for Distinguished Merit (Fall 2011)

 

OTHER EXPERIENCE:

Dissertation Internship, Board of Governors of the Federal Reserve System, Washington, DC (Summer 2014) 

 

 

Research

Research

WORKING PAPERS:

"What are the Macroeconomic Implications of Rollover Risk?" (Job Market Paper)

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

"Carlstrom and Fuerst meets Epstein and Zin: the Asset Pricing Implications of Contracting Frictions" (with João Gomes and Amir Yaron)

 

WORK-IN-PROGRESS:

"Investor Sentiment and Business Cycle Co-Movements" (with Mark Clements)

 

PUBLICATONS:

"The Effect of Credit Shocks on Bond Yields" -- Best Paper Award, Journal of Undergraduate Research in Finance 2011
 

RESEARCH FELLOWSHIPS:

Mathieu Taschereau-Dumouchel (Summer 2012)
David Backus (Summer: 2009, 2010)
Thomas Sargent (Summer 2010)

Awards And Honors

  • Dissertation Fellowship, Macro-Financial Modeling (MFM) group at Becker Friedman Institute, University of Chicago, 2015
  • AFA Doctoral Travel Grant, 2015
  • Jacobs Levy Equity Management Dissertation Fellowship in Quantitative Finance, 2014
  • Mark Bertus Prize (Best Paper) -- Journal of Undergraduate Research in Finance, 2011
  • Beta Gamma Sigma, 2011
  • Univ. of Penn Dean's Fellowship for Distinguished Merit, 2011-2015

Teaching

Undergraduate / MBA:

FNCE 101 (TA) -- Monetary Economics & Gloabl Environment

FNCE 393/893 (TA) -- Global Monetary Policy & Financial Stability Policy

FNCE 206/717 (TA) -- Financial Derivatives

PhD:

FNCE 937 (TA) -- Quantitative Macro-Finance

FNCE 921 (TA) -- Empirical Methods in Finance

FNCE 924 (TA) -- Intertemporal Macro-Finance