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Photo of Missaka Warusawitharana

Missaka Warusawitharana

Group Manager

Flow of Funds Section

Research and Statistics

202-452-3461
missaka.n.warusawitharana@frb.gov
Education
  • Ph.D., Finance, Wharton School, University of Pennsylvania, 2006
  • Current Research Topics

  • Structural corporate finance
  • Financial econometrics
    • Group Manager, Flow of Funds

      Board of Governors of the Federal Reserve System

    • 2015 - present
    • Economist, Senior Economist and Principal Economist, Flow of Funds

      Board of Governors of the Federal Reserve System

    • 2006 - 2015
    • Senior Economist, Household and Business Spending

      Board of Governors of the Federal Reserve System

    • 2014 - 2015
    • Economist, Office of Financial Stability Policy and Research

      Board of Governors of the Federal Reserve System

    • 2011
    • Adjunct Assistant Professor

      Johns Hopkins University, School of Advanced International Studies

    • 2015 - present
    • Adjunct Assistant Professor

      Georgetown University, Economics Department

    • 2015
    • Adjunct Assistant Professor

      Johns Hopkins University, Economics Department

    • 2013
  • Warusawitharana, Missaka (2016). "Time-varying Volatility and the Power Law Distribution of Stock Returns," Finance and Economics Discussion Series 2016-022. Washington: Board of Governors of the Federal Reserve System.
  • Warusawitharana, Missaka, and Toni M. Whited (2016). "Equity Market Misvaluation, Financing, and Investment," Review of Financial Studies, vol. 29, no. 3, pp. 603-654.
  • Warusawitharana, Missaka (2015). "Research and Development, Profits and Firm Value: A Structural Estimation" Quantitative Economics, vol. 6, no. 2, pp. 531-565.
  • Wachter, Jessica A., and Missaka Warusawitharana (2015). "What Is the Chance That the Equity Premium Varies over Time? Evidence from Regressions on the Dividend-Price Ratio," Journal of Econometrics, vol. 186, no. 1, pp. 74-93.
  • Aikman, David, Michael T. Kiley, Seung Jung Lee, Michael G. Palumbo, and Missaka N. Warusawitharana (2015). "Mapping Heat in the U.S. Financial System," Finance and Economics Discussion Series 2015-059. Washington: Board of Governors of the Federal Reserve System.
  • Levine, Oliver, and Missaka Warusawitharana (2014). "Finance and Productivity Growth: Firm-Level Evidence," Finance and Economics Discussion Series 2014-17. Board of Governors of the Federal Reserve System (U.S.).
  • Carlson, Mark, Hui Shan, and Missaka Warusawitharana (2013). "Capital Ratios and Bank Lending: A Matched Bank Approach," Journal of Financial Intermediation, vol. 22, no. 4, pp. 663-687.
  • Warusawitharana, Missaka (2013). "The Expected Real Return to Equity," Journal of Economic Dynamics and Control, vol. 37, no. 9, pp. 1929-1946.
  • Warusawitharana, Missaka (2012). "Profitability and the Lifecycle of Firms," Finance and Economics Discussion Series 2012-63. Board of Governors of the Federal Reserve System (U.S.).
  • Chin, Alycia, and Missaka Warusawitharana (2010). "Financial Market Shocks during the Great Depression," B.E. Journal of Macroeconomics, vol. 10, no. 1, pp. Article 25.
  • Wachter, Jessica A., and Missaka Warusawitharana (2009). "Predictable Returns and Asset Allocation: Should a Skeptical Investor Time the Market?" Journal of Econometrics, vol. 148, pp. 162-178.
  • Ray, Sugata, and Missaka Warusawitharana (2009). "An Efficiency Perspective on the Gains from Mergers and Asset Purchases," B.E. Journal of Economic Analysis and Policy, vol. 9, no. 1, pp. Article 43.
  • Warusawitharana, Missaka (2008). "Corporate Asset Purchases and Sales: Theory and Evidence," Journal of Financial Economics, vol. 87, no. 2, pp. 471-497.
  • Myerson, Joel, Leonard Green, and Missaka Warusawitharana (2001). "Area Under the Curve as a Measure of Discounting," Journal of the Experimental Analysis of Behavior, vol. 76, pp. 235-243.

Conference Organization

  • 2016

    Midwest Finance Association annual meeting

    Programme Committee

  • 2016

    SFS Cavalcade

    Programme Committee

  • 2015

    SFS Cavalcade

    Programme Committee

  • 2014

    SFS Cavalcade

    Programme Committee

  • 2011

    FMA annual meeting

    Programme Committee

  • 2007

    FMA annual meeting

    Programme Committee

Referee

  • Economic Journal
  • Economic Letters
  • European Economic Review
  • Financial Management
  • Journal of Business Venturing
  • Journal of Economic Growth
  • Journal of Finance
  • Journal of Financial Economics
  • Journal of Financial and Quantitative Analysis
  • Journal of Financial Stability
  • Journal of Industrial Economics
  • Review of Finance
  • Review of Financial Studies
  • Review of Industrial Organization
  • Scandinavian Journal of Economics
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Last update: April 11, 2016