Research Staff and Resources

Contact Information
202-452-3760
sean.d.campbell@frb.gov

Fields of Interest
Financial Markets
Macroeconomics
Econometrics and Statistics

Education
Ph.D., Economics, University of Pennsylvania, 2002
B.A., Economics, University of Massachusetts, 1995

Professional Experience
Board of Governors of the Federal Reserve System, 2004-present
Assistant Professor, Department of Economics, Brown University, 2002-2004

Selected Publications

• ''Weather Forecasting for Weather Derivatives'' (with Francis X. Diebold), Journal of the American Statistical Association, vol. 100 (2005), pp. 6-16.
• ''Macroeconomic Volatility, Predictability and Uncertainty in the Great Moderation: Evidence from the Survey of Professional Forecasters,'' Journal of Business and Economic Statistics, vol. 2 (April 2007), pp. 191-200.
• ''A Review of Backtesting and Backtesting Procedures,'' Journal of Risk, vol. 9 (Winter 2007), pp. 1-17.
• A Review of Backtesting and Backtesting Procedures (ed.). The Value-at-Risk Reference, vol. . London: Risk Books, 2007.
• ''Anchoring Bias in Consensus Forecasts and its Effect on Market Prices '' (with Steven A. Sharpe), Journal of Financial and Quantitative Analysis, vol. 44 (April 2009), pp. 369-390.
• ''Stock Returns and Expected Business Conditions: Half a Century of Direct Evidence'' (with Francis X. Diebold), Journal of Business and Economic Statistics, vol. 27 (April 2009), pp. 266-278.
• ''What Moves Housing Markets: A Variance Decomposition of the Rent-Price Ratio'' (with Morris Davis, Joshia Gallin, and Robert F. Martin), Journal of Urban Economics, forthcoming (2009).
• The Human Capital That Matters: Expected Returns and the Income of Affluent Households (with George Korniotis), Finance and Economics Discussion Series 2008-09. Washington: Board of Governors of the Federal Reserve System, 2008.
• A Trend and Variance Decomposition of the Rent-Price Ratio in Housing Markets (with Morris A. Davis, Joshua H. Gallin, and Robert F. Martin), Finance and Economics Discussion Series 2006-29. Washington: Board of Governors of the Federal Reserve System, 2006.
• Stock Market Volatility and the Great Moderation, Finance and Economics Discussion Series 2005-47. Washington: Board of Governors of the Federal Reserve System, 2005.
• Alternative Estimates of the Presidential Premium (with Canlin Li), Finance and Economics Discussion Series 2004-69. Washington: Board of Governors of the Federal Reserve System, 2004.