Photo of Andrew Y. Chen

Andrew Y. Chen

Education

  • Ph.D., Finance, Ohio State University, 2014
  • M.B.A., General Management, Georgetown University, 2009
  • B.S., Physics, University of Maryland, 2004
Current Research Topics
  • Asset Pricing
  • Publication Bias
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2017 - present
  • Economist

    Board of Governors of the Federal Reserve System

    2014 - 2017
  • Post-Bacc Fellow

    National Institutes of Health

    2004 - 2007
  • Chen, Andrew Y., and Tom Zimmermann (forthcoming). "Open Source Cross-Sectional Asset Pricing," Critical Finance Review.
  • Chen, Andrew Y. (forthcoming). "The Limits of p-Hacking: Some Thought Experiments," Journal of Finance.
  • Chen, Andrew Y., and Tom Zimmermann (2020). "Publication Bias and the Cross-Section of Stock Returns," The Review of Asset Pricing Studies, vol. 10, no. 2, pp. 249-289.
  • Chen, Andrew Y., Fabian Winkler, and Rebecca Wasyk (forthcoming). "In full-information estimates, long-run risks explain at most a quarter of p/d variance, and habit explains even less," Critical Finance Review.
  • Chen, Andrew Y. (2017). "External Habit in a Production Economy: A Model of Asset Prices and Consumption Volatility Risk," Review of Financial Studies, vol. 30, no. 8, pp. 2890-2932.
  • Chen, Andrew Y. (2018). "A General Equilibrium Model of the Value Premium with Time-Varying Risk Premia," The Review of Asset Pricing Studies, vol. 8, no. 2, pp. 337-374.
  • Chen, Andrew Y., and Mihail Velikov (2020). "Zeroing in on the Expected Returns of Anomalies," Finance and Economics Discussion Series 2020-039. Board of Governors of the Federal Reserve System (U.S.).
  • Chen, Andrew, Markus Ibert, and Francisco Vazquez-Grande (2020). "The Stock Market–Real Economy 'Disconnect': A Closer Look," FEDS Notes 2020-10-14. Board of Governors of the Federal Reserve System (U.S.).
  • Chen, Andrew Y., Eric C. Engstrom, and Olesya V. Grishchenko (2016). "Has the Inflation Risk Premium Fallen? Is it Now Negative?" FEDS Notes 2016-04-04. Board of Governors of the Federal Reserve System (U.S.).
Last update: July 27, 2021