Photo of Mathias S. Kruttli

Mathias S. Kruttli

Education

  • Ph.D., Economics, University of Oxford, 2015
  • M.Phil., Economics, University of Oxford, 2011
  • M.A., Economics, New York University, 2008
  • B.A., Economics, University of Zurich, 2005
Current Research Topics
  • Asset Management, Climate Finance
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2022 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2019 - 2021
  • Economist

    Board of Governors of the Federal Reserve System

    2015 - 2018
  • The life of the counterparty: Shock propagation in hedge fund-prime broker credit networks
    Mathias S. Kruttli, Phillip J. Monin, and Sumudu W. Watugala
    Journal of Financial Economics (Forthcoming)
  • From Which Consumption-Based Asset Pricing Models Can Investors Profit? Evidence from Model-Based Priors
    Mathias S. Kruttli
    Journal of Financial Econometrics (Forthcoming)
    https://doi.org/10.1093/jjfinec/nbaa023
  • Hedge Fund Treasury Trading and Funding Fragility: Evidence from the COVID-19 Crisis
    Mathias S. Kruttli, Phillip J. Monin, Lubomir Petrasek, and Sumudu W. Watugala
    Finance and Economics Discussion Series (2021)
    https://doi.org/10.17016/FEDS.2021.038
  • The Shift from Active to Passive Investing: Potential Risks to Financial Stability?
    Kenechukwu Anadu, Mathias Kruttli, Patrick McCabe, and Emilio Osambela
    Financial Analysts Journal (2020)
    https://doi.org/10.1080/0015198X.2020.1779498
    See also » FRB Working Paper (2018)
  • Pricing Poseidon: Extreme Weather Uncertainty and Firm Return Dynamics
    Mathias S. Kruttli, Brigitte Roth Tran, and Sumudu W. Watugala
    Finance and Economics Discussion Series (2019)
    https://doi.org/10.17016/FEDS.2019.054
  • Investor Concentration, Flows, and Cash Holdings: Evidence from Hedge Funds
    Mathias S. Kruttli, Phillip J. Monin, and Sumudu W. Watugala
    Finance and Economics Discussion Series (2017)
    https://doi.org/10.17016/FEDS.2017.121
  • The Impact of Hedge Funds on Asset Markets
    Mathias S. Kruttli, Andrew J. Patton, and Tarun Ramadorai
    Review of Asset Pricing Studies (2015)
    https://doi.org/10.1093/rapstu/rav007
Awards
  • 2018

    MFA Annual Meeting

    Best Paper in Investments Award

  • 2016

    SFS Finance Cavalcade

    Review of Asset Pricing Studies Keynote

  • 2014

    FMA Napa Conference

    Best Paper Award

Referee
  • Review of Financial Studies
  • Management Science
  • Review of Asset Pricing Studies
  • Journal of Business & Economic Statistics
  • Economic Journal
  • European Financial Management
Professional Affiliation
  • Associate Member of the Oxford-Man Institute of Quantitative Finance
Last update: June 30, 2022