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Meet the Economists

Photo of Nitish R. Sinha

Nitish R. Sinha

Principal Economist Capital Markets Section Research and Statistics
202-973-6916
nitish.r.sinha@frb.gov

Education

  • Ph.D., Finance, Robert H Smith School of Business, University of Maryland, 2010
  • M.B.A., Management, Indian Institute of Management, Ahmedabad, 2002
  • B.S., Electrical Engineering, Indian Institute of Technology, Kanpur, 1999
Current Research Topics
  • Text Analysis, Market Efficiency,
  • Treasury Rates, Forecasting
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2017 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2015 - 2017
  • Economist

    Board of Governors of the Federal Reserve System

    2013 - 2015
  • Assistant Professor

    College of Business Administration, University of Illinois at Chicago

    2010 - 2013
  • Sharpe, Steven A., Nitish R. Sinha, and Christopher A. Hollrah (2020). "The Power of Narratives in Economic Forecasts," Finance and Economics Discussion Series 2020-001. Board of Governors of the Federal Reserve System (U.S.).
  • Berge, Travis J., Andrew C. Chang, and Nitish R. Sinha (2019). "Evaluating the Conditionality of Judgmental Forecasts," Finance and Economics Discussion Series 2019-002. Board of Governors of the Federal Reserve System (U.S.).
  • Berge, Travis J., Andrew C. Chang, and Nitish R. Sinha (2019). "Evaluating the Conditionality of Judgmental Forecasts," International Journal of Forecasting, vol. 35, no. 4, pp. 1627-1635.
  • Heston, Steven L., and Nitish R. Sinha (2017). "News vs. Sentiment: Predicting Stock Returns from News Stories," Financial Analysts Journal, vol. 73, no. 3, pp. 67-83.
  • Kyle, Albert S., Anna A. Obizhaeva, Nitish Ranjan Sinha, and Tugkan Tuzun (2017). "News Articles and Equity Trading," CEFIR / NES Working Paper, no. 233. Centre for Economic and Financial Research at New Economic School.
  • Sharpe, Steven A., Nitish R. Sinha, and Christopher A. Hollrah (2017). "What's the Story? A New Perspective on the Value of Economic Forecasts," Finance and Economics Discussion Series 2017-107. Board of Governors of the Federal Reserve System (U.S.).
  • Berge, Travis, Nitish Sinha, and Michael Smolyansky (2016). "Which Market Indicators Best Forecast Recessions?" FEDS Notes 2016-08-02. Board of Governors of the Federal Reserve System (U.S.).
  • Heston, Steven L., and Nitish R. Sinha (2016). "News versus Sentiment: Predicting Stock Returns from News Stories," Finance and Economics Discussion Series 2016-048. Board of Governors of the Federal Reserve System (U.S.).
  • Ogden, Rick, Francisco Palomino, Nitish Sinha, and Youngsuk Yook (2016). "Corporate Bond Issuers' Swap Exposure to Rising Interest Rates," FEDS Notes 2016-05-26. Board of Governors of the Federal Reserve System (U.S.).
  • Sinha, Nitish Ranjan (2016). "Underreaction to News in the US Stock Market," Quarterly Journal of Finance, vol. 6, no. 2.
  • Bertaut, Carol C., and Nitish Sinha (2015). "How much has Dollar Appreciation Affected U.S. Corporate Profits?" IFDP Notes 2015-07-17. Board of Governors of the Federal Reserve System (U.S.).
  • Heston, Steven L., and Nitish Sinha (2015). "News versus Sentiment: Predicting Stock Returns from News Stories," Robert H. Smith School Research Paper, University of Maryland.
  • Sinha, Nitish (2014). "Using Big Data in Finance : Example of Sentiment-Extraction from News Articles," FEDS Notes 2014-03-26. Board of Governors of the Federal Reserve System (U.S.).
  • Kyle, Albert Sidney, Anna A. Obizhaeva, Nitish Ranjan Sinha, and Tugkan Tuzun (2012). "News Articles and the Invariance Hypothesis," AFA 2012 Chicago Meetings Paper, Midwest Finance Association 2012 Annual Meetings Paper.
  • Kyle, Albert S., Anna A. Obizhaeva, Nitish Ranjan Sinha, Tugkan Tuzun (2011). "News Arrival and Trading Game Invariance," International College of Economics and Finance.
  • Muehlenbachs, Lucija; Elisabeth Newcomb Sinha, and Nitish Sinha (2011). "Strategic Release of News at the EPA," Resources for the Future, Discussion Paper 11-45. Resources for the Future, Discussion Papers.
  • Sinha, Nitish, and Wei Dong (2011). "Where Do Informed Traders Trade? Trading Around News on Dow 30 Options," Midwest Finance Association 2012 Annual Meetings Paper.
  • Sinha, Nitish (2010). "Essays on News and Asset Prices," Ph.D. dissertation, University of Maryland.
Awards
  • 2012

    UIC Liautaud school of business

    Favorite MBA Professor of the year

  • 2011

    Chicago Quantitative Alliance

    Best Paper

  • 2011

    Midwest Finance Association

    Best Paper, Investments

  • 2008

    Robert H Smith School of Business, University of Maryland

    Allan N. Nash outstanding doctoral student award

  • 2017

    CFA association

    Graham and Dodd scroll for best writing in the Financial Analyst Journal

Conference Organization

  • Oct 1-2, 2019 | Washinton DC

    , Nontraditional Data, Machine Learning, and Natural Language Processing in Macroeconomics

    Program Committee

  • May 14-15, 2019 | London

    Gender and Career Progression with a focus on issues in finance, economics and central banking

    Co-organizer

Referee
  • Review of Financial Studies
  • Accounting and Business Research
  • International Journal of Forecasting
  • Journal of Empirical Finance
  • Quantitative Finance
  • Journal of Banking and Finance
  • Journal of Economic Surveys
  • Journal of Applied Economics
  • Financial Review
  • Harvard Business Cases
Professional Affiliation
  • American Finance Association
  • Financial Management Association
Last update: January 13, 2020