Photo of Sai Ma

Sai Ma

Education

  • Ph.D., Economics, New York University, 2018
  • M.A., Economics, University of Toronto, 2012
  • B.Sc., Financial Economics, University of Toronto, 2011
Current Research Topics
  • Asset Pricing with Heterogeneous Agents
  • Uncertainty and Business Cycle
  • Economist

    Board of Governors of the Federal Reserve System

    2018 - present
  • Ludvigson, Sydney C., Sai Ma, and Serena Ng (forthcoming). "Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?" American Economic Journal: Macroeconomics.
  • Bianchi, Francesco, Sydney C. Ludvigson, and Sai Ma (2020). "Belief Distortions and Macroeconomic Fluctuations," NBER Working Paper No. 27406. Cambridge, MA: National Bureau of Economic Research.
  • Jovanovic, Boyan, and Sai Ma (2020). "Uncertainty and Growth Disasters," NBER Working Paper No. 28024. Cambridge, MA: National Bureau of Economic Research.
  • Jovanovic, Boyan, Sai Ma, and Peter L. Rousseau (2020). "Private Equity and Growth," NBER Working Paper No. 28030. Cambridge, MA: National Bureau of Economic Research.
  • Cascaldi-Garcia, Danilo, Deepa Datta, Thiago Ferreira, Olesya Grishchenko, Mohammad R. Jahan-Parvar, Francesca Loria, Sai Ma, Marius Rodriguez, Juan M. Londono, John Rogers, Cisil Sarisoy, and Ilknur Zer (2020). "What is Certain about Uncertainty?" International Finance Discussion Papers 1294. Board of Governors of the Federal Reserve System (U.S.)
  • Jovanovic, Boyan, and Sai Ma (2020). "Uncertainty and Growth Disasters," International Finance Discussion Papers 1279. Board of Governors of the Federal Reserve System (U.S.).
  • Ludvigson, Sydney C., Sai Ma, and Serena Ng (2020). "Covid-19 and the Macroeconomic Effects of Costly Disasters," Covid Economics, vol. 9, pp. 1-21.
  • Ludvigson, Sydney C., Sai Ma, and Serena Ng (2020). "Covid-19 and the Macroeconomic Effects of Costly Disasters," NBER Working Paper No. 26987. The National Bureau of Economic Research.
  • Londono, Juan M., Sai Ma, and Beth Anne Wilson (2019). "Quantifying the Impact of Foreign Economic Uncertainty on the U.S. Economy," FEDS Notes 2019-10-08. Board of Governors of the Federal Reserve System (U.S.).
  • Lettau, Martin, Sydney C. Ludvigson, and Sai Ma (2019). "Capital Share Risk in U.S. Asset Pricing," The Journal of Finance, vol. 74, no. 4, pp. 1753-1792.
  • Lettau, Martin, Sydney C. Ludvigson, and Sai Ma (2018). "Capital Share Risk in U.S. Asset Pricing," NBER Working Paper, no. 20744. National Bureau of Economic Research.
  • Ludvigson, Sydney C., Sai Ma, and Serena Ng (2018). "Shock Restricted Structural Vector-Autoregressions," NBER Working Paper, no. 23225. National Bureau of Economic Research.
  • Ludvigson, Sydney C., Sai Ma, and Serena Ng (2018). "Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?" NBER Working Paper, no. 21803. National Bureau of Economic Research.
  • Ma, Sai (2018). "Essays on Macroeconomics and Asset Pricing," Ph.D. dissertation, New York University.
Referee
  • Quarterly Journal of Economics
  • Review of Financial Studies
  • Journal of Banking and Finance
  • Oxford Bulletin of Economics and Statistics
  • Journal of Macroeconomics
  • European Economic Review
  • Energy
  • Journal of International Money and Finance
  • Journal of Money, Credit, and Banking
Last update: April 26, 2021