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Meet the Researchers

Photo of Andrew Y. Chen

Andrew Y. Chen

Principal Economist Capital Markets Section Research and Statistics
202-973-6941
[email protected]

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
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2022 - present
  • 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
  • Do t-Statistic Hurdles Need to be Raised?
    Andrew Y. Chen
    Management Science (Forthcoming)
  • Missing values handling for machine learning portfolios
    Andrew Y. Chen and Jack McCoy
    Journal of Financial Economics (2024)
    https://doi.org/10.1016/j.jfineco.2024.103815
  • Zeroing In on the Expected Returns of Anomalies
    Andrew Y. Chen and Mihail Velikov
    Journal of Financial and Quantitative Analysis (2023)
    https://doi.org/10.1017/S0022109022000874
    See also » FRB Working Paper (2020)
  • Publication Bias in Asset Pricing Research
    Andrew Y. Chen and Tom Zimmermann
    Oxford Research Encyclopedia of Economics and Finance (2023)
    https://doi.org/10.1093/acrefore/9780190625979.013.888
  • Open Source Cross-Sectional Asset Pricing
    Andrew Y. Chen and Tom Zimmermann
    Critical Finance Review (2022)
    https://doi.org/10.1561/104.00000112
    See also » FRB Working Paper (2021)
  • The Limits of p-Hacking: Some Thought Experiments
    Andrew Y. Chen
    Journal of Finance (2021)
    https://doi.org/10.1111/jofi.13036
    See also » FRB Working Paper (2019)
  • In Full-Information Estimates, Long-Run Risks Explain at Most a Quarter of P/D Variance, and Habit Explains Even Less
    Andrew Y. Chen, Fabian Winkler, and Rebecca Wasyk
    Critical Finance Review (2021)
    https://doi.org/10.1561/104.00000092
  • Open Source Cross-Sectional Asset Pricing
    Andrew Y. Chen and Tom Zimmermann
    Finance and Economics Discussion Series (2021)
    https://doi.org/10.17016/FEDS.2021.037
  • The Stock Market–Real Economy "Disconnect": A Closer Look
    Andrew Chen, Markus Ibert, and Francisco Vazquez-Grande
    FEDS Notes (2020)
    https://doi.org/10.17016/2380-7172.2800
  • Publication Bias and the Cross-Section of Stock Returns
    Andrew Y. Chen and Tom Zimmermann
    Review of Asset Pricing Studies (2020)
    https://doi.org/10.1093/rapstu/raz011
    See also » FRB Working Paper (2018)
  • A General Equilibrium Model of the Value Premium with Time-Varying Risk Premia
    Andrew Y. Chen
    Review of Asset Pricing Studies (2018)
    https://doi.org/10.1093/rapstu/rax023
  • External Habit in a Production Economy: A Model of Asset Prices and Consumption Volatility Risk
    Andrew Y. Chen
    Review of Financial Studies (2017)
    https://doi.org/10.1093/rfs/hhx047
  • Has the Inflation Risk Premium Fallen? Is it Now Negative?
    Andrew Y. Chen, Eric C. Engstrom, and Olesya V. Grishchenko
    FEDS Notes (2016)
    https://doi.org/10.17016/2380-7172.1720
  • Precautionary Volatility and Asset Prices
    Andrew Y. Chen
    Finance and Economics Discussion Series (2014)
    https://doi.org/10.17016/FEDS.2014.59
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Last Update: September 16, 2024