Photo of Mohammad R. Jahan-Parvar

Mohammad R. Jahan-Parvar

Education

  • Ph.D., Economics, University of North Carolina at Chapel Hill, 2007
  • M.S., Statistics, University of North Carolina at Chapel Hill, 2003
Current Research Topics
  • International Macro-Finance, Forecasting
  • Empirical Asset Pricing, Financial Markets
  • 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
  • Financial Economist

    Office of the Comptroller of the Currency

    2012 - 2013
  • Associate Professor

    East Carolina University

    2012 - 2013
  • Assistant Professor

    East Carolina University

    2007 - 2012
  • Which daily equity returns improve output forecasts?
    Mohammad R. Jahan-Pavar and William J. Lang
    Economics Letters (2024)
    https://doi.org/10.1016/j.econlet.2024.111897
  • Optimizing composite early warning indicators
    Daniel O. Beltran, Vihar M. Dalal, Mohammad R. Jahan-Parvar, and Fiona A. Paine
    North American Journal of Economics and Finance (2024)
    https://doi.org/10.1016/j.najef.2024.102250
  • The Third SNB-FRB-BIS High-Level Conference on Global Risk, Uncertainty, and Volatility: Monetary Policy and Banking Regulation under Elevated Uncertainty
    Mohammad R. Jahan-Parvar, Juan M. Londono, Beth Anne Wilson, and Ilknur Zer
    FEDS Notes (2023)
    https://doi.org/10.17016/2380-7172.3431
  • When Do Low-Frequency Measures Really Measure Effective Spreads? Evidence from Equity and Foreign Exchange Markets
    Mohammad R Jahan-Parvar and Filip Zikes
    Review of Financial Studies (2023)
    https://doi.org/10.1093/rfs/hhad028
  • What Is Certain about Uncertainty?
    Danilo Cascaldi-Garcia, Cisil Sarisoy, Juan M. Londono, Bo Sun, Deepa Datta, Thiago Ferreira, Olesya Grishchenko, Mohammad R. Jahan-Parvar, Francesca Loria, Sai Ma, Marius Rodriguez, Ilknur Zer, and John Rogers
    Journal of Economic Literature (2023)
    https://doi.org/10.1257/jel.20211645
    See also » FRB Working Paper (2020)
  • Firm-Specific Risk-Neutral Distributions with Options and CDS
    Sirio Aramonte, Mohammad Jahan-Parvar, Samuel Rosen, and John W. Schindler
    Management Science (2022)
    https://doi.org/10.1287/mnsc.2021.4170
    See also » FRB Working Paper (2017)
  • SONOMA: a Small Open ecoNOmy for MAcrofinance
    Mariano Massimiliano Croce, Mohammad R. Jahan-Parvar, and Samuel Rosen
    International Finance Discussion Papers (2022)
    https://doi.org/10.17016/IFDP.2022.1349
  • The Impact of Financial Sanctions: The Case of Iran
    Saeed Ghasseminejad and Mohammad R. Jahan-Parvar
    Journal of Policy Modeling (2021)
    https://doi.org/10.1016/j.jpolmod.2021.03.001
    See also » FRB Working Paper (2020)
  • Non-Financial Corporate Credit and Recessions
    Stephanie E. Curcuru and Mohammad R. Jahan-Parvar
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2877
  • Institutions and Return Predictability in Oil-Exporting Countries
    Sirio Aramonte, Mohammad R. Jahan-Parvar, and Justin K. Shugarman
    Quarterly Review of Economics and Finance (2019)
    https://doi.org/10.1016/j.qref.2018.09.002
    See also » FRB Working Paper (2015)
  • Does Smooth Ambiguity Matter for Asset Pricing?
    A. Ronald Gallant, Mohammad R. Jahan-Parvar, and Hening Liu
    Review of Financial Studies (2019)
    https://doi.org/10.1093/rfs/hhy118
    See also » FRB Working Paper (2018)
  • Macroeconomic Effects of Banking Sector Losses across Structural Models
    Luca Guerrieri, Matteo Iacoviello, Francisco Covas, John C. Driscoll, Mohammad Jahan-Parvar, Michael Kiley, Albert Queralto, and Jae Sim
    International Journal of Central Banking (2019)
    See also » FRB Working Paper (2015)
  • A Year of Rising Dangerously? The U.S. Stock Market Performance in the Aftermath of the Presidential Election
    Olivier Blanchard, Christopher G. Collins, Mohammad R. Jahan-Parvar, Thomas Pellet, and Beth Anne Wilson
    Journal of Policy Modeling (2018)
    https://doi.org/10.1016/j.jpolmod.2018.03.004
  • Downside Variance Risk Premium
    Bruno Feunou, Mohammad R. Jahan-Parvar, and Cédric Okou
    Journal of Financial Econometrics (2018)
    https://doi.org/10.1093/jjfinec/nbx020
    See also » FRB Working Paper (2015)
  • Taxonomy of Global Risk, Uncertainty, and Volatility Measures
    Deepa Datta, Juan M. Londono, Bo Sun, Daniel Beltran, Thiago Ferreira, Matteo Iacoviello, Mohammad R. Jahan-Parvar, Canlin Li, Marius Rodriguez, and John Rogers
    International Finance Discussion Papers (2017)
    https://doi.org/10.17016/IFDP.2017.1216
  • Which Parametric Model for Conditional Skewness?
    Bruno Feunou, Mohammad R. Jahan-Parvar, and Roméo Tédongap
    European Journal of Finance (2016)
    https://doi.org/10.1080/1351847X.2013.877515
  • Ambiguity Aversion and Asset Prices in Production Economies
    Mohammad Jahan-Parvar and Hening Liu
    Review of Financial Studies (2014)
    https://doi.org/10.1093/rfs/hhu037
  • Risk-return Trade-Off in the Pacific Basin Equity Markets
    Ai-Ru Cheng and Mohammad Jahan-Parvar
    Emerging Markets Review (2014)
    https://doi.org/10.1016/j.ememar.2014.01.004
  • Equity Returns and Business Cycles in Small Open Economies
    Mohammad Jahan-Parvar, Xuan Liu, and Philip Rothman
    Journal of Money, Credit and Banking (2013)
    https://doi.org/10.1111/jmcb.12046
  • Risk and Return in the Tehran Stock Exchange
    Mohammad Jahan-Parvar and Hassan Mohammadi
    Quarterly Review of Economics and Finance (2013)
    https://doi.org/10.1016/j.qref.2013.05.005
  • Modeling Market Downside Volatility
    Bruno Feunou, Mohammad R. Jahan-Parvar, and Roméo Tédongap
    Review of Finance (2013)
    https://doi.org/10.1093/rof/rfr024
  • U.S. Industry-Level Returns and Oil Prices
    Qinbin Fan and Mohammad Jahan-Parvar
    International Review of Economics & Finance (2012)
    https://doi.org/10.1016/j.iref.2011.09.004
  • Flood Insurance Coverage in the Coastal Zone
    Craig E. Landry and Mohammad Jahan-Parvar
    Journal of Risk and Insurance (2011)
    https://doi.org/10.1111/j.1539-6975.2010.01380.x
  • Equity Price Bubbles in the Middle Eastern and North African Financial Markets
    Mohammad Jahan-Parvar and George A. Waters
    Emerging Markets Review (2010)
    https://doi.org/10.1016/j.ememar.2009.11.001
  • An Empirical Investigation of Stock Market Behavior in the Middle East and North Africa
    Ai-Ru Cheng, Mohammad Jahan-Parvar, and Philip Rothman
    Journal of Empirical Finance (2010)
    https://doi.org/10.1016/j.jempfin.2009.11.002
  • conference

    2020

    CFE 2020

    Optimizing Credit Gaps for Predicting Financial Crises: Modelling Choices and Tradeoffs

  • conference

    2020

    Econometric Society World Congress

    SONOMA: a Small Open ecoNOmy for MAcrofinance

  • conference

    2020

    Midwest Finance

    SONOMA: a Small Open ecoNOmy for MAcrofinance

  • seminar

    2020

    Virginia Tech

    SONOMA: a Small Open ecoNOmy for MAcrofinance

  • seminar

    2020

    Georgetown University

    Optimizing Credit Gaps for Predicting Financial Crises: Modelling Choices and Tradeoffs

  • conference

    2019

    Computational and Financial Econometrics Conference

    When do low-frequency measures really measure transaction costs?

  • seminar

    2019

    Carey Business School, Johns Hopkins University

    When do low-frequency measures really measure transaction costs?

  • conference

    2019

    Northern Finance Association

    SONOMA: a Small Open ecoNOmy for MAcrofinance

  • conference

    2019

    ITAM Finance Conference

    SONOMA: a Small Open ecoNOmy for MAcrofinance

  • seminar

    2019

    UNC Chapel Hill

    When do low-frequency measures really measure transaction costs?

  • discussion

    2018

    European Central Bank

    Discussion of "Global Financial Cycles and Risk Premiums"

  • conference

    2018

    European Finance Association

    Does Smooth Ambiguity Matter for Asset Pricing?

  • conference

    2018

    Western Finance Association

    Does Smooth Ambiguity Matter for Asset Pricing?

  • seminar

    2018

    Cal Poly

    Does Smooth Ambiguity Matter for Asset Pricing?

  • conference

    2017

    Financial Management Association

    Firm-specific risk-neutral distributions: The role of CDS spreads

  • seminar

    2017

    West Virginia University

    Firm-specific risk-neutral distributions: The role of CDS spreads

  • conference

    2017

    Summer Meeting of the Econometric Society

    Firm-specific risk-neutral distributions: The role of CDS spreads

  • conference

    2017

    SNDE Annual Conference

    Firm-specific risk-neutral distributions: The role of CDS spreads

  • seminar

    2017

    University of North Carolina

    Firm-specific risk-neutral distributions: The role of CDS spreads

  • conference

    2016

    Computational and Financial Econometrics Conference

    Firm-specific risk-neutral distributions: The role of CDS spreads

  • conference

    2016

    Joint Statistical Meetings

    Firm-specific risk-neutral distributions: The role of CDS spreads

  • conference

    2016

    SFS Cavalcade

    Measuring Ambiguity Aversion

  • conference

    2016

    Econometric Socirty Winter Meeting

    Measuring Ambiguity Aversion

  • conference

    2015

    Econometric Socirty World Congress

    Measuring Ambiguity Aversion

  • seminar

    2015

    Indiana University

    Measuring Ambiguity Aversion

  • conference

    2015

    SoFiE Annual Conference

    Measuring Ambiguity Aversion

  • seminar

    2014

    Carey Business School, Johns Hopkins University

    Downside Variance Premium

  • conference

    2014

    Midwest Econometric Group

    Measuring Ambiguity Aversion

  • seminar

    2014

    Georgetown University

    Measuring Ambiguity Aversion

  • seminar

    2014

    George Washington University

    Measuring Ambiguity Aversion

  • conference

    2014

    Society for Nonlinear Dynamics and Econometrics

    Downside Variance Premium

  • conference

    2013

    Computational and Financial Econometrics Conference

    Downside Variance Premium

  • seminar

    2013

    Manchester Business School

    Downside Variance Premium

  • conference

    2013

    Midwest Econometric Group Annual Meeting

    Downside Variance Premium

  • conference

    2013

    Financial Management Association Annual Meeting

    Ambiguity Aversion and Asset Prices in Production Economies

  • conference

    2013

    Summer Meeting of the Econometric Society

    Ambiguity Aversion and Asset Prices in Production Economies

  • seminar

    2013

    Rice University

    Ambiguity Aversion and Asset Prices in Production Economies

  • seminar

    2011

    Kenan-Flagler Business School, UNC

    Ambiguity Aversion and Asset Prices in Production Economies

  • conference

    2011

    Joint Statistical Meetings

    Which parametric model for conditional skewness?

  • conference

    2011

    Midwest Econometric Group

    Which parametric model for conditional skewness?

  • conference

    2011

    Midwest Econometric Group

    Underreaction in equity returns: Evidence from commodity markets.

  • conference

    2010

    Trinagle Econometric Conference

    Modeling Market Downside Volatility

  • conference

    2010

    Financial Management Association

    Modeling Market Downside Volatility

  • conference

    2010

    Midwest Econometric Group

    Modeling Market Downside Volatility

Awards
  • 2024

    The Risk Banking and Finance Society

    Best Paper in Market Risk

Conference Organization
  • December 2019 | London, UK

    Computational and Financial Econometrics

    Session Organizer and Chair

  • November 2018 | Washington, DC

    Southern Economic Association

    Session Organizer and Chair

Referee
  • The Review of Financial Studies,
  • Journal of Applied Econometrics,
  • Journal of Banking and Finance,
  • Journal of Business and Economic Statistics,
  • Journal of Empirical Finance,
  • Journal of International Money and Finance,
  • Journal of Futures Markets,
  • Journal of Risk and Insurance,
  • Review of Economics and Statistics,
  • International Journal of Forecasting,
  • Financial Management,
  • Macroeconomic Dynamics,
  • Economic Inquiry,
  • Management Science,
  • European Journal of Operational Research
  • Quarterly Review of Economics and Finance,
  • Studies in Nonlinear Dynamics and Econometrics,
  • World Development
Professional Affiliation
  • Member, American Economic Association, 2003-Present
  • Member, American Finance Association, 2003-Present
  • Member, American Statistical Association, 2003-Present
  • Member, the Econometric Society, 2003-Present
  • Member, Financial Management Association, 2007-Prresent
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Last Update: November 18, 2024