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Economics and Finance

D-Index
36
Citations
10312
World Ranking
2730
National Ranking
1518

Overview

Jessica A. Wachter is affiliated with the University of Pennsylvania in the United States, specializing in the fields of economics, econometrics, and finance. Their research output includes 36 publications focusing on these areas, with particular emphasis on finance, economics and econometrics, and accounting, as well as contributions to general decision sciences.

Their work addresses multiple topics within these disciplines. Major themes include financial markets and investment strategies, market dynamics and volatility, monetary policy and economic impact, housing market economics, credit risk and financial regulations, stochastic processes and financial applications, and decision-making and behavioral economics.

Jessica A. Wachter has contributed articles to several prominent academic venues. They have published extensively in the SSRN Electronic Journal, with nine papers, alongside works featured in The Review of Asset Pricing Studies, The Quarterly Journal of Economics, Review of Financial Studies, and The Journal of Finance.

Among recent notable papers are:

  • A Retrieved-Context Theory of Financial Decisions, 2023, The Quarterly Journal of Economics
  • A Model of Two Days: Discrete News and Asset Prices, 2021, Review of Financial Studies
  • Memory of Past Experiences and Economic Decisions, 2021, SSRN Electronic Journal
  • Associative Learning and Representativeness, 2022, SSRN Electronic Journal
  • Sovereign Default and the Decline in Interest Rates, 2020, SSRN Electronic Journal

Their research collaborations include frequent co-authorship with Michael J. Kahana, James D. Paron, Ulrike Malmendier, Max Miller, and Sophia V. Hua. These partnerships reflect a network of scholars sharing expertise in economics and finance.

Best Publications

  • Can Time-Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?

    Jessica A. Wachter

  • A consumption-based model of the term structure of interest rates ☆

    Jessica A. Wachter

  • Portfolio and Consumption Decisions under Mean-Reverting Returns: An Exact Solution for Complete Markets

    Jessica A. Wachter

  • Why Is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium

    Martin Lettau;Jessica A. Wachter

  • The Declining Equity Premium: What Role Does Macroeconomic Risk Play?

    Martin Lettau;Sydney C. Ludvigson;Jessica A. Wachter

  • Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements

    Malcolm Baker;Lubomir Litov;Jessica A. Wachter;Jeffrey Wurgler

  • Should Investors Avoid All Actively Managed Mutual Funds? A Study in Bayesian Performance Evaluation

    Klaas Pieter Baks;Andrew Metrick;Jessica A Wachter

  • Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements

    Malcolm Baker;Lubomir Litov;Jessica Wachter;Jeffrey Wurgler

  • Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements

    Malcolm Baker;Lubomir Litov;Jessica A. Wachter;Jeffrey Wurgler

  • The Term Structures of Equity and Interest Rates

    Martin Lettau;Jessica A. Wachter

  • Why Do Household Portfolio Shares Rise in Wealth

    Jessica A. Wachter;Motohiro Yogo

  • Does the Failure of the Expectations Hypothesis Matter for Long-Term Investors?

    Antonios Sangvinatsos;Jessica A. Wachter

  • Can Time-Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?

    Jessica A. Wachter;Jessica A. Wachter

  • Predictable returns and asset allocation: Should a skeptical investor time the market?

    Jessica A. Wachter;Missaka Warusawitharana

  • Risk Aversion and Allocation to Long-Term Bonds

    Jessica A. Wachter

  • The Declining Equity Premium: What Role Does Macroeconomic Risk Play?

    Martin Lettau;Martin Lettau;Martin Lettau;Jessica A. Wachter;Jessica A. Wachter;Sydney C. Ludvigson;Sydney C. Ludvigson

  • A Consumption-Based Model of the Term Structure of Interest Rates

    Jessica A. Wachter;Jessica A. Wachter

  • Option Prices in a Model with Stochastic Disaster Risk

    Sang Byung Seo;Jessica A. Wachter

  • Disaster Risk and its Implications for Asset Pricing

    Jerry Tsai;Jessica Wachter

  • Disaster Risk and its Implications for Asset Pricing

    Jerry Tsai;Jessica A Wachter;Jessica A Wachter

  • Solving models with external habit

    Jessica A. Wachter

  • Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium

    Martin Lettau;Martin Lettau;Martin Lettau;Jessica A. Wachter;Jessica A. Wachter

  • Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements

    Malcolm P. Baker;Malcolm P. Baker;Lubomir P. Litov;Lubomir P. Litov;Jessica A. Wachter;Jessica A. Wachter;Jeffrey Wurgler;Jeffrey Wurgler

  • Should Investors Avoid All Actively Managed Mutual Funds? A Study in Bayesian Performance Evaluation

    Klaas Baks;Jessica A. Wachter;Jessica A. Wachter;Andrew Metrick;Andrew Metrick

  • Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium

    Martin Lettau;Jessica Wachter

Frequent Co-Authors

Martin Lettau
Martin Lettau University of California, Berkeley
Michael J. Kahana
Michael J. Kahana University of Pennsylvania
Andrew Metrick
Andrew Metrick Yale University
Jeffrey Wurgler
Jeffrey Wurgler New York University
Motohiro Yogo
Motohiro Yogo Princeton University
Malcolm P. Baker
Malcolm P. Baker Harvard University
Sydney C. Ludvigson
Sydney C. Ludvigson New York University
John Y. Campbell
John Y. Campbell Harvard University

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