Todd Andrew Prono
Personal Details
First Name: | Todd |
Middle Name: | Andrew |
Last Name: | Prono |
Suffix: | |
RePEc Short-ID: | ppr136 |
| |
Commodity Futures Trading Commission Office of the Chief Economist 1155 21st Street, N.W. Washington, DC 20581 (202) 418-5460 | |
202-418-5460 | |
Terminal Degree: | 2007 Department of Economics; Boston College (from RePEc Genealogy) |
Affiliation
Commodity Futures Trading Commission (CFTC)
Government of the United States
Washington, District of Columbia (United States)http://www.cftc.gov/
RePEc:edi:cftgvus (more details at EDIRC)
Research output
Jump to: Working papers ArticlesWorking papers
- Thomas B. King & Travis D. Nesmith & Anna L. Paulson & Todd Prono, 2020.
"Central Clearing and Systemic Liquidity Risk,"
Finance and Economics Discussion Series
2020-009r1, Board of Governors of the Federal Reserve System (U.S.), revised 06 May 2022.
- Thomas B. King & Travis D. Nesmith & Anna Paulson & Todd Prono, 2023. "Central Clearing and Systemic Liquidity Risk," International Journal of Central Banking, International Journal of Central Banking, vol. 19(4), pages 85-142, October.
- G. Thomas Kingsley & Travis D. Nesmith & Anna L. Paulson & Todd Prono, 2019. "Central Clearing and Systemic Liquidity Risk," Working Paper Series WP 2019-12, Federal Reserve Bank of Chicago.
- Todd Prono, 2019. "When Simplicity Offers a Benefit, Not a Cost: Closed-Form Estimation of the GARCH(1,1) Model that Enhances the Efficiency of Quasi-Maximum Likelihood," Finance and Economics Discussion Series 2019-030, Board of Governors of the Federal Reserve System (U.S.).
- Andrew Phin & Todd Prono & Jonathan J. Reeves & Konark Saxena, 2018. "Level Shifts in Beta, Spurious Abnormal Returns and the TARP Announcement," Finance and Economics Discussion Series 2018-081, Board of Governors of the Federal Reserve System (U.S.).
- Todd Prono, 2017. "Regular Variation of Popular GARCH Processes Allowing for Distributional Asymmetry," Finance and Economics Discussion Series 2017-095, Board of Governors of the Federal Reserve System (U.S.).
- Todd Prono, 2016. "Closed-Form Estimation of Finite-Order ARCH Models: Asymptotic Theory and Finite-Sample Performance," Finance and Economics Discussion Series 2016-083, Board of Governors of the Federal Reserve System (U.S.).
- Prono, Todd, 2011. "When A Factor Is Measured with Error: The Role of Conditional Heteroskedasticity in Identifying and Estimating Linear Factor Models," MPRA Paper 33593, University Library of Munich, Germany.
- Todd, Prono, 2010. "Simple GMM Estimation of the Semi-Strong GARCH(1,1) Model," MPRA Paper 20034, University Library of Munich, Germany.
- Todd, Prono, 2009.
"Market Proxies, Correlation, and Relative Mean-Variance Efficiency: Still Living with the Roll Critique,"
MPRA Paper
20031, University Library of Munich, Germany.
- Todd Prono, 2009. "Market proxies, correlation, and relative mean-variance efficiency: still living with the roll critique," Supervisory Research and Analysis Working Papers QAU09-3, Federal Reserve Bank of Boston.
- Todd, Prono, 2009. "Simple, Skewness-Based GMM Estimation of the Semi-Strong GARCH(1,1) Model," MPRA Paper 30994, University Library of Munich, Germany, revised 30 Jul 2011.
- Todd, Prono, 2009.
"GARCH-Based Identification and Estimation of Triangular Systems,"
MPRA Paper
20032, University Library of Munich, Germany.
- Todd Prono, 2008. "GARCH-based identification and estimation of triangular systems," Supervisory Research and Analysis Working Papers QAU08-4, Federal Reserve Bank of Boston.
- Ethan Cohen-Cole & Todd Prono, 2007. "Loss distribution estimation, external data and model averaging," Supervisory Research and Analysis Working Papers QAU07-8, Federal Reserve Bank of Boston.
- Todd Prono, 2006. "GARCH-based identification of triangular systems with an application to the CAPM: still living with the roll critique," Working Papers 07-1, Federal Reserve Bank of Boston.
Articles
- Prono, Todd, 2015. "Market proxies as factors in linear asset pricing models: Still living with the roll critique," Journal of Empirical Finance, Elsevier, vol. 31(C), pages 36-53.
- Todd Prono, 2014. "The Role Of Conditional Heteroskedasticity In Identifying And Estimating Linear Triangular Systems, With Applications To Asset Pricing Models That Include A Mismeasured Factor," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(5), pages 800-824, August.
Citations
Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.Working papers
- Thomas B. King & Travis D. Nesmith & Anna L. Paulson & Todd Prono, 2020.
"Central Clearing and Systemic Liquidity Risk,"
Finance and Economics Discussion Series
2020-009r1, Board of Governors of the Federal Reserve System (U.S.), revised 06 May 2022.
- Thomas B. King & Travis D. Nesmith & Anna Paulson & Todd Prono, 2023. "Central Clearing and Systemic Liquidity Risk," International Journal of Central Banking, International Journal of Central Banking, vol. 19(4), pages 85-142, October.
- G. Thomas Kingsley & Travis D. Nesmith & Anna L. Paulson & Todd Prono, 2019. "Central Clearing and Systemic Liquidity Risk," Working Paper Series WP 2019-12, Federal Reserve Bank of Chicago.
Cited by:
- Aramonte, Sirio & Schrimpf, Andreas & Shin, Hyun Song, 2022.
"Non-bank Financial Intermediaries and Financial Stability,"
CEPR Discussion Papers
16962, C.E.P.R. Discussion Papers.
- Sirio Aramonte & Andreas Schrimpf & Hyun Song Shin, 2021. "Non-bank financial intermediaries and financial stability," BIS Working Papers 972, Bank for International Settlements.
- Sirio Aramonte & Andreas Schrimpf & Hyun Song Shin, 2023. "Non-bank financial intermediaries and financial stability," Chapters, in: Refet S. Gürkaynak & Jonathan H. Wright (ed.), Research Handbook of Financial Markets, chapter 7, pages 147-170, Edward Elgar Publishing.
- Melinda Friesz & Kira Muratov-Szabó & Andrea Prepuk & Kata Váradi, 2021. "Risk Mutualization in Central Clearing: An Answer to the Cross-Guarantee Phenomenon from the Financial Stability Viewpoint," Risks, MDPI, vol. 9(8), pages 1-19, August.
- Todd Prono, 2016.
"Closed-Form Estimation of Finite-Order ARCH Models: Asymptotic Theory and Finite-Sample Performance,"
Finance and Economics Discussion Series
2016-083, Board of Governors of the Federal Reserve System (U.S.).
Cited by:
- Todd Prono, 2017. "Regular Variation of Popular GARCH Processes Allowing for Distributional Asymmetry," Finance and Economics Discussion Series 2017-095, Board of Governors of the Federal Reserve System (U.S.).
- Todd, Prono, 2009.
"Market Proxies, Correlation, and Relative Mean-Variance Efficiency: Still Living with the Roll Critique,"
MPRA Paper
20031, University Library of Munich, Germany.
- Todd Prono, 2009. "Market proxies, correlation, and relative mean-variance efficiency: still living with the roll critique," Supervisory Research and Analysis Working Papers QAU09-3, Federal Reserve Bank of Boston.
Cited by:
- Todd, Prono, 2009.
"GARCH-Based Identification and Estimation of Triangular Systems,"
MPRA Paper
20032, University Library of Munich, Germany.
- Todd Prono, 2008. "GARCH-based identification and estimation of triangular systems," Supervisory Research and Analysis Working Papers QAU08-4, Federal Reserve Bank of Boston.
- Michael C. Nwogugu, 2020. "Decision-Making, Sub-Additive Recursive "Matching" Noise And Biases In Risk-Weighted Stock/Bond Index Calculation Methods In Incomplete Markets With Partially Observable Multi-Attribute Pref," Papers 2005.01708, arXiv.org.
- Michael Nwogugu, 2020. "Regret Theory And Asset Pricing Anomalies In Incomplete Markets With Dynamic Un-Aggregated Preferences," Papers 2005.01709, arXiv.org.
- Todd, Prono, 2009.
"GARCH-Based Identification and Estimation of Triangular Systems,"
MPRA Paper
20032, University Library of Munich, Germany.
- Todd Prono, 2008. "GARCH-based identification and estimation of triangular systems," Supervisory Research and Analysis Working Papers QAU08-4, Federal Reserve Bank of Boston.
Cited by:
- Arthur Lewbel, 2012.
"Using Heteroscedasticity to Identify and Estimate Mismeasured and Endogenous Regressor Models,"
Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 30(1), pages 67-80.
- Arthur Lewbel, 2010. "Using Heteroscedasticity to Identify and Estimate Mismeasured and Endogenous Regressor Models," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 30(1), pages 67-80, December.
- Arthur Lewbel, 2003. "Using Heteroskedasticity to Identify and Estimate Mismeasured and Endogenous Regressor Models," Boston College Working Papers in Economics 587, Boston College Department of Economics, revised 15 Dec 2010.
- Todd, Prono, 2009.
"Market Proxies, Correlation, and Relative Mean-Variance Efficiency: Still Living with the Roll Critique,"
MPRA Paper
20031, University Library of Munich, Germany.
- Todd Prono, 2009. "Market proxies, correlation, and relative mean-variance efficiency: still living with the roll critique," Supervisory Research and Analysis Working Papers QAU09-3, Federal Reserve Bank of Boston.
- Milunovich George & Yang Minxian, 2013. "On Identifying Structural VAR Models via ARCH Effects," Journal of Time Series Econometrics, De Gruyter, vol. 5(2), pages 117-131, May.
- Prono, Todd, 2011. "When A Factor Is Measured with Error: The Role of Conditional Heteroskedasticity in Identifying and Estimating Linear Factor Models," MPRA Paper 33593, University Library of Munich, Germany.
- Todd Prono, 2006.
"GARCH-based identification of triangular systems with an application to the CAPM: still living with the roll critique,"
Working Papers
07-1, Federal Reserve Bank of Boston.
Cited by:
- Michael C. Nwogugu, 2020. "Decision-Making, Sub-Additive Recursive "Matching" Noise And Biases In Risk-Weighted Stock/Bond Index Calculation Methods In Incomplete Markets With Partially Observable Multi-Attribute Pref," Papers 2005.01708, arXiv.org.
- Michael Nwogugu, 2020. "Regret Theory And Asset Pricing Anomalies In Incomplete Markets With Dynamic Un-Aggregated Preferences," Papers 2005.01709, arXiv.org.
Articles
- Prono, Todd, 2015.
"Market proxies as factors in linear asset pricing models: Still living with the roll critique,"
Journal of Empirical Finance, Elsevier, vol. 31(C), pages 36-53.
Cited by:
- Roy, Rahul & Shijin, Santhakumar, 2022. "The saving, human wealth and asset pricing nexus: Evidence from around the world," Economic Systems, Elsevier, vol. 46(2).
- Michael Nwogugu, 2020. "Regret Theory And Asset Pricing Anomalies In Incomplete Markets With Dynamic Un-Aggregated Preferences," Papers 2005.01709, arXiv.org.
- Todd Prono, 2014.
"The Role Of Conditional Heteroskedasticity In Identifying And Estimating Linear Triangular Systems, With Applications To Asset Pricing Models That Include A Mismeasured Factor,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(5), pages 800-824, August.
Cited by:
- Christopher F Baum & Arthur Lewbel, 2019.
"Advice on using heteroskedasticity-based identification,"
Stata Journal, StataCorp LP, vol. 19(4), pages 757-767, December.
- Christopher F. Baum & Arthur Lewbel, 2018. "Advice on using heteroscedasticity based identification," Boston College Working Papers in Economics 975, Boston College Department of Economics, revised 17 Jun 2019.
- Arthur Lewbel, 2016.
"Identification and Estimation Using Heteroscedasticity Without Instruments: The Binary Endogenous Regressor Case,"
Boston College Working Papers in Economics
927, Boston College Department of Economics.
- Lewbel, Arthur, 2018. "Identification and estimation using heteroscedasticity without instruments: The binary endogenous regressor case," Economics Letters, Elsevier, vol. 165(C), pages 10-12.
- Emanuele BACCHIOCCHI, 2015.
"On the Identification of Interdependence and Contagion of Financial Crises,"
Departmental Working Papers
2015-12, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Emanuele Bacchiocchi, 2017. "On the Identification of Interdependence and Contagion of Financial Crises," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 79(6), pages 1148-1175, December.
- Amanda Linell & Edwin Muchapondwa & Herbert Ntuli & Martin Sjöstedt & Sverker C. Jagers, 2018. "Factors influencing people’s perceptions towards conservation of transboundary wildlife resources. The case of the Great-Limpopo Trans-frontier Conservation Area," Working Papers 765, Economic Research Southern Africa.
- Christopher F Baum & Arthur Lewbel, 2019.
"Advice on using heteroskedasticity-based identification,"
Stata Journal, StataCorp LP, vol. 19(4), pages 757-767, December.
More information
Research fields, statistics, top rankings, if available.Statistics
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Co-authorship network on CollEc
Featured entries
This author is featured on the following reading lists, publication compilations, Wikipedia, or ReplicationWiki entries:NEP Fields
NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 11 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.- NEP-ECM: Econometrics (9) 2007-03-03 2008-01-05 2008-10-07 2010-01-23 2010-01-23 2010-01-23 2011-10-01 2016-10-23 2017-10-01. Author is listed
- NEP-ETS: Econometric Time Series (6) 2007-03-03 2008-10-07 2010-01-23 2010-01-23 2016-10-23 2017-10-01. Author is listed
- NEP-ORE: Operations Research (3) 2010-01-23 2011-10-01 2017-10-01
- NEP-RMG: Risk Management (3) 2008-01-05 2020-03-09 2020-05-04
- NEP-BAN: Banking (2) 2020-03-09 2020-05-04
- NEP-FMK: Financial Markets (2) 2007-03-03 2020-03-09
- NEP-MAC: Macroeconomics (2) 2020-03-09 2020-05-04
- NEP-CBA: Central Banking (1) 2020-03-09
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