Jessica A. Wachter
Personal Details
First Name: | Jessica |
Middle Name: | A. |
Last Name: | Wachter |
Suffix: | |
RePEc Short-ID: | pwa346 |
| |
http://finance.wharton.upenn.edu/~jwachter/ | |
Terminal Degree: | 2000 Department of Economics; Harvard University (from RePEc Genealogy) |
Affiliation
Finance Department
Wharton School of Business
University of Pennsylvania
Philadelphia, Pennsylvania (United States)http://finance.wharton.upenn.edu/
RePEc:edi:fdupaus (more details at EDIRC)
Research output
Jump to: Working papers Articles ChaptersWorking papers
- Mehran Ebrahimian & Jessica Wachter, 2020. "Risks to Human Capital," NBER Working Papers 26823, National Bureau of Economic Research, Inc.
- Hongye Guo & Jessica A. Wachter, 2019. ""Superstitious" Investors," NBER Working Papers 25603, National Bureau of Economic Research, Inc.
- Jessica A. Wachter & Michael Jacob Kahana, 2019. "A Retrieved-Context Theory Of Financial Decisions," NBER Working Papers 26200, National Bureau of Economic Research, Inc.
- João F. Gomes & Marco Grotteria & Jessica Wachter, 2018.
"Foreseen Risks,"
NBER Working Papers
25277, National Bureau of Economic Research, Inc.
- Gomes, João F. & Grotteria, Marco & Wachter, Jessica A., 2023. "Foreseen risks," Journal of Economic Theory, Elsevier, vol. 212(C).
- Simon Oh & Jessica A. Wachter, 2018. "Cross-sectional Skewness," NBER Working Papers 25113, National Bureau of Economic Research, Inc.
- Jerry Tsai & Jessica A. Wachter, 2018. "Pricing Long-Lived Securities in Dynamic Endowment Economies," NBER Working Papers 24641, National Bureau of Economic Research, Inc.
- Jessica A. Wachter & Yicheng Zhu, 2018. "The Macroeconomic Announcement Premium," NBER Working Papers 24432, National Bureau of Economic Research, Inc.
- João F. Gomes & Marco Grotteria & Jessica A. Wachter, 2017.
"Cyclical Dispersion in Expected Defaults,"
NBER Working Papers
23704, National Bureau of Economic Research, Inc.
- João F Gomes & Marco Grotteria & Jessica A Wachter, 2019. "Cyclical Dispersion in Expected Defaults," The Review of Financial Studies, Society for Financial Studies, vol. 32(4), pages 1275-1308.
- Sang Byung Seo & Jessica A. Wachter, 2016. "Do Rare Events Explain CDX Tranche Spreads?," NBER Working Papers 22723, National Bureau of Economic Research, Inc.
- Mete Kilic & Jessica A. Wachter, 2015. "Risk, Unemployment, and the Stock Market: A Rare-Event-Based Explanation of Labor Market Volatility," NBER Working Papers 21575, National Bureau of Economic Research, Inc.
- Jerry Tsai & Jessica A. Wachter, 2015. "Disaster Risk and its Implications for Asset Pricing," NBER Working Papers 20926, National Bureau of Economic Research, Inc.
- Jerry Tsai & Jessica A. Wachter, 2014. "Rare Booms and Disasters in a Multi-sector Endowment Economy," NBER Working Papers 20062, National Bureau of Economic Research, Inc.
- Sang Byung Seo & Jessica A. Wachter, 2013. "Option Prices in a Model with Stochastic Disaster Risk," NBER Working Papers 19611, National Bureau of Economic Research, Inc.
- Efstathios Avdis & Jessica A. Wachter, 2013. "Maximum likelihood estimation of the equity premium," NBER Working Papers 19684, National Bureau of Economic Research, Inc.
- Jessica A. Wachter & Missaka Warusawitharana, 2011.
"What is the Chance that the Equity Premium Varies over Time? Evidence from Regressions on the Dividend-Price Ratio,"
NBER Working Papers
17334, National Bureau of Economic Research, Inc.
- Wachter, Jessica A. & Warusawitharana, Missaka, 2015. "What is the chance that the equity premium varies over time? Evidence from regressions on the dividend-price ratio," Journal of Econometrics, Elsevier, vol. 186(1), pages 74-93.
- Jessica Wachter, 2010.
"Asset Allocation,"
NBER Working Papers
16255, National Bureau of Economic Research, Inc.
- Jessica A. Wachter, 2010. "Asset Allocation," Annual Review of Financial Economics, Annual Reviews, vol. 2(1), pages 175-206, December.
- Jessica A. Wachter & Motohiro Yogo, 2010.
"Why Do Household Portfolio Shares Rise in Wealth?,"
NBER Working Papers
16316, National Bureau of Economic Research, Inc.
- Jessica A. Wachter & Motohiro Yogo, 2010. "Why Do Household Portfolio Shares Rise in Wealth?," The Review of Financial Studies, Society for Financial Studies, vol. 23(11), pages 3929-3965, November.
- Motohiro Yogo & Jessica Wachter, 2007. "Why do Household Portfolio Shares Rise in Wealth?," 2007 Meeting Papers 929, Society for Economic Dynamics.
- Martin Lettau & Jessica A. Wachter, 2009.
"The Term Structures of Equity and Interest Rates,"
NBER Working Papers
14698, National Bureau of Economic Research, Inc.
- Lettau, Martin & Wachter, Jessica A., 2011. "The term structures of equity and interest rates," Journal of Financial Economics, Elsevier, vol. 101(1), pages 90-113, July.
- Jessica A. Wachter & Missaka Warusawitharana, 2009. "What is the chance that the equity premium varies over time? evidence from predictive regressions," Finance and Economics Discussion Series 2009-26, Board of Governors of the Federal Reserve System (U.S.).
- Anthony W. Lynch & Jessica A. Wachter, 2008.
"Using Samples of Unequal Length in Generalized Method of Moments Estimation,"
NBER Working Papers
14411, National Bureau of Economic Research, Inc.
- Lynch, Anthony W. & Wachter, Jessica A., 2013. "Using Samples of Unequal Length in Generalized Method of Moments Estimation," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 48(1), pages 277-307, February.
- Jessica Wachter, 2008.
"Can Time-Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?,"
NBER Working Papers
14386, National Bureau of Economic Research, Inc.
- Jessica A. Wachter, 2013. "Can Time-Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?," Journal of Finance, American Finance Association, vol. 68(3), pages 987-1035, June.
- Jessica Wachter, 2008. "Can time-varying risk of rare disasters explain aggregate stock market volatility?," 2008 Meeting Papers 944, Society for Economic Dynamics.
- Jessica A. Wachter & Missaka Warusawitharana, 2006.
"Predictable returns and asset allocation: Should a skeptical investor time the market?,"
2006 Meeting Papers
22, Society for Economic Dynamics.
- Wachter, Jessica A. & Warusawitharana, Missaka, 2009. "Predictable returns and asset allocation: Should a skeptical investor time the market?," Journal of Econometrics, Elsevier, vol. 148(2), pages 162-178, February.
- Jessica A. Wachter & Missaka Warusawitharana, 2007. "Predictable Returns and Asset Allocation: Should a Skeptical Investor Time the Market?," NBER Working Papers 13165, National Bureau of Economic Research, Inc.
- Jessica A. Wachter, 2005.
"Solving Models with External Habit,"
NBER Working Papers
11559, National Bureau of Economic Research, Inc.
- Wachter, Jessica A., 2005. "Solving models with external habit," Finance Research Letters, Elsevier, vol. 2(4), pages 210-226, December.
- Jessica Wachter & Martin Lettau, 2005.
"Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium,"
2005 Meeting Papers
302, Society for Economic Dynamics.
- Martin Lettau & Jessica A. Wachter, 2007. "Why Is Long‐Horizon Equity Less Risky? A Duration‐Based Explanation of the Value Premium," Journal of Finance, American Finance Association, vol. 62(1), pages 55-92, February.
- Martin Lettau & Jessica Wachter, 2005. "Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium," NBER Working Papers 11144, National Bureau of Economic Research, Inc.
- Lettau, Martin & Wachter, Jessica, 2005. "Why is Long-Horizon Equity Less Risky? A Duration-based Explanation of the Value Premium," CEPR Discussion Papers 4921, C.E.P.R. Discussion Papers.
- Malcolm Baker & Lubomir Litov & Jessica A. Wachter & Jeffrey Wurgler, 2004.
"Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements,"
NBER Working Papers
10685, National Bureau of Economic Research, Inc.
- Baker, Malcolm & Litov, Lubomir & Wachter, Jessica A. & Wurgler, Jeffrey, 2010. "Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 45(5), pages 1111-1131, October.
- Martin Lettau & Sydney C. Ludvigson & Jessica A. Wachter, 2004.
"The Declining Equity Premium: What Role Does Macroeconomic Risk Play?,"
NBER Working Papers
10270, National Bureau of Economic Research, Inc.
- Martin Lettau & Sydney C. Ludvigson & Jessica A. Wachter, 2005. "The declining equity premium: what role does macroeconomic risk play?," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
- Martin Lettau & Sydney C. Ludvigson & Jessica A. Wachter, 2008. "The Declining Equity Premium: What Role Does Macroeconomic Risk Play?," The Review of Financial Studies, Society for Financial Studies, vol. 21(4), pages 1653-1687, July.
- Martin Lettau & Sydney C. Ludvigson, 2004. "The Declining Equity Premium: What Role Does Macroeconomic Risk Play?," 2004 Meeting Papers 644, Society for Economic Dynamics.
- Lettau, Martin & Ludvigson, Sydney & Wachter, Jessica, 2006. "The Declining Equity Premium: What Role Does Macroeconomic Risk Play?," CEPR Discussion Papers 5519, C.E.P.R. Discussion Papers.
- Antonios Sangvinatsos & Jessica A. Wachter, 2003. "Does the Failure of the Expectations Hypothesis Matter for Long-Term Investors," NBER Working Papers 10086, National Bureau of Economic Research, Inc.
- Klaas Baks & Andrew Metrick & Jessica Wachter, 1999. "Bayesian Performance Evaluation," NBER Working Papers 7069, National Bureau of Economic Research, Inc.
- Klaas Baks & Andrew Metrick & Jessica Wachter, "undated".
"Should Investors Avoid All Actively Managed Mutual Funds? A Study in Bayesian Performance Evaluation,"
Rodney L. White Center for Financial Research Working Papers
18-99, Wharton School Rodney L. White Center for Financial Research.
- Klaas P. Baks & Andrew Metrick & Jessica Wachter, 2001. "Should Investors Avoid All Actively Managed Mutual Funds? A Study in Bayesian Performance Evaluation," Journal of Finance, American Finance Association, vol. 56(1), pages 45-85, February.
Articles
- Lynch, Anthony W. & Wachter, Jessica A., 2013.
"Using Samples of Unequal Length in Generalized Method of Moments Estimation,"
Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 48(1), pages 277-307, February.
- Anthony W. Lynch & Jessica A. Wachter, 2008. "Using Samples of Unequal Length in Generalized Method of Moments Estimation," NBER Working Papers 14411, National Bureau of Economic Research, Inc.
- Jessica A. Wachter, 2013.
"Can Time-Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?,"
Journal of Finance, American Finance Association, vol. 68(3), pages 987-1035, June.
- Jessica Wachter, 2008. "Can time-varying risk of rare disasters explain aggregate stock market volatility?," 2008 Meeting Papers 944, Society for Economic Dynamics.
- Jessica Wachter, 2008. "Can Time-Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?," NBER Working Papers 14386, National Bureau of Economic Research, Inc.
- Lettau, Martin & Wachter, Jessica A., 2011.
"The term structures of equity and interest rates,"
Journal of Financial Economics, Elsevier, vol. 101(1), pages 90-113, July.
- Martin Lettau & Jessica A. Wachter, 2009. "The Term Structures of Equity and Interest Rates," NBER Working Papers 14698, National Bureau of Economic Research, Inc.
- Jessica A. Wachter, 2010.
"Asset Allocation,"
Annual Review of Financial Economics, Annual Reviews, vol. 2(1), pages 175-206, December.
- Jessica Wachter, 2010. "Asset Allocation," NBER Working Papers 16255, National Bureau of Economic Research, Inc.
- Jessica A. Wachter & Motohiro Yogo, 2010.
"Why Do Household Portfolio Shares Rise in Wealth?,"
The Review of Financial Studies, Society for Financial Studies, vol. 23(11), pages 3929-3965, November.
- Jessica A. Wachter & Motohiro Yogo, 2010. "Why Do Household Portfolio Shares Rise in Wealth?," NBER Working Papers 16316, National Bureau of Economic Research, Inc.
- Motohiro Yogo & Jessica Wachter, 2007. "Why do Household Portfolio Shares Rise in Wealth?," 2007 Meeting Papers 929, Society for Economic Dynamics.
- Baker, Malcolm & Litov, Lubomir & Wachter, Jessica A. & Wurgler, Jeffrey, 2010.
"Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements,"
Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 45(5), pages 1111-1131, October.
- Malcolm Baker & Lubomir Litov & Jessica A. Wachter & Jeffrey Wurgler, 2004. "Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements," NBER Working Papers 10685, National Bureau of Economic Research, Inc.
- Wachter, Jessica A. & Warusawitharana, Missaka, 2009.
"Predictable returns and asset allocation: Should a skeptical investor time the market?,"
Journal of Econometrics, Elsevier, vol. 148(2), pages 162-178, February.
- Jessica A. Wachter & Missaka Warusawitharana, 2007. "Predictable Returns and Asset Allocation: Should a Skeptical Investor Time the Market?," NBER Working Papers 13165, National Bureau of Economic Research, Inc.
- Jessica A. Wachter & Missaka Warusawitharana, 2006. "Predictable returns and asset allocation: Should a skeptical investor time the market?," 2006 Meeting Papers 22, Society for Economic Dynamics.
- Martin Lettau & Sydney C. Ludvigson & Jessica A. Wachter, 2008.
"The Declining Equity Premium: What Role Does Macroeconomic Risk Play?,"
The Review of Financial Studies, Society for Financial Studies, vol. 21(4), pages 1653-1687, July.
- Martin Lettau & Sydney C. Ludvigson & Jessica A. Wachter, 2005. "The declining equity premium: what role does macroeconomic risk play?," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
- Martin Lettau & Sydney C. Ludvigson, 2004. "The Declining Equity Premium: What Role Does Macroeconomic Risk Play?," 2004 Meeting Papers 644, Society for Economic Dynamics.
- Lettau, Martin & Ludvigson, Sydney & Wachter, Jessica, 2006. "The Declining Equity Premium: What Role Does Macroeconomic Risk Play?," CEPR Discussion Papers 5519, C.E.P.R. Discussion Papers.
- Martin Lettau & Sydney C. Ludvigson & Jessica A. Wachter, 2004. "The Declining Equity Premium: What Role Does Macroeconomic Risk Play?," NBER Working Papers 10270, National Bureau of Economic Research, Inc.
- Wachter, Jessica A., 2006. "Comment on: "Can financial innovation help to explain the reduced volatility of economic activity?"," Journal of Monetary Economics, Elsevier, vol. 53(1), pages 151-154, January.
- Wachter, Jessica A., 2006. "A consumption-based model of the term structure of interest rates," Journal of Financial Economics, Elsevier, vol. 79(2), pages 365-399, February.
- Wachter, Jessica A., 2005.
"Solving models with external habit,"
Finance Research Letters, Elsevier, vol. 2(4), pages 210-226, December.
- Jessica A. Wachter, 2005. "Solving Models with External Habit," NBER Working Papers 11559, National Bureau of Economic Research, Inc.
- John Campbell & Christopher Polk & Tuomo Vuolteenaho, 2005.
"Growth or glamour? fundamentals and systemic risk in stock returns,"
Proceedings, Board of Governors of the Federal Reserve System (U.S.).
- John Y. Campbell & Christopher Polk & Tuomo Vuolteenaho, 2010. "Growth or Glamour? Fundamentals and Systematic Risk in Stock Returns," The Review of Financial Studies, Society for Financial Studies, vol. 23(1), pages 305-344, January.
- John Y. Campbell & Christopher Polk & Tuomo Vuolteenaho, 2005. "Growth or Glamour? Fundamentals and Systematic Risk in Stock Returns," Harvard Institute of Economic Research Working Papers 2082, Harvard - Institute of Economic Research.
- John Y. Campbell & Christopher Polk & Tuomo Vuolteenaho, 2005. "Growth or Glamour? Fundamentals and Systematic Risk in Stock Returns," NBER Working Papers 11389, National Bureau of Economic Research, Inc.
- Polk, Christopher & Vuolteenaho, Tuomo & Campbell, John Y., 2010. "Growth or Glamour? Fundamentals and Systematic Risk in Stock Returns," Scholarly Articles 9887622, Harvard University Department of Economics.
- Wachter, Jessica A., 2003. "Risk aversion and allocation to long-term bonds," Journal of Economic Theory, Elsevier, vol. 112(2), pages 325-333, October.
- Wachter, Jessica A., 2002. "Portfolio and Consumption Decisions under Mean-Reverting Returns: An Exact Solution for Complete Markets," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 37(1), pages 63-91, March.
- Wachter, Jessica A., 2002. "Comment on: Are behavioral asset-pricing models structural?," Journal of Monetary Economics, Elsevier, vol. 49(1), pages 229-233, January.
- Jessica A. Wachter, 2001. "Discussion," Journal of Finance, American Finance Association, vol. 56(4), pages 1351-1355, August.
Chapters
- Jessica A. Wachter, 2020. "Comment on "Imperfect Expectations: Theory and Evidence"," NBER Chapters, in: NBER Macroeconomics Annual 2020, volume 35, pages 87-98, National Bureau of Economic Research, Inc.
More information
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NEP Fields
NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 22 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-RMG: Risk Management (7) 2004-02-01 2005-06-14 2007-06-18 2008-10-07 2013-11-16 2018-10-15 2018-12-17. Author is listed
- NEP-FMK: Financial Markets (6) 2005-02-27 2005-06-14 2006-04-08 2008-10-07 2009-01-31 2018-10-15. Author is listed
- NEP-DGE: Dynamic General Equilibrium (5) 2004-02-01 2008-10-07 2009-01-31 2010-09-03 2020-03-30. Author is listed
- NEP-FIN: Finance (5) 2004-02-01 2004-08-31 2005-02-27 2005-06-14 2006-04-08. Author is listed
- NEP-MAC: Macroeconomics (5) 2003-11-30 2004-02-01 2006-04-08 2015-09-26 2017-08-27. Author is listed
- NEP-UPT: Utility Models and Prospect Theory (5) 2008-10-07 2009-07-17 2010-09-03 2011-08-29 2018-07-09. Author is listed
- NEP-BEC: Business Economics (3) 2004-08-31 2006-04-08 2011-08-29
- NEP-CFN: Corporate Finance (3) 2003-11-30 2004-08-31 2017-08-27
- NEP-CBA: Central Banking (2) 2009-01-31 2010-08-14
- NEP-ECM: Econometrics (2) 2008-10-28 2013-12-06
- NEP-BAN: Banking (1) 2018-12-17
- NEP-ETS: Econometric Time Series (1) 2008-10-28
- NEP-FDG: Financial Development and Growth (1) 2020-03-30
- NEP-KNM: Knowledge Management and Knowledge Economy (1) 2018-07-09
- NEP-MIC: Microeconomics (1) 2018-07-09
- NEP-MON: Monetary Economics (1) 2009-01-31
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