Photo of Sai Ma

Sai Ma

Education

  • Ph.D., Economics, New York University, 2018
  • M.A., Economics, University of Toronto, 2012
  • B.Sc., Financial Economics, University of Toronto, 2011
Current Research Topics
  • Asset Pricing with Heterogeneous Agents
  • Uncertainty and Business Cycle
  • Economist

    Board of Governors of the Federal Reserve System

    2018 - present
  • Ludvigson, Sydney C., Sai Ma, and Serena Ng (forthcoming). "Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?" American Economic Journal: Macroeconomics.
  • Lettau, Martin, Sydney C. Ludvigson, and Sai Ma (2019). "Capital Share Risk in U.S. Asset Pricing," The Journal of Finance, vol. 74, no. 4, pp. 1753-1792.
  • Londono, Juan M., Sai Ma, and Beth Anne Wilson (2019). "Quantifying the Impact of Foreign Economic Uncertainty on the U.S. Economy," FEDS Notes 2019-10-08. Board of Governors of the Federal Reserve System (U.S.).
  • Lettau, Martin, Sydney C. Ludvigson, and Sai Ma (2018). "Capital Share Risk in U.S. Asset Pricing," NBER Working Paper, no. 20744. National Bureau of Economic Research.
  • Ludvigson, Sydney C., Sai Ma, and Serena Ng (2018). "Shock Restricted Structural Vector-Autoregressions," NBER Working Paper, no. 23225. National Bureau of Economic Research.
  • Ludvigson, Sydney C., Sai Ma, and Serena Ng (2018). "Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?" NBER Working Paper, no. 21803. National Bureau of Economic Research.
  • Ma, Sai (2018). "Essays on Macroeconomics and Asset Pricing," Ph.D. dissertation, New York University.
Referee
  • Quarterly Journal of Economics
  • Review of Financial Studies
  • Journal of Banking and Finance
  • Oxford Bulletin of Economics and Statistics
  • Journal of Macroeconomics
  • European Economic Review
  • Energy
  • Journal of International Money and Finance
  • Journal of Money, Credit, and Banking
Last update: December 9, 2019