Emilio Osambela

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

10

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10,041

TOTAL CITATIONS
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Top 7,515

in Total Papers Citations

81

Scholarly Papers (10)

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1.

The Shift From Active to Passive Investing: Potential Risks to Financial Stability?

Downloads 5,749 ( 3,125)
Citation 7

The Shift From Active to Passive Investing: Potential Risks to Financial Stability?

Financial Analysts Journal 76(4): 23–29, 2020
Number of pages: 33 Posted: 16 Sep 2019 Last Revised: 06 May 2021
Kenechukwu Anadu, Mathias S. Kruttli, Patrick E. McCabe and Emilio Osambela
Federal Reserve Bank of Boston, Kelley Business School - Indiana University, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 4,194 (5,276)
Citation 5

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Asset Management, Passive Investing, Index Investing, Indexing, Mutual Fund, Exchange-Traded Fund, Leveraged and Inverse Exchange-Traded Products, Financial Stability, Systemic Risk, Market Volatility, Inclusion Effects

The Shift from Active to Passive Investing: Potential Risks to Financial Stability?

FRB of Boston Supervisory Research & Analysis Unit Working Paper No. RPA 18-4
Number of pages: 35 Posted: 24 Jan 2019 Last Revised: 13 Oct 2023
Kenechukwu Anadu, Mathias S. Kruttli, Patrick E. McCabe, Emilio Osambela and Chaehee Shin
Federal Reserve Bank of Boston, Kelley Business School - Indiana University, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 787 (67,849)
Citation 1

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asset management, passive investing, index investing, indexing, mutual funds, exchange-traded funds, leveraged and inverse exchange-traded products, financial stability, systemic risk, market volatility, inclusion effects, daily rebalancing

The Shift from Active to Passive Investing: Potential Risks to Financial Stability?

FEDS Working Paper No. 2018-060R1
Number of pages: 34 Posted: 02 Sep 2020 Last Revised: 03 Sep 2020
Kenechukwu Anadu, Mathias S. Kruttli, Patrick E. McCabe and Emilio Osambela
Federal Reserve Bank of Boston, Kelley Business School - Indiana University, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 768 (69,963)
Citation 1

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2.

When Uncertainty and Volatility Are Disconnected: Implications for Asset Pricing and Portfolio Performance

Downloads 1,022 (48,102)
Citation 5

When Uncertainty and Volatility Are Disconnected: Implications for Asset Pricing and Portfolio Performance

Proceedings of Paris December 2021 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 57 Posted: 10 May 2021 Last Revised: 17 Mar 2023
Yacine Ait-Sahalia, Felix Matthys, Emilio Osambela and Ronnie Sircar
National Bureau of Economic Research (NBER), ITAM, Board of Governors of the Federal Reserve System and Princeton University - Department of Operations Research and Financial Engineering
Downloads 751 (72,120)
Citation 1

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Volatility and Uncertainty Disconnect, Stochastic Volatility, Stochastic Uncertainty, Risk Aversion, Uncertainty Aversion

When Uncertainty and Volatility are Disconnected: Implications for Asset Pricing and Portfolio Performance

FEDS Working Paper No. 2021-63
Number of pages: 49 Posted: 19 Oct 2021
Yacine Ait-Sahalia, Felix Matthys, Emilio Osambela and Ronnie Sircar
National Bureau of Economic Research (NBER), ITAM, Board of Governors of the Federal Reserve System and Princeton University - Department of Operations Research and Financial Engineering
Downloads 248 (263,822)

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Risk Aversion, Stochastic Uncertainty, Stochastic Volatility, Uncertainty Aversion, Volatility and Uncertainty Disconnect

When Uncertainty and Volatility are Disconnected: Implications for Asset Pricing and Portfolio Performance

NBER Working Paper No. w29195
Number of pages: 49 Posted: 30 Aug 2021 Last Revised: 10 Apr 2022
Yacine Ait-Sahalia, Felix Matthys, Emilio Osambela and Ronnie Sircar
National Bureau of Economic Research (NBER), ITAM, Board of Governors of the Federal Reserve System and Princeton University - Department of Operations Research and Financial Engineering
Downloads 23 (1,150,023)
Citation 4

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3.

Inflation Surprises and Equity Returns

Number of pages: 48 Posted: 22 Nov 2022 Last Revised: 05 Dec 2023
Antonio Gil de Rubio Cruz, Emilio Osambela, Berardino Palazzo, Francisco Palomino and Gustavo Suarez
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 787 (69,069)

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Inflation surprises, equity returns, firm characteristics

4.

Asset Prices and Portfolios with Externalities

Review of Finance 26(6): 1433–1468, 2022
Number of pages: 57 Posted: 25 Mar 2019 Last Revised: 22 Nov 2022
Steven D. Baker, Burton Hollifield and Emilio Osambela
Federal Reserve Banks - Federal Reserve Bank of Richmond, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 667 (85,307)
Citation 9

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ESG, Externality, Hedging, Portfolio Theory, Socially responsible investment

5.

Differences of Opinion and International Equity Markets

Downloads 623 (93,077)
Citation 10

Differences of Opinion and International Equity Markets

Review of Financial Studies 30(3): 750–800, 2017, AFA 2011 Denver Meetings Paper
Number of pages: 70 Posted: 13 Mar 2010 Last Revised: 17 Apr 2017
Bernard Dumas, Karen K. Lewis and Emilio Osambela
INSEAD, University of Pennsylvania - Finance Department and Board of Governors of the Federal Reserve System
Downloads 437 (142,408)

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Heterogeneous beliefs, capital flows, home-equity preference, cross-listing, international CAPM, international finance

Differences of Opinion and International Equity Markets

INSEAD Working Paper No. 2016/24/FIN
Number of pages: 70 Posted: 01 Jul 2011 Last Revised: 12 Apr 2016
Bernard Dumas, Karen K. Lewis and Emilio Osambela
INSEAD, University of Pennsylvania - Finance Department and Board of Governors of the Federal Reserve System
Downloads 129 (477,014)
Citation 10

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Differences of Opinion and International Equity Markets

NBER Working Paper No. w16726
Number of pages: 71 Posted: 01 Feb 2011 Last Revised: 16 Mar 2023
Bernard Dumas, Karen K. Lewis and Emilio Osambela
INSEAD, University of Pennsylvania - Finance Department and Board of Governors of the Federal Reserve System
Downloads 57 (808,171)

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6.

Differences of Opinion, Endogenous Liquidity, and Asset Prices

Review of Financial Studies 28(7): 1914–1959, 2015
Number of pages: 57 Posted: 21 Oct 2010 Last Revised: 17 Aug 2016
Emilio Osambela
Board of Governors of the Federal Reserve System
Downloads 538 (112,112)
Citation 7

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Differences of opinion, Funding liquidity, Market liquidity, Default, Stock return volatility

7.

Disagreement, Speculation, and Aggregate Investment

Journal of Financial Economics 119(1): 210–225, 2016
Number of pages: 41 Posted: 02 Nov 2013 Last Revised: 18 Aug 2016
Steven D. Baker, Burton Hollifield and Emilio Osambela
Federal Reserve Banks - Federal Reserve Bank of Richmond, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 317 (205,813)
Citation 18

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speculation, aggregate investment, heterogeneous beliefs, disasters, recursive preferences

8.

Preventing Controversial Catastrophes

Downloads 144 (435,041)
Citation 23

Preventing Controversial Catastrophes

Review of Asset Pricing Studies 10(1): 1–60, 2020
Number of pages: 89 Posted: 19 Aug 2016 Last Revised: 06 May 2021
Steven D. Baker, Burton Hollifield and Emilio Osambela
Federal Reserve Banks - Federal Reserve Bank of Richmond, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 110 (540,671)

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Crowding out, Disagreement, Disaster Risk, Government policy, Wllingness to Pay

Preventing Controversial Catastrophes

FEDS Working Paper No. 2018-52
Number of pages: 90 Posted: 23 Jul 2018 Last Revised: 21 Feb 2019
Steven D. Baker, Burton Hollifield and Emilio Osambela
Federal Reserve Banks - Federal Reserve Bank of Richmond, Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 34 (1,016,556)
Citation 23

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9.

Differences of Opinion and Foreign Exchange Markets

Number of pages: 44 Posted: 30 Dec 2010 Last Revised: 18 Aug 2016
Emilio Osambela
Board of Governors of the Federal Reserve System
Downloads 108 (544,262)
Citation 2

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Exchange rates, heterogeneous beliefs, speculation, uncovered interest rate parity, forward premium, risk sharing

10.

Understanding the Pricing of Carbon Emissions: New Evidence from the Stock Market

Number of pages: 59 Posted: 04 Oct 2024
Matteo Crosignani, Emilio Osambela and Matt Pritsker
Federal Reserve Banks - Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Boston
Downloads 86 (633,256)

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carbon emissions, stock returns, climate risk