Juan M. Londono

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

38

DOWNLOADS
Rank 9,191

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Top 9,191

in Total Papers Downloads

10,552

TOTAL CITATIONS
Rank 3,777

SSRN RANKINGS

Top 3,777

in Total Papers Citations

303

Scholarly Papers (38)

1.
Downloads 1,495 (27,361)
Citation 47

What is Certain About Uncertainty?

Journal of Economic Literature, Forthcoming
Number of pages: 45 Posted: 02 Aug 2021
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Fudan University - Fanhai International School of Finance (FISF), University of Virginia Darden School of Business, 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, 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 844 (61,112)
Citation 17

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global risk, uncertainty, volatility, crises, economic policy, monetary policy, downside risk, transmission.

What is Certain About Uncertainty?

International Finance Discussion Paper No. 1294
Number of pages: 45 Posted: 07 Aug 2020 Last Revised: 08 Mar 2022
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, University of Virginia Darden School of Business, Fudan University - Fanhai International School of Finance (FISF), 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, 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 651 (85,849)
Citation 30

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global risks, Uncertainty, Volatility, Crises, Economic policy, Monetary policy, Geopolitical risk, Trade policy, Downside risk

Cumulative Prospect Theory, Option Returns, and the Variance Premium

Number of pages: 82 Posted: 21 Mar 2014 Last Revised: 17 Jun 2018
Tilburg University - Department of Finance, Tilburg University - Tilburg University School of Economics and Management, Heidelberg University, Board of Governors of the Federal Reserve System and University of Mannheim - Business School
Downloads 895 (56,400)
Citation 34

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Cumulative prospect theory, variance risk premium, probability weighting

Cumulative Prospect Theory and the Variance Premium

Netspar Discussion Paper No. 12/2014-067
Number of pages: 45 Posted: 14 Feb 2015
Tilburg University - Department of Finance, Tilburg University - Tilburg University School of Economics and Management, Board of Governors of the Federal Reserve System and University of Mannheim - Business School
Downloads 210 (306,862)
Citation 4

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Cumulative prospect theory, distorted probabilities, loss aversion, variance risk premium

Cumulative Prospect Theory and the Variance Premium

Number of pages: 45 Posted: 02 Nov 2014 Last Revised: 12 Dec 2014
Tilburg University - Department of Finance, Tilburg University - Tilburg University School of Economics and Management, Board of Governors of the Federal Reserve System and University of Mannheim - Business School
Downloads 128 (473,678)
Citation 4

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Cumulative prospect theory, distorted probabilities, loss aversion, variance risk premium.

3.
Downloads 1,042 (46,307)
Citation 34

Variance Risk Premiums and the Forward Premium Puzzle

Number of pages: 67 Posted: 22 Aug 2012 Last Revised: 22 Jun 2016
Juan M. Londono and Hao Zhou
Board of Governors of the Federal Reserve System and Tsinghua University - PBC School of Finance
Downloads 755 (70,867)
Citation 2

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Currency return predictability, currency and stock variance risk premiums, forward premium puzzle, local consumption uncertainty, global inflation uncertainty.

Variance Risk Premiums and the Forward Premium Puzzle

FRB International Finance Discussion Paper No. 1068
Number of pages: 54 Posted: 07 Feb 2013
Juan M. Londono and Hao Zhou
Board of Governors of the Federal Reserve System and Tsinghua University - PBC School of Finance
Downloads 173 (367,293)
Citation 31

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forward premium puzzle, currency variance risk premium, stock variance, risk premium, unspanned currency uncertainty, forex return predictability

Variance Risk Premiums and the Forward Premium Puzzle

FRB International Finance Discussion Paper No. 1068
Number of pages: 50 Posted: 30 May 2017
Juan M. Londono and Hao Zhou
Board of Governors of the Federal Reserve System and Tsinghua University - PBC School of Finance
Downloads 114 (519,269)
Citation 1

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4.
Downloads 895 (57,200)
Citation 15

The Variance Risk Premium around the World

Number of pages: 60 Posted: 01 Nov 2014 Last Revised: 19 May 2015
Juan M. Londono
Board of Governors of the Federal Reserve System
Downloads 527 (112,319)
Citation 10

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variance risk premium, economic uncertainty, interdependence, international integration, return predictability

The Variance Risk Premium Around the World

FRB International Finance Discussion Paper No. 1035
Number of pages: 52 Posted: 23 Feb 2012
Juan M. Londono
Board of Governors of the Federal Reserve System
Downloads 196 (327,499)
Citation 2

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Variance risk premium, economic uncertainty, interdependence, international integration, co-movements, return predictability

The Variance Risk Premium Around the World

Number of pages: 57 Posted: 09 Mar 2011
Juan M. Londono
Board of Governors of the Federal Reserve System
Downloads 172 (369,249)
Citation 3

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variance risk premium, economic uncertainty, interdependence, international integration, comovements, return predictability.

5.

Equity Premium Events

Number of pages: 70 Posted: 08 Apr 2024 Last Revised: 20 Jan 2025
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 711 (77,907)

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Risk Premium, Macroeconomic Releases, FOMC, Daily Expiration Options

6.

Equity Tail Risk and Currency Risk Premiums

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 69 Posted: 17 Jun 2019 Last Revised: 11 May 2021
Zhenzhen Fan, Juan M. Londono and Xiao Xiao
Gordon S Lang School of Business and Economics, University of Guelph, Guelph, Canada - Department of Economics and Finance, Board of Governors of the Federal Reserve System and University of Cambridge - Cambridge Judge Business School
Downloads 620 (92,632)
Citation 13

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Global tail risk; Option-implied equity tail risk; Currency returns; Carry trade; Currency momentum

7.

The Price of Macroeconomic Uncertainty: Evidence from Daily Option Expirations

Number of pages: 45 Posted: 11 Apr 2023 Last Revised: 20 Jan 2025
Juan M. Londono and Mehrdad Samadi
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 544 (109,305)

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Options, Variance Risk, Uncertainty, Risk Premium, Macroeconomic Releases, FOMC, Inflation, Tail Risk

The Global Determinants of International Equity Risk Premiums

Number of pages: 61 Posted: 20 Apr 2019 Last Revised: 17 Feb 2023
Juan M. Londono and Nancy R. Xu
Board of Governors of the Federal Reserve System and Boston College, Carroll School of Management
Downloads 278 (232,067)
Citation 2

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Downside variance risk premium, Upside variance risk premium, International stock markets, Asymmetric state variables, Stock return predictability

The Global Determinants of International Equity Risk Premiums

International Finance Discussion Paper No. 1318
Number of pages: 67 Posted: 14 Jun 2021
Juan M. Londono and Nancy R. Xu
Board of Governors of the Federal Reserve System and Boston College, Carroll School of Management
Downloads 219 (294,633)
Citation 4

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9.

Taxonomy of Global Risk, Uncertainty, and Volatility Measures

International Finance Discussion Paper No. 1216
Number of pages: 49 Posted: 26 Nov 2017
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, University of Virginia Darden School of Business, 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, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Fudan University - Fanhai International School of Finance (FISF)
Downloads 371 (171,542)
Citation 4

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10.

Understanding Industry Betas

Number of pages: 45 Posted: 22 Feb 2013
Lieven Baele and Juan M. Londono
Tilburg University - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 301 (215,130)
Citation 2

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industry betas, component models, kernel, DCC-MIDAS, dispersion in betas, stock return predictability, minimum variance strategies

11.
Downloads 282 (230,308)
Citation 6

Bad Bad Contagion

Institute of Global Finance Working Paper No. Vol. 3, No. 1, Paper 4
Number of pages: 56 Posted: 23 Dec 2016 Last Revised: 18 Sep 2019
Juan M. Londono
Board of Governors of the Federal Reserve System
Downloads 172 (369,249)
Citation 6

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International stock markets, Bad contagion, Downside contagion, Interconnectedness, International integration, Financial stability, SRISK

Bad Bad Contagion

International Finance Discussion Paper No. 1178
Number of pages: 45 Posted: 08 Sep 2016 Last Revised: 09 Sep 2016
Juan M. Londono
Board of Governors of the Federal Reserve System
Downloads 59 (782,397)

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International stock markets, Bad contagion, Downside contagion, interconnectedness, International integration, Financial stability, SRISK

Bad Bad Contagion

Number of pages: 45 Posted: 28 Sep 2019
Juan M. Londono
Board of Governors of the Federal Reserve System
Downloads 51 (841,523)

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International stock markets, interconnectedness, integration, transmission, spillovers

Financial Stability Governance and Central Bank Communications

International Journal of Central Banking, Forthcoming
Number of pages: 52 Posted: 21 Nov 2022
Juan M. Londono, Stijn Claessens and Ricardo Correa
Board of Governors of the Federal Reserve System, Yale School of Management and Board of Governors of the Federal Reserve System
Downloads 171 (371,192)

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Financial Stability Governance, Natural Language Processing, Central Bank Communications

Financial Stability Governance and Central Bank Communications

International Finance Discussion Paper No. 1328
Number of pages: 57 Posted: 13 Sep 2021
Juan M. Londono, Stijn Claessens and Ricardo Correa
Board of Governors of the Federal Reserve System, Yale School of Management and Board of Governors of the Federal Reserve System
Downloads 105 (552,915)

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Financial Stability Governance, Natural Language Processing, Central Bank Communications, financial cycles

13.

Unconventional Monetary and Exchange Rate Policies

International Finance Discussion Paper No. 1194
Number of pages: 51 Posted: 24 Feb 2017 Last Revised: 23 Aug 2021
Peterson Institute, International Monetary Fund (IMF), Board of Governors of the Federal Reserve System, International Monetary Fund (IMF) and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 268 (242,696)

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14.

U.S. Unconventional Monetary Policy and Transmission to Emerging Market Economies

FRB International Finance Discussion Paper No. 1109
Number of pages: 49 Posted: 29 Jun 2014
David Bowman, Juan M. Londono and Horacio Sapriza
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 235 (276,662)
Citation 49

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unconventional monetary policy, emerging markets, large-scale asset purchase program, quantitative easing, Federal Reserve

15.

Sentiment in Central Banks' Financial Stability Reports

Number of pages: 46 Posted: 28 Dec 2017 Last Revised: 31 Mar 2020
Board of Governors of the Federal Reserve System, University of Michigan at Ann Arbor, Board of Governors of the Federal Reserve System and Cornell University
Downloads 218 (297,428)
Citation 24

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Financial stability, Central bank communications, Text analysis, Dictionary, Sentiment index

16.
Downloads 214 (302,714)
Citation 4

The Global Transmission of Real Economic Uncertainty

Number of pages: 52 Posted: 24 Jul 2023
Juan M. Londono, Sai Ma and Beth Anne Wilson
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 122 (492,335)

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Economic effects of uncertainty, International transmission, Spillove

The Global Transmission of Real Economic Uncertainty

International Finance Discussion Paper No. 1317
Number of pages: 41 Posted: 14 Jun 2021
Juan M. Londono, Sai Ma and Beth Anne Wilson
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 92 (605,986)
Citation 4

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17.

Sentiment in Central Banks' Financial Stability Reports

International Finance Discussion Paper No. 1203
Number of pages: 52 Posted: 26 Mar 2017 Last Revised: 07 Apr 2017
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 183 (350,128)
Citation 3

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Financial stability, central bank communications, Text analysis, Dictionary, Sentiment index

18.

The Unseen Cost of Inflation: Measuring Inflation Uncertainty and Its Economic Repercussions

Number of pages: 60 Posted: 06 Jun 2024
Juan M. Londono, Sai Ma and Beth Anne Wilson
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 175 (364,253)

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F44, F62, G01 Monetary policy, Monetary policy uncertainty, Investment, Econometric uncertainty measures

19.

King U.S. Dollar, Global Risks, and Currency Option Premiums

Number of pages: 51 Posted: 06 May 2022
Gurdip Bakshi and Juan M. Londono
Temple University-Fox School of Business and Board of Governors of the Federal Reserve System
Downloads 160 (395,880)

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dominant currency, currency put risk premium, currency volatility risk premium, carry trade

20.

Us Equity Tail Risk and Currency Risk Premia

FRB International Finance Discussion Paper No. 1253
Number of pages: 51 Posted: 22 Oct 2019 Last Revised: 29 Apr 2020
Zhenzhen Fan, Juan M. Londono and Xiao Xiao
Gordon S Lang School of Business and Economics, University of Guelph, Guelph, Canada - Department of Economics and Finance, Board of Governors of the Federal Reserve System and University of Cambridge - Cambridge Judge Business School
Downloads 149 (417,930)

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21.

Variance Risk Premium Components and International Stock Return Predictability

FRB International Finance Discussion Paper No. 1247
Number of pages: 75 Posted: 22 Oct 2019 Last Revised: 29 Apr 2020
Juan M. Londono and Nancy R. Xu
Board of Governors of the Federal Reserve System and Boston College, Carroll School of Management
Downloads 125 (480,795)
Citation 4

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Variance risk premium, downside variance risk premium, international stock markets, asymmetric state variables, stock return predictability

22.

The Price of Macroeconomic Uncertainty: Evidence from Daily Options

International Finance Discussion Paper No. 1376
Number of pages: 55 Posted: 06 Sep 2023
Juan M. Londono and Mehrdad Samadi
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 109 (533,449)

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variance risk, uncertainty, risk premium, macroeconomic releases, Federal Open Market Committee (FOMC), inflation, tail risk

23.

Generating Options-Implied Probability Densities to Understand Oil Market Events

FRB International Finance Discussion Paper No. 1122
Number of pages: 50 Posted: 31 May 2017
Deepa Datta, Juan M. Londono and Landon Ross
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Tulane University
Downloads 104 (552,367)
Citation 8

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Options-implied PDFs, futures, options, oil

24.

Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies

IMF Working Paper No. 17/56
Number of pages: 53 Posted: 12 May 2017
Peterson Institute, International Monetary Fund (IMF), Board of Governors of the Federal Reserve System, International Monetary Fund (IMF) and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 95 (587,501)
Citation 3

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Foreign exchange intervention, current account balance, unconventional monetary policy, quantitative easing, General, General

25.

Intending to Shop in Single versus Multi-Channels: A Theory of Planned Behaviour-Based Explanation

Number of pages: 39 Posted: 10 Oct 2015 Last Revised: 02 Mar 2016
Juan M. Londono
Board of Governors of the Federal Reserve System
Downloads 74 (681,250)

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Theory of Planned Behaviour, Multi-channel, Single Channel. Palabras Clave: Teoría del Comportamiento Pleaneado, Multi-Canal, Uni-Canal.

26.

Bank Interventions and Downside Correlation Risk Premium: Evidence from the Global and Euro-Area Crisis

FRB International Finance Discussion Paper No. 1117
Number of pages: 43 Posted: 29 Nov 2014 Last Revised: 23 Aug 2015
Juan M. Londono and Mary H. Tian
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 73 (686,536)

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Downside Correlation Risk Premium, Bank Interventions, Variance Risk Premium, European Banking Union

27.

On the Informational Role of Term Structure in the U.S. Monetary Policy Rule

Banco de Espana Working Paper No. 0919
Number of pages: 48 Posted: 18 Sep 2009
Jesus Vazquez, Ramón María-Dolores and Juan M. Londono
Universidad del Pais Vasco - Euskal Herriko Unibertsitatea, affiliation not provided to SSRN and Board of Governors of the Federal Reserve System
Downloads 54 (801,601)
Citation 39

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NKM model, term structure, monetary policy rule, indirect inference, real-time and revised data

28.

Bank Interventions and Options-Based Systemic Risk: Evidence from the Global and Euro-Area Crisis

FRB International Finance Discussion Paper No. 1117
Number of pages: 32 Posted: 31 May 2017
Juan M. Londono and Mary H. Tian
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 49 (838,926)

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Systemic Risk, Downside Correlation Risk Premium, Bank Interventions, Variance Risk Premium, European Banking Union

29.

The Global Transmission of Inflation Uncertainty

FEDS Notes No. 2025-01-16
Posted: 26 Feb 2025
Thomas H. Li, Juan M. Londono and Sai Ma
Independent, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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30.

Third Conference on the International Roles of the U.S. Dollar

FEDS Notes No. 2024-08-12
Posted: 29 Aug 2024
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Federal Reserve Banks - Federal Reserve Bank of New York

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31.

The Third SNB-FRB-BIS High-Level Conference on Global Risk, Uncertainty, and Volatility: Monetary Policy and Banking Regulation Under Elevated Uncertainty

FEDS Notes No. 2023-12-15-4
Posted: 16 Jan 2024
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

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32.

Global Inflation Uncertainty and its Economic Effects

FEDS Notes No. 2023-09-25
Posted: 16 Oct 2023
Juan M. Londono, Sai Ma and Beth Anne Wilson
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

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33.

2nd Annual International Roles of the U.S. Dollar Conference

FEDS Notes No. 2023-06-23-4
Posted: 29 Jun 2023
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York

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34.

The SNB-FRB-BIS High-Level Conference on Inflation Risk and Uncertainty

FEDS Notes No. 2023-01-03
Posted: 12 May 2023
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

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35.

Global Real Economic Uncertainty and COVID-19

FEDS Notes No. 2022-02-18-1
Posted: 24 Feb 2022
Ranie Lin, Juan M. Londono and Sai Ma
Rice University, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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36.

U.S. Unconventional Monetary Policy and Transmission to Emerging Market Economies

International Finance Discussion Paper No. 1109
Posted: 09 Jul 2021 Last Revised: 23 Aug 2021
David Bowman, Juan M. Londono and Horacio Sapriza
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

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Unconventional monetary policy, emerging markets, large-scale asset purchase programs, quantitative easing, Federal Reserve

37.

Central Banks' Financial Stability Communications during the COVID-19 Pandemic

FEDS Notes No. 2020-09-18-3 https://doi.org/10.17016/2380-7172.2741
Posted: 24 Sep 2020
Jerry Yang, Ricardo Correa and Juan M. Londono
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

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38.

Quantifying the Impact of Foreign Economic Uncertainty on the U.S. Economy

FEDS Notes No. 2019-10-08
Posted: 22 Oct 2019
Juan M. Londono, Sai Ma and Beth Anne Wilson
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

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