My research focuses on empirical finance, including portfolio selection and the effect of information on financial markets.
Jeffrey R. Gerlach is a senior financial economist. Prior to joining the Federal Reserve Bank of Richmond in 2011, Jeff was a professor at SKK Graduate School of Business in Seoul, South Korea, and the College of William & Mary. In 2007, he was an International Faculty Fellow at MIT, and, in 2004 and 2005, he taught economics courses at the Center for Economic Research and Graduate Education in Prague. Prior to completing a Ph.D. at Indiana University in 2001, he worked as a foreign service officer for the U.S. Department of State.
Ph.D., Indiana University, 2001
M.A., University of South Carolina, 1991
B.A., University of Notre Dame, 1989
“Measuring Altruism in a Public Goods Experiment: A Comparison of U.S. and Czech Subjects” (with Lisa R. Anderson and Francis J. DiTraglia). Journal of Experimental Economics 14, no. 3 (2011).
“International Sports and Investor Sentiment: Do National Team Matches Really Affect Stock Market Returns?” Applied Financial Economics 21, no. 12 (2011).
“Daylight and Investor Sentiment: A Second Look at Two Stock Market Anomalies.” Journal of Financial Research 33, no. 4 (Winter 2010).
“Who Chooses Annuities? An Experimental Investigation of the Role of Gender, Framing, and Defaults” (with Julie Agnew, Lisa Anderson, and Lisa Szykman). American Economic Review Papers and Proceedings 98, no. 2 (May 2008).
“Macroeconomic News and Stock Market Calendar and Weather Anomalies.” Journal of Financial Research 30, no. 2 (Summer 2007).
“Yes, Wall Street, There Is a January Effect! Evidence from Laboratory Auctions” (with Lisa R. Anderson and Francis J. DiTraglia). Journal of Behavioral Finance 8, no. 1 (April 2007).
“State-Dependent Stock Market Reactions to Monetary Policy” (with Troy Davig). International Journal of Central Banking (December 2006).
“Imperfect Information and Stock Market Volatility.” Financial Review 40, no. 2 (May 2005).
“Is the Opening Price Efficient? Evidence from After-Hours Earnings Announcements” (with Jae Ha Lee).
“Portfolio Selection: An Extreme Value Theory Approach” (with Francis DiTraglia).
“Political Risk and International Investors” (with Youngsuk Yook).
“Monetary Policy, the Bond Market, and Changes in FOMC Communications Policy” (with Troy Davig).