Motohiro Yogo is a monetary advisor at the Federal Reserve Bank of Minneapolis. He is also an adjunct research associate professor of economics at the University of Minnesota, where he advises Ph.D. students. He was formerly an assistant professor of finance at the Wharton School of the University of Pennsylvania and a visiting assistant professor of economics at Princeton University. He earned an A.B. from Princeton University in 2000 and a Ph.D. from Harvard University in 2004, both in economics.
His fields of expertise are financial economics and econometrics. His recent work is on life insurers’ use of captive reinsurance to increase off-balance-sheet leverage and the impact of financial and regulatory frictions on the supply of insurance. He has previously worked on the life-cycle demand for insurance, stocks, and housing; the relation between business cycles and asset prices; forecasting movements in stock, bond, commodity, and currency markets; and weak identification in the instrumental variables regression model.
His research has appeared in the leading economics and finance journals such as American Economic Review, Journal of Political Economy, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. His research has been covered by The Economist, Financial Times, and The Wall Street Journal. He was awarded the Zellner Thesis Award in Business and Economic Statistics by the American Statistical Association in 2005.