Wei Yang

Thomas L. Owens Associate Professor

Dean's Research Fellow: 2020-2022
Area: Economics & Finance
Phone: 757-221-4713
Email: [[m|wei.yang]]
Office: Miller Hall 3076

Biography

Wei Yang is an Associate Professor of Finance. He received his Ph.D. from Stanford University. He joins us from Indiana University where he was an Assistant Professor. Wei's teaching and research focus on leisure preferences of people, human capital returns, long-run risks of durable consumption and interest rate risk premiums.

CV

ExpandAll Expand

Ph.D. in Finance, Graduate School of Business, Stanford University, 2005.
Ph.D. in Electrical and Computer Engineering, Carnegie Mellon University, 2000.
B.S. in Physics, Peking University, 1994.

Associate Professor of Finance, Raymond A. Mason School of Business, William & Mary, 2021-present.
Assistant Professor of Finance, Raymond A. Mason School of Business, William & Mary, 2018-2021.
Assistant Professor of Finance, Kelley School of Business, Indiana University, 2012-2018.

"Business cycles, regime shifts, and predictability." Journal of Finance and Quantitative Analysis 58, 3058-3084, 2023. Presented at : China International Conference in Finance, 2012.
"General purpose technologies as systematic risk in global stock markets" (with Po-Hsuan Hsu and Hijun Wang). Journal of Money, Credit and Banking 54, 1141-1173, 2022 (lead article). Presented at: China International Conference in Finance, 2015; State of Indiana Conference, 2013.
"Leisure preferences, long-run risks, and human capital returns" (with Robert Dittmar and Francisco Palomino). Review of Asset Pricing Studies 6, 46-87, 2016. Presented at: American Finance Association Annual Meeting, 2015.
"Intertemporal substitution and equity premium." Review of Finance 20, 403-445, 2016.
"Household production and asset prices" (with Zhi Da and Hayong Yun). Management Science 62, 387-409, 2016. Presented at: HKUST Finance Symposium, 2012.
"Long-run risk in durable consumption." Journal of Financial Economics 102, 45-61, 2011. Presented at: American Finance Association Annual Meeting, 2010; Conference on Financial Economics and Accounting, 2009.
"Regime shifts in a dynamic term structure model of U.S. Treasury bond yields" (with Qiang Dai and Kenneth J. Singleton). Review of Financial Studies 20, 1669-1706, 2007. Presented at: Western Finance Association Annual Meeting, 2004.
"Market pricing of deposit insurance" (with Darrell Duffie, Robert Jarrow, and Amiyatosh Purnanandam). Journal of Financial Services Research 24, 93-119, 2003.

"OIS pricing with POMC meeting schedules and the dynamics of the OIS curve" (with Zhenyu Wang). Presented at: Midwest Finance Association Annual Meeting, 2020; Canadian Derivatives Institute 7th Conference on Derivatives, 2018; Finance Intermediation Research Society Conference, 2017; Western Finance Association Annual Meeting, 2017; European Finance Association Annual Meeting, 2017.
"OIS risk premiums" (with Zhenyu Wang). Presented at: China International Conference in Finance, 2019.

Midwest Finance Association Annual Meeting, 2020 (presentation and discussion).
China International Conference in Finance, 2019 (presentation and discussion).
Canadian Derivatives Institute 7th Conference On Derivatives, 2018.
University of Nevada Las Vegas
University of Oklahoma
William & Mary
Financial Intermediation Research Society Conference, 2017.
Western Finance Association Annual Meeting, 2017.
European Finance Association Annual Meeting, 2017.
Financial Management Association Annual Meeting, 2016 (discussion and session chair)
American Finance Association Annual Meeting, 2015.
China International Conference in Finance, 2012 (presentation and discussion), 2013. (discussion and session chair, and 2015.
State of Indiana Conference, 2013
Mitsui Finance Symposium, 2012 (discussion).
Federal Reserve Bank of Boston
Federal Reserve Board
University of Texas at Dallas
HKUST
University of Minnesota
Penn State University
SFS Cavalcade, 2011 (discussion).
Biennial McGill Global Asset Management Conference, 2011.
SUNY Buffalo
UIUC
Singapore Management University
National University of Singapore
Finance Down Under Conference, 2011.
University of Connecticut
University of Houston
University of Wisconsin at Madison
American Finance Association Annual Meeting, 2010.
Bank of Canada Conference, 2010 (discussion).
Conference on Financial Economics and Accounting, 2009 (presentation and discussion) and 2010.
CIREQ-CIRANO Financial Econometrics Conference, 2009 (discussion).
Econometric Society Annual Meeting 2009 (discussion).
NBER Asset Pricing Program Meeting, 2007.
UCLA
Washington University at St. Louis
UC Irvine
University of Toronto
University of Rochester
Georgia Institute of Technology
Western Finance Association Annual Meeting, 2004.

American Economic Review
Financial Research Letters
Journal of Banking and Finance
Journal of Business and Economics Statistics
Journal of Empirical Finance
Journal of Finance
Journal of Financial Economy
Journal of Financial and Quantitative Analysis
Journal of Financial Intermediation
Journal of Finance Research
Journal of Money, Credit and Banking
Journal of Risk and Insurance
Management Science
Review of Asset Pricing Studies
Review of Financial Studies

Applied Investment Management (graduate, quantitative) 2022-present. Evaluation: 4.43/5
Derivatives and Risk Management (undergraduate, quantitative) 2021-present. Evaluation: 4.53/5
Equity markets and portfolio management (undergraduate, quantitative) 2018-2021. Evaluation: 4.33/5
Finalist, Trustees Teaching Award, Kelley School of Business, 2016-2017.
Intermediate investments (undergraduate, quantitative) 2012-present. Evaluation: 6.29/7
Corporate finance (MBA, case-based) 2006-2012, Evaluation: 4.25/5
Fixed-income securities (MBA, quantitative) 2006-2012. Evaluation: 4.23/5

Anchor

Biography

Biography

CV

Topics

Education

Academic Appointments

Publications

Working Papers

Presentations and Discussions

Refereeing Activities

Teaching