University of Southern California

Christopher Jones
Associate Professor of Finance and Business Economics

USC Marshall School of Business
Los Angeles, CA 90089-0804

PhD, Wharton School, University of Pennsylvania; BA, Pomona Collage


Christopher Jones conducts research on empirical asset pricing and financial econometrics. He is an expert on volatility modeling and its application to option pricing and fixed income. He currently teaches courses on investment management. Prior to USC, Professor Jones was on the faculty at the University of Rochester.


Jones, C. S., Pyun, S., and Wang, T. (2016) "Implied Variance and Market Index Reversal,".
Jones, C. S., and Mo, H. (2016) "Out-of-Sample Performance of Mutual Fund Predictors,".
Tuzel, S., and Jones, C. S. (2013) "Inventory Investment and the Cost of Capital," Journal of Financial Economics, 107, 557-579.
Jones, C. S., and Tuzel, S. (2013) "New Orders and Asset Prices," Review of Financial Studies, 26 (1), 115-157.
Jones, C. S., Collin-Dufresne, P., and Goldstein, B. (2009) "Can Interest Rate Volatility be Extracted from the Cross Section of Bond Yields? An Investigation of Unspanned Stochastic Volatility," Journal of Financial Economics, 94, 47-66.
Jones, C. S., Goldstein, R. S., and Collin-Dufresne, P. (2008) "Identification of Maximal Affine Term Structure Models," Journal of Finance, 61, 2325‐2363.
Jones, C. S. (2006) "A Nonlinear Factor Analysis of S&P 500 Index Option Returns," Journal of Finance, 41, 2325-2363 .
Jones, C. S., and Brandt, M. (2006) "Forecasting Volatility with Range-Based EGARCH Models," Journal of Business and Economic Statistics, 24, 470-486 .
Jones, C. S., and Shanken, J. (2005) "Mutual Fund Performance with Learning Across Funds," Journal of Financial Economics, 78, 507-552.
Jones, C. S. (2003) "Nonlinear Mean Reversion in the Short-Term Interest Rate," Review of Financial Studies, 16, 793-843.
Jones, C. S. (2003) "The Dynamics of Stochastic Volatility: Evidence from Underlying and Options Markets," Journal of Econometrics 116 pp. 181-224.
Jones, C. S. (2001) "Extracting Factors from Heteroskedastic Asset Returns," Journal of Financial Economics, 62, 293-325.
Jones, C. S., Hess, G., and Porter, R. (1998) "The Predictive Failure of the Baba, Hendry, and Starr Model of M1," Journal of Economics and Business, 50, 477-507.
Jones, C. S. (1994) "The Interest Sensitivity of Wealth in the life Cycle Model," Economics Letters, 46, 321-325.