授课教师 清华大学五道口金融学院紫光讲席教授 周皓 Monetary Policy and Financial Stability

Primary Employment
2013- Unigroup Chair Professor, PBC School of Finance, Tsinghua University, China
Deputy Head, National Institute of Financial Research
Director, Monetary Policy & Financial Stability Research Center
2006-2013 Senior Economist, Risk Analysis Section, Federal Reserve Board
2000-2006 Economist, Trading Risk Analysis Section, Federal Reserve Board
1999-2000 Lecture, Department of Economics, Duke University


Education Background
PhD Department of Economics, Duke University, May 2000
MA Guanghua School of Management, Peking University, June 1993
BA Department of International Economics, Peking University, July 1989
Major: Financial Economics and Econometrics
Advisors: Ravi Bansal (co-chair), Tim Bollerslev, and George Tauchen (co-chair)


Recent Refereed Journal
1. “Risk, Uncertainty, and Expected Returns,” with Turan Bali, Journal of Financial and
Quantitative Analysis, forthcoming, 2014.
2. “Stock Return and Cash Flow Predictability: the Role of Volatility Risk,” with Tim
Bollerslev and Lai Xu, Journal of Econometrics, forthcoming, 2014.
3. “Predicting Stock Returns with Variance Risk Premia: Statistical Inference and
International Evidence,” with Tim Bollerslev, James Marrone, and Lai Xu, Journal of
Financial and Quantitative Analysis, forthcoming, 2014.
4. “Credit Default Swap Spreads and Variance Risk Premia,” with Hao Wang and Yi Zhou,
Journal of Banking and Finance, vol. 37, pages 3733-3746, 2013.