Detail

Professor Hodrick teaches both fundamental and advanced courses in international finance. His expertise is in the valuation of financial assets. His current research explores the empirical implications of theoretical pricing models that generate time-varying risk premiums in the markets for bonds, equities and foreign currencies. He is also a research associate of the National Bureau of Economic Research.

• Best Advisor for 2000
  Awarded by the Ph.D. students of the Columbia Economics Department
• 2nd Place, 2000 International Investment Forum Academic Competition
  
• June 2000-June 2003 National Science Foundation Grant
  National Science Foundation Grant #SES-0082352, "Empirical Asset Pricing"
• 1997 Chazen International Innovation Prize
  Columbia Business School
• April 1994 - Dr. Roger F. Murray Prize
  The Institute for Quantitative Research in Finance

• Spring 2012
  (PhD) Seminar in International Finance (PHD)
  Advanced International Corporate Finance (MBA)
  
• Spring 2011
  International Financial Management (MBA)
  
• Fall 2011
  (PhD) Intro to Econometrics (PHD)
  Advanced International Corporate Finance (MBA)
  
• Spring 2010
  International Financial Management (MBA)
  
• Fall 2010
  (PhD) Seminar in International Finance (PHD)
  
• Spring 2009
  (PhD) Empirical Asset Pricing II (PHD)
  International Financial Management (MBA)
  
• Fall 2009
  (PhD) Asset Pricing I (PHD)
  

Risk Averse Speculation in the Forward Foreign Exchange Market: An Econometric Analysis of Linear Models In Exchange Rates and International Macroeconomics (1983)
Author(s): Lars Hansen, Robert Hodrick

Aggregate Idiosyncratic Volatility In Journal of Financial and Quantitative Analysis (2012)
Author(s): Geert Bekaert, Robert Hodrick, Xiaoyan Zhang

International Stock Return Comovements In Journal of Finance (2009)
Author(s): Geert Bekaert, Robert Hodrick, Xiaoyan Zhang

High idiosyncratic volatility and low returns: International and further U.S. evidence In Journal of Financial Economics (2009)
Author(s): Andrew Ang, Robert Hodrick, Yuhang Xing, Xiaoyan Zhang

The Cross Section of Volatility and Expected Returns In Journal of Finance (2006)
Author(s): Andrew Ang, Robert Hodrick, Yuhang Xing, Xiaoyan Zhang

Do We Need Multi-Country Models to Explain Exchange Rate and Interest Rate and Bond Return Dynamics? In Journal of Economic Dynamics and Control (2002)
Author(s): Robert Hodrick

Evaluating the Specification Errors of Asset Pricing Models In Journal of Financial Economics (2001)
Author(s): Robert Hodrick, Xiaoyan Zhang

'Peso Problem' Explanations for Term Structure Anomalies In Journal of Monetary Economics (2001)
Author(s): Geert Bekaert, Robert Hodrick, David Marshall

Expectations Hypotheses Tests In Journal of Finance (2001)
Author(s): Geert Bekaert, Robert Hodrick

An International Dynamic Asset Pricing Model In International Tax and Public Finance (1999)
Author(s): Robert Hodrick, David Ng, Paul Sengmueller

On Biases in Tests of the Expectations Hypothesis of the Term Structure of Interest Rates In Journal of Financial Economics (1997)
Author(s): Geert Bekaert, Robert Hodrick, David Marshall

Postwar U.S. Business Cycles: An Empirical Investigation In Journal of Money, Credit, and Banking (1997)
Author(s): Robert Hodrick, Edward Prescott

The Implications of First-Order Risk Aversion for Asset Market Risk Premiums In Journal of Monetary Economics (1997)
Author(s): Geert Bekaert, Robert Hodrick, David Marshall

On Biases in the Measurement of Foreign Exchange Risk Premiums In Journal of International Money and Finance (1993)
Author(s): Geert Bekaert, Robert Hodrick

Characterizing Predictable Components in Excess Returns on Equity and Foreign Exchange Markets In Journal of Finance (1992)
Author(s): Geert Bekaert, Robert Hodrick

Dividend Yields and Expected Stock Returns: Alternative Procedures for Inference and Measurement In Review of Financial Studies (1992)
Author(s): Robert Hodrick

The Variability of Velocity in Cash-in-Advance Models In Journal of Political Economy (1991)
Author(s): Robert Hodrick, Narayana Kocherlakota, Deborah Lucas

Risk, Uncertainty, and Exchange Rates In Journal of Monetary Economics (1989)
Author(s): Robert Hodrick

Asset Price Volatility, Bubbles, and Process Switching In Journal of Finance (1986)
Author(s): Robert Flood, Robert Hodrick

Optimal Price and Inventory Adjustment in an Open-Economy Model of the Business Cycle In Quarterly Journal of Economics (1985)
Author(s): Robert Flood, Robert Hodrick

Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis In Journal of Political Economy (1980)
Author(s): Lars Hansen, Robert Hodrick

International Financial Management (2012)
Author(s): Geert Bekaert, Robert Hodrick

International Financial Management (2008)
Author(s): Geert Bekaert, Robert Hodrick

The Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets: Volume 24 in Fundamentals of Pure and Applied Economics (1987)
Author(s): Robert Hodrick, Hugo Sonnenschein

Estimating the Conditional CAPM with Overlapping Data Inference (2013)
Author(s): Esben Hedegarrd, Robert Hodrick