Faculty & Research
Full-time Faculty

Hao Zhou


Hao Zhou is the Unigroup Chair Professor and Associate Dean at the PBC School of Finance; also the director of Monetary Policy and Financial Stability Research Center and the Deputy Chairman of Tsinghua University National Institute of Financial Research. Before 2013, he was a senior economist the Federal Reserve Board, supervising systemically important financial institution and conducting macroprudential regulation policy. Hao was visiting professors at MIT and Peking University. He received a PhD degree in economics from Duke University in 2000 and BA and MA degrees in economics from Peking University.

Hao’s research agenda covers the areas of consumption-based asset pricing models with stochastic volatility, structural credit risk models and credit derivatives market, financial market volatility and return predictability, dynamic model of term structure of interest rate, realized jumps on financial market, currency risk premium dynamics, systemic risk of financial institutions, Chinese financial system and reforms. He has published in Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and other leading economics and finance journals.

His research has been recognized by numerous academic and professional best paper awards, including China Financial Research Conference, CFA Institute, China International Conference in Finance, Crowell Memorial Prize of PanAgora Asset Management Inc., Chicago Quantitative Alliance (CQA), BankScope Prize of Australasian Finance and Banking Conference, among others. Hao was given the Best Teaching and Mentoring Award for graduate students by Tsinghua University.


>Tsinghua National Institute of Financial Research