Eric Hillebrand

Staff portrait: Eric Hillebrand

Eric Hillebrand is a associate professor at the Department and is affiliated with CREATES.

How long have you been employed at the Department of Economics and Business?
Since January 2012.

What is your background?
I got my master's degrees in economics and in mathematics as well as a PhD in economics from the University of Bremen, Germany, all in the late nineties, early 2000s. After spending two years as a visiting researcher at the Department of Mathematics at Stanford University, I took a job as an assistant professor at the Department of Economics at Louisiana State University in Baton Rouge, Louisiana. After six years of tenure-track, I was promoted to associate professor in 2009. In 2011, I spent two months as a visiting researcher at CREATES, and it seemed like a good time to return to Europe, so that's what I did in 2012. 

What are your main areas of research?
I am specifically interested in the mathematical modeling of temporal dynamics in economics. So I like to think about modeling of stochastic processes for economic variables and about the statistical problems that this entails when taking these models to data. I have written about models for financial volatility, movie revenue (or more general revenues from innovations), foreign exchange intervention, the sub-prime crisis, and yield-curve modeling and forecasting. 

What research projects are you working on at the moment?
Currently I am interested in forecasting macroeconomic variables using yield-curve information in the state-space framework. I hope to gain insights into how forecasts of economic variables can be "supervised," which means that the predicting model is informed about the dynamics of the forecast target. Another topic that has recently stirred my interest is the modeling of climate data. 

What are you involved in teaching-wise at the moment?
I am teaching (together with colleagues) in 4616 Time Series Analysis, 5648/49 Financial Market Volatility, and 5647 Applied Time Series Analysis.

Are you planning to take part in any conferences or the like abroad in the near future?
Yes, I am looking forward to going to Florence for a conference on realized volatility in late June, and to Brazil in October.

Are you expecting any visiting researchers from abroad in the near future (or have you had any visitors from abroad recently)?
We had my coauthor Marcelo Medeiros from the Pontifical Catholic University in Rio de Janeiro visiting CREATES last year, and I am going to return the visit in October. I'm also organizing the seminar at CREATES, so there is a fairly steady stream of visitors coming through on a weekly basis, and then there are a number of international fellows who visit regularly. I am very much enjoying the vibrant international research environment at AU.

Are you cooperating with researchers from other departments at AU at the moment?
I am in research collaborations with people from inside the department, and I am also participating in research projects that involve the Departments of Mathematics at AU and at the University of Copenhagen.

What do you do when you are not at work?
I am a passionate SCUBA diver, and I dive both in Danish and in international waters when I get the chance. It took me a few months to adjust to the fact that the Aarhus Bugt does not have quite the same temperatures as the Gulf of Mexico, but I'm OK now.

Supplementary question from Anders Bredahl Kock: How low can you go? (when you dive)
I like to max out at around 30 meters.  It is possible to go to 40 meters with standard gear, but then time is short and one has to be extra careful.  So I like to leave some slack for stupid time, the occurrence of which is always a possibility...

Please give us your suggestion for the next department staff member to be presented:
Daniela Osterrieder

What specific supplementary question would you like him or her to answer?
If you could pick a salad dressing for the staff canteen, which one would it be?

 

 

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