Sebastian Hillenbrand

Sebastian Hillenbrand is an Instructor in Business Administration in the Finance Unit at Harvard Business School. He teaches the Finance I course in the MBA required curriculum.  

Sebastian’s research interests are in behavioral and institutional finance, macro-finance and monetary policy. His work has documented a striking relationship between the secular decline in interest rates and meetings by the Federal Reserve. He has also explored how beliefs of investors and institutional frictions can explain price fluctuations of financial assets. 

Sebastian is expected to receive a Ph.D. in Finance from NYU Stern School of Business in September 2022. He also holds an M.Sc. in Quantitative Finance from Vienna University of Business and Economics (Austria) and a B.Sc. in Industrial Engineering and Management from Karlsruhe Institute of Technology (Germany). He has worked in the financial industry prior to his Ph.D. studies.

Journal Articles

• Bailey, Michael, Abhinav Gupta, Sebastian Hillenbrand, Theresa Kuchler, Robert J. Richmond, and Johannes Stroebel. "International Trade and Social Connectedness." Journal of International Economics 129 (March 2021). View Details

Working Papers

• Blickle, Kristian, Quirin Fleckenstein, Sebastian Hillenbrand, and Anthony Saunders. "The Myth of the Lead Arranger’s Share." Working Paper, May 2020. View Details
• McCarthy, Odhrain, and Sebastian Hillenbrand. "Heterogeneous Investors and Stock Market Fluctuations." Working Paper, January 2022. View Details
• Fleckenstein, Quirin, Manasa Gopal, German Gutierrez, and Sebastian Hillenbrand. "Nonbank Lending and Credit Cyclicality." Working Paper, June 2021. View Details
• Hillenbrand, Sebastian. "The Fed and the Secular Decline in Interest Rates." Working Paper, January 2022. View Details

Additional Information

• Curriculum Vitae
• Personal Website