Raymond Hill joined Goizueta Business School in 2003 and teaches managerial economics and finance. Hill began his academic career by teaching economics at Princeton University, before leaving in 1982 to become an investment banker with Lehman Brothers. His work at Lehman included a seven year stay in Hong Kong as managing director of its investment banking business in Asia outside of Japan. Hill returned to his native Georgia in 1993 and worked for ten years at Mirant Corporation and its predecessor, a subsidiary of Southern Company. During that time he served as the company’s chief financial officer, except for an eighteen month stint as a CEO of one of the largest independent power companies in Asia, which was owned by Southern.
Hill earned his undergraduate degree at Princeton and his PhD in economics from MIT. He also studied at the Institut de Hautes Etudes Internationales in Geneva under the Fulbright Fellowship program.
Areas of Expertise (3)
Macroeconomic and Monetary Policy
Energy Economics and Finance
Massachusetts Institute of Technology: PhD, Economics 1978
Princeton University: BS, Economics 1969
In the News (4)
Why does the Federal Reserve alter our interest rates?
“The economy fluctuates,” says Ray Hill, Senior Lecturer in Finance at Emory’s Goizuetta Business School. “The Fed raises or lowers interest rates to keep it on track.”
States Use Big Tax Breaks To Lure Companies, But What's The Payoff?
90.1 WABE online
“We see these packages, and there’s very little transparency about them,” says Raymond Hill, a senior lecturer at Emory University’s Goizueta Business School. Hill says companies aren’t often held accountable to deliver on their promises. “We almost never see anyone monitoring to see whether they’ve created the jobs or done anything else to justify the tax benefits,” he says...
What Germans Know Could Help Bridge U.S. Workers' Skill Gap
Emory University economist Raymond Hill says America's go-to-college message, boosted by college financial aid policies, worked in the U.S. for a while as manufacturing went offshore. But higher wages in China and a U.S. energy boom have changed the manufacturing landscape as well as the kind of jobs available. Now, companies can't find workers with the right training, Hill says. "If you tell everybody, 'Get a college education; that gets you into the middle class. Doesn't matter what you major in, you just need that college degree.' Well, is it any surprise?" he says. "Now we see this manufacturing coming back to us, and that's what we have to get ourselves prepared for."...
Gwinnett chairwoman's SPLOST savings claim makes sense
Politifact Georgia online
Ray Hill, who teaches managerial economics and finance at Emory University, said the county’s claim is based on the assumption that Gwinnett would have borrowed that much money. Hill and Taylor didn’t see any glaring holes in the county’s calculations. "If the assumption was that, in any event, the county was going to spend an amount of money equal to the SPLOST revenues, it would be easy to get to an interest ‘saving’ figure of $1 billion," said Hill, who is an expert in financing large projects. "The potential interest rates look reasonable. If you assumed they issued a 20-year bond at the amounts listed, you could easily get interest payments that total $1 billion."...
The Massachusetts model of profit regulation in nonlife insurance: an appraisal and extensionsFair rate of return in property-liability insurance
1987 In the late 1970s, a number of economists applied the Capital Asset Pricing Model (CAPM) to the problem of pricing insurance contracts (eg, Munch and Smallwood 1978, Fairley, 1979, and Hill 1979). The CAPM offered a means of systematically accounting for ...
Profit regulation in property-liability insuranceThe Bell Journal of Economics
1979 There has been substantial interest in the question of how (and whether) to allow for investment income in setting rates for property-liability insurers. In a sense this interest is premature, since the fair (ie, competitive) total profit for an insurance firm has not been ...
Capital movements among major OECD countries: some preliminary resultsThe Journal of Finance
1971 This paper reports the preliminary results of a project aimed at developing an empirical model explaining capital flows among the major OECD countries. The work is based on the portfolio-equilibrium, stock-adjustment view of capital flows...