Sergio Rebelo is the MUFG Bank Distinguished Professor of International Finance at the Kellogg School of Management, where he has served as Chair of the Finance Department.

Professor Rebelo does research on macroeconomics and international finance. He has studied the causes of business cycles, the impact of economic policy on economic growth, and the sources of exchange rate fluctuations. His research has been funded by the National Science Foundation, the World Bank, the Sloan Foundation, and the Olin Foundation.

He is a fellow of the Econometric Society, the National Bureau of Economic Research, and the Center for Economic Policy Research. He has been a member of the editorial board of various academic journals, including the American Economic Review, the European Economic Review, the Journal of Monetary Economics, and the Journal of Economic Growth.

He has won numerous teaching awards at the Kellogg School of Management, including the Executive Masters Program Outstanding Professor Award and the Professor of the Year Award.

Professor Rebelo has served as a consultant to the World Bank, the International Monetary Fund, the Board of Governors of the Federal Reserve System, the European Central Bank, the European Commission, the McKinsey Global Institute, the Global Markets Institute at Goldman Sachs, and other organizations. He received his Ph.D. in Economics from the University of Rochester.

Business cycles, economic growth, exchange rates

• PhD, 1989, Economics, University of Rochester
• MA, 1987, Economics, University of Rochester
• MS, 1985, Operations Research, Technical University of Lisbon
• Licenciatura, 1981, Economics, Portuguese Catholic University

• Tokai Bank Distinguished Professor of International Finance, Kellogg School of Management, Northwestern University
• Chair of Finance Department, Kellogg School of Management, Northwestern University, 8/31/2002
• Associate Professor, University of Rochester, 8/31/1997
• Director, Portuguese Catholic University, 8/31/1992
• Associate Professor of Finance, Kellogg School of Management, Northwestern University, 8/31/1992
• Director, Portuguese Catholic University, 8/31/1992
• Assistant Professor, Portuguese Catholic University, 8/31/1992
• Research Coordinator, Bank of Portugal, 8/31/1992
• Assistant Professor of Finance, Kellogg School of Management, Northwestern University, 8/31/1991
• Instructor, Portuguese Catholic University, 8/31/1984

• Martin E. and Gertrude G. Walder Award for Research Excellence, Northwestern University
• 35 Executive MBA Program Outstanding Teaching Awards, Kellogg School of Management
• Northwestern University's Martin E. and Gertrude G. Walder Award for Research Excellence, 2012
• Sidney J. Levy Teaching Award, Kellogg School of Management, 2010-2011, 2008-2009, 2006-2007, 2003-2004
• Faculty Impact Award, Section 61, 2010-2011
• Science Prize, Gulbenkian Foundation , 2008
• Best alumnus award ("Premio Carreira"), Portuguese Catholic University , 2007
• Kellogg Alumni Professor of the Year Award, Kellogg School of Management, 2007
• L. G. Lavengood Outstanding Professor of the Year Award, 2007
• Best alumnus award (Pr, Portuguese Catholic University , 2007
• EMP 70 Outstanding Professor Award, 2007-2008
• Order of Santiago da Espada (Grand Oficial) granted by President of Portugal, 2006
• National Science Foundation Grants: SBR-9511916 (1995-98) and SES-0137063 (2002-05), and SES-0721321 (2007-2009)
• Olin Fellowship, National Bureau of Economic Research, 1992-1993
• Alfred P. Sloan Doctoral Dissertation Fellowship, 1987-88
• 18 Times Winner of Executive Masters Program Outstanding Professor Award
• Doctoral Fellowship, National Institute for Scientific Research, 1984-87
• Olin Fellowship, National Bureau of Economic Research, 1984-87
• Executive Masters Program Outstanding Professor Award, Kellogg School of Business and Management
• University of Rochester Fellowship, 1984-87
• W. Allen Wallis Fellowship, 1986-87

• Associate Editor, Journal of Monetary Economics, 1995-Present
• Advisory Board, Carnegie-Rochester Conference on Public Policy, 1992-1994
• Associate Editor, Journal of the European Economic Association, 2003-2004
• Associate Editor, Journal of Economic Growth, 1997-2004
• Associate Editor, American Economic Review, 1995-2001
• Associate Editor, European Economic Review, 1995-1998

Macroeconomics, international finance

Corporate Finance

Learn how you can create greater shareholder value by valuing investments more accurately, making more informed financial decisions and designing a more consistent, cohesive corporate investment and finance strategy.

Enterprise Leadership Program

Leadership at the enterprise level means rising to the challenge. No longer is your growth linear — it’s exponential. The focus moves past the single team or unit to the enterprise as a whole, beyond functional skills to strategic decisions based on a broader perspective. Kellogg Executive Education’s Enterprise Leadership Program prepares you to lead at height and scale and helps you develop an anticipatory mindset.

Merger Week

Our M&A experts will show you how to evaluate mergers and acquisitions from all angles — from strategy and financing to alliances and integration — and then use an M&A process that generates the greatest value from any restructuring deal.

Private Equity

Participants in this highly interactive program, master the processes and tools required to unleash the potential in individuals, energize their teams, and empower people to achieve consistently higher levels of performance and deliver better bottom-line results.

The PHYSICIAN CEO™ Program
The PHYSICIAN CEO™ Series
Women's Senior Leadership Program

Kellogg created this special leadership program for women executives to equip top women talent to break through the barriers that have historically impeded their career development and empower them to take their place at the highest levels of corporate leadership.

Strategic Brand Management (MKTGX-473-0)
The course aims to help you understand the role of branding and brand management, sharpen your skills in identifying and solving brand-related problems, and facilitate your ability to develop actionable brand management strategies. The course builds on the knowledge gained from the marketing management and marketing strategy courses to focus on developing successful strategies for building strong brands.

International Finance (FINCX-470-0)
"Managing an international business or one exposed to global competition requires an understanding of international financial instruments, markets and institutions. This course seeks to provide you with a working knowledge of these issues. The topics we cover include: the nature of foreign exchange risk, the determination of exchange rates and interest rates, the management of foreign exchange risk with forwards and options, exchange rate forecasting, the evaluation of international investments, currency speculation, the impact of monetary policy on exchange rates, and current developments in the international financial system. Hybrid Courses: Kellogg’s hybrid courses combine the convenience and flexibility of online learning with the social and instructional benefits of face-to-face classroom experiences. Students engage in online interactive instruction and guided practice, freeing up valuable in-person class time for in-depth case study discussions, collaborative problem solving, and student-driven question and answer sessions. The hybrid courses have the added benefit of exposing students to media-enriched, documentary- style lectures that capture the expertise and stories of the renowned Kellogg faculty members who designed them. These courses will also deepen global connectivity by allowing students to participate in a portion of the coursework from the location of their choosing prior to arriving on campus. Format and Schedule: The hybrid courses will comprise both online and on-campus components. Each course will have approximately nine hours of face-to-face instruction over three days on-campus. The online portion of the course will be available to students in the weeks preceding (precise timing to be determined) and students could complete this content at a time of their choosing before the on-campus sessions. In other words there is no synchronous online content. The content will be housed within Canvas. Each course will be worth 1 unit. If students participate in these courses, they must take both not just one."

The World Economy (FINCX-452-0)
The world economy is undergoing a period of very rapid change. Understanding this change is essential to make sound investment decisions that position companies for future profitability. In this course we study the most important business regions in the world, including the U.S., Europe, Japan, China, India, Russia, Eastern Europe, Latin America, and Africa. The goal of this course is to provide students with a working knowledge of the economic drivers, challenges and opportunities that are present in these regions. The course also discusses the performance of equity and bond markets in different countries and the economic forces underlying oil and other commodity markets.

International Finance (FINC-470-0)
Managing a business exposed to global competition requires understanding some essential concepts in International Finance. The goal of the course is to provide you with an important set of skills that you can use every day in your management career. These skills include: valuing international businesses, comparing financing in different currencies, and managing risk. Pedagogy: the course is designed to build practical skills. The evaluation is based on two group assignments and a series of short quizzes. Most quizzes can be retaken multiple times so that students can master the concepts discussed in the course.