John B. and Lillian E. Neff College of Business and Innovation

Fordham University, New York, 1999
Doctor of Philosophy (PhD)

Fordham University, New York, 1996
Master of Arts

Oregon State University, Corvallis, 1994
Bachelor of Arts (Political Science & History),

• What Difference Do Dividends Make?
• The equilibrium level and forecasting performance of nominal effective exchange rate indexes using an export and import price-based relative PPP model
• An examination of the forward prediction error of U.S. dollar exchange rates and how they are related to bid-ask spreads, purchasing power parity disequilibria, and forward premium asymmetry
• Asymmetric and cross-sectional effects of inflation on stock returns under varying monetary conditions
• Euro conversion and return dynamics of European financial markets: a frequency domain approach
• Forward premium anomaly of the British pound and the euro
• Investigating the PPP hypothesis using constructed U.S. dollar equilibrium exchange rate misalignments over the post-bretton woods period
• Long-term reactions to large stock price declines and increases in the European stock market: a note on market efficiency
• Return and Volatility Transmission in U.S. Housing Markets
• The Role of Industry Effects in Simultaneous Reversal and Momentum Patterns in One-month Stock Returns

1. Grossmann, Axel, Marc W. Simpson, and Teofilo Ozuna, Forthcoming. “Investigating the Validity of the PPP Hypothesis Using Constructed U.S. Dollar Equilibrium Exchange Rate Misalignments over the Post-Bretton Woods Period.” Journal of Economics and Finance. (R, AR)
2. Simpson, Marc W., and Sanjay Ramchander, 2012. “Asymmetric and Cross-sectional Effects of Inflation on Stock Returns under Varying Monetary Conditions.” Applied Financial Economics, 22: 285-298. (R, AR)
3. Simpson , Marc W., Jose F. Moreno, and Teofilo Ozuna, 2011. “The makings of an information leader: The intraday price discovery process for individual stocks in the DJIA.” Review of Quantitative Finance and Accounting, 38: 347-365. (R, AR)
4. Grossmann, Axel, Emiliano Giudici, and Marc W. Simpson. 2011. “Euro Conversion and Return Dynamics of European Financial Markets: A Frequency Domain Approach.” Journal of Economics and Finance. (R, AR)
5. Miao, Hong, Sanjay Ramchander, and Marc W. Simpson. 2011. “Return and Volatility Transmission in U.S. Housing Markets.” Real Estate Economics, 39: 701- 741. (R, AR) 6
6. Himmelmann, Achim, Dirk Schiereck, Marc W. Simpson, and Moritz Zschoche., 2011. “Long-term Reactions to Large Stock Price Declines and Increases in the European Stock Market: A Note on Market Efficiency.” Journal of Economics and Finance, 36: 400-423. (R, AR)
7. Grossmann, Axel and Marc W. Simpson, 2011. “Predictability of the U.S. Dollar Index Using a U.S. Export and Import Price Index-Based Relative PPP Model” Journal of Economics and Finance, 2011 35:417-433. (R, AR)
8. Grossmann, Axel, and Marc W. Simpson, 2010. “Forecasting the Yen/U.S. Dollar Exchange Rate: Empirical Evidence from a Capital Enhanced PPP-based Model.” Journal of Asian Economics, 21: 476-484. (R, AR)
9. Mietzner, Mark, Dirk Schiereck, and Marc W. Simpson, 2010. “Barbarians in the Bank? State Fund Investments in the Financial Services Industry.” International Journal of Finance, (R, AR)
10. Simpson, Marc W., and Axel Grossmann, 2010. "Can a Relative Purchasing Power Parity-based Model Outperform a Random Walk in Forecasting Short-term Exchange Rates?" International Journal of Finance and Economics, 16: 375-392. (R, AR)
11. Ramchander, Sanjay, Marc W. Simpson, and James Webb, 2010. “Political Cycles, Partisan Orientation, Gridlock and REIT Returns” Journal of Real Estate Portfolio Management, 15: 115-128. (R, AR)
12. Simpson, Marc W., John Emery, and Jose F. Moreno, 2010. “Overreaction and Underreaction to REIT Dividend Announcements and the Role of Monetary Policy” Journal of Real Estate Portfolio Management, 15:289-298. (R, AR)
13. Luisa Müller, Dirk Schiereck, Marc W. Simpson, and Christian Voigt, 2009. “Daylight Savings Effect” Journal of Multinational Financial Management, 19: 127- 138. (R, AR)
14. Axel Grossmann, Marc W. Simpson, and Cynthia Brown, 2009 “The Impact of Deviation from Relative Purchasing Power Parity Equilibrium on US Foreign Direct Investment.” Quarterly Review of Economics and Finance, 49: 521-550. (R, AR)