教学和研究领域

• 教学课程：宏观经济学；中级宏观经济学；高级宏观经济学专题

• 研究领域：宏观经济学；货币政策；国际经济学；中国经济

---

主要论文及书籍

国际期刊论文

•Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism, with Qichun He, Yulei Luo, and Heng-fu Zou,Review of Economic Dynamics, 47, 346-372, 2023

•Ignorance, Uncertainty, and Strategic Asset Allocation,with Yulei Luo and Haijun Wang,Journal of Economic Theory,199:105204, 2022

•Forecasting US Economic Growth in Downturns Using Cross-Country Data, with Yifei Lyu and Shu-Kuei X. Yang,Economics Letters, 198, January 2021

•Ambiguity, Low Risk-Free Rates, and Consumption Inequality, with Yulei Luo and Eric R.Young,Economic Journal, 130 (632), 2649-2679, 2020

•Rational Inattention and the Dynamics of Consumption and Wealth in General Equilibrium, with Yulei Luo, Gaowang Wang, Eric R.Young,Journal of Economic Theory, 172, 55-87, 2017

•Elastic Attention, Risk Sharing, and International Comovements, with Wei Li and Yulei LuoJournal of Economic Dynamics and Control,79,1-20(Lead Article), 2017

• Slow Information Diffusion and the Inertial Behavior of Durable Consumption,with Yulei Luo and Eric R. Young,Journal of European Economic Association,13(5), 805-840, 2015

• Model Uncertainty and Intertemporal Tax Smoothing, with Yulei Luo and Eric R. YoungJournal of Economic Dynamics and Control, 45, 289-314, 2014

• Robust Control, Informational Frictions, and International Consumption Correlations, with Yulei Luo and Eric R. Young,European Economic Review,67,1-27(Lead Article), 2014

• Model Uncertainty, State Uncertainty, and State-space Models, with Yulei Luo and Eric R. Young,State-Space Models: Applications in Finance and Economics, Wu, Shu and Yong Zeng (eds.), 2013, Springer Press

• Robustness, Information-Processing Constraints, and the Current Account in Small Open Economies, with Yulei Luo and Eric R. Young,Journal of International Economics,2012, 88(1), 104-120

• Unemployment Insurance during a Pandemic,with Lei Fang and Zoe Xie, Federal Reserve Bank of Kansas City Working Paper 20-07under review

• On the Perverse Effect of Capital Account Liberalization: the Role of Labor Market Rigidity, with Qingyuan Du and Shang-Jin Wei, Federal Reserve Bank of Kansas City Working Paper 19-11,under review

• Forecasting Foreign Economic Growth Using Cross-Country Data, with Craig S. Hakkio, Federal Reserve Bank of Kansas City Working Paper 18-14

• Growth and Welfare Gains from Financial Integration under Model Uncertainty,with Yulei Luo and Eric R.Young, Federal Reserve Bank of Kansas City Working Paper 18-12under review

• Human Capital Dynamics and the U.S. Labor Market,with Lei Fang, Federal Reserve Bank of Kansas City Working Paper 13-10

• Wealth Distribution with State-Dependent Risk Aversion,with Rong-wei Chu and Bei Zhang, Federal Reserve Bank of Kansas City Working Paper 13-09under review

• Training or Search? Some Evidence and an Equilibrium Model,Federal Reserve Bank of Kansas City Working Paper 10-03

• Production and Inventory Dynamics under Ambiguity Aversion,with Yulei Luo, Xiaowen Wang, and Eric R. Young,Federal Reserve Bank of Kansas City Working Paper 21-05under review

• Spirit of Capitalism and Consumption Inequality,with Yulei Luo and Heng-fu Zou, Federal Reserve Bank of Kansas City Working Paper 21-17,under review

• Attention Allocation and Heterogenous Consumption Responses,with Yulei Luo and Penghui Yin,Federal Reserve Bank of Kansas City Working Paper 22-07

• Downward Wage Rigidity and Recession Dynamics in Advanced and Emerging Economies,with Johannes C. Matschke,Federal Reserve Bank of Kansas City Working Paper 22-10

• Ignorance and Household Finance: When the Expected Return is Unknown,with Yulei Luo and Chenchuan Shi, in progress

国内期刊论文

• “美国经济复苏与特朗普新政”，《清华金融评论》，2017年6月

• “中国经济增长是否到达了拐点？”《中国经济报告》，2018年第1期

• “如何判断宏观经济的走势”，《中国货币市场》，2017年第3期

• How did the 2018-19 US tariff hikes impact different households’ expenditures?,Economic Review,Fourth Quarter, 2021

• Spending Patterns and Cost of Living for Younger versus Older Households, with Akshat S. Gautam,Economic Review, First Quarter, 2020

• Forecasting Current-Quarter U.S. Exports Using Satellite Data, with Amy Oksol,Economic Review, Second Quarter, 2018

• Consumer Spending in China: The Past and the Future, with Andrew Palmer,Economic Review, Third Quarter, 2016

• Evaluating a Year of Oil Price Volatility, with Troy Davig, Nida Cakir Melek, A. Lee Smith, and Didem Tuzemen,Economic Review, Third Quarter, 2015, Federal Reverse Bank of Kansas City

• Implications of Recent U.S. Energy Trends for Trade Forecasts, with Craig S. Hakkio,Economic Review, Fourth Quarter, 2014, Federal Reverse Bank of Kansas City

• Economic Growth in Foreign Regions and U.S. Export Growth, with Lisa TaylorEconomic Review, Second Quarter 2013, page 31-68, Federal Reserve Bank of Kansas City

• Would Active Labor Market Policies Help Combat High U.S. Unemployment?Economic Review, Third Quarter 2011, pages 35-69, Federal Reserve Bank of Kansas City

• U.S. Exports and Foreign Economic Growth: Which Regions Matter Most?with Lisa Taylor,The Macro Bulletin, October 2013

• China's Slowing Housing Market and GDP Growth, with Guang-ye Cao,The Macro Bulletin, August 2014

• The Effect of the U.S. Energy Boom on the Trade Deficit, with Craig S. Hakkio,The Macro Bulletin, July 2015

• Evaluating a Year of Oil Price Volatility, with Troy Davig, Nida Cakir Melek, A. Lee Smith, and Didem Tuzemen,The Macro Bulletin, September 2015

• Global Capital Flows from China, with Nicholas Sly,The Macro Bulletin, September 2015

• Gauging the strength of Chinese GDP growth,The Macro Bulletin, March 2016

• Has China’s growth reached a turning point?The Macro Bulletin, August 2017

• What could resurging U.S. energy production mean for the U.S. trade deficit?, with Nida Cakir Melek,The Macro Bulletin, March 2018

• How much would China’s GDP respond to a slowdown in housing activity? with Thomas R. Cook and Aaron Smalter Hall,The Macro Bulletin, September, 2018

• Why is wage growth so slow?The Macro Bulletin, December, 2018

• Coronavirus Dampens China's First-Quarter GDP, with Yifei Lyu,Economic Bulletin, April, 2020.

• What Has Driven the Recent Increase in Retirements?with Shu-Kuei X.Yang,Economic Bulletin, April, 2020

科研项目

• “Short-Run and Long-Run Effect of Training in a Search Model with Human Capital” Institute for Employment Research (IAB), Federal Employment Agency (BA), Germany, June 2007 – May 2009, with Thomas J. Sargent

编审经历

近五年学术报告

• Federal Reserve Bank of Kansas City(2022),China International Macroeconomic Conference (2022), FRB System Macroeconomic Meetings (2021), FRB Brownbag Seminar (2021), China Meetings of Econometric Society (2021), International Conference on Computing in Economics and Finance (2021), Texas A&M (2020), Virtual East Asia Macroeconomic Seminar (2020), University of Nebraska Omaha (2020), Federal Reserve Bank of Kansas City (2020), NYU Economics Alumni Conference (2019), North America Chinese Economic Society (2019), University of Missouri-Columbus (2019), University of Connecticut (2019), Cheung Kong Graduate School of Business (2019), Wuhan University (2019), China International Macroeconomic Conference (2019), Shanghai Macroeconomics Workshop (2019), Zhejiang University (2019), Southwestern University of Finance and Economics (2019), Federal Reserve Bank of San Francisco (2018), Federal Reserve Board (2018), University of California at Santa Barbara (2018), North America Chinese Economic Society (2018), Hong Kong Monetary Authority (2018), China International Macroeconomic Conference (2018), Tsinghua University PBC School of Finance (2018), Chinese University of Hong Kong in Shenzhen (2018), Sargent Institute of Quantitative Economics and Finance (2018) , International Conference on Computing in Economics and Finance (2017), University of Hong Kong (2017), Peking University (2017), Fudan University (2017), Chinese University of Hong Kong in Shenzhen (2017), Zhongnan University of Economics and Law (2017), People’s Bank of China (2017), Northeastern Illinois University (2017)

学术论文审稿

• Journal of Economic Theory

• Journal of International Economics

• Journal of Econometrics

• Quantitative Economics

• Review of Economics and Statistics

• Journal of Economic Dynamics and Controls (Outstanding Contribution in Reviewing, awarded in March 2018)

• Journal of Banking and Finance

• Macroeconomic Dynamics

• Economic Letters

• China Economic Review

• BEJ Macro

• Journal of Statistical Software

• Annual of Economics and Finance