Research Interests:
Macroeconomics, International Finance, Applied Time Series Econometrics
Research Papers:
• “Shadow Rates, Forward Guidance, and Unconventional Monetary Policy”
Media Coverage: Econbrowser
• “The Effects of Unconventional and Conventional U.S. Monetary Policy: The Role of Expected Inflation”, 2015
Media Coverage: Econbrowser
• “Interest Tax on Capital Inflows and Exchange Rate Stability”, 2014
• “Great Moderation in Europe: Impulse or Propagation?”, 2013
Publications:
• “Exchange Rate Prediction Redux: New Models, New Data, New Currencies", with Yin-Wong Cheung, Menzie D. Chinn, and Antonio Garcia Pascual, Journal of International Money and Finance.
Media Coverage: VoxEU, Econbrowser, Econbrowser
• “Uncovered Interest Parity and Monetary Policy Near and Far from the Zero Lower Bound”, with Menzie D. Chinn, Open Economies Review, 2018, 29(1): 1-30. (pdf)
Media Coverage: Econbrowser
• “Optimal Product Differentiation in a Circular Model", with Qiang Gong and Qihong Liu, Journal of Economics, 2016, 118(1): 1-34.
• “The Optimal Product Position Choice”, with Qiang Gong, China Economic Quarterly (in Chinese), January 2011, 10(2): 619-634.
Macroeconomics, International Finance, Applied Time Series Econometrics
Research Papers:
• “Shadow Rates, Forward Guidance, and Unconventional Monetary Policy”
Media Coverage: Econbrowser
• “The Effects of Unconventional and Conventional U.S. Monetary Policy: The Role of Expected Inflation”, 2015
Media Coverage: Econbrowser
• “Interest Tax on Capital Inflows and Exchange Rate Stability”, 2014
• “Great Moderation in Europe: Impulse or Propagation?”, 2013
Publications:
• “Exchange Rate Prediction Redux: New Models, New Data, New Currencies", with Yin-Wong Cheung, Menzie D. Chinn, and Antonio Garcia Pascual, Journal of International Money and Finance.
Media Coverage: VoxEU, Econbrowser, Econbrowser
• “Uncovered Interest Parity and Monetary Policy Near and Far from the Zero Lower Bound”, with Menzie D. Chinn, Open Economies Review, 2018, 29(1): 1-30. (pdf)
Media Coverage: Econbrowser
• “Optimal Product Differentiation in a Circular Model", with Qiang Gong and Qihong Liu, Journal of Economics, 2016, 118(1): 1-34.
• “The Optimal Product Position Choice”, with Qiang Gong, China Economic Quarterly (in Chinese), January 2011, 10(2): 619-634.