2007年博士毕业

至今在经济学一流匿名期刊已经有7篇发表，还有五六篇处于审稿状态，另有工作论文10几篇。

国内出去读博士的有五分之一这样，中国就是真正的学术大国了。

Publication

1.
Understanding the Effects of Technology Shocks (with Yi Wen), ABSTRACT, Forthcoming: Review of Economic Dynamics.
2. Understanding Expectation-Driven Fluctuations-A Labor-Market Approach, ABSTRACT,
Forthcoming : Journal of Money, Credit, and Banking.
3. Volatility, Growth, and Welfare (with Yi Wen), ABSTRACT, Forthcoming : Journal of Economic Dynamics and Control.
4. Imperfect Competition and Indeterminacy of Aggregate Output (with Yi Wen), ABSTRACT, Journal of Economic Theory, November 2008, 143(1), pp. 519-40.
5. Inflation Dynamics: A Cross-Country Investigation (With Yi Wen), ABSTRACT, Journal of Monetary Economics, October 2007, 54, pp. 2004-31.
6. Another Look at Sticky Prices and Output Persistence (With Yi Wen), ABSTRACT, Journal of Economic Dynamics and Control, December 2006, 30(12), pp. 2533-52.

7. Endogenous Money or Sticky Prices? Comment on Monetary Non-Neutrality and Inflation Dynamics (with Yi Wen), ABSTRACT, Journal of Economic Dynamics and Control, August 2005, 29(8), pp. 1361-83.

Paper Under Revision
1. Do Credit Constraints Amplify Macroeconomic Fluctuations? (With Zheng Liu and Tao Zha), ABSTRACT, Under Revision for Econometrica.
2. Speculative bubbles and Financial Crisis (with Yi Wen), ABSTRACT, Under Revision for AEJ: Macro
3. Hayashi Meets Kiyotaki and Moore: A Theory of Capital Adjustment Costs (with Yi Wen), ABSTRACT, Under Revision for Review of Economic Dynamics.
4.
Incomplete Information and Self-fulfilling Prophecies (with Yi Wen), ABSTRACT, Under Revision for Journal of Money, Credit and Banking.



“A Theory of Housing Demand Shocks” (with Pengfei Wang and Tao Zha)

• “• “Credit Frictions in a Production Economy with Heterogeneous Agents” (with Pengfei Wang and Tao Zha).

http://www.nber.org/papers/w17045


Land-price dynamics and macroeconomic fluctuations

Use a mirror


   (316 K)

  Zheng Liu, Pengfei Wang, Tao Zha
NBER Working Paper No. 17045
Issued in May 2011
NBER Program(s):   EFG   ME


We argue that positive co-movements between land prices and business investment are a driving force behind the broad impact of land-price dynamics on the macroeconomy. We develop an economic mechanism that captures the co-movements by incorporating two key features into a DSGE model: We introduce land as a collateral asset in firms' credit constraints and we identify a shock that drives most of the observed fluctuations in land prices. Our estimates imply that these two features combine to generate an empirically important mechanism that amplifies and propagates macroeconomic fluctuations through the joint dynamics of land prices and business investment.


This paper is available as PDF (316 K) or via email.

“Do Credit Constraints Amplify Macroeconomic Fluctuations?” (with Pengfei Wang and Tao Zha), Federal Reserve Bank of San Francisco Working Paper 2009-28, December 2009. Revision and resubmission requested (Econometrica).

http://www.frbatlanta.org/documents/pubs/wp/wp1001.pdf

厉害，本科和硕士在国内读的，博士要是在国内念的不知怎么样？