CV

CV (PDF)

Education:
PhD, Economics, University of Washington, June 2007
Dissertation Committee Chair: Charles R. Nelson
Computational Finance Certificate, University of Washington June 2007
MA, Economics, University of Washington, March 2006
BA, Economics, Nanjing University, China, June 2001

Current Positions:
Professor, Economics Department, Northeastern University, July 2020 – Present
Visiting Scholar, Economics Department, Harvard University, August 2023 – May 2024

Research Interests:
Macroeconomics, Financial Economics, International Finance, Applied Time Series Econometrics, Chinese Economy

Selected Publications: (see research page for a complete list and working papers)

Identifying Exchange Rate Effects and Spillovers of U.S. Monetary Policy Shocks in the Presence of Time-Varying Instrument Relevance, with Wenting Liao and Chengsi Zhang, Journal of Applied Econometrics, forthcoming.
International Housing Markets and the U.S. Subprime Crisis, with Shikong Luo, Journal of Money, Credit, and Banking, forthcoming.
Examining the Sources of Excess Return Predictability: Stochastic Volatility or Market Inefficiency? with Kevin Lansing and Stephen LeRoy, Journal of Economic Behavior & Organization, Vol. 197, May, 2022.
Real Exchange Rates and Economic Fundamentals: Evidence Based on a New Markov-STAR Model, with Philip Bertram, Philipp Sibbertsen, and Teresa Flock, Oxford Bulletin of Economics and Statistics, Vol. 84, April, 2022.
Is There a National Housing Market Bubble Brewing in the United States?, with Rangan Gupta, Konstantinos Theodoridis, and Mark E. Wohar. Macroeconomic Dynamics, forthcoming.
Dynamic Comovement Among Banks, Systemic Risk, and the Macroeconomy, with Pavel Kapinos and N. Kundan Kishor. Journal of Banking and Finance, Vol. 138, May, 2022.
The Predictive Power of Nelson-Siegel Factor Loadings for the Real Economy, with Yang Han and Anqi Jiao. Journal of Empirical Finance, Vol. 64, December, 2021.
Growth Cycles and Business Cycles of the Chinese Economy through the Lens of the Unobserved Components Model, with Yang Han, and Zehao Liu. China Economic Review, Vol. 63, October, 2020.
What Drives Commodity Returns? Market, Sector or Idiosyncratic Factors?, with Andrew Vivian and Mark E. Wohar. Oxford Bulletin of Economics and Statistics, Vol. 82, April, 2020.
Nonlinear Taylor Rules: Evidence from a Large Dataset, with Eric Olson and Mark E. Wohar, Studies in Nonlinear Dynamics and Econometrics, Vol. 22, February, 2018.
The Impact of EMU on Bond Yield Convergence: Evidence from a Time-Varying Dynamic Factor Model, with Vipul Bhatt and N. Kundan Kishor, Journal of Economic Dynamics and Control, Vol. 82, September, 2017.
Explaining Exchange Rate Anomalies in a Model with Taylor-rule Fundamentals and Consistent Expectations, with Kevin Lansing, Journal of International Money and Finance, Vol. 70, February, 2017.
Investigating United Kingdom's Monetary Policy with Macro Factor Augmented Dynamic Nelson-Siegel Models, with Jared Levant, Journal of Empirical Finance, Vol. 37, June, 2016.
Understanding Housing Market Volatility, with Joseph Fairchild and Shu Wu, Journal of Money, Credit, and Banking, Vol.47, No.7, October, 2015.
A Bayesian Analysis of Weak Identification in Stock Price Decomposition, with Nathan S. Balke and Mark E. Wohar, Macroeconomic Dynamics, 19, Issue 4, 2015.
An Unobserved Components Model That Yields Business and Medium-Run Cycles, with Mark E. Wohar, Journal of Money, Credit, and Banking, Vol.45, No. 7, October, 2013.
Portfolio Reallocation and Exchange Rate Dynamics, with Liang Ding, Journal of Banking and Finance, Vol.37, No. 8, 2665-3294, August, 2013.
The Contribution of Economic Fundamentals to Movements in Exchange Rates, with Nathan S. Balke and Mark E. Wohar, Journal of International Economics (Lead Article), Vol.90, Issue 1, May, 2013.
Long-Run Risk and Its Implications for the Equity Premium Puzzle: New Evidence from a Multivariate Framework, Journal of Money, Credit, and Banking, Vol.45, No.1, February, 2013.
Sources of the Great Moderation: A Time Series Analysis of GDP Subsectors, with Walter Enders, Journal of Economic Dynamics and Control, Vol. 35, January, 2011.
Spurious Inference in the GARCH(1,1) Model When It Is Weakly Identified, with Charles R. Nelson, Richard Startz, Studies in Nonlinear Dynamics and Econometrics (Lead Article), Vol. 11, No. 1, 2007.
The Characteristics of 'Club Convergence' of China's Economic Growth and Its Causes, with Kunrong Shen, Economic Research Journal (经济研究), No.1, January, 2002.

Past Visiting Positions:
Visiting Professor, School of Finance, Renmin University of China, May - June, 2019 - 2022
Visiting Professor, WISE, Xiamen University, June, 2018
Visiting Professor, School of Finance, Nanjing University of Finance and Economics, May - June, 2017 - 2019
Visiting Associate Professor, Durham University Business School, July, 2014
Visiting Professor, Department of Economics, Nanjing University, May - June, 2014
Guest Associate Professor, Department of Finance, University of Notre Dame, January - May, 2014
Visiting Associate Professor, Institute of Statistics, Leibniz University of Hannover, January, 2014
Visiting Associate Professor, CREATES, Aarhus University, January, 2014
Visiting Scholar, Norges Bank (Central Bank of Norway), October, 2012

Current Professional Service:
Editorial Board, Contemporary Economic Policy, May 2021 - Present
Member of Finance Committee, Chinese Economists Society, September 2020 - Present

Past Professional Service:
Dean's Leadership Fellow of Global Partnerships, College of Social Sciences and Humanities, July 2019 - June 2023
Director of MS Graduate Program, Department of Economics, July 2018 - June 2023
Member of Executive Committee & Treasurer, Society for Nonlinear Dynamics and Econometrics (SNDE), July 2013 - June 2019
Regent Chair, Chinese Economists Society, January 2018 - December 2018
President, Chinese Economists Society, September 2016 - August 2017
Editorial Board, Journal of Economics, Race, and Policy, September 2017 - 2020
Associate Editor, Multinational Finance Journal, October 2014 - December 2016
Board of Directors, Chinese Economists Society, September 2013 - June 2014

Consulting Activities:
Consultant, Barclays Investment Bank, October 2014 - March 2016

Scheduled Conference/Seminar:

2023: The 6th International Conference on Econometrics and Statistics (virtual participation), August

Past Conference/Seminar:

2023: The 4th International Symposium on Regional Integration and Financial Development, Liaoning
University, June (keynote speaker)
Department of Economics, University of California, Riverside, May
Tufts Fletcher School SURGE 15th China-US Symposium (Medford, MA), April
Chinese Economists Society North America Conference (Norman, OK), April
2021: Tufts Fletcher School SURGE 13th China-US Symposium, April
2020: American Economic Association Annual Meeting (San Diego, CA), January
2019: Workshop on Financial Markets and Monetary Policy from Global Perspectives, Renmin University of China School of Finance (Beijing, China), June, organizer and invited speaker
Chinese Economists Society President Forum (Dalian, China), June
Chinese Economists Society North America Conference (Lawrence, KS), April, invited speaker
Nonlinear Dynamics and Econometrics Annual Conference (Dallas, TX), March
MIT Sloan School of Management (Cambridge, MA), February
Department of Economics, Clark University (Worcester, MA), February
2018: Chinese Economists Society President Forum (Ningbo, China), June
Huangda-Mundell Lecture, Renmin University of China (Beijing, China), June
South China University of Technology (Guangdong, China), June
Society of Economic Measurement Annual Conference (Xiamen, China) June
Chinese Economists Society North America Conference (Athens, GA), April
Department of Economics, West Virginia University (Morgantown, WV), February
2017: Wesleyan University (Middletown, CT), November
Chinese Economists Society Annual Conference at Nanjing University (Nanjing, China), June
School of Finance, Nanjing Agricultural University (Nanjing, China), June
School of Business, Nanjing University (Nanjing, China), June
Nonlinear Dynamics and Econometrics Annual Conference (Paris, France), March
"Bubbles" conference of Laboratory for Aggregate Economic and Finance, UC Santa Barbara, February
Department of Economics, Northeastern University (Boston, MA), January
American Economic Association Annual Meeting (Chicago, IL), January
2016: Department of Mathematics, University of Alabama, November
New Normal of Chinese economy and Macro Financial Policy (Nanjing, China), October, keynote speaker
School of Business, Nanjing University (Nanjing, China) June
School of Economics, Nanjing Audit University (Nanjing, China), June
School of Finance, Nanjing University of Finance and Economics (Nanjing, China), June
Chinese Economists Society Annual Conference at Peking University HSBC School (Shenzhen, China), June
Chinese Economists Society North America Conference (Sacramento, CA), April
Nonlinear Dynamics and Econometrics Annual Conference (Tuscaloosa, AL), March
American Economic Association Annual Meeting (San Francisco, CA), January
2015: School of Economics, Victoria University of Wellington (Wellington, New Zealand), December
Department of Economics, Vanderbilt University (Nashville, TN), October
Nonlinear Dynamics and Econometrics Annual Conference (Oslo, Norway), March
Department of Economics, University of Oklahoma (Norman, OK), March
Department of Economics, University of Kansas (Lawrence, KS), February
2014: Southern Economic Association Annual Meeting (Atlanta, GA), November
Department of Economics, University of Wisconsin Milwaukee (Milwaukee, WI), October
Midwest Applied Time Series and Econometrics Group Meeting (La Crosse, WI), August
Durham University Business School (Durham, UK), July
Chinese Economists Society Annual Conference (Guangzhou, China), June
School of Business, Nanjing University (Nanjing, China), June
Nonlinear Dynamics and Econometrics Annual Conference (New York City), April
Department of Economics, Lehigh University (Bethlehem, PA), March
Midwest Economics Association Annual Conference (Evanston, IL), March
Chinese Economists Society North America Conference (West Lafayette, IN), March
Leibniz University of Hannover (Hannover, Germany), January
CREATES, Aarhus University, (Aarhus, Denmark), January
2013: Southern Finance Association Annual Conference (Fajardo, PR), November
Financial Management Association Annual Conference (Chicago, IL), October
Department of Economics, University of Kansas (Lawrence, KS), October
Expectations in Dynamic Macroeconomic Models Workshop (San Francisco Fed, CA), August
Computing in Economics and Finance Annual Conference (Vancouver, Canada), July
Nonlinear Dynamics and Econometrics Annual Conference (Milan, Italy), March
2012: Southern Economic Association Annual Conference (New Orleans, LA), November
Norges Bank (Oslo, Norway), October
Western Economic Association Annual Conference (San Francisco, CA), June
Conference in honor of Charles Nelson (Seattle, WA), June
Department of Economics, Virginia Tech (Blacksburg, VA), April
Applied Time Series Workshop at St. Louis Fed (St. Louis, MO), April
Nonlinear Dynamics and Econometrics Annual Conference (Istanbul, Turkey), April
Department of Economics, University of Washington (Seattle, WA), March
American Economic Association Annual Meeting (Chicago, IL), January
2011: Department of Economics, University of Nebraska (Omaha, NE), October
Midwest Econometrics Group Annual Meeting (Chicago, IL), October
Department of Economics, University of Houston (Houston, TX), October
NBER/NSF Time Series Annual Conference (East Lansing, MI), September
Durham-EJF Special Issue Conference on the Chinese Equity Market (Durham, UK), September
International Economic Association Sixteenth World Congress (Beijing, China), July
Nonlinear Dynamics and Econometrics Annual Conference (Washington DC), March
2010: Nonlinear Dynamics and Econometrics Annual Conference (Novara, Italy), March
Midwest Economics Association Annual Conference (Evanston, IL), March
Department of Economics, University of Kansas (Lawrence, KS), February
2009: NBER/NSF Time Series Annual Conference (Davis, CA)
Department Seminar, University of Alabama (Tuscaloosa, AL)
Western Economic Association Annual Conference (Vancouver, Canada)
Nonlinear Dynamics and Econometrics Annual Conference (Atlanta, GA)
2008: Southern Economic Association Annual Conference (Washington DC)
Midwest Econometrics Group Annual Conference (Lawrence,KS)
Nonlinear Dynamics and Econometrics Annual Conference (San Francisco, CA)
Midwest Economics Association Annual Conference (Chicago, IL)
Macro Brown Bag, University of Alabama (Tuscaloosa, AL)
2007: Midwest Econometrics Group Annual Conference(St. Louis, MO)
Macro Brown Bag, University of Alabama (Tuscaloosa, AL)
Paul Heyne Seminar, University of Washington (Seattle, WA)
Western Economic Association Annual Conference (Seattle, WA)
2006: NBER/NSF Time Series Annual Conference (Montreal, Canada)
Macro Brown Bag, University of Washington (Seattle, WA)
2005: Western Economic Association Annual Conference (San Francisco, CA)