2014- Associate Professor (Tenured), Tsinghua University

2014-2020 Associate Professor, Tsinghua University

2014-2016 Assistant Professor, the Chinese University of Hong Kong

2008-2014 Assistant Professor, Tsinghua University

For undergraduate: Monetary Economics

For graduate: International Finance; Advanced Macroeconomics; Open Macroeconomics

International Macroeconomics, Monetary Economics, Chinese Economy

Journal Articles:

1. “A two-pronged approach to currency internationalization,” (with Wenlan Luo and Jiatong Niu), Journal of International Economics, Volume 162, August 2026, pp. 104309.

2. “From trade reform to trade war: a quantitative analysis of China's current account,”(with Junjie Tang, Kang Shi and Juanyi Xu), Journal of Economic Dynamics and Control, Volume 186, February 2026, pp. 105299.

3. “Monetary Policy in China: High-frequency Shocks and the Signaling Effects,” (with Wenlan Luo and Qiaoqin Xiong), China Economic Review, Volume 94, December 2025, pp.102521.

4. “Changes in Earnings Inequality: the Role of China’s Preferential Lending Policy”, (with Chong-En Bai and Wen Yao), Journal of Development Economics, Volume 145, June 2020. doi: 10.1016/j.jdeveco.2020.102477.

5. “Structural Changes and the Real Exchange Rate Dynamics,” (with Jiandong Ju, Justin Lin and Kang Shi), Journal of International Money and Finance, Volume 107, April 2020. doi: 10.1016/j.jimonfin.2020.102192.

6. “Investigating the Role of Money in the Identification of Monetary Policy Behavior: A Bayesian DSGE Perspective,” (with Bing Li and Pei Pei), Macroeconomic Dynamics, January 2020, 1-43. doi: 10.1017/S1365100519000762.

7. “On the Choice of Monetary Policy Rules for China: A Bayesian DSGE Approach,” (with Bing Li), China Economic Review, Volume 44, July 2017, Pages 166–185.

8. “Labor Market Flexibility and the Real Exchange Rate,” (with Qingyuan Du), Economics Letters, Volume 136, Issue 2, November 2015, 13-18.

9. “Oil Price Stabilization and Global Welfare”, (with Kang Shi, Juanyi Xu and Zhouheng Wu), Journal of Development Economics, Volume 111, November 2014, Pages 246–260.

10. “Marginal Likelihood Calculation for Gelfand-Dey and Chib Method,” (with Chun Liu), Economics Letters, Volume 115, Issue 2, May 2012, 200–203.

11. “Currency Areas and Monetary Coordination,” (with Shouyong Shi), International Economic Review, Volume 51, August 2010, Pages 813-836.

Working Papers:

1. “Conditionality and Sovereign Debt,” (with Zanhui Liu and Vivian Yue), R&R at Journal of Economic Theory.

2. “How Much Is Excess? Reassessing Global Imbalances with an Augmented External Balance Assessment,” (with Chong-En Bai and Jigang Luo), R&R at Journal of International Money and Finance.

3. “A Theory of International Official Lending,” (with Zanhui Liu and Vivian Yue), Revision invited by Journal of Political Economy: Macroeconomics.

4. “Fiscal Cycle and Optimal Fiscal Rule,” (with Zanhui Liu), Under Review.

Please refer to the personal webpage for details：