AcademicsWorking Papers

• Chen Zhang, Ying Fang, Linlin Niu Changing anchor of the renminbi: A Bayesian learning approach to the decade-long transition 20220824
• Jiazi Chen, Zhiwu Hong, Linlin Niu Forecasting Interest Rates with Shifting Endpoints: The Role of the Demographic Age Structure 20220625
• M. Hashem Pesaran, Yimeng Xie A Bias-Corrected CD Test for Error Cross-Sectional Dependence in Panel Data Models with Latent Factors 20220610
• Xuexin WANG Generalized Spectral Tests for High Dimensional Multivariate Martingale Difference Hypotheses 20211106
• Xuexin WANG Instrumental variable estimation via a continuum of instruments with an application to estimating the elasticity of intertemporal substitution in consumption 20211106
• Mingyang Li, Linlin Niu Faster fiscal stimulus and a higher government spending multiplier in China: Mixed-frequency identification with SVAR 20211019
• Stephanie L. Chan The Social Value of Public Information When Not Everyone is Privately Informed 20210918
• Massimo Massa, Chuyi Yang, Lei Zhang Do Banks Buffer Financial Markets Shocks? Fire-sales Around the World and Corporate Financing 20210621
• Barry Oliver, Chuyi Yang, Lei Zhang Do Law Firms Matter for Securities Class Action Lawsuit Outcomes? 20210621
• Chuyi Yang Foreign Interest Rate Shocks and Exchange Rate Regimes of Small Open Economies: Experience from Hong Kong and Singapore 20210621
• Chuan Yang Hwang, Chuyi Yang Lottery Jackpots, Limited Attention, and the Monday Effect 20210621
• Chongwu Xia, Chuyi Yang, Lei Zhang The Real Effect of Foreign Exchange Hedging on Corporate Innovation 20210621
• Zongwu Cai, Jiazi Chen, Linlin Niu A Semiparametric Model for Bond Pricing with Life Cycle Fundamental 20210107
• Mingyang Li, Linlin Niu, Andrew Pua Market Pricing of Fundamentals at the Shanghai Stock Exchange: Evidence from a Dividend Discount Model with Adaptive Expectations 20201230
• 牛霖琳, 夏红玉, 许秀 中国地方债务的省级风险度量和网络外溢风险 20201112
• 洪智武, 牛霖琳 中国通货膨胀预期及其影响因素分析——基于混频无套利Nelson-Siegel利率期限结构扩展模型 20200928
• Guannan Liu, Shuang Yao Investigating Temporal Dependence in Financial Data via Mixture Copulas 20200629
• Guannan Liu, Wei Long Program Evaluation with Panel Data: A Model Averaging Approach 20200629
• Shuheng Lin, Francisca Perez Do Firm-Level Shocks Generate Aggregate Fluctuations?: A Cross-Country Analysis 20191230
• Yu Wang, Haicheng Shu Evaluating the Performance of Factor Pricing Models for Different Stock Market Trends: Evidence from China 20191010