Contact Information:
Address: 600 Atlantic Ave, T-10, Federal Reserve Bank of Boston, Boston, MA 02210
Phone: 617-973-3061 (office) | 617-619-8357 (fax)
Email: bo.zhao@bos.frb.org
Web page: http://www.bos.frb.org/economic/econbios/zhao.htm
Education:Ph.D., Economics, The Maxwell School, Syracuse University, 4.0 GPA, May 2005
Dissertation: “Racial and Ethnic Discrimination in Urban Housing Markets: Evidence from Audit Studies”
Adviser: John Yinger
M.S., Applied Statistics, Syracuse University, 4.0 GPA, August 2002
Graduate Education, Economics, Renmin University of China, 1997—1999
B.A., Economics, Renmin University of China, with honor, 1997
Fields of Specialization:
Urban and Regional Economics, Public Finance
Work Experience:
Senior Economist, Federal Reserve Bank of Boston, April 2008—
Economist, Federal Reserve Bank of Boston, May 2005—March 2008
Research Associate, Center for Policy Research, Syracuse University, August 2000—May 2005
Instructor, taught Introductory Microeconomics (undergraduate level), Syracuse University, June—August 2003
Tutor, Stevenson Educational Center, Syracuse University, 2001
Teaching Assistant, Department of Economics, Syracuse University, August 1999—May 2000
Professional Service:
Referee, Journal of Urban Economics, Regional
Science and Urban Economics, Scandinavian Journal of Economics, Eastern Economic Journal, Cityscape: A Journal of Policy Development and
Research
Editorial board member, Communities & Banking magazine, June 2008—June 2009
Judge for the APPAM Poster Session Award, APPAM Annual Research Conference, Los Angeles, 2008
Ph. D. dissertation committee member, advised Timothy F. Page, Department of Economics, University of New Hampshire, 2007—2008
Judge, College Fed Challenge Competition and High School Fed Challenge Competition, 2007—2009
Municipal aid subcommittee member, Municipal Finance Task Force, 2006—2007
Publications in Referred Journals:
Katharine Bradbury and Bo Zhao, “Measuring Non-School Fiscal Disparities among Municipalities,” National Tax Journal, Vol. 62, No. 1, 25-56, March 2009.
Bo Zhao and Katharine Bradbury, “Designing State Aid Formulas,” Journal of Policy Analysis and Management, Vol.28, No. 2, 278-295, March 2009.
Lloyd A. Blanchard, Bo Zhao, and John Yinger, “Do Lenders Discriminate Against Minority and Woman Entrepreneurs?” Journal of Urban Economics, Vol. 63, No. 2, 467-497, March 2008.
Bo Zhao, Jan Ondrich, and John Yinger, “Why Do Real Estate Brokers Continue to Discriminate? Evidence from the 2000 Housing Discrimination Study,” Journal of Urban Economics, Vol. 59, No. 3, 394-419, May 2006.
Bo Zhao, “Does the Number of Houses a Broker Shows Depend on a Homeseeker’s Race?” Journal of Urban Economics, Vol. 57, No. 1, 128-147, January 2005.
Book Chapters:
Racial and Ethnic Discrimination in Urban Housing Markets: Evidence from Audit Studies, PropQuest/UMI, 2006.
"Data Appendix," in The Color of Credit: Mortgage Discrimination, Research Methodology, and Fair-Lending Enforcement by Stephen L. Ross and John Yinger, pp. 387-388, The MIT Press, 2002.
“Why Do Real Estate Brokers Continue to Discriminate? Evidence from the 2000 Housing Discrimination Study,” with Jan Ondrich and John Yinger, in Why Housing Agents Discriminate: The Measurement, Causes, and Consequences of Housing Discrimination and Housing and Commuting: The Theory of Urban Residential Structure, ebooks by John Yinger.
Other Publications:
“The Fiscal Impact of Potential Local-Option Taxes in Massachusetts,” Federal Reserve Bank of Boston NEPPC Working Paper Series 10-2, 2010.
“The Impact of Recent Credit Market Turmoil on New England State Housing Finance Agencies,” Federal Reserve Bank of Boston, 2009.
“Designing State Aid Formulas: The Case of a New Formula for Distributing Municipal Aid in Massachusetts,” with Katharine Bradbury, Federal Reserve Bank of Boston Working Paper Series no. 08-1, 2008.
“Measuring Non-School Fiscal Imbalances of New England Municipalities,” with Katharine Bradbury, Federal Reserve Bank of Boston NEPPC Policy Brief Series no. 07-6, 2007.
“Measuring Disparities in Non-School Costs and Revenue Capacity among Massachusetts Cities and Towns,” with Katharine Bradbury, Federal Reserve Bank of Boston Working Paper Series no.06-19, revised May 2007.
“The Lack of Affordable Housing in New England: How Big a Problem? Why Is It Growing? What Are We Doing about It?” with Alicia Sasser and Darcy Rollins Saas, Federal Reserve Bank of Boston NEPPC Working Paper Series no. 06-1, 2006.
“Do Credit Market Barriers Exist for Minority and Women Entrepreneurs?” with Lloyd A. Blanchard and John Yinger, Center for Policy Research Working Paper Series no. 74, Syracuse University, 2005.
“Why Do Real Estate Brokers Continue to Discriminate? Evidence from the 2000 Housing Discrimination Study,” with Jan Ondrich and John Yinger, Center for Policy Research Working Paper Series no. 67, Syracuse University, 2005.
Work in Progress:
"Does Springfield receive its fair share of Municipal Aid? Implications for Aid Formula Reform in Massachusetts"
Conference Activities:
Discussant, National Tax Association Annual Conference,
Denver, 2009
Chair, "Property Tax Administration and Property Tax Data" session, National Tax Association Annual Conference, Philadelphia, 2008
Discussant, National Tax Association Annual Conference, Philadelphia, 2008
Presenter, APPAM Annual Research Conference, Los Angeles, 2008
Discussant, APPAM Annual Research Conference, Los Angeles, 2008
Discussant, Federal Reserve System Committee on Applied Microeconomics Annual Conference, Chicago, 2008
Presenter, International Seminar on Measuring Fiscal Health of Cities, organized by the World Bank Institute and National Institute of Public Finance and Policy (India), Washington DC, 2008
Discussant, ASSA/AEA Annual Meeting, New Orleans, 2008
Organizer, "Financing Municipalities in New England: Revisiting the State-Local Relationship," New England Public Policy Center Annual Conference, Federal Reserve Bank of Boston, 2007
Presenter, New England Public Policy Center Annual Conference, Federal Reserve Bank of Boston, 2007
Presenter, National Tax Association Annual Conference, Columbus, OH, 2007
Discussant, Federal Reserve System Committee on Regional Analysis Annual Conference, Chicago, 2007
Presenter, Federal Reserve System Committee on Applied Microeconomics Annual Conference, Atlanta, 2007
Discussant, National Tax Association Annual Conference, Boston, 2006
Presenter, National Tax Association Annual Conference, Boston, 2006
Invited Seminars:
University of New Hampshire, 2009
Federal Reserve Bank of Boston, 2005, 2007, 2009
Harvard University, Rappaport Institute for Greater Boston, 2007
Northern Illinois University, 2005
Federal Reserve Bank of Kansas City, 2005
Freddie Mac, 2005
Grand Valley State University, 2005
Alfred University, 2005
Testimonies and Public Speeches:
Massachusetts Annual Governor's Conference on Travel & Tourism, 2009
Environmental Business Council of New England, 2008
Community Development Advisory Council, Federal Reserve Bank of Boston, 2008
Massachusetts Chapter of the American Society of Public Administration, 2008
Massachusetts Lodging Association’s 2008 Boston Outlook Conference, 2007
Metro Mayors’ Coalition, 2006
Fiscal Policy Committee and Revenue Sharing Task Force of the Massachusetts Municipal Association, 2006
Gordon College, 2006
New Hampshire House and Senate Ways and Means and Finance Committees, Joint Economic Briefing, 2005
Honors and Awards:
Invited to compete for the 2008 APPAM Award for Research in Comparative Policy Analysis, 2009
Service Quality Award, Federal Reserve Bank of Boston, 2009
One of 20 young scholars selected nationwide by the Ewing Marion Kauffman Foundation to participate in the 2005 Entrepreneurship Research Boot Camp, University of North Carolina at Chapel Hill, July 2005
Paul Speranza Tax Policy Research Scholarship, Syracuse University, 2002—2004
Maxwell Summer Fellowship, The Maxwell School, Syracuse University, 2004
Center for Policy Research Summer Research Fellowship, Syracuse University, 2002
Media Mention:
The Boston Globe (March 28, 2009)
The Boston Herald (March 28, 2009)
Ledger Dispatch (October 9, 2008)
Cape Cod Times (February 27, 2008)
Utica Observer Dispatch (February 16, 2008)
Business Wire (July 10, 2007)