Hello! I'm an Associate Professor with tenure at the School of Finance, Shanghai University of Finance and Economics (SUFE) in China. I obtained my Ph.D. in Economics from Boston University, MA in Economics from NYU and BA in Economics from Renmin University of China.
My research focus on heterogeneity and dynamics in macro economics and finance.
Ei Yang (杨诶)
School of Finance
Shanghai University of Finance and Economics
Room 304, Tongde Building
No.100, Wudong Road, Shanghai, China
Email: yang.ei@mail.shufe.edu.cn
Multi-product Firms and Misallocation, (SSRN), with Wenya Wang, Journal of Development Economics, Volume 163, 2023
Bargaining Power and Trade Credit: The Heterogeneous Effect of Credit Contractions, Appendix, with Wenya Wang and Qiyu Xu, Journal of Banking and Finance, 2024 April
On the Profitability of Loyalty, with Ying Lei, Ji Shen, and Xin Zhai, Marketing Science, 2025 March
The Information Effect of Policy Announcement,(SSRN), with Ying Lei, and Shukai Du, 2022/09,
Equity Price Responses and the Fed Information Effect, with Simon Gilcrist and Guihai Zhao, 2021/09, 2024/02 updated
Belief Distortions and Financial Stability: A Continuous-Time Model with Diagnostic Expectations, with Zeyu Zhang, 2025/12
Time Varying Over- and Under-reactions in Macroeconomic Expectation, with Zhaonan Chu, 2025/11
Market News vs. Fed Views: Generated Forecasts and Their Dispersion, with Xujun Liu and Zhuo Wang, 2025/12
Nominal Rigidity vs. Real Rigidity: Evidence from China, (SSRN), with Shukai Du
Optimal Capital Structure, Subsidy and the Unexpected Debt-Equity Swap Policy, (SSRN) ,(with Shaoxuan Zheng) (2018/06 Updated)
The Long-run Effect of Mobility Distortions and Financial Frictions (2016/06 Updating new version is coming)