Heng Chen@Bank of Canada

Research Advisor at Currency Department of The Bank of Canada 

Phone: +1 (613) 782-8482

             chhe@bankofcanada.ca

             chenh1207@hotmail.com

Bio: microeconometrican in a central bank

Research: quantile regression, panel model, treatment effects and structural change

Publications

1. Multi-dimensional Latent Group Structure with Heterogeneous Distributions (with Wendun Wang and Xuan Leng)

 Journal of Econometrics, 2021.

2. Quantile Treatment Effects in the Regression Kink Design (with Harold D. Chiang and Yuya Sasaki), 

Econometric Theory, 2020.

3.  A Spatial Panel Model of Bank Branches in Canada (with Matthew Strathearn)

Advances in Econometrics (Volume 42): The Econometrics of Networks. Editors: Áureo De Paula (UCL), Elie Tamer (Harvard), and Marcel Voia (Carleton), 2019.

4. Identification and Wavelet Estimation of Weighted ATE in a Class of Switching Regime Models (with Yanqin Fan)

Journal of Econometrics,  2019.

5. The Mode is the Message: Using Paradata to Identify Survey Design Effects (with Geoff Dunbar and Rallye Shen)

Advances in Econometrics (Volume 41): Essays in Honor of Cheng Hsiao. Editors: M. Hashem Pesaran (USC), Tong Li (Vanderbilt), and Dek Terrell (LSU), 2019.

6. Cash versus Card: Payment Discontinuities and the Burden of Holding Coins (with Kim Huynh and Oz Shy)

Journal of Banking and Finance, 2019. 

7. Variance Estimation for Survey-Weighted Data Using Bootstrap Resampling Methods: 2013 Methods-of-Payment Survey Questionnaire (with Rallye Shen) 

Advances in Econometrics (Volume 39): The Econometrics of Complex Survey Data: Theory and Applications. Editors:  Gautam Tripathi (U Luxembourg), David Jacho-Chavez (Emory U), Kim P. Huynh (Bank of Canada), 2018.

8. Measuring Consumer Cash Holdings: Lessons from the 2013 Bank of Canada Methods-of-Payment Survey (with Chris Henry, Kim Huynh, Rallye Shen, Kyle Vincent)

Survey Practice, 2016.

9. Retail Payment Innovations and Cash Usage: Accounting for Attrition Using Refreshment Samples (with Marie-Helene Felt and Kim Huynh)

Journal of Royal Statistical Society: Series A, 2016. 

10. Inference for the Correlation Coefficient between Potential Outcomes in the Gaussian Switching Regime Model (with Yanqin Fan and Ruixuan Liu)

Journal of Econometrics, 2016.

11. Sheep in Wolf's Clothing: Using the Least Squares Criterion for Quantile Regression

Economics Letters, 2015.

12. A Flexible Parametric Approach for Estimating Switching Regime Models and Treatment Effect Parameters (with Yanqin Fan and Jisong Wu)

Journal of Econometrics, 2014.

Working Papers

1. Consumer Cash Withdrawal Behavior: Branch Networks and Online Financial Innovation (with Matthew Strathearn and Marcel C. Voia), under review.

2. Inference of jumps using wavelet variance (with Mototsugu Shintani), under review.

3. Within-group Estimators for Fixed Effects Quantile Models with Large N and Large T. Slides.

4. Local Polynomial Wavelet Estimation of the Local Average Treatment Effect. Slides.

Bank of Canada Research

1. The Costs of Point-of-Sale Payments in Canada (with Anneke Kosse, Marie-Hélène Felt, Valéry Dongmo Jiongo, Kerry Nield and Angelika Welte), Bank of Canada Staff Discussion Paper No. 2017-4.

2. The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Calibration for Single-Location Retailers (with Rallye Shen), Bank of Canada Technical Report 109, 2017.

3. 2017 Methods-of-Payment Survey: Sample Calibration and Variance Estimation (with Marie-Hélène Felt and Christopher S. Henry), Bank of Canada Technical Report 114, 2018.

4. Cash and COVID-19: The Impact of the Pandemic on Demand for and Use of Cash (with with Walter Engert, Kim P. Huynh, Gradon Nicholls, Mitchell Nicholson, and Julia Zhu), Bank of Canada Staff Discussion Paper No. 2020-6. 

5. Cash and COVID-19: The Effect of Lifting Contaiment Measure on Cash Demand and Use (with Walter Engert, Kim P. Huynh, Gradon Nicholls, and Julia Zhu), Bank of Canada Staff Discussion Paper No. 2021-3. 

6. An Exploration of First Nations Reserves and Access to Cash  (with W. Engert, K. Huynh & D. O’Habib), Bank of Canada Staff Discussion Paper No. 2021-8.

7. Consumer Cash Withdrawal Behavior: Branch Networks and Online Financial Innovation (with Matthew Strathearn and Marcel C. Voia),  Bank of Canada Staff Working Paper No. 2021-28.

8. Cash and COVID-19: The Impact of the Second Wave in Canada (with Walter Engert, Kim P. Huynh, Marie-Helene Felt, Gradon Nicholls, D. O’Habib and Julia Zhu), Bank of Canada Staff Discussion Paper No. 2021-12.

9. Cash and COVID-19: What Happened in 2021 (with Walter Engert, Kim P. Huynh, D. O’Habib, Joy Wu and Julia Zhu), Bank of Canada Staff Discussion Paper No. 2022-8.

10. Identifying Financially Remote First Nations Reserves  (with W. Engert, K. Huynh & D. O’Habib), Bank of Canada Staff Discussion Paper No. 2022-11.

11. Canadians' Access to Cash Before and During the Covid-19 Pandemic (with Marie-Helene Felt), Bank of Canada Staff Discussion Paper No. 2022-15.

12. How Far Do Canadians Need to Travel to Access Cash (with Hong Yu Xiao and Daneal O'Habib), Bank of Canada Staff Discussion Paper No. 2023-28.

Education

2007-2012    Ph.D.  Vanderbilt University (Committee: Yanqin Fan, Tong Li, Moto Shintani, Bryan Shepherd)

2006-2007    M.A.    Queen’s University at Kingston