PROFESSIONAL POSITION

• Chair, Department of Economics, Wayne State University, 2025 - present

• Associate Professor, Wayne State University, 2019 – present

• Director of Undergraduate Studies, Department of Economics, Wayne State University, 2020 – present

• Assistant Professor, Wayne State University, 2012 – 2019

• Visiting Assistant Professor, Wayne State University, 2010 – 2012

• Lecturer in Applied Econometrics, Leeds University Business School, University of Leeds,  2005 – 2012, on leave from August 2010

• Visiting Assistant Professor, Department of Economics, Ohio State University, August - December 2009

• Visiting Fellow, CIREQ, University of Montreal, March - April 2009, December 2015

• Visiting Scholar, Department of Economics, Hong Kong University of Science and Technology, November - December 2008

EDUCATION

• Ph.D. in Economics, University of Rochester

• M.A. in Economics, University of Rochester

• B.S. in Management Science, University of Science and Technology of China

• B.E. in Computer Science, University of Science and Technology of China

 RESEARCH INTERESTS

            Time series Econometrics, Regime Switching Models, Volatility, Forecasting, Exchange Rates, Crude Oil Markets

PUBLICATIONS

•  Hu, L. and Y. Shin, “Optimal Test for Markov Switching GARCH models,” Studies in Nonlinear Dynamics and Econometrics Vol 12, Issue 3, Article 3, 2008 https://doi.org/10.2202/1558-3708.1528

• Carrasco, M, L. Hu and W. Ploberger, “Optimal Test for Markov Switching Parameters,” Econometrica Vol 82, No 2, 765-784, 2014 https://doi.org/10.3982/ECTA8609 

  • “Supplements to ‘Optimal Test for Markov Switching Parameters’,” 1-81, 2014

• Hu, L. and Y. Shin, “Testing for Cointegration in Markov Switching Error Correction Models,” Advances in Econometrics  Volume 33: Essays in Honor of Peter C. B. Phillips, 123-150, 2014  https://doi.org/10.1108/S0731-905320140000033005 

• Herrera, A. M., L. Hu and D. Pastor,  "Forecasting Crude Oil Price Volatility,"  International Journal of Forecasting Vol 34, No 4, 622-635, 2018 Online Appendix; Data and Codes https://doi.org/10.1016/j.ijforecast.2018.04.007

• Breen, J. D. and L. Hu, “The Predictive Content of Oil Price and Volatility: New Evidence on Exchange Rate Forecasting,” Journal of International Financial Markets, Institutions & Money, Vol 75, 101454, 2021 Online Appendix https://doi.org/10.1016/j.intfin.2021.101454

• Hu, L. and Y-J. Lee, "New Evidence on Crude Oil Market Efficiency," Economic Inquiry, Vol 62, Issue 2, 892-916, 2024 Data and Codes https://doi.org/10.1111/ecin.13189

SELECTED WORKING PAPERS

• “Testing Monetary Neutrality: A Reappraisal of the Evidence,” with Robert J. Rossana

• “Structural Change in Long-Horizon Regressions”

• “A Lotka-Volterra Model for the Anesthesia Market,” with Stephen J. Spurr and Xiao Xu

• “Optimal Test for Stochastic Unit Roots with Markov Switching”

• “A complete Class of Tests When Nuisance Parameter is Present Only under the Alternatives,” with Werner Ploberger

• “Forecasting Directional Change in Exchange Rates using Machine Learning,” with John T. Tarchick

• “Forecasting Exchange Rate Volatility during Economic downturns,” with John T. Tarchick

• “A Comparison of Long Memory and Regime Switching Models of Exchange Rates,” with John. D. Breen

WORK IN PROGRESS

•  “Optimal Testing for Infrequent Changes,” with Marine Carrasco and Werner Ploberger.

EXTERNAL GRANTS

• “Engineering the Economics of Affordable Urban Housing through the Utilization of High Performance Materials,” Co-PI (50%) with Fatmir Menkulasi, 2018 Richard Barber Interdisciplinary Research Grant, $24,600  

• City of Detroit, University Economic Analysis Partnership (RFP #18EJ02018), PI Subcontract SBUK00010562 (2022-2024), $311,522

• City of Detroit, University Economic Analysis Partnership (RFP #18EJ02018), PI Subcontract SBUK00010562 (2022-2024), $377,882

AWARDS

• Program Assessment Grant Award, joint with Young-Ro Yoon and Felicien Goudou, 2025-2026, Wayne State University

• UROP (University Research Opportunities Program) Faculty Mentor Award, 2024-2025, Wayne State University

• Career Development Chair Award, 2023-2024, Wayne State University

• UROP (University Research Opportunities Program) Faculty Mentor Award, 2019-2020, Wayne State University

• President’s Award for Excellence in Teaching, 2017, Wayne State University 

• Graduate Fellowship, 1999-2003, University of Rochester

•  Legend Group Scholarship, 1998, University of Science and Technology of China

• Outstanding Student Scholarship (Grade 3), 1997, University of Science and Technology of China

• Panasonic Electronics Talent Cultivation Foundation Scholarship, 1996, China Goodwill & Peace Development Foundation

• P&G Scholarship, 1995, University of Science and Technology of China

CONFERENCE PRESENTATIONS

• 2024 Midwest Econometrics Group Conference, University of Kentucky, November 2024

• 2024 International Association for Applied Econometrics Conference, Xiamen University, June 2024

• 2023 Midwest Econometrics Group Conference, Federal Reserve Bank of Cleveland, October 2023

• 2022 International Symposium on Econometric Theory and Applications, Yonsei University, Seoul, July 2022 

• 2021 Financial Economics Meeting: Crisis Challenges, EDC Paris Business School, July 2021

• 2019 Advances in Econometrics Conference, Vanderbilt University, October 2019

• 2013 Advances of Econometrics Conference in Honor of Peter C.B. Phillips, Southern Methodist University, Dallas, November 2013

• 2013 Midwest Econometric Group meeting, Indiana University at Bloomington, October 2013

• 2013 First Econometric Society China Meeting, Peking University, Beijing, June 2013

• 2010 Fourth Time Series Conference, CIREQ, Montreal, May 2010

• 2007 Econometric Society European Meeting, Budapest, Hungary, August 2007

• 2007 Econometric Society Far East Meeting, Taipei, July 2007

• 2007 Econometric Study Group, Singapore Management University, July 2007

• 2007 Symposium on Econometric Theory and Applications, Hong Kong University of Science and Technology, April 2007

• 2007 ESRC Seminar Series of Nonlinear Economics and Finance Research Community, Keele University, February 2007

• 2006 Econometric Society European Meeting, University of Vienna, August 2006

• 2005 Unit Root and Cointegration Testing Conference, University of Algarve, September 2005

• 2005 Econometric Society World Congress, University College London, August 2005

• 2004 North America summer meeting of the econometric society, Brown University, June 2004

• 2004 Midwest Econometric Group, Northwestern University, October 2004

SEMINAR PRESENTATIONS

University of Rochester, University of California at Santa Barbara, University of Missouri at Columbia, University of Leeds, University of Oxford, London School of Economics, Hong Kong University of Science and Technology, Ohio State University, University of Kent at Cantebury, University of Montreal, Wayne State University, Northern Illinois University, Michigan State University, Oakland University, Kansas State University

REFEREE EXPERIENCE

Review of Economics and Statistics, Journal of Business & Economic Statistics, Econometric Theory, Journal of Applied Econometrics, Annals of Economics and Statistics, Journal of Financial Econometrics, Economics Bulletin, Journal of Empirical Finance, Studies in Nonlinear Dynamics & Econometrics, Advances in Econometrics, Empirical Economics, Quarterly Review of Economics and Finance, Economic Modelling, Macroeconomic Dynamics, Energy Economics, Journal of International Financial Markets, Institutions & Money, International Journal of Economics & Finance, Econometric Reviews

BOOK REVIEW

 “Running Regressions: A Guide to Research in Economics, Finance and Business Studies”, M. Baddeley and D. Barrowclough, Cambridge University Press

TEACHING EXPERIENCE

Instructor

• Graduate: Advanced Time Series Analysis (Hong Kong University of Science and Technology), Introduction to Mathematical Statistics (University of Rochester Medical Center), Applied Econometrics (Leeds), Financial Econometrics (Leeds), Introduction to Econometrics (Wayne State), Econometrics I (Wayne State), Econometrics II (Wayne State), Econometrics III (Wayne State), Fundamentals of Economic Analysis II (Wayne State).

• Undergraduate: Applied Regression and Correlation Analysis (Ohio State), Introduction to Econometrics (Leeds), Macroeconometrics (Leeds), Economics Dissertation (Leeds), Economic Statistics (Rochester), Principles of Microeconomics (Wayne State).

 Lab Instructor

• Undergraduate: Econometrics of Financial Markets (Rochester)

 Teaching Assistant

• Graduate: Introduction to Mathematical Statistics (Rochester), Introduction to Econometrics (Rochester), Elements of Econometrics (Rochester)

• Undergraduate: Principles of Economics (Rochester), Economic Statistics (Rochester)

STUDENT ADVISING

• Mohammad Bani Hani, Assistant Professor in Economics, Hashemite University

• Adrian Simion, Tenure Track Assistant Professor, Department of Sport Management, Syracuse University

• John Breen, Economist, Ford  Motor Credit Company

• John Tarchick, Data Scientist, Ford Motor Credit Company

• Daniel Pastor, Tenure Track Assistant Professor, University of Texas at El Paso

SELECTED SERVICES

University

• Assessment Institute, 2023 - 24

• Council of Undergraduate Adminstrators (CUA), member, 2023 - present

• WSU Association of Chinese Faculty and Staff (WSU-ACFS), Ad Hoc Bylaw Amendments Committee, 2022

• WSU Association of Chinese Faculty and Staff (WSU-ACFS), Academic Achievement Committee, member, 2023

• WSU Association of Chinese Faculty and Staff (WSU-ACFS), Executive Committee, member, 2024 - present

College

• Economics Chair Search Committee, 2014

• CLAS Recruitment Committee, 2021-present

Community

• General Motors, October 2018

PROFESSIONAL MEMBERSHIP

•  Econometric Society

• American Economic Association

• Midwest Econometrics Group