Research

13. Time-Varying Relative Risk Aversion: Mechanisms and Evidence, 

X. Liu, HY Liu, and ZW Cai, 

Journal of Empirical Finance, 78.

12. Optimal Input Trade Policy Under Economic Uncertainties in A Small Open Economy, 

X. Liu and Z. Geng, (2018) 

Applied Economics, 51 (20), 2155-2171.  

11. How Does the Timing of Markets Affect Optimal Monetary and Fiscal Policy in Sticky Price Models? 

H. Du, Y. Guo, and X. Liu, (2018) 

Economic Modeling, 72, 237-248.  

10. Does Relative Risk Aversion Vary with Wealth? Evidence from Households' Portfolio Choice Data, 

X. Liu, F. Yang, and Z. Cai, (2016) 

Journal of Economic Dynamics and Control, 69, 229-248.  

9. Time Consistency of Optimal Monetary and Fiscal Policy in a Small Open Economy, 

X. Liu, (2013) 

Journal of International Money and Finance, 36, 47-67. 

8. Equity Returns and Business Cycles in Small Open Economies, 

M. R. Jahan-Parvar, X. Liu, and P. A. Rothman, (2013) 

Journal of Money, Credit, and Banking, 45 (6), 1117-1146.  

7. Foreign Exchange Reserve -- A New Challenge to China, 

T. J. Cheng and X. Liu, (2013) 

Journal of Post-Keynesian Economics, 35 (4), 621-649.   

6. Money Quantity and Optimal Monetary and Fiscal Policy: A Quantitative Analysis, 

X. Liu, (2012) 

Frontiers of Economics in China, 7 (2) 263-285.    

5. Welfare Effect of Interest Rate Shocks and Policy Implications, 

R. Ericson and X. Liu, (2012) 

Applied Financial Economics, 22 (22), 1899-1917.  

4. Welfare Effect of Productivity Shocks and Policy Implications in a Small Open Economy, 

R. Ericson and X. Liu, (2012) 

Perspectives on Global Development and Technology, 11, 290-319.   

3. Approximation Errors of Perturbation Methods in Solving a Class of DSGE Models, 

X. Liu and Z. Cui, (2011) 

Computational Economics, 38 (2), 107-128.  

2. Liquidity Constraints, Maturity Structure, and Time Consistency of Fiscal Policy, 

X. Liu, (2011) 

Economic Record, 87 (278), 480-493.  

T.J. Cheng and X. Liu, Long-term Instability of A Monetary Union, [SSRN Link] 

ZY Duan and X. Liu, Solving DSGE Models with Lucas Distributions: Approximating Policy Functions Around the Quasi-Mean. 

M. Li, X. Liu, and L. Niu, Tax Multipliers, Monetary Policy and Public Spending.  

Macroeconomics: An Integrate Analytical Framework [Link]

• This textbook (focuses on the analytical framework) is complementary to the existing text books (more about real life stories) about macroeconomics. 

• ISBN: 978-1-5165-9437-5

• Cognella Academic Publishing