Work in progress
Belief Disagreement, Instability, and Uncertainty under Stochastic Recall
with Li Tang and Michael Weber, paper download SSRN
Presentations (including scheduled): Behavioral Macro workshop (NTU Singapore), Workshop "Expectations in Dynamic Macro Models" (U of Sydney), Bank of Finland, Deutsche Bundesbank (Frankfurt), Universities of Bath, Copenhagen, Reading, Sheffield, CERGE-EI (Prague), HKUST, Peking U (NSD), Shanghai Jiaotong U, Peking U (PHBS), Yonsei U (Seoul), Nanjing Audit U (Nanjing), Workshop on International Macro and Finance (Macau), WESEAMS (Kuala Lumpur), International workshop on Experiments in Macro and Finance (U of Osaka), Sungkyunkwan U (Seoul), First Workshop on Surveys and Experiments in Economics (China & online), BNBU (Zhuhai), SDTBU (Yantai), Macro workshop (Shandong U), CICM (Changchun), CEBRA (Copenhagen)
Information Treatments, Hypotheticals, and Event Studies: Comparative Estimates
with Carola Binder, Dimitris Georgarakos and Li Tang, paper download
Presentations (including scheduled): Shandong U (Jinan), SWUFE (Chengdu)
Polarization and Belief Entrenchment Through Memory
with Li Tang and Michael Weber, paper download
Pei Kuang, Michael Weber and Shihan Xie. Central Bank Communication with the Polarized Public
CEPR DP , NBER wp, BFI wp, SSRN. Media coverage: VoxEU column, BFI research brief, Financial Times (article, link), Ifo Schnelldienst, Bloomberg, Central Banking, Reuters
Net Zero and Inflation Expectations: the Role of Monetary and Fiscal Policies
with Li Tang, Yao Yao and Yuteng Zhang, paper download SSRN
Ballots, Budgets and Bricks: Brexit and the Polarisation of Individual Economic Behaviours
With Davide Luca and Zhiwu Wei, paper download
Journal of Public Economics, revise and resubmit
Pei Kuang, Michael Weber and Shihan Xie. Perceived Political Bias of the Federal Reserve
paper download BFI research brief, VoxEU column, SSRN. BFI wp no. 2024 -134, NBER wp no. 33071
Media coverage: Central Banking, Bloomberg (article 1, article 2), Financial Times (article, link), Ifo Schnelldienst, LinkedIn, CFO Dive, MSN, Financial post, Brookings institution, TT News, PressReader, Allnews, Yahoo (Finance, Taiwan, Hong Kong)....
Output gap estimation and monetary policy with imperfect knowledge (with Kaushik Mitra and Li Tang)
Unconditional Treatment Effects in Information Provision Experiments (with Carola Binder and Li Tang)
Reducing Memory Biases in Belief Formation (with Li Tang and Michael Weber)
Observability and equilibrium selection in New Keynesian Models paper download, under revision
How does inflation shape house price expectations? (with Wei Cui, Xie and Y. Zhang) paper
Bank credit constraints, expectation, and firm activities: evidence from UK SMEs (with Mitra, Y. Wu, and Tianshu Zhao) paper
Learning with Data (Quasi-)Differencing paper
The roots and consequences of Euroscepticism: theory and evidence (with Wei) paper