My research papers are categorized under different topics, and a single paper may appear in multiple categories.
Modelling belief-driven fluctuations in the business cycle and asset markets
Klaus Adam, Pei Kuang and Albert Marcet. House Price Booms and the Current Account. NBER Macroeconomics Annual.
Pei Kuang. A Model of Housing and Credit Cycles with Imperfect Market Knowledge. European Economic Review.
Pei Kuang and Kaushik Mitra. Long-run Growth Uncertainty. Journal of Monetary Economics.
Pei Kuang and Kaushik Mitra. Potential Output Pessimism and Austerity in the European Union. Journal of Money, Credit and Banking.
Pei Kuang and Kaushik Mitra. Output Gap Estimation and Monetary Policy with Imperfect Knowledge. Working paper.
Pei Kuang, Kaushik Mitra, Li Tang, and Shihan Xie. Macroprudential Policy and Housing Market Expectations. European Economic Review.
Pei Kuang and Liang Shi. Sovereign debt pricing with shifting long-run growth expectations. Working paper.
Housing Markets (house price expectations, boom-bust cycles, and policies)
Carola Binder, Pei Kuang, and Li Tang. Central Bank Communication and House Price Expectations. Journal of the European Economic Association.
Klaus Adam, Pei Kuang and Albert Marcet. House Price Booms and the Current Account. NBER Macroeconomics Annual.
Pei Kuang. A Model of Housing and Credit Cycles with Imperfect Market Knowledge. European Economic Review.
Pei Kuang, Kaushik Mitra, Li Tang, and Shihan Xie. Macroprudential Policy and Housing Market Expectations. European Economic Review.
Wei Cui, Pei Kuang and Shihan Xie. How does inflation shape house price expectations?
Papers on beliefs and expectations with interdisciplinary perspectives, political science and government, psychology, media and communication studies, geography, sociology, history, law and technology etc. (This is a main area in which I'm working.)
Politics and Economics:
Pei Kuang, Davide Luca, and Zhiwu Wei. Ballots, Budgets and Bricks: Brexit and the Polarisation of Individual Economic Behaviours. Working paper. (political science & economic geography)
Pei Kuang, Michael Weber, and Shihan Xie. Perceived Political Bias of the Federal Reserve. NBER wp. (political science and social psychology)
Pei Kuang, Michael Weber, and Shihan Xie. Central Bank Communication with the Polarized Public. NBER wp.
Psychology of human memory:
Pei Kuang, Li Tang and Michael Weber. Disagreement under Imperfect Memory: Theory and Evidence.
Pei Kuang, Li Tang and Michael Weber. Reducing memory biases in belief formation.
and many work in progress ......
Institutions, inequalities and social mobility
Ongoing projects to be added .............
Political Polarization and Economic Expectations and Behaviours
Pei Kuang, Davide Luca, and Zhiwu Wei. Ballots, Budgets and Bricks: Brexit and the Polarisation of Individual Economic Behaviours. Working paper.
Pei Kuang, Michael Weber, and Shihan Xie. Central Bank Communication with the Polarized Public. NBER wp.
Pei Kuang, Michael Weber, and Shihan Xie. Perceived Political Bias of the Federal Reserve. NBER wp.
Central Bank Communication
Pei Kuang, Michael Weber, and Shihan Xie. Central Bank Communication with the Polarized Public. NBER wp.
Carola Binder, Pei Kuang, and Li Tang. Central Bank Communication and House Price Expectations. Journal of the European Economic Association.
Expectations and beliefs with conducting surveys and experiments
Carola Binder, Pei Kuang, and Li Tang. Central Bank Communication and House Price Expectations. Journal of the European Economic Association.
Pei Kuang, Michael Weber, and Shihan Xie. Central Bank Communication with the Polarized Public. NBER wp.
Pei Kuang, Michael Weber, and Shihan Xie. Perceived Political Bias of the Federal Reserve. NBER wp.
Pei Kuang, Kaushik Mitra, Li Tang, and Shihan Xie. Macroprudential Policy and Housing Market Expectations. European Economic Review.
Pei Kuang, Li Tang and Michael Weber. Disagreement under Imperfect Memory: Theory and Evidence.
Pei Kuang, Li Tang and Michael Weber. Reducing memory biases in belief formation.
Carola Binder, Dimitris Georgarakos, Pei Kuang and Li Tang. Information treatments, hypotheticals, and event studies: comparative estimates.
Utilizing survey expectations data to test expectation formation
Klaus Adam, Pei Kuang and Shihan Xie. Overconfidence in private information explains biases in professional forecasts. Journal of Monetary Economics.
Pei Kuang, Li Tang, Renbin Zhang and Tongbin Zhang. Are survey stock price forecasts anchored by fundamental forecasts? A long-run perspective. Economic Theory.
Pei Kuang, Li Tang, Renbin Zhang and Tongbin Zhang. Forecast Disagreement about Long-run Macroeconomic Relationships. Journal of Economic Behavior and Organization.
Issues on macroeconomic policies with deviating from full-information RE (monetary, fiscal, macroprudential, and communication)
Carola Binder, Pei Kuang, and Li Tang. Central Bank Communication and House Price Expectations. Journal of the European Economic Association. (house price expectation channel of monetary transmission & verbal and non-verbal central bank communication policy)
Klaus Adam, Pei Kuang and Albert Marcet. House Price Booms and the Current Account. NBER Macroeconomics Annual. (monetary policy and asset bubbles)
Pei Kuang and Kaushik Mitra. Potential Output Pessimism and Austerity in the European Union. Journal of Money, Credit and Banking. (Structural budget targeting fiscal policy in the EU)
Pei Kuang. A Model of Housing and Credit Cycles with Imperfect Market Knowledge. European Economic Review. (Implications for macroprudential policy)
Pei Kuang and Kaushik Mitra. Output Gap Estimation and Monetary Policy with Imperfect Knowledge. Working paper.
Pei Kuang, Kaushik Mitra, Li Tang, and Shihan Xie. Macroprudential Policy and Housing Market Expectations. European Economic Review. (House price expectations channel of macroprudential policies)
Pei Kuang, Michael Weber, and Shihan Xie. Central Bank Communication with the Polarized Public. NBER wp. (monetary communication policy)
Pei Kuang, Michael Weber, and Shihan Xie. Perceived Political Bias of the Federal Reserve. NBER wp. (central bank independence etc)
Pei Kuang. Observability and equilibrium selection in New Keynesian Models. Working paper.