Research

Journal articles

11. The Credit Risk of Chinese Households: A Micro-Level Assessment (with M. Funke and L. Zhu), 2022, Pacific Economic Review, 27(3): 254-276.

10. Social Networks and Household Financial Decisions: Evidence from China (with M. Jiang and B. Zhang), 2022, Journal of Empirical Economics, 25(1): 58-92.

9. Requiem for the Interest Rate Controls in China, 2021, Pacific Economic Review, 26(2): 139-160 [lead article].

8. Monetary Policy Announcements and Market Interest Rates’ Response: Evidence from China, 2020, Journal of Banking & Finance, 113.

7. Macroprudential Policy, Central Banks and Financial Stability: Evidence from China (with J. Klingelhöfer), 2019, Journal of International Money and Finance, 93: 19-41.

6. A Narrative Indicator of Monetary Conditions in China, 2018, International Journal of Central Banking, 14(4): 1-42 [lead article].

5. China’s Regime-Switching Monetary Policy (with J. Klingelhöfer), 2018, Economic Modelling, 68: 32-40.

4. What Measures Chinese Monetary Policy?, 2015, Journal of International Money and Finance, 59: 263-286.

3. Nominal Rigidity and Some New Evidence on the New Keynesian Theory of the Output-Inflation Tradeoff, 2014, International Economics and Economic Policy, 11(4): 575-597.

2. Does Monetary Policy Matter in China? A Narrative Approach, 2013, China Economic Review, 26C: 56-74.

1. Monetary Policy and European Unemployment (with R. Schettkat), 2009, Oxford Review of Economic Policy, 25 (1): 94-108.

Book chapters

  1. On Non-Neutrality of Monetary Policy (with R. Schettkat), 2011, in Hagemann et al. (eds.) Ökonomie und Gesellschaft / Keynes 2.0. Metropolis-Verlag. p. 337-352.

  2. On Persistent Unemployment in Germany (with R. Schettkat), 2008, in Hagemann et al. (eds.) Aus gesamtwirtschaftlicher Sicht. Metropolis-Verlag. p. 307-320.

Working papers

  1. Measuring the Impact of Monetary Policy on Stock Prices in China (with L. Zhang).

  2. Review over Empirical Evidence on Real Effects of Monetary Policy, 2014, MPRA no. 58513.