Gaowang Wang （王高望）

Working  Papers

• Romer meets Weber-Schumpeter: the spirit of capitalism, entrepreneurial drive and long-run growth,  with Heng-fu Zou, Revise and resubmit at Macroeconomic Dynamics.

• Optimal monetary policy under rational inattention and a cost channel, with Yulei Luo and Lijuan Qu.

• Speaking to the supply side: central bank communication and  monetary policy transmission, with Lijuan Qu and Liyan Yang.

• Public capital, sectoral prices and structural transformation, with S. Li and Heng-fu Zou.

• The optimality of gradualism in economies with financial markets, with Hao Li.

• Data-driven innovation and growth, with Hao Li and Liyan Yang.

• Government intervention, market quality and investor protection, with Qi Guo.  此文荣获第三届中国公司金融最佳论文奖（2026年6月）

• Preferences' representability and pseudo-continuity, with B. Shi and Zhixiang Zhang.

Featured Publications

• Optimal monetary policy with confounding information, with Qiushuoi Ding and Yulei Luo (2026). [WP Version] Journal of Monetary Economics 162, 103965.

• Stabilizing the financial markets through communication and informed trading, with Q. Guo and S. Huang (2024). [WP Version] Journal of Financial Markets 69, 100897.

• Government Intervention through informed trading in financial markets, with S. Huang, Z. Qiu and X. Wang (2022). [WP Version] Journal of Economic dynamics and Control 141, 104379.

• Rational inattention and the dynamics of conosumption and wealth in general equilibrium, with Y. Luo, J. Nie and E. Young (2017). [WP Version] Journal of Economic Theory 172, 55-87.

Other Publications

• Survival risk, the real interest rate, and the permanent income hypothesis in general equilibrium, with Hao Li and Rongsheng Tang (2026) [WP Version] Economics Letters 267, 113072.

• Revisiting optimal capital taxation with the spirit of capitalism, with Hao Li and Jun Yu (2025). Annals of Economics and Finance 26(2), 501-524.

• Optimal fiscal and monetary policy in economies with captial, with Xiaojun Bu (2025). Annals of Economics and Finance 26(1), 177-211 . 

• On the asymptotic performance of affirmative actions in shool choice, with Di Feng and Yun Liu (2023). Annals of Economics and Finance 24(2), 289-307.

• Educational mismatch and income inequality, with Rongsheng Tang (2021). Economic Modelling 100, 105525.

• The spirit of capitalism and optimal capital taxation, with F. Li and H. Zou (2020). Economics Letters 192, 10924.

• Uniqueness and determinacy of the Romer model, with Rongsheng Tang and Jin Wang (2020). Annals of Economics and Finance 21(1), 71-83.

•  Romer meets Kongsamut-Rebelo-Xie in a nonbalanced growth model, with S. Li and J. Wang (2019). Economics Letters 174, 100-103.

• 创新补贴、资本深化与中国经济结构转型, with 李芳慧 (2023). 经济学报 10(04), 30-64. 中国人民大学复印报刊资料《产业经济学》2024年第5期转载

• 中国产业结构转型特征事实的一个理论解释, with 史博文  (2018) 经济学报 5(02), 43-62. 中国人民大学复印报刊资料《产业经济学》2019年第1期转载

• CPI与PPI背离的结构性解释, with 吕捷 (2015) 经济研究, 50(04), 136-149. (封面文章)

• Consumption externality and indeterminacy under increasing returns to scale and endogenous captial depreciation, with Heng-fu Zou (2014). Economic Modelling 38, 282-287.

• Inflation aversion and macroeconomic policy in a perfect foresight monetary model, with Heng-fu Zou (2011). Economic Modelling 28(4), 1802-1807.