Zhentong L(y)u (吕振通)
Financial Stability Department, Bank of Canada
Office Tel: +1-613-782-1409
Research Interests: Econometric Methods, Empirical Economics/Finance
Profiles: Bank of Canada; Google Scholar; SSRN; ORCID; RePEc
Research Papers (by Subject/Latest Update)
- Demand Estimation
Semi-Nonparametric Estimation of Random Coefficient Logit Model for Aggregate Demand (with Xiaoxia Shi and Jing Tao) [PDF] July 2022, accepted by Journal of Econometrics.
Estimating Demand for Differentiated Products with Zeroes in Market Share Data (with Amit Gandhi and Xiaoxia Shi) [PDF], January 2022, forthcoming at Quantitative Economics. [Replication files]
Estimating Multinomial Choice Models with Unobserved Choice Sets, Journal of Econometrics, [DOI], February 2022.
- Online Marketplace
Flagship Entry in Online Marketplaces (with Ginger Zhe Jin, Xiaolu Zhou, Lu Fang), [PDF], working paper, November 2022.
The Effects of Government Licensing on E-Commerce: Evidence from Alibaba (with Ginger Zhe Jin, Xiaolu Zhou, Chunxiao Li), Journal of Law and Economics, [DOI], February 2022.
- Financial Market Infrastructure
How Banks Create Gridlock to Save Liquidity in Canada's Large Value Payment System (with Rodney Garratt and Phoebe Tian) [Bank of Canada Staff Working Paper], May 2023.
From LVTS to Lynx: Quantitative Assessment of Payment System Transition (with Ajit Desai, Hiru Rodrigo, Jacob Sharples, Phoebe Tian, Nellie Zhang), [Bank of Canada Staff Working Paper], [Central Banking coverage], April 2023.
Transmission of Cyber Risk Through the Canadian Wholesale Payment System (with Anneke Kosse), [Bank of Canada Staff Working Paper], accepted by Journal of Financial Market Infrastructures, February 2023.
Quantifying the economic benefits of payment modernization: the case of the large-value payment system (with Neville Arjani and Fuchun Li), [Payment Canada Discussion Papers], [Bank of Canada Staff Working Paper], accepted by Journal of Financial Market Infrastructures, October 2022.
Predicting Payment Migration in Canada (with Anneke Kosse and Gabriel Xerri), Journal of Financial Market Infrastructures [DOI], March 2021.
An Economic Perspective on Payments Migration (with Anneke Kosse and Gabriel Xerri), [Bank of Canada Staff Working Paper], June 2020.
Examining the Impact of Cooling Measures on China's New Home Market (with Sisi Zhang and Jian Hong), China Economic Review [DOI], June 2021.
Examining the Zero-Markup Drug Policy in China: A Structural Approach (with Qifan Huang and Castiel Chen Zhuang), [PDF], working paper, March 2023.
Measuring the Effectiveness of Salespeople: Evidence from a Cold-Drink Market (with Haofeng Jin), [Bank of Canada Staff Working Paper], August 2021.
Not too much nor too little: Salience bias in mobile plan choices (with Haofeng Jin, Liqiang Huang and Junsheng Dou), Telecommunications Policy [DOI], May 2021.