• mem_photo_0_21_130_dsc05241-jpg
    Philippe BACCHETTA (Research Fellow)

    University of Lausanne
    (October - December 2012 ; April - May 2008)

    mem_photo_0_21_130_dsc05241-jpg

    Philippe BACCHETTA (Research Fellow)

    University of Lausanne
    (October - December 2012 ; April - May 2008)
    Research Topic:
    • 2012: Optimal Exchange Rate Policy in a Growing Semi-Open Economy
    • 2008: Understanding the unstable relationship between exchange rates and macroeconomic fundamentals
    Working Papers:
    • Optimal Exchange Rate Policy in a Growing Semi-Open Economy
    • The Great Recession: A Self-Fulfilling Global Panic
    • Sudden Spikes in Global Risk
    • Self-Fulfilling Risk Panics
    • On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals
    Personal website: http://www.hec.unil.ch/pbacchetta/
    Email: [email protected]
  • mem_photo_0_21_200_2012242-jpg
    Julan Du (Research Fellow)

    The Chinese University of Hong Kong
    (August - December 2012 (Part-time basis))

    mem_photo_0_21_200_2012242-jpg

    Julan Du (Research Fellow)

    The Chinese University of Hong Kong
    (August - December 2012 (Part-time basis))
    Research Topic:
    • 2012: Institutional Foundations of the Unbalanced Consumption-Investment Structure in China
    Working Papers:
    • Chinese Political and Economic Governance System and the Imbalance between Consumption and Investment
    • Channels of Interprovincial Risk Sharing in China
    • Does Insider Trading Raise Market Volatility?
    Personal website: http://www.econ.cuhk.edu.hk/dept/staffPersonal.php?st_id=jldu&title=ASOP&isHead=N
    Email: [email protected]
  • mem_photo_0_21_198_2012119
    Roger FARMER (Research Fellow)

    University of California Los Angeles
    (July 2012)

    mem_photo_0_21_198_2012119

    Roger FARMER (Research Fellow)

    University of California Los Angeles
    (July 2012)
    Research Topic:
    • 2012: Unconventional Monetary Policy: Theory and Applications
    Working Papers:
    • The Evolution of Endogenous Business Cycles
    Personal website: http://www.econ.ucla.edu/faculty/regular/Farmer.html
    Email: [email protected]
  • 2012167
    Scott DAVIS (Research Fellow)

    Federal Reserve Bank of Dallas
    (Jul - Aug 2014; Jul - Aug 2012)

    2012167

    Scott DAVIS (Research Fellow)

    Federal Reserve Bank of Dallas
    (Jul - Aug 2014; Jul - Aug 2012)
    Research Topic:
    • 2014: The Macroeconomic Effects of Debt- and Equity-Based Capital Inflows and Policy Measures to Mitigate Those Effects
    • 2012: The Effect of Commodity Price Shocks on Underlying Inflation: The Role of Central Bank Credibility
    Working Papers:
    • Credit Booms, Banking Crises, and the Current Account
    • The Macroeconomic Effects of Debt- and Equity-Based Capital Inflows
    • The Effect of Commodity Price Shocks on Underlying Inflation: The Role of Central Bank Credibility
    Personal website: http://www.dallasfed.org/research/economists/davis.cfm
    Email: [email protected]
  • mem_photo_0_21_133_eric_new
    Eric GIRARDIN (Research Fellow)

    Aix-Marseille University
    (April - May 2024 ; May - December 2017; May 2013; December 2012; November 2010 ; September 2010 ; April 2010 ; January 2009 ; September 2008)

    mem_photo_0_21_133_eric_new

    Eric GIRARDIN (Research Fellow)

    Aix-Marseille University
    (April - May 2024 ; May - December 2017; May 2013; December 2012; November 2010 ; September 2010 ; April 2010 ; January 2009 ; September 2008)

    Research Topic:

    • 2024: Dating Housing Bubbles in Hong Kong
    • 2017: China’s Yield Curve and Monetary policy
    • 2012 - 2013: Speculation or Macro Fundamentals as a Source of Commodity Futures Price Volatility in China: A GARCH-MIDAS Approach
    • 2010: Central Bank Communication and Financial Markets in China
    • 2008 - 2009: Information Content of Order Flow and Cross-Market Flight Behaviour: Evidence from the Chinese Stock and Bond Markets
    Working Papers:
    • Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy
    • China’s Monetary Policy Communication: Money Markets not only Listen, They also Understand
    • Information Content of Order Flow and Cross-market Portfolio Rebalancing: Evidence for the Chinese Stock, Treasury and Corporate Bond Markets
    Personal website: http://www.greqam.fr/en/users/girardin
    Email: [email protected]
  • 2012263-jpg
    Yulei LUO (Research Fellow)

    The University of Hong Kong
    (October - November 2012 (Part-time basis))

    2012263-jpg

    Yulei LUO (Research Fellow)

    The University of Hong Kong
    (October - November 2012 (Part-time basis))
    Research Topic:
    • 2012: Robust Real Business Cycles in Small-Open Economies
    Working Papers:
    • Elastic Attention, Risk Sharing, and International Comovements
    • Robust Control, Informational Frictions, and International Consumption Correlations
    Personal website: http://www.sef.hku.hk/~yluo
    Email: [email protected]
  • mem_photo_0_21_193_2012025-jpg
    Pym MANOPIMOKE (Research Fellow)

    University of Kansas
    (February 2012)

    mem_photo_0_21_193_2012025-jpg

    Pym MANOPIMOKE (Research Fellow)

    University of Kansas
    (February 2012)
    Research Topic:
    • 2012: Domestic and Foreign Output Gap Effects on Hong Kong Inflation Dynamics: An Unobserved Components Approach
    Working Papers:
    • Hong Kong Inflation Dynamics: Trend and Cycle Relationships with the U.S. and China
    Personal website: http://people.ku.edu/~p112m883/
    Email: [email protected]
  • mem_photo_0_21_194_mem_photo_0_21_194_2012028
    Nelson C. MARK (Research Fellow)

    University of Notre Dame
    (February - March 2012)

    mem_photo_0_21_194_mem_photo_0_21_194_2012028

    Nelson C. MARK (Research Fellow)

    University of Notre Dame
    (February - March 2012)
    Research Topic:
    • 2012: Understanding Household Saving Rates in China
    Working Papers:
    • The Role of Household Saving in the Economic Rise of China
    • Exchange Rates as Exchange Rate Common Factors
    Personal website: http://www.nd.edu/~nmark
    Email: [email protected]
  • paul-mcnelis_115302
    Paul McNELIS (Research Fellow)

    Fordham University
    (Sep 2016 - Mar 2017; Jul 2015; Dec 2012; Mar - Apr 2009; Dec 2004; Aug 2004; Dec 2003; Jul - Aug 2003)

    paul-mcnelis_115302

    Paul McNELIS (Research Fellow)

    Fordham University
    (Sep 2016 - Mar 2017; Jul 2015; Dec 2012; Mar - Apr 2009; Dec 2004; Aug 2004; Dec 2003; Jul - Aug 2003)
    Research Topic:
    • 2016: China’s Monetary Transmission Mechanism: Time for the Taylor Rule?
    • 2015: Quantitative Easing and Tapering Near and Far: Quantifying the Effects on Emerging Markets
    • 2012: Finding Stability in a Time of Crisis: Lessons of East Asia for Eastern Europe following Sudden-Stops in External Credit
    • 2009: A Bayesian Macroeconomic Analysis of Hong Kong: Price Stickiness, Financial Frictions and Sources of Volatility
    • 2004: The Risks of Renminbi Revaluation and Hong Kong Financial Market Adjustment
    • 2003: Deflation Dynamics in Hong Kong
    Working Papers:
    • Policy Rules in Times of Prolonged Crisis: Quantitative Easing Abroad and Fiscal Adjustment at Home
    • Monetary Rules and Policy Targets under Managed Exchange Rates and Capital Controls: The Case of China
    • Finding Stability in a Time of Crisis: Lessons of East Asia for Eastern Europe
    • Structural Change and Counterfactual Inflation-Targeting in Hong Kong
    • Renminbi Revaluation, Euro Appreciation and Chinese Markets: What Can We Learn From Data?
    • Deflationary Dynamics in Hong Kong: Evidence from Linear and Neural Network Regime Switching Models
    • A Comparison of US and Hong Kong Cap-Floor Volatility Dynamics

    Paul D. McNelis holds the Robert Bendheim Chair in Economic and Financial Policy in the Department of Finance, Graduate School of Business Administration, Fordham University. His office is located at 1790 Broadway, Room 1322. He arrived at Fordham in Fall, 2005.

    McNelis was previously a Professor of Economics at Georgetown, joining the faculty in 1977 as an Assistant Professor. His Ph. D. is from Johns Hopkins University in Baltimore and his undergraduate degree is from Boston College. He was born in Hazleton, Pa., where his father was Executive Director of the United Mine Workers Health and Welfare Fund, and his mother worked for the Pennsylvania State Department of Employment Security. After completing his theological studies McNelis was ordained as a Catholic priest for the Maryland Province of the Society of Jesus on June 4, 1977 .

    At Georgetown McNelis regularly taught courses in the fields of International Finance, Macro, and Monetary Economics. McNelis also worked as the faculty liaison of the Georgetown M.A.-Economics collaborative program (Instituto Latinoamericano de Doctrina y Estudios Sociales, ILADES ) since its 1987 inception in Santiago,Chile. ILADES is now part of the newly formed Universidad Alberto Hurtado in Santiago.

    McNelis has worked with various international development organizations in Washington as well as central banks throughout the world, such as the Central Bank of Ireland, the Reserve Bank of Australia, the Reserve Bank of New Zealand, the Bank of Indonesia, the Hong Kong Monetary Authority, the Bank of Japan, the Central Bank of the Philippines, and Bank Bangladesh.

    McNelis was also a visiting professor at Trinity College, Dublin in 1986-87, the first Philips visiting professor at the Vargas Foundation in Sao Paulo, Brazil during the 1994-95 academic year, and the Gasson Professor of Economics at Boston College during the 2001-02 academic year. He has taught in multiple languages, offering short courses on Neural Networks and Finance in Portuguese in Sao Paulo and Brasilia, Brazil, and in Spanish in Barcelona, Leon, and Santiago, Chile.

    His writings are in the field of Computational Macroeconomics, concentrating on problems of adjustment and financial liberalization in Latin America and Asia. His current research is on applications of neural networks and genetic algorithms for predicting exchange rate and asset-price instabilities, for assessing the effects of alternative monetary aggregates on inflation and interest rates in the short run, for evaluating credit risks in emerging markets, and solving real business cycle models.

    Neural Networks in Finance: Gaining Predictive Edge in the Market, (Elsevier Academic Press) was published in Jan. 2005, and another book, Computational Macroeconomics for the Open Economy (MIT Press), appeared in Oct. 2008 The latter is a collaborative venture with Professor Guay C. Lim of the Melbourne Institute of Applied Economic and Society Research, University of Melbourne, Australia.

    Personal website: http://www.bnet.fordham.edu/mcnelis/biograph1.htm
    Email: [email protected]
  • mem_photo_0_21_186_davidng_2011091_resized
    David NG (Research Fellow)

    Cornell University
    (Dec 2016; May - Jun 2014 ; May - Jun 2012, May - July 2011)

    mem_photo_0_21_186_davidng_2011091_resized

    David NG (Research Fellow)

    Cornell University
    (Dec 2016; May - Jun 2014 ; May - Jun 2012, May - July 2011)
    Research Topic:
    • 2016: On- and Off-Shore Corporate Bonds in China
    • 2014: Where do Emerging Market Investors Invest?
    • 2012: Foreign Equity Investments by Emerging Market Investors
    • 2011: Foreign Investors and International Contagion
    Working Papers:
    • The Coming Wave: Where Do Emerging Market Investors Put Their Money?
    • The Coming Wave
    • How Important are Foreign Ownership Linkages for International Stock Returns?
    Personal website: http://dyson.cornell.edu/people/profiles/ng.php
    Email: [email protected]
  • mem_photo_0_21_64_2009443-1-2
    Shang-jin WEI (Research Fellow)

    Columbia University
    (Jun 2014 ; Jan 2014; Jan - Feb 2013 ; Jan 2012 ; Aug 2011 ; Mar 2010 ; Dec 2009 ; Nov 2009 ; May 2009 ; Feb 2009 ; Jan 2009 ; Jan 2008 ; Feb - Jun 2001 ; Oct - Nov 2000)

    mem_photo_0_21_64_2009443-1-2

    Shang-jin WEI (Research Fellow)

    Columbia University
    (Jun 2014 ; Jan 2014; Jan - Feb 2013 ; Jan 2012 ; Aug 2011 ; Mar 2010 ; Dec 2009 ; Nov 2009 ; May 2009 ; Feb 2009 ; Jan 2009 ; Jan 2008 ; Feb - Jun 2001 ; Oct - Nov 2000)
    Research Topic:
    • 2014: Transport Infrastructure and the Real Exchange Rate with Application to Asia
    • 2011 - 2013: Are Some Forms of Capital Flows Riskier Than Others? Lessons from the 2008-2009 Global Financial Crisis
    • 2009 - 2010: How Sustainable Is China’s High Savings Rate?
    • 2008 - 2009: Does Leapfrogging in Export Sophistication Raise Economic Growth? Evidence from China and Other Countries
    Working Papers:
    • Roads and the Real Exchange Rate
    • A Theory of the Competitive Saving Motive
    • The Chinese Corporate Savings Puzzle: A Firm-Level Cross-Country Perspective
    • Give Credit where Credit is Due: Tracing Value Added in Global Production Chains
    • Domestic Institutions and the Bypass Effect of Financial Globalization
    • The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis
    • The Value of Making Commitments Externally: Evidence from WTO Accessions
    • A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?
    • Corruption and Cross-Border Investment in Emerging Markets: Firm-Level Evidence
    • Does Insider Trading Raise Market Volatility?
    • Offshore Investment Funds: Monsters in Emerging Markets?

    Shang-Jin Wei has been appointed as the New Century Chair in International Economics and Senior Fellow by the Brookings Institution since July 1, 2000. Before that, he had been on the faculty of Harvard University for eight years, first as an assistant professor of public policy and then an associate professor of public policy at the Kennedy School of Government. He is concurrently a research fellow at the National Bureau of Economic Research (Cambridge, USA), Centre for Economic Policy Research (London, UK), and Harvard University's Center for International Development.

    An expert in international finance, open-economy macroeconomics, international trade and investment, and reform strategies in transition economies, he has published scholarly articles in top academic journals, including Quarterly Journal of Economics, Review of Economics and Statistics, American Economic Review, European Economic Review, Journal of International Economics, Journal of Development Economics, Brookings Papers on Economic Activity, and Canadian Journal Economics. He has published two books, and contributed many chapters in other books.

    Many of his research outcomes have useful policy implications and have been reported in eleven different newspapers and magazines, including most recently the Financial Times (November 17, 2000; May 30, 2000; and June 23, 1997), Economist magazine (September 9, 2000; January 16, 1999; and August 2, 1997), Time magazine (June 22, 1998), Business Week (January 12, 1998, and December 1997), and Hong Kong Economic Daily (October 18, 2000). His anti-corruption reform proposal, "Special Governance Zones," (with others) received a First-prize People's Choice Award at the second international Innovation Marketplace competition sponsored by the World Bank on February 8-9, 2000.

    Personal website: http://www.nber.org/~wei/
    Email: [email protected]
  • 2012335-jpg
    Eliza WU (Research Fellow)

    University of Technology, Sydney
    (Dec 2012 - Jan 2013)

    2012335-jpg

    Eliza WU (Research Fellow)

    University of Technology, Sydney
    (Dec 2012 - Jan 2013)
    Research Topic:
    • 2012 - 2013: Sovereign Debt Market Integration and the Effect of the Sovereign Debt Crisis of 2009-2012
    Working Papers:
    • The anatomy of sovereign risk contagion
    Personal website: http://www.finance.uts.edu.au/staff/Eliza/
    Email: [email protected]
  • Peter Tillmann
    Peter TILLMANN

    Justus–Liebig University Giessen
    (March 2024 - April 2024 ; January 2020 ; September - October 2017 ; September - October 2015 ; January - February 2014; February 2012 ; October 2011 ; September 2010 - October 2010)

    Peter Tillmann

    Peter TILLMANN

    Justus–Liebig University Giessen
    (March 2024 - April 2024 ; January 2020 ; September - October 2017 ; September - October 2015 ; January - February 2014; February 2012 ; October 2011 ; September 2010 - October 2010)

    Research Topic:

    • 2024: Monetary policy spillovers to Asia: Is this time different?
    • 2020: Monetary Policy Uncertainty in China
    • 2017: Asymmetric Monetary Policy Transmission in China: The Role of State‐Owned Enterprises
    • 2015: Monetary Policy in China: A Qual VAR Approach
    • 2014: The Effects of Unconventional Monetary Policies on Capital Flows to Emerging Market Economies
    • 2011 - 2012: House Prices in Asia: The Role of Capital Flows and LTV Ratios
    • 2010: Inflation Targeting and Inflation Persistence in Asia
    Working Papers:
    • Pushing on a String: State-Owned Enterprises and Monetary Policy Transmission in China
    • The Effectiveness of Monetary Policy in China: Evidence from a Qual VAR
    • Unconventional Monetary Policy Shocks and the Spillovers to Emerging Markets
    • Capital Inflows and Asset Prices: Evidence from Emerging Asia
    • Inflation Targeting and Inflation Persistence in Asia-Pacific
    Personal website: http://petertillmann.wordpress.com/
    Email: [email protected]
  • yavas
    Abdullah YAVAS

    University of Wisconsin – Madison
    (March - April 2019; July -August 2016, Dec 2012 - Jan 2013)

    yavas

    Abdullah YAVAS

    University of Wisconsin – Madison
    (March - April 2019; July -August 2016, Dec 2012 - Jan 2013)
    Research Topic:
    • 2019: Private Mortgage Securitization and Loan Origination Quality - New Evidence
    • 2016: Land Value, Mortgage Default Risk, and Macroprudential Policies
    • 2012 - 2013: Bubbles and Monetary Policy
    Working Papers:
    • Land Share, Mortgage Default, and Loan-to-Value Ratio as a Macro-Prudential Policy Tool
    • Asset Price Bubbles and Monetary Policy
    Personal website: http://bus.wisc.edu/faculty/abdullah-yavas
    Email: [email protected]
  • mem_photo_0_21_96_mem_photo_0_21_96_2010072
    Eric van WINCOOP (Research Fellow)

    University of Virginia
    (Jun 2018; Jun 2017; Nov - Dec 2015 ; Nov - Dec 2012 ; May - June 2010; May - June 2009; May 2008; November - December 2006; August 2005)

    mem_photo_0_21_96_mem_photo_0_21_96_2010072

    Eric van WINCOOP (Research Fellow)

    University of Virginia
    (Jun 2018; Jun 2017; Nov - Dec 2015 ; Nov - Dec 2012 ; May - June 2010; May - June 2009; May 2008; November - December 2006; August 2005)
    Research Topic:
    • 2018: Evidence of a Global Capital Flows Cycle
    • 2017: Understanding the Co-movement between Capital Inflows and Capital Outflows
    • 2015: Slow Money: Implications for Capital Flows and Business Cycles
    • 2012: On the Global Nature of the Great Recession
    • 2010: Risk, Liquidity and Leverage in Macroeconomics
    • 2009: Gravity in International Finance
    • 2008: International Capital Flows under Dispersed Information
    • 2006: A Model of External Adjustment
    • 2005: Predictable Expectational Errors in Financial Markets
    Working Papers:
    • Global Drivers of Gross and Net Capital Flows
    • Gradual Portfolio Adjustment: Implications for Global Equity Portfolios and Returns
    • The Great Recession: A Self-Fulfilling Global Panic
    • Sudden Spikes in Global Risk
    • Self-Fulfilling Risk Panics
    • Gravity in International Finance
    • On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals
    • Disconnect and Information Content of International Capital Flows: Evidence and Theory
    • International Capital Flows
    • Predictability in Financial Markets: What Do Survey Expectations Tell Us?
    Personal website: http://people.virginia.edu/~ev4n/
    Email: [email protected]
  • zhigang-tao_2012328-jpg
    Zhigang TAO (Research Fellow)

    The University of Hong Kong
    (Nov - Dec 2012)

    zhigang-tao_2012328-jpg

    Zhigang TAO (Research Fellow)

    The University of Hong Kong
    (Nov - Dec 2012)
    Research Topic:
    • 2012: How Do Chinese Exporters Respond to U.S. Antidumping Investigations?
    Working Papers:
    • How Do Exporters Respond to Antidumping Investigations?
    Personal website: http://www.fbe.hku.hk/Aboutus/Staff_Detail.cfm?StaffID=10
    Email: [email protected]
  • mem_photo_0_21_167_kevin-20tsui_2010282
    Kevin K. TSUI (Research Fellow)

    Clemson University
    (July - August 2012 ; December 2010 - January 2011 ; July 2010 - August 2010)

    mem_photo_0_21_167_kevin-20tsui_2010282

    Kevin K. TSUI (Research Fellow)

    Clemson University
    (July - August 2012 ; December 2010 - January 2011 ; July 2010 - August 2010)
    Research Topic:
    • 2012: Measuring Regional Growth in China from Outer Space
    • 2011: China’s Outward Direct Investment: Evidence from a New Micro Dataset
    • 2010: Geopolitics, World Oil Trade, and, China’s Oil Security Quest
    Working Papers:
    • China’s Outward Direct Investment: Evidence from a New Micro Dataset
    • Geopolitics, Global Patterns of Oil Trade, and China’s Oil Security Quest
    Personal website: http://www.clemson.edu/cbbs/faculty-staff/profiles/profile.html?userid=KTSUI
    Email: [email protected]
  • 2012267-jpg
    Chong Kee YIP (Research Fellow)

    The Chinese University of Hong Kong
    (October and December 2012)

    2012267-jpg

    Chong Kee YIP (Research Fellow)

    The Chinese University of Hong Kong
    (October and December 2012)
    Research Topic:
    • 2012: Monetary Policy, Taxation and Macroeconomic (In)Stability
    Working Papers:
    • Balanced-Budget Rules and Aggregate Instability: The Role of Consumption Taxes in a Monetary Economy
    Personal website: http://ihome.cuhk.edu.hk/~b660732/
    Email: [email protected]
  • mem_photo_0_21_184_2011040-jpg
    Chu ZHANG (Research Fellow)

    The Hong Kong University of Science and Technology
    (March 2011 - January 2012)

    mem_photo_0_21_184_2011040-jpg

    Chu ZHANG (Research Fellow)

    The Hong Kong University of Science and Technology
    (March 2011 - January 2012)
    Research Topic:
    • 2012: On the Effects of Changes in Official Interest Rate and Reserve Requirement
    Working Papers:
    • Rental Adjustment and Housing Prices: Evidence from Hong Kong’s Residential Property Market
    Personal website: http://www.bm.ust.hk/fina/staff/czhang.html
    Email: [email protected]
  • mem_photo_0_21_195_2012102-jpg
    Yinggang ZHOU (Research Fellow)

    The Chinese University of Hong Kong
    (April - June 2012 (part-time))

    mem_photo_0_21_195_2012102-jpg

    Yinggang ZHOU (Research Fellow)

    The Chinese University of Hong Kong
    (April - June 2012 (part-time))
    Research Topic:
    • 2012: What Makes the VIX Tick?
    Working Papers:
    • Rental Rates under Housing Price Uncertainty: A Real Options Approach
    • What Makes the VIX Tick?
    Occasional Papers:
    • China’s Road to Financial Opening: A Perspective of Chinese Individual Outward Investments and the Role of Hong Kong (Chinese Version)
    Personal website: http://www.baf.cuhk.edu.hk/staff/academicfaculty-detail.asp?DID=&StaffID=448
    Email: [email protected]