Research Topic:

• 2020: Monetary Policy, Foreign Exchange Policy, and Exchange Rate in China
• 2017: How the People’s Bank of China Conducts Monetary Policy: From Quantity Based Framework to Interest Rate Based Framework
• 2016: Monetary Policy Shocks and Exchange Rate in Emerging Asian Countries
• 2011: Effects of Monetary Policy Shocks on Exchange Rate in Emerging Asian Countries: Role of Foreign Investors in Stock vs. Bond Markets
• 2007: Transmission of Structural Shocks and Sources of Economic Fluctuation in the New Open Economy Macro Model

• From a Quantity to an Interest Rate-Based Framework: Multiple Monetary Policy Instruments and Their Effects in China
• Effects of Monetary Policy Shocks on Exchange Rate in Emerging Countries
• The RMB Debate: Empirical Analysis on the Effects of Exchange Rate Shocks in China and Japan
• International Macroeconomic Fluctuations: A New Open Economy Macroeconomics Interpretation

• 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

• 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

• 2020 Diversification, efficiency and risk-taking of banks: Evidence from emerging economies