Deputy Director - Prof. Lunan Jiang, PhD

Research Interests

Macroeconomics, Fiscal and Monetary Policy, Corporate Finance and Wealth and Income Inequality

Education

Ph.D. Economics
Stony Brook University, New York, 2014

M.A. Economics
Peking University, 2010

B.A. Economics
Central University of Finance and Economics, Beijing, 2006

Publications

1. How the PBoC’s new MLF affects the yield curve (with Makram El-Shagi), Journal of International Money and Finance, Vol. 154, 103327, 2025.
   
   
2. Sectoral shocks, production linkages, and business cycles in China (with Young Sik Kim and Lin Zhang), China Economic Review, Vol. 87, 102211, 2024.
   
   
3. Monetary policy surprises and corporate investment growth in China (with Yinghui Chen and Lin Zhang), Economic Modelling, Vol. 131, 106615, 2024.
   
   
4. Interest margins, lending rates and bank productivity among Chinese provinces (with Dia Enzo, Menna Lorenzo, and Zhang Lin), International Review of Economics & Finance, Vol. 84, pp. 104-127, 2023. 
   
   
5. Monetary policy transmission in China: Dual shocks with dual bond markets (with Makram El-Shagi), in: Macroeconomic Dynamics, Vol. 28(7), pp. 2229-2251, 2023. 
   
   
6. Measuring the dynamics of provincial real economies in China (with Zhang Lin), in: Applied Economics Letters, Vol. 29 (2), pp. 1096-1101, 2022
   
   
7. Liquidity risk and corporate bond yield spread: Evidence from China (with Yinghui Chen), in: International Review of Finance, Vol. 21 (4), pp. 1117-1151, 2021
   
   
8. Dividend taxes and investment during the U.S. Great Depression, in: Economics Letters, Vol. 167, pp. 147-151, June 2018.