Monetary policy transmission in China: Dual shocks with dual bond markets

El-Shagi, Makram / Jiang, Lunan

Macroeconomic Dynamics (forthcoming)

Directional Accuracy of Singapore´s Economic Forecast

Ahn, Young Bin / Tsuchiya, Yoichi

Singapore Economic Review (forthcoming)

Chinese Aid and Nutrition Improvement in Sub-Saharan Africa

Xu, Zhicheng / Zhang, Yu /  Li, Dongying

Applied Economics (forthcoming)

Money demand by firms, labor market frictions, and optimal long-run inflation

Kiarsi, Mehrab

Macroeconomic Dynamics (forthcoming)

Institutional Similarity and Bilateral FDI

El-Shagi, Makram / Muhammad, Bashir

Journal of the Knowledge Economy (forthcoming)




Obedience to the Symbol of Authority: Experimental Evidence on the Symbolic Source of Legitimate Authority

Xu, Zhicheng

European Journal of Political Economy, Vol. 78, 102354, 2023

Taylor Rules around the World: Mapping Monetary Policy

El-Shagi, MakramMa, Yishuo

Economics Letters, Vol. 232, 111275, 2023

Tax Smoothing in Frictional Labor Markets: A Comment

Kiarsi, Mehrab

Journal of Political Economy, Vol. 131 (5), 2023

Interest margins, lending rates and bank productivity among Chinese provinces

Dia, Enzo / Jiang, Lunan / Menna, Lorenzo / Zhang, Lin

International Review of Economics & Finance, Vol. 84, pp. 104-127, 2023

Productivity Shocks and Capital Flows

El-Shagi, Makram

Economics Letters, Vol. 225, 111015, 2023 





Productivity, agglomeration, and exporting directly: evidence from the Chinese textile industry

Xu, Zhicheng / Zhang, Yu

China Economic Quarterly International, Vol. 2 (3), pp. 178-189, 2022

Productivity, agglomeration, and exporting directly: evidence from the Chinese textile industry

Cassey, Andrew / Wang, Qianqian

Journal of International Trade and Economic Development, Vol. 31 (8), pp. 1149-1172, 2022

Chinese dialects, culture & economic performance

Zhu, Junbing / Grigoriadis, Theocharis N.

China Economic Review, 101783, June 2022

Measuring the dynamics of provincial real economies in China

Jiang, Lunan / Zhang, Lin

Applied Economics Letters, Vol. 29 (2), pp. 1096-1101, 2022

Do expert experience and characteristics affect inflation forecasts?

Benchimol, Jonathan / El-Shagi, Makram / Saadon, Yossi

Journal of Economic Behavior & Organization, Vol. 201, pp. 205-226, 2022

The Income Elasticity of Import Demand: A Meta-Survey

El-Shagi, Makram / Sawyer, W. Charles / Tochkov, Kiril

Pacific Economic Review, Vol. 27 (1), pp. 18-41, 2022

Divisia Monetary Aggregates for Russia: Money Demand, GDP Nowcasting, and the Price Puzzle

El-Shagi, Makram / Tochkov, Kiril

Economic Systems, Vol. 46 (4), 2022 

The Credit Risk of Chinese Households: A Micro-Level Assessment

Funke, Michael / Sun, Rongrong / Zhu, Linxu

Pacific Economic Review, Vol. 27 (3), pp. 254-276, 2022 

Social Networks and Household Financial Decisions: Evidence from China

Jiang, Mingming / Sun, Rongrong / Zhang, Bo

Journal of Applied Economics, Vol. 25 (1), pp. 58-92, 2022

Why they keep missing: An empirical investigation of sovereign bond ratings and their timing

El-Shagi, Makram / von Schweinitz, Gregor 

Scottish Journal of Political Economy, Vol. 69 (2), pp. 186-224, 2022

Shadow of the Colossus: Euro Area Spillovers and Monetary Policy in Central and Eastern Europe

El-Shagi, Makram / Tochkov, Kiril

Journal of International Money and Finance, Vol. 120, 102501, 2022  

Money Demand in China - A Meta Analysis

El-Shagi, Makram / Zheng, Yizhuang

Emerging Markets, Finance and Trade,  Vol. 58 (1), pp. 145-163, 2022

Transboundary Pollution Control and Competitiveness ConcernsTransboundary Pollution Control and Competitiveness Concernsin a Two‑Country Differential Game

Marsiglio, Simone / Masoudi, Nahid

Environmental Modeling & Assessment, Vol. 27 (1), pp. 105-118, 2022






Asymmetric loss of macroeconomic forecasts in South Asia: evidence from the SPF survey of India, Indonesia, and Singapore

Ahn, Young Bin / Tsuchiya, Yoichi

Emerging Markets, Finance and Trade,  Vol. 57 (12), pp. 3489-3507, 2021 

Financial Capability and Investment Management of Chinese Households: An Application of Hybrid Item Response Theory

Chiang, Tsun-Feng

Journal of Consumer Affairs, Vol. 55 (4), pp. 1442-1463, 2021 

IMF Conditionality and Capital Controls: Capital Account Liberalization to Capital Inflow Management?

El-Shagi, Makram / Yamarik, Steven

Review of International Economics, Vol. 29 (3), pp. 590-605, 2021 

Masoudi, Nahid / Bowie, Donique

Journal of Economic Studies, Vol. 48 (8), pp. 1528-1547, 2021

Tong, Bing / Yang, Guang

Applied Economics, Vol. 53 (26), pp. 2993-3022, 2021

Zhang, Yu / Xu, Zhicheng Phil / Kibriya, Shahriar

Journal of Comparative Economics, Vol. 49 (3), pp. 776-800, 2021

 Yinghui Chen / Jiang, Lunan

 International Review of Finance, Vol. 21 (4), pp. 1117-1151, 2021

The Effects of Capacity Reduction Policy Under the Interest Rate Peg in China

Tong, Bing

Journal of Asian Economics, Vol. 74, 101311, 2021

Competitive Elections, incumbency advantage, and accountability

Klingelhöfer, Jan

Economic Theory, Vol. 71, pp. 1397–1428, 2021

Fiscal Policy and fiscal fragility: Empirical evidence from the OECD

El-Shagi, Makram / von Schweinitz, Gregor

Journal of International Money and Finance, Vol. 115, 102292, 2021

Requiem for the interest rate controls in China

Sun, Rongrong

Pacific Economic Review, Vol. 26 (2), pp. 139 - 160, 2021

When Does Monetary Measurement Matter (Most)?

El-Shagi, Makram

Macroeconomic Dynamics, Vol. 25 (1), pp. 240-256, 2021

The Effects of Centralized Power and Institutional Legitimacy on Collective Action

Castillo, Jose G. / Xu, Zhicheng / Zhang, Ping / Zhu, Xiacheng

Social Choice and Welfare, Vol. 56(2), pp. 385-419, 2021





Fiscal Expenditure and Industrial Land Price in China: Theory and Evidence

Tsai, Pi-Han / Huang, Chien-Yu / Chiang, Tsun-Feng

Contemporary Economic Policy, Vol. 38 (4), pp. 593-606, 2020

 Trade Effects of Silver Price Fluctuations in 19th-Century China: A Macro Approach

El-Shagi, Makram / Zhang, Lin

China Economic Review, Vol. 63, October 2020

Forecast Performance in Times of Terrorism

Benchimol, Jonathan /  El-Shagi, Makram 

Emerging Markets, Finance and Trade, Vol. 91, pp. 386-402, September 2020

Monetary Policy Announcements and Market Interest Rates´ Response: Evidence from China

Sun, Rongrong

Journal of Banking and Finance, Vol. 113, April 2020




State-Level Capital and Investment: Refinements and Update

Makram El-Shagi / Steven J. Yamarik

Growth and Change, A Journal of Urban and Regional Policy, Vol. 50(4), pp. 1411-1422, December 2019

Conveniently dependent or naively overconfident? An experimental study on the reaction to external help

Yinjunjie Zhang / Zhicheng Phil Xu / Marco A. Palma

Plos One, Vol. 14(5): e021661, 2019

What Can We Learn from Country Level Liquidity in the EMU?

El-Shagi, Makram / Logan, Kelly J.

Journal of Financial Stability, Vol. 42, pp 75-83, June 2019

Shadow of a Doubt: Moral Excuse in Charitable Giving

Marco A. Palma / Zhicheng Phil Xu

Review of Behavioral Economics, Vol. 6 (2), pp 133-146, 2019

The Impact of Inequality and Redistribution on Growth

El-Shagi, Makram / Shao, Mingliang

Review on Income and Wealth, Vol. 65 (2), pp. 239-263, 2019

A Simple Estimator for Smooth Local Projections

El-Shagi, Makram

Applied Economics Letters, Vol. 26 (10), pp. 830-834, 2019

Rationality Tests in the Presence of Instabilities in Finite Samples

El-Shagi, Makram

Economic Modelling, Vol. 79, pp. 242-246, June 2019

Macroprudential Policy, Central Banks and Financial Stability: Evidence from China

Klingelhöfer, Jan / Sun, Rongrong

Journal of International Money and Finance, Vol. 93, pp. 19-41, May 2019

Lobbying and Elections

Klingelhöfer, Jan

Bulletin of Economic Research, Vol. 71(1), pp. 1-17, January 2019





Sanitary and phytosanitary measures in Chinese agriculture exports: the role of trade intermediaries

Gibson, M. / Wang, Qianqian

Applied Economics, Vol. 50(27), pp. 3007-3015, 2018 

Dividend taxes and investment during the U.S. Great Depression

Jiang, Lunan

Economics Letters, Vol. 167, pp. 147-151, June 2018

The Joint Dynamics of Sovereign Ratings and Government Bond Yields

El-Shagi, Makram / von Schweinitz, Gregor

Journal of Banking and Finance, Vol. 97, December 2018, pp. 198-218

Directional Accuracy of Urban Consumers’ Inflation Forecasts in China of Urban Consumers’ Inflation Forecasts in China

Ahn, Young Bin

Emerging Markets Finance and Trade, Vol. 54(6), pp. 1414-1424, 2018

A Narrative Indicator of Monetary Conditions in China

Sun, Rongrong

International Journal of Central Banking, Vol. 14(4), September 2018

Relationship between Oil Price and Exchange Rate by FDA and Copula 

Kim, Jong-Min / Jung, Hojin

Applied Economics, Vol. 50 (22), pp. 2486-2499, 2018

Dependence Structure between Oil Prices, Exchange Rates, and Interest Rates

Kim, Jong-Min / Jung, Hojin

The Energy Journal, Vol. 39 (2), pp. 233-258, April 2018

Time series forecasting using functional partial least square regression with stochastic volatility, GARCH, and exponential smoothing

Kim, Jong-Min / Jung, Hojin

Journal of Forecasting, Vol. 37 (3), pp. 269-280, April 2018

Exporters in cross section: direct vs. intermediated trade

Wang, Qianqian / Gibson, Mark J.

Review of International Economics, Vol. 26 (1), pp. 84-95, 2018





Household Characteristics and the Change of Financial Risk Tolerance during the Financial Crisis in the US

Chiang, Tsun-Feng / Xiao, Jing Jian

International Journal of Consumer Studies, Vol. 41 (5) September 2017, pp. 484-493

Does an Economically Active Population Matter in Housing Price?

Choi, Changkyu / Jung, Hojin

Applied Economics Letters, Vol. 24 (15) 2017, pp. 1061-1064

Dealing with Small Sample Bias in Post-Crisis Samples

El-Shagi, Makram

Economic Modelling, Vol. 65 September 2017, pp. 1-8

For They Know Not What They Do – Monetary Policy During the Great Moderation

El-Shagi, Makram / Kelly, Logan J.

Applied Economics Letters, Vol. 24 (10) 2017, pp. 717-721

Empirics on the long-run effects of building energy codes in the housing market

El-Shagi, Makram / Michelsen, Claus / Rosenschon, Sebastian

Land Economics, Vol. 93(4) November 2017, pp. 585-607

Does the Confucius Institute Network Impact Cultural Distance? A Panel Data Analysis of Cross-Border Flows in and out of China

Ghosh, Sucharita / Lien, Donald and Yamarik, Steven

Asian Economic Journal, Vol. 31(3) 2017, pp. 299–323

The Negative Consequences of School Bullying on Academic Performance and Mitigation through Female Teacher Participation: Evidence from Ghana

Kibriya, Shahriar / Xu, Zhicheng / Zhang, Yu

Applied Economics, Vol. 49 (25) 2017, pp. 2480-2490

A New Generalized Volatility Proxy via the Stochastic Volatility Model

Kim, Jong-Min / Jung, Hojin / Qin, Li

Applied Economics, Vol. 49 (23) 2017, pp. 2259-2268

Can Asymmetric Conditional Volatility Imply Asymmetric Tail Dependence?

Kim, Jong-Min / Jung, Hojin

Economic Modelling, Vol. 64 August 2017, pp. 409-418