E221 Locust Street Building
Columbia, MO 65211
Ph.D. Economics, Cornell University, 2007
M.A. Economics, University of Missouri, 2002
B.A. Economics, Fudan University, 1998
Professor, Department of Economics, University of Missouri, 2020—
Associate Professor, Department of Economics, University of Missouri, 2013—2020
Assistant Professor, Department of Economics, University of Missouri, 2007—2013
Associate Editor, European Economic Review, 2019—
Associate Editor, Journal of Money, Credit and Banking, 2023—
Visiting Research Fellow, Hong Kong Institute for Monetary Research, May 2018.
Visiting scholar, Federal Reserve Bank of St. Louis, Spring 2011, Spring 2012, Spring 2015.
Visiting scholar, Federal Reserve Bank of Philadelphia, September 2013
Visiting scholar, Southwestern University of Finance and Economics, China, June 2010, June 2011, July 2012, June 2018.
"Diamond-Dybvig and Beyond: on the Instability of Banking," with Cyril Monnet, Ed Nosal and Randall Wright, European Economics Review, forthcoming.
“The Effects of News When Liquidity Matters,” with Han Han and Randall Wright, International Economic Review 61 (2020), 1411-1435.
“The Effects of Monetary Policy Announcements,” with Han Han and Randall Wright, Oxford Research Encyclopedia of Economics and Finance (2019).
“New Monetarist Economics,” with Han Han and Randall Wright, Oxford Research Encyclopedia of Economics and Finance (2019).
“Monetary Mechanisms,” with Randall Wright, Journal of Economic Theory 163 (2016), 644-657.
“Money and Credit Redux,” with Fabrizio Mattesini and Randall Wright, Econometrica 84 (2016), 1-32, lead article.
“Unconventional Optimal Open Market Purchases,” with Joseph Haslag, Review of Economic Dynamics 17 (2014), 543-558.
“Endogenous Credit Cycles,” with Fabrizio Mattesini, Cyril Monnet and Randall Wright, Journal of Political Economy 121 (2013), 940-965.
“Banking: A New Monetarist Approach,” with Fabrizio Mattesini, Cyril Monnet and Randall Wright, Review of Economic Studies 80 (2013), 636-662.
“Withdrawal History, Private Information, and Bank Runs,” with Carlos Garriga, Federal Reserve Bank of St. Louis Review, July/August (2012), 305-320.
“Noisy Sunspots and Bank Runs,” Macroeconomic Dynamics 15 (2011), 398-418.
“Production, Hidden Action, and the Payment System,” with Mark Guzman and Joseph Haslag, Journal of Monetary Economics 58 (2011), 172-182.
“Herding and Bank Runs,” Journal of Economic Theory 146 (2011), 163-188.
“Optimal Intermediary Contract,” with Nabi Arjmandi and Joseph Haslag.
“Credit Condition, Inflation and Unemployment,” with Janet Hua Jiang and Liang Wang.
“Market Freezes,” with Guido Menzio, Randall Wright and Yu Zhu.
"Some New Monetarist Arithmetic," with Randall Wright.
“Endogenous Cycles in a Competitive Search Credit Market.”
"Intermediate Asset Market Dynamics: A Search-Theoretic Approach," with Lu Wang and Randall Wright
ADWARDS AND HONORS
Leaders Board Fellowship in Economics, University of Missouri, 2020
Research Fellowship, Hong Kong Institute for Monetary Research, 2018
Murray Faculty Fellowship Award in Economics, University of Missouri, 2017
EPARC Grant, University of Missouri, 2012, 2013, 2015, 2016
TEACHING (University of Missouri)
Advanced Macroeconomics Theory I, FA07, FA09–FA16, FA20-22
Advanced Macroeconomics Theory II, SP18–SP20
Advanced Money and Banking, SP09,FA10,FA12,FA13,FA15,FA20-22
Central Banking Theory, SP18–SP20
Macroeconomic Theory, SP17, SP18, FA19-22
Intermediate Macroeconomics, SP08, FA08, SP09, SP10, FA11, SP13
Intermediate Microeconomics, FA14, SS16–SS21
Dynamic Optimization and its Application to the Natural Sciences and Economics, SP14
Ongoing: PhD committee chair: Nabi Arjmandi, William Park, Qinhua Xie
2022: PhD committee chair: Heon Lee
2019 PhD committee member: Rebecca Whitworth; MA committee chair: Jingjie Huang
2018 PhD committee chair: Xinpeng Wei
2017 PhD committee member: Sumitrra Ganguli
2016 PhD committee chair: Jian Song; PhD committee member: Fan Yang; MA committee member: Mirewuti Muhetaer
2014 PhD committee member: Xue Li, Kuo-Hsuan Chin
2013 MA committee chair: Guangyao Zhou
2012 MA committee chair: Yan Meng, Gang Wang, Boxu Zhou; PhD committee member: Cenghang Zeng
2011 MA committee chair: Hanyu Wang; PhD committee member: Jae Ryung Choi
2010 MA, committee member: Saksit Wattanadej
Macro Search Chair, 2022 – 2023
Faculty Awards Coordinator, 2019 –2021
Graduate Studies/Doctoral Faculty Screening Committee, 2014 –
Library Liaison, 2007 – 2014
Macroeconomics Comprehensive Examination Committee, 2009 – 2011, 2013 –
Seminar Coordinator, 2010 – 2011