报告安排：

报告主题：Asset-market Sentiments and Business-cycle Fluctuations

主讲嘉宾：王鹏飞 教授 （北京大学汇丰商学院）

时间：6月10日（星期五）14：00

地点：ZOOM会议号9625852673

主办单位：吉林大学数量经济研究中心（吉林大学商学与管理学院、吉林大学MBA教育中心）

嘉宾介绍：

        王鹏飞，北京大学深圳研究生院副院长，北京大学汇丰商学院院长、经济学讲席教授，教育部“重大人才项目奖励计划”讲座教授，国家杰出青年基金获得者，中国经济学年会宏观经济学专业委员会主任委员。2007年于美国康奈尔大学获得经济学博士学位后，先后但任香港科技大学商学院教授，清华大学五道口金融学院特聘教授、北京大学汇丰商学院讲席教授。目前兼任Journal of Mathematical Economics期刊副主编、The B.E. Journal of Macroeconomics期刊副主编、《经济学报》副主编。

        王鹏飞教授主要研究领域为宏观经济学、金融经济学、货币经济学。目前，主持国家杰出青年科学基金项目和国家自然科学基金原创探索计划项目等多项重大课题。在Econometrica、American Economic Review、Journal of Finance、Journal of Financial Economics、Quantitative Economics 、Journal of Monetary Economics、Journal of Economic Theory等国际一流期刊发表论文40余篇，在动态随机一般均衡理论、资产泡沫与金融危机、多重均衡与内生经济波动等领域取得了令人瞩目的研究成果，是一位在宏观经济学领域具有国际影响力的经济学家。2017年，王鹏飞教授获得中国顶尖国际经济学奖项——浦山奖；2019年入选教育部“重大人才项目奖励计划”讲座教授；2020年获得Northern Finance Association学术会议评选的最佳资产定价论文奖；2021年获国家杰出青年科学基金和国家自然科学基金原创探索计划项目立项资助。

代表性成果：

1. A Theory of Housing Demand Shocks, Journal of Economic Theory, July 2022 (with Ding Dong, Zheng Liu, and Tao Zha).

2. Asset Bubble and Foreign Interest Rate Shocks, Review of Economic Dynamics, April 2022 (with Jianjun Miao and Jing Zhou).

3. Interest Rate Liberalization and Capital Misallocations, American Economic Journal: Macroeconomics, April 2021 (with Zheng Liu and Zhiwei Xu).

4. A Search-Based Neoclassical Model of Capital Reallocation, European Economic Review, Sept 2020 (with Feng Dong, and Yi Wen).

5. Asset Bubbles and Monetary Policy, Review of Economic Dynamics, August 2020 (with Feng Dong, and Jianjun Miao).

6. Discount Shock, Price–rent Dynamics, and the Business Cycle, International Economic Review, August 2020 (with Jianjun Miao and Tao Zha).

7. Financial Market, the Real Economy, and Self-fulfilling Uncertainties, Journal of Finance, June 2019 (with Jess Benhabib, and Xuewen Liu).

8. Monetary Policy and Rational Asset Bubbles: Comments, American Economic Review, May 2019 (with Jianjun Miao, and Zhouxiang Shen).

9. Convergence, Financial Development, and Policy Analysis, Economic Theory, April 2020 (with Justin Yifu Lin and Jianjun Miao).

10. Saving China’s Stock Market, IMF Economic Review, June 2019 (with Jianjun Miao, and Yi Huang).

11. The Peril of Credit Boom, Economic Theory, December 2018 (with Jianjun Miao and Feng Dong).

12. Market Thickness and the Impact of Unemployment on Housing Market Outcomes, Journal of Monetary Economics, October 2018 (with Li Gan, and Qinghua Zhang).

13. Asset Bubbles and Credit Constraints, American Economic Review, September 2018 (with Jianjun Miao).

14. Trade, Sectorial Reallocation, and Growth, Annals of Economics and Finance, May 2018 (with Danyang Xie).

15. Adverse Selection and Self-fulfilling Business Cycles, Journal of Monetary Economics, April 2018 (with Jess Benhabib and Dong Feng).

16. Financial Development and Long-run Volatility Trends, Review of Economic Dynamics, April 2018 (with Zhiwei Xu and Yi Wen).

17. Two-Way Capital Flows and Global Imbalances, Economic Journal, February 2017 (with Zhiwei Xu and Yi Wen).

18. Uncertainty and Sentiment-Driven Equilibria, Studies in Economic Theory series, Springer Verlag, 2017 (with Jess Benhabib and Yi Wen).

19. Endogenous Information Acquisition and Countercyclical Uncertainties, Journal of Economic Theory, September 2016 (with Jess Benhabib and Xuewen Liu).

20. Sentiments, Financial Market, and Macroeconomic Fluctuations, Journal of Financial Economics, May 2016 (with Jess Benhabib and Xuewen Liu).

21. Chaotic Banking Crises and Banking Regulations, Economic Theory, January 2016 (with Jess Benhabib and Jianjun Miao).

22. Stock Market Bubbles and Unemployment, Economic Theory, February 2016 (with Jianjun Miao and Lifang Xu).

23. Credit Search and Credit Cycles, Economic Theory, February 2016, , Lead Article (with Dong Feng and Yi Wen).

24. Asset Bubbles, Collateral, and Policy Analysis, Journal of Monetary Economics, 2015 (with Jianjun Miao and Zhou Jing).

25. A Bayesian DSGE Model of Stock Market Bubbles and Business Cycles, Quantitative Economics, 2015 (with Jianjun Miao and Zhiwei Xu).

26. Banking Bubbles and Financial Crisis, Journal of Economic Theory, 2015 (with Jianjun Miao).

27. Private Information and Sunspots in Sequential Asset Markets, Journal of Economic Theory, 2015 (with Jess Benhabib).

28. Sentiments and Aggregate Demand Fluctuations, Econometrica, March 2015 (with Jess Benhabib and Yi Wen).

29. What Inventories Tell Us About Aggregate Fluctuations --An Analytical Approach to (S,s) Policies, Journal of Economic Dynamics and Control, 2014 (with Zhiwei Xu and Yi Wen).

30. A Q-Theory Model with Lumpy Investment, Economic Theory, 2014 (with Jianjun Miao).

31. Sectoral Bubbles, Misallocation, and Endogenous Growth, Journal of Mathematical Economics, 2014 (with Jianjun Miao).

32. Lumpy Investment and Corporate Tax Policy, Journal of Money, Credit, and Banking, 2014 (with Jianjun Miao).

33. Credit Constraints and Self-fulfilling Business Cycles, American Economic Journal: Macroeconomics 6(1), January 2014(with Zheng Liu).

34. Financial Constraints, Endogenous Markups and Self-Fulfilling Equilibria, Journal of Monetary Economics, 2013 October (with Jess Benhabib).

35. Land-Price Dynamics and Macroeconomic Fluctuation, Econometrica, May 2013 (with Zheng Liu and Tao Zha).

36. Speculative Bubbles and Financial Crisis, American Economic Journal: Macroeconomics, July 2012 (with Yi Wen).

37. Bubbles and Total Factor Productivity, American Economic Review(P&P), May 2012 (with Jianjun Miao).

38. Hayashi Meets Kiyotaki and Moore: A Theory of Capital Adjustment Costs, Review of Economic Dynamics, April 2012 (with Yi Wen).

39. Understanding Expectation-Driven Fluctuations-A Labor-Market Approach, Journal of Money, Credit, and Banking, March 2012.

40. Volatility, Growth, and Welfare, Journal of Economic Dynamics and Control, October 2011 (with Yi Wen).

41. Understanding the Effects of Technology Shocks, Review of Economic Dynamics, October 2011 (with Yi Wen).

42. Imperfect Competition and Indeterminacy of Aggregate Output, Journal of Economic Theory, November 2008 (with Yi Wen).

43. Inflation Dynamics: A Cross-Country Investigation, Journal of Monetary Economics, October 2007 (with Yi Wen).

44. Another Look at Sticky Prices and Output Persistence, Journal of Economic Dynamics and Control, December 2006 (with Yi Wen).

45. Endogenous Money or Sticky Prices? Comment on Monetary Non-Neutrality and Inflation Dynamics, Journal of Economic Dynamics and Control, August 2005 (with Yi Wen).