THE HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY香港科技大學
香港科技大学 · CAIL 人工智能与法律研究中心
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Zhesheng Qiu

Visiting Assistant Professor · Economics

Biography

My research studies business-cycle dynamics through firm profits, inflation transmission, and belief formation, emphasizing transparent mechanisms and empirically disciplined frameworks that are robust to model specification.

I am visiting the Department of Economics at the Hong Kong University of Science and Technology from 09/2024 to now. I am also on the job market.

Research Interests

  • Business-cycle dynamics
  • Firm profits and inflation transmission
  • Belief formation
  • Monetary policy and production networks

Publications and Working Papers

Research Paper:

  1. Misperceived Propagation in Macroeconomic Expectations ( slides ) ( poster ) Source
  2. Procyclical Productivity in New Keynesian Models ( appendix ) ( slides ) ​ (with José-Víctor Ríos-Rull ), Resubmitted to Review of Economic Studies Source
  3. Monetary Policy in Open Economies with Production Networks ( slides ) (with Yicheng Wang, Le Xu, and Francesco Zanetti), Journal of Monetary Economics, Vol. 159, 2026 . Source
  4. Rehypothecation and Intermediary Leverage Source

Work in Progress:

  1. Service Inflation and Missing Pass-Through ( slides ) (with Yicheng Wang and Le Xu) Source
  2. Industry Heterogeneity, Production Networks, and Monetary Policy ( slides ) (with Jianhong Xin and Le Xu) Source

Early Publications

  1. 2013. “ Housing and Saving with Finance Imperfection ”, Annals of Economics and Finance 14(1): 207-248. (with Yanbin Chen and Fangxing Li) Source
  2. ​ 2013. “ The Impact of China’s Inflation on Wealth Inequality ”, Economic Research Journal (经济研究) 48(8): 4-15. (with Yanbin Chen, Jun Chen, and Weize Chen) Source
  3. 2011. “ How does Housing Price Affect Household Saving Rate and Wealth Inequality ? ”, Economic Research Journal (经济研究) , 46(10): 25-38. (with Yanbin Chen) Source
  4. 2010. “ Advance in Macroeconomics: Bewley Model ”, Economic Research Journal (经济研究) , 45(7): 141-151. (with Yanbin Chen and Fangxing Li) Source

Discussion

  1. A High-frequency Measure of Chinese Monetary Policy Shocks ( slides ) Source