Faculty Profiles - XU Juanyi | The Hong Kong University of Science and Technology

Juanyi XU
徐隽翊

PhD in Economics
The University of British Columbia, 2005

Associate Professor
Department of Economics

(852) 2358 7604
jennyxu@ust.hk
Room LSK6071
Personal Web

Google Scholar

3G9WVdIAAAAJ

ORCID

0000-0002-7270-554X

Scopus ID

8220541700

Research Interest Publications Projects Teaching Assignment RPG Supervision Space used

Research Interest

International macroeconomics
Monetary economics
Macroeconomics

Publications

All Years 38 2024 1 2023 1 2022 1 2021 1 2020 4 2019 1 2018 29

2024 1

Learning by exporting: Evidence from patent citations in China

Journal of International Economics, v. 150, July 2024, article number 103933
Liang, Yousha; Shi, Kang; Tao, Hanyi; Xu, Juanyi
Article

2023 1

Consumption heterogeneity and monetary policy in an open economy

Journal of Monetary Economics, v. 140, November 2023, p. 1-15
Chen, Sihao; Devereux, Michael B.; Shi, Kang; Xu, Juanyi
Article

2022 1

Pandemic and containment policies in open economy

Journal of International Money and Finance, v. 125, July 2022, article number 102637
Liang, Yousha; Shi, Kang; Tang, Junjie; Xu, Juanyi
Article

2021 1

Exchange rates, local currency pricing and international tax policies

Journal of Monetary Economics, v. 117, January 2021, p. 460-472
Chen, Sihao; Devereux, Michael B.; Shi, Kang; Xu, Juanyi
Article

2020 4

SOE and Chinese real business cycle

Annals of Economics and Finance, v. 21, (2), November 2020, p. 415-469
Peng, Daoju; Shi, Kang; Xu, Juanyi; Zhou, Yue
Article

中国经济中的垂直市场与企业动态——基于DSGE 的模型研究

经济学报=China Journal of Economics, v. 7, (3), September 2020, article number 27, p. 20-52
周越; 徐隽翊
Article

金融化与企业风险承担

湖南大學學報(社會科學版)=Journal of Hunan University(Social Sciences), v. 34, (6), November 2020, p. 73-82
徐雋翊; 周越; 陳升萌
Article

Large Shareholders and Sticky Prices: Evidence from a Corporate Governance Reform

Xie, Jin; Shi, Kang; Xu, Juanyi
Conference paper

2019 1

Fluctuation and reform: A tale of two RMB markets

China Economic Review, v. 53, February 2019, p. 30-52
Liang, Yousha; Shi, Kang; Wang, Lisheng; Xu, Juanyi
Article

2017 7

Excess Liquidity and Credit Misallocation: Evidence from China

China Economic Journal, v.10, (3), September 2017, p. 265-286
Pan, Shiyuan; Shi, Kang; Wang, Lisheng; Xu, Juanyi
Article

Local Government Debt and Firm Leverage: Evidence from China

Asian Economic Policy Review, 12, 2, July 2017, p. 210-232
Liang, Yousha; Shi, Kang; Wang, Lisheng; Xu, Juanyi
Article

Global Value Chain and Business Cycle Comovement: Does Distance Matter?

Peng, daoju; Shi, kang; Xu, Juanyi
Conference paper

Local Currency Pricing and International Tax Policy

Chen, sihao; Devereux, michael; Shi, kang; Xu, Juanyi
Conference paper

Real Business Cycle in Emerging Economies, the Role of Interest Rates and Real Exchanges

Chen, Sihao; Shi, Kang; Xu, Juanyi
Conference paper

Real Business Cycle in Emerging Economies: the Role of Interest Rates and Exchange Rates

Chen, Sihao; Shi, Kang; Xu, Juanyi
Conference paper

Structural Change and the Dynamics of China-US Real Exchange Rate

Wang, yong; Xu, Juanyi; Zhu, xiaodong
Conference paper

2016 4

News Shock, Firm Dynamics and Business Cycles: Evidence and Theory

Journal of Economic Dynamics and Control, v. 73, December 2016, p. 159-180
Fan, Haichao; Gao, Xiang; Xu, Juanyi; Xu, Zhiwei
Article

Import Response to Exchange Rate Fluctuations: A Micro-level Investigation

Li, Yao Amber; Xu, Juanyi; Zhao, Chen
Conference paper

Local Currency Pricing and International Tax Policies

Chen, Sihao; Xu, Juanyi; Shi, Kang
Conference paper

Structural Change and the Dynamics of China-US Real Exchange Rate

Society for Economic Dynamics 2016 Meeting Papers, 2016, article number 1010, p. 1-30
Wang, Yong; Xu, Juanyi; Zhu, Xiaodong
Conference paper

2015 2

Eurosclerosis and international business Cycles

Journal of International Economics, v. 95, (1), January 2015, p. 54-67
Cook, David Edward; Xu, Juanyi
Article

Input substitution, export pricing, and exchange rate policy

Journal of International Money and Finance, v. 51, March 2015, p. 26-46
Shi, Kang; Xu, Juanyi; Yin, Xiaopeng
Article

2014 4

Oil price stabilization and global welfare

Journal of Development Economics, v. 111, November 2014, p. 246-260
Liu, Qing; Shi, Kang; Wu, Zhousheng; Xu, Juanyi
Article

Import Response to Exchange Rate Fluctuation: Evidence from Chinese Firms

Li, Yao Amber; Xu, Juanyi; Zhao, Chen
Conference paper

Import Response to Exchange Rate Fluctuation: Evidence from Chinese Firms

Li, Yao Amber; Xu, Juanyi Jenny; Zhao, Chen Carol
Conference paper

2013 1

Import Response to Exchange Rate Fluctuation: Evidence from Chinese Firms

Li, Yao Amber; Xu, Juanyi; Zhao, Chen
Conference paper

2011 1

The optimal currency basket under vertical trade

Journal of International Money and Finance, v. 30, (7), November 2011, p. 1323-1340
Xu, Juanyi
Article

2010 4

Intermediate goods trade and exchange rate pass-through

Journal of Macroeconomics, v. 32, (2), June 2010, p. 571-583
Shi, Kang; Xu, Juanyi
Article

Noise traders, exchange rate disconnect puzzle, and the Tobin tax

Journal of International Money and Finance, v. 29, (2), March 2010, p. 336-357
Xu, Juanyi
Article

Oil Currency and the Dollar Standard: A Simple Analytical Model of an International Trade Currency

Journal of Money, Credit and Banking, v. 42, (4), June 2010, p. 521-550
Devereux, Michael B.; Shi, Kang; Xu, Juanyi
Article

Twin dollarization and exchange rate policy

Journal of International Economics, v. 81, (1), May 2010, p. 109-121
Shi, Kang; Xu, Juanyi
Article

2009 2

Entry cost, the Tobin tax, and noise trading in the foreign exchange market

Canadian Journal of Economics, v. 42, (4), November 2009, p. 1501-1526
Shi, Kang; Xu, Juanyi
Article

Input Substitution, Export Pricing, and Exchange Rate Policy

Shi, Kang; Xu, Juanyi; Yin, Xiaopeng
Conference paper

2007 2

Global monetary policy under a dollar standard

Journal of International Economics, Volume 71, Issue 1, 8 March 2007, Pages 113-132
Devereux, Michael; Shi, Kang; Xu, Juanyi
Article

Optimal Monetary Policy with Vertical Production and Trade

Review of International Economics, v. 15, (3), 2007, p. 514-537
Shi, Kang; Xu, Juanyi
Article

2006 1

Exchange Rates and Monetary Policy in Emerging Market Economies

Economic Journal, v. 116, (511), April 2006, p. 478-506
Xu, Juanyi; Devereux, Michael B.; Lane, Philip R.
Article

2005 1

Friedman Redux: Restricting Monetary Policy Rules to Support Flexible Exchange Rates

Economics Letters, v. 87, (3), June 2005, p. 291-299
Devereux, Michael B.; Shi, Kang; Xu, Juanyi
Article

Article 1

Learning by exporting: Evidence from patent citations in China

Journal of International Economics, v. 150, July 2024, article number 103933
Liang, Yousha; Shi, Kang; Tao, Hanyi; Xu, Juanyi

Article 1

Consumption heterogeneity and monetary policy in an open economy

Journal of Monetary Economics, v. 140, November 2023, p. 1-15
Chen, Sihao; Devereux, Michael B.; Shi, Kang; Xu, Juanyi

Article 1

Pandemic and containment policies in open economy

Journal of International Money and Finance, v. 125, July 2022, article number 102637
Liang, Yousha; Shi, Kang; Tang, Junjie; Xu, Juanyi

Article 1

Exchange rates, local currency pricing and international tax policies

Journal of Monetary Economics, v. 117, January 2021, p. 460-472
Chen, Sihao; Devereux, Michael B.; Shi, Kang; Xu, Juanyi

Article 3

SOE and Chinese real business cycle

Annals of Economics and Finance, v. 21, (2), November 2020, p. 415-469
Peng, Daoju; Shi, Kang; Xu, Juanyi; Zhou, Yue

中国经济中的垂直市场与企业动态——基于DSGE 的模型研究

经济学报=China Journal of Economics, v. 7, (3), September 2020, article number 27, p. 20-52
周越; 徐隽翊

金融化与企业风险承担

湖南大學學報(社會科學版)=Journal of Hunan University(Social Sciences), v. 34, (6), November 2020, p. 73-82
徐雋翊; 周越; 陳升萌

Conference paper 1

Large Shareholders and Sticky Prices: Evidence from a Corporate Governance Reform

Xie, Jin; Shi, Kang; Xu, Juanyi

Article 1

Fluctuation and reform: A tale of two RMB markets

China Economic Review, v. 53, February 2019, p. 30-52
Liang, Yousha; Shi, Kang; Wang, Lisheng; Xu, Juanyi

Article 2

Excess Liquidity and Credit Misallocation: Evidence from China

China Economic Journal, v.10, (3), September 2017, p. 265-286
Pan, Shiyuan; Shi, Kang; Wang, Lisheng; Xu, Juanyi

Local Government Debt and Firm Leverage: Evidence from China

Asian Economic Policy Review, 12, 2, July 2017, p. 210-232
Liang, Yousha; Shi, Kang; Wang, Lisheng; Xu, Juanyi

Conference paper 5

Global Value Chain and Business Cycle Comovement: Does Distance Matter?

Peng, daoju; Shi, kang; Xu, Juanyi

Local Currency Pricing and International Tax Policy

Chen, sihao; Devereux, michael; Shi, kang; Xu, Juanyi

Real Business Cycle in Emerging Economies, the Role of Interest Rates and Real Exchanges

Chen, Sihao; Shi, Kang; Xu, Juanyi

Real Business Cycle in Emerging Economies: the Role of Interest Rates and Exchange Rates

Chen, Sihao; Shi, Kang; Xu, Juanyi

Structural Change and the Dynamics of China-US Real Exchange Rate

Wang, yong; Xu, Juanyi; Zhu, xiaodong

Article 1

News Shock, Firm Dynamics and Business Cycles: Evidence and Theory

Journal of Economic Dynamics and Control, v. 73, December 2016, p. 159-180
Fan, Haichao; Gao, Xiang; Xu, Juanyi; Xu, Zhiwei

Conference paper 3

Import Response to Exchange Rate Fluctuations: A Micro-level Investigation

Li, Yao Amber; Xu, Juanyi; Zhao, Chen

Local Currency Pricing and International Tax Policies

Chen, Sihao; Xu, Juanyi; Shi, Kang

Structural Change and the Dynamics of China-US Real Exchange Rate

Society for Economic Dynamics 2016 Meeting Papers, 2016, article number 1010, p. 1-30
Wang, Yong; Xu, Juanyi; Zhu, Xiaodong

Article 2

Eurosclerosis and international business Cycles

Journal of International Economics, v. 95, (1), January 2015, p. 54-67
Cook, David Edward; Xu, Juanyi

Input substitution, export pricing, and exchange rate policy

Journal of International Money and Finance, v. 51, March 2015, p. 26-46
Shi, Kang; Xu, Juanyi; Yin, Xiaopeng

Article 1

Oil price stabilization and global welfare

Journal of Development Economics, v. 111, November 2014, p. 246-260
Liu, Qing; Shi, Kang; Wu, Zhousheng; Xu, Juanyi

Conference paper 3

Import Response to Exchange Rate Fluctuation: Evidence from Chinese Firms

Li, Yao Amber; Xu, Juanyi; Zhao, Chen

Import Response to Exchange Rate Fluctuation: Evidence from Chinese Firms

Li, Yao Amber; Xu, Juanyi Jenny; Zhao, Chen Carol

Conference paper 1

Import Response to Exchange Rate Fluctuation: Evidence from Chinese Firms

Li, Yao Amber; Xu, Juanyi; Zhao, Chen

Article 1

The optimal currency basket under vertical trade

Journal of International Money and Finance, v. 30, (7), November 2011, p. 1323-1340
Xu, Juanyi

Article 4

Intermediate goods trade and exchange rate pass-through

Journal of Macroeconomics, v. 32, (2), June 2010, p. 571-583
Shi, Kang; Xu, Juanyi

Noise traders, exchange rate disconnect puzzle, and the Tobin tax

Journal of International Money and Finance, v. 29, (2), March 2010, p. 336-357
Xu, Juanyi

Oil Currency and the Dollar Standard: A Simple Analytical Model of an International Trade Currency

Journal of Money, Credit and Banking, v. 42, (4), June 2010, p. 521-550
Devereux, Michael B.; Shi, Kang; Xu, Juanyi

Twin dollarization and exchange rate policy

Journal of International Economics, v. 81, (1), May 2010, p. 109-121
Shi, Kang; Xu, Juanyi

Article 1

Entry cost, the Tobin tax, and noise trading in the foreign exchange market

Canadian Journal of Economics, v. 42, (4), November 2009, p. 1501-1526
Shi, Kang; Xu, Juanyi

Conference paper 1

Input Substitution, Export Pricing, and Exchange Rate Policy

Shi, Kang; Xu, Juanyi; Yin, Xiaopeng

Article 2

Global monetary policy under a dollar standard

Journal of International Economics, Volume 71, Issue 1, 8 March 2007, Pages 113-132
Devereux, Michael; Shi, Kang; Xu, Juanyi

Optimal Monetary Policy with Vertical Production and Trade

Review of International Economics, v. 15, (3), 2007, p. 514-537
Shi, Kang; Xu, Juanyi

Article 1

Exchange Rates and Monetary Policy in Emerging Market Economies

Economic Journal, v. 116, (511), April 2006, p. 478-506
Xu, Juanyi; Devereux, Michael B.; Lane, Philip R.

Article 1

Friedman Redux: Restricting Monetary Policy Rules to Support Flexible Exchange Rates

Economics Letters, v. 87, (3), June 2005, p. 291-299
Devereux, Michael B.; Shi, Kang; Xu, Juanyi

2017 7

Excess Liquidity and Credit Misallocation: Evidence from China

China Economic Journal, v.10, (3), September 2017, p. 265-286
Pan, Shiyuan; Shi, Kang; Wang, Lisheng; Xu, Juanyi
Article

Local Government Debt and Firm Leverage: Evidence from China

Asian Economic Policy Review, 12, 2, July 2017, p. 210-232
Liang, Yousha; Shi, Kang; Wang, Lisheng; Xu, Juanyi
Article

Global Value Chain and Business Cycle Comovement: Does Distance Matter?

Peng, daoju; Shi, kang; Xu, Juanyi
Conference paper

Local Currency Pricing and International Tax Policy

Chen, sihao; Devereux, michael; Shi, kang; Xu, Juanyi
Conference paper

Real Business Cycle in Emerging Economies, the Role of Interest Rates and Real Exchanges

Chen, Sihao; Shi, Kang; Xu, Juanyi
Conference paper

Real Business Cycle in Emerging Economies: the Role of Interest Rates and Exchange Rates

Chen, Sihao; Shi, Kang; Xu, Juanyi
Conference paper

Structural Change and the Dynamics of China-US Real Exchange Rate

Wang, yong; Xu, Juanyi; Zhu, xiaodong
Conference paper

2016 4

News Shock, Firm Dynamics and Business Cycles: Evidence and Theory

Journal of Economic Dynamics and Control, v. 73, December 2016, p. 159-180
Fan, Haichao; Gao, Xiang; Xu, Juanyi; Xu, Zhiwei
Article

Import Response to Exchange Rate Fluctuations: A Micro-level Investigation

Li, Yao Amber; Xu, Juanyi; Zhao, Chen
Conference paper

Local Currency Pricing and International Tax Policies

Chen, Sihao; Xu, Juanyi; Shi, Kang
Conference paper

Structural Change and the Dynamics of China-US Real Exchange Rate

Society for Economic Dynamics 2016 Meeting Papers, 2016, article number 1010, p. 1-30
Wang, Yong; Xu, Juanyi; Zhu, Xiaodong
Conference paper

2015 2

Eurosclerosis and international business Cycles

Journal of International Economics, v. 95, (1), January 2015, p. 54-67
Cook, David Edward; Xu, Juanyi
Article

Input substitution, export pricing, and exchange rate policy

Journal of International Money and Finance, v. 51, March 2015, p. 26-46
Shi, Kang; Xu, Juanyi; Yin, Xiaopeng
Article

2014 4

Oil price stabilization and global welfare

Journal of Development Economics, v. 111, November 2014, p. 246-260
Liu, Qing; Shi, Kang; Wu, Zhousheng; Xu, Juanyi
Article

Import Response to Exchange Rate Fluctuation: Evidence from Chinese Firms

Li, Yao Amber; Xu, Juanyi; Zhao, Chen
Conference paper

Import Response to Exchange Rate Fluctuation: Evidence from Chinese Firms

Li, Yao Amber; Xu, Juanyi Jenny; Zhao, Chen Carol
Conference paper

2013 1

Import Response to Exchange Rate Fluctuation: Evidence from Chinese Firms

Li, Yao Amber; Xu, Juanyi; Zhao, Chen
Conference paper

2011 1

The optimal currency basket under vertical trade

Journal of International Money and Finance, v. 30, (7), November 2011, p. 1323-1340
Xu, Juanyi
Article

2010 4

Intermediate goods trade and exchange rate pass-through

Journal of Macroeconomics, v. 32, (2), June 2010, p. 571-583
Shi, Kang; Xu, Juanyi
Article

Noise traders, exchange rate disconnect puzzle, and the Tobin tax

Journal of International Money and Finance, v. 29, (2), March 2010, p. 336-357
Xu, Juanyi
Article

Oil Currency and the Dollar Standard: A Simple Analytical Model of an International Trade Currency

Journal of Money, Credit and Banking, v. 42, (4), June 2010, p. 521-550
Devereux, Michael B.; Shi, Kang; Xu, Juanyi
Article

Twin dollarization and exchange rate policy

Journal of International Economics, v. 81, (1), May 2010, p. 109-121
Shi, Kang; Xu, Juanyi
Article

2009 2

Entry cost, the Tobin tax, and noise trading in the foreign exchange market

Canadian Journal of Economics, v. 42, (4), November 2009, p. 1501-1526
Shi, Kang; Xu, Juanyi
Article

Input Substitution, Export Pricing, and Exchange Rate Policy

Shi, Kang; Xu, Juanyi; Yin, Xiaopeng
Conference paper

2007 2

Global monetary policy under a dollar standard

Journal of International Economics, Volume 71, Issue 1, 8 March 2007, Pages 113-132
Devereux, Michael; Shi, Kang; Xu, Juanyi
Article

Optimal Monetary Policy with Vertical Production and Trade

Review of International Economics, v. 15, (3), 2007, p. 514-537
Shi, Kang; Xu, Juanyi
Article

2006 1

Exchange Rates and Monetary Policy in Emerging Market Economies

Economic Journal, v. 116, (511), April 2006, p. 478-506
Xu, Juanyi; Devereux, Michael B.; Lane, Philip R.
Article

2005 1

Friedman Redux: Restricting Monetary Policy Rules to Support Flexible Exchange Rates

Economics Letters, v. 87, (3), June 2005, p. 291-299
Devereux, Michael B.; Shi, Kang; Xu, Juanyi
Article

Teaching Assignment

2024-25 Fall 2 2023-24 Summer 0 2023-24 Spring 1 2023-24 Winter 0 2023-24 Fall 2 2022-23 Summer 0

ECON3143	Macroeconomic Theory II
ECON5140	Macroeconomic Analysis

ECON5260

Macroeconomic Theory II

ECON3143	Macroeconomic Theory II
ECON5140	Macroeconomic Analysis

No Teaching Assignments

Research Postgraduate (RPG) Supervision

From January 2021 to December 2024 (As of 21 November 2024)

All Supervisions Current RPGs Graduated RPGs

Current RPGs

Doctor of Philosophy

DING, Minjie
Economics
YAO, Jingbo
Economics
XU, Feiting
Economics

Graduated RPGs

Doctor of Philosophy

SHI, Xiang
Economics( Completed in 2024 )
QU, Bowen
Economics( Completed in 2023 )
ZHOU, Yue
Economics( Completed in 2021 )

Master of Philosophy

DING, Minjie
Economics( Completed in 2023 )

Projects

From January 2022 to December 2024

All Projects 3

No Projects.
Household Heterogeneity in Asset Liquidity and Monetary Policy

家庭流動資產異質性和貨幣政策 Leading

RGC - General Research Fund
Project Team (HKUST)
XU Juanyi (Lead)
2023 -
Heterogenous Agent and International Distributional Effect of Shocks

消費者異質性和沖擊的國際分配效應 Leading

RGC - General Research Fund
Project Team (HKUST)
XU Juanyi (Lead)
2021 - 2023
Housing prices and macroeconomic dynamics

房價與宏觀經濟動態 Leading

RGC - General Research Fund
Project Team (HKUST)
XU Juanyi (Lead)
2019 - 2023

Research Interest

Publications

2024 1

2023 1

2022 1

2021 1

2020 4

2019 1

2017 7

2016 4

2015 2

2014 4

2013 1

2011 1

2010 4

2009 2

2007 2

2006 1

2005 1

Article 1

Article 1

Article 1

Article 1

Article 3

Conference paper 1

Article 1

Article 2

Conference paper 5

Article 1

Conference paper 3

Article 2

Article 1

Conference paper 3

Conference paper 1

Article 1

Article 4

Article 1

Conference paper 1

Article 2

Article 1

Article 1

2017 7

2016 4

2015 2

2014 4

2013 1

2011 1

2010 4

2009 2

2007 2

2006 1

2005 1

Teaching Assignment

Research Postgraduate (RPG) Supervision

From January 2021 to December 2024 (As of 21 November 2024)

Current RPGs

Graduated RPGs

Projects

From January 2022 to December 2024

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