報(bào)告承辦單位：經(jīng)管學(xué)院

報(bào)告內(nèi)容：Measuring business cycles in China

中國(guó)商業(yè)周期的衡量

報(bào)告人姓名：洪嘉陽(yáng)

報(bào)告人所在單位：美國(guó)西密歇根大學(xué)經(jīng)濟(jì)學(xué)系

報(bào)告人職稱/職務(wù)及學(xué)術(shù)頭銜：教授

報(bào)告時(shí)間：星期四（5月31日）下午3：00—5：30

報(bào)告地點(diǎn)：金盆嶺7教212

報(bào)告人簡(jiǎn)歷：  

洪嘉陽(yáng)（HUENG C James），男，西密歇根大學(xué)經(jīng)濟(jì)學(xué)系教授，西密歇根大學(xué)經(jīng)濟(jì)學(xué)研究生項(xiàng)目項(xiàng)目主管，《大西洋經(jīng)濟(jì)雜志》編輯委員會(huì)成員， 中南財(cái)經(jīng)政法大學(xué)富布萊特學(xué)者和文瀾學(xué)者。曾為臺(tái)灣大學(xué)人文和社會(huì)科學(xué)高級(jí)研究所富布萊特研究學(xué)者，阿拉巴馬大學(xué)助理教授。

1986年畢業(yè)于臺(tái)北建國(guó)高中，1990年本科畢業(yè)于臺(tái)灣大學(xué)工商管理專業(yè)，碩士、博士均畢業(yè)于維斯康森麥迪遜大學(xué)經(jīng)濟(jì)學(xué)專業(yè)，1997年獲得博士學(xué)位。 

主要研究領(lǐng)域?yàn)椋?/span>貨幣經(jīng)濟(jì)學(xué)，宏觀經(jīng)濟(jì)學(xué)，金融經(jīng)濟(jì)學(xué)，應(yīng)用經(jīng)濟(jì)計(jì)量學(xué)。獲得的各類獎(jiǎng)勵(lì)主要有： 富布萊特學(xué)者，富布萊特研究獎(jiǎng)，西密歇根大學(xué)提摩西萊特中心中國(guó)研究資助獎(jiǎng)，西密歇根大學(xué)國(guó)際教育人員發(fā)展基金，西密歇根大學(xué)藝術(shù)與科學(xué)學(xué)院教學(xué)與研究獎(jiǎng)，阿拉巴馬大學(xué)研究獎(jiǎng)，《大西洋經(jīng)濟(jì)雜志》最佳文章獎(jiǎng)，蔣經(jīng)國(guó)國(guó)際學(xué)術(shù)交流基金會(huì)論文獎(jiǎng)學(xué)金，哈羅德經(jīng)濟(jì)學(xué)研究生論文獎(jiǎng)（研一最佳應(yīng)用經(jīng)濟(jì)計(jì)量論文）。     

先后在International Journal of Economics and Finance、Applied Economics Letters、Applied Financial Economics、Journal of Macroeconomics、Computational Economics、China Economic Review、Financial Services Review等國(guó)際重要期刊上發(fā)表論文近30篇。

學(xué)術(shù)成果：

[1]"Nowcasting GDP Growth for Small Open Economies with a Mixed-Frequency Structural Model." (with Ruey Yau).  Computational Economics, forthcoming.

[2]"Measuring Real Business Condition in China." (with Ping Liu).  China Economic Review, 46, 2017, pp.261-274.

[3]"Choosing Between Value and Growth in Mutual Fund Investing." (with Glenn Pettengill and George Chang).  Financial Services Review, 23 (4), 2014, pp. 341-359.

[4]"Are Global Systematic Risk and Country-Specific Idiosyncratic Risk Priced in the Integrated World Markets?"  International Review of Economics and Finance, 33, 2014, pp.28-38.

[5]"Comparing Value and Growth Mutual Performance: Bias from the Fama-French HML Factor." (with Glenn Pettengill and George Chang).  Academy of Economics and Finance Journal, 4, 2013, pp. 75-86.

[6]"Risk-Return Predictions with the Fama-French Three-Factor Model Betas." (with Glenn Pettengill and George Chang).  International Journal of Economics and Finance, 5(1), 2013, pp. 34-47.

[7]"Country-Specific Idiosyncratic Risk and Global Equity Index Returns." (with Ruey Yau).  International Review of Economics and Finance, 25, 2013, pp. 326-337.

[8]"Central Bank Behavior and Statutory Independence." Atlantic Economic Journal, 40 (2), 2012, pp. 111-126.  Winner of the 2012 AEJ Best Article Award.   

[9]"Statutory Central Bank Independence in Taiwan."  Asian Social Science, 6 (11), 2010, pp. 17-27.

[10]"Traditional View or Revisionist View? The Effects of Monetary Policy on Exchange Rates in Asia." (with Peng Huang and Ruey Yau).  Applied Financial Economics, 20 (9), 2010, pp. 753-760.

[11]"Interest-Rate Risk Factor and Stock Returns: A Time-Varying Factor-Loadings Model." (with Peng Huang).  Applied Financial Economics, 19 (22), 2009, pp. 1813-1824.

[12]"A Dual-Target Monetary Policy Rule for Open Economies: An Application to France." (with Ruey Yau). Applied Economics Letters, 15 (12), 2008, pp.945-948.

[13]"Conditional Risk-Return Relationship in a Time-Varying Beta Model" (with Peng Huang).  Quantitative Finance, 8 (4), June 2008.

[14]"Output Convergence Revisited: New Time Series Results on Industrialized Countries."  (with Ruey Yau).  Applied Economics Letters, 14 (1), January 2007.

[15]"Investor Preferences and Portfolio Selection: Is Diversification an Appropriate Strategy?" (with Ruey Yau).  Quantitative Finance, 6 (3), June 2006.

[16]"Short-Sales Constraints and Stock Return Asymmetry: Evidence from the Chinese Stock Markets." Applied Financial Economics, 16 (10), June 2006.

[17]"Using an Aggregate Demand-Aggregate Supply Model to Identify Structural Demand-Side and Supply-Side Shocks: Results Using a Bivariate VAR." (with James Cover and Walter Enders).  Journal of Money, Credit, and Banking, 38 (3), April 2006.

[18]"Forecasting Asymmetries in Aggregate Stock Market Returns: Evidence from Conditional Skewness." (with James McDonald).  Journal of Empirical Finance, 12 (5), December 2005.

[19]"Overreaction Effects Independent of Risk and Characteristics: Evidence from the Japanese Stock Market." (with Chaoshin Chiao).  Japan and the World Economy, 17 (4), December 2005.

[20]"The Correlation between Shocks to Output and the Price Level:  Evidence from a GARCH Model." (With James Cover).  Southern Economic Journal, 70 (1), July 2003.

[21]"Are Policy Rules Better Than the Discretionary System in Taiwan?"  (With James Cover and Ruey Yau). Contemporary Economic Policy, 20 (1), 2002.

[22]"Do Bubbles or Time Varying Risk Premiums Affect Stock Prices?" (With Lii Tarn Chen and Chien Fu Jeff Lin).  Global Business and Economics Review, 2 (2), December 2000.

[23]"Sources of Persistence in Cross-Country Income Disparities:  A Structural Analysis." (With Ruey Yau).  Journal of Macroeconomics, 22 (4), Fall 2000.

[24]"The Impact of Foreign Variables on Domestic Money Demand:  Evidence from The United Kingdom." Journal of Economics and Finance, 24 (2), Summer 2000.

[25]"Money Demand in an Open-Economy Shopping-Time Model: An Out-of-Sample Prediction Application to Canada."  Journal of Economics and Business, 51 (6), November/December 1999.

[26]"The Demand for Money in an Open Economy:  Some Evidence for Canada."  North American Journal of Economics and Finance, 9 (1), Spring 1998.