professional

Chao Wei

        Department of Economics
        2115 G Street, NW, Room 317
        George Washington University
        Washington, DC 20052

Email: cdwei@gwu.edu
Phone: (202) 994-2374

I am an assistant professor of Economics at George Washington University

My Primary Research and Teaching Areas

Macroeconomics, Financial Economics, Computational Economics

My Education

       Ph.D. - Economics, Stanford University, 2001
        M.A. - Economics, Columbia University, 1996
        B.A. - International Finance, Fudan University, 1991

My C.V.

My Dissertation:

Energy, the Stock Market and the Putty-Clay Investment Model

Publications:

“The Impact of Progressive Dividend Taxation on Investment Decisions,” (with Marika Santoro), forthcoming, Macroeconomic Dynamics, 2009.
"A Quartet of Asset Pricing Models in Nominal and Real Economies," Journal of Economic Dynamics and Control, 2009, 33, pp. 154-165.
"Energy, the Stock Market and the Putty-Clay Investment Model," ( pdf ), American Economic Review, March 2003, 93(1), pp. 311-324.

"Energy, the Stock Market and the Putty-Clay Investment Model," ( pdf ), an old version, revised March 26th, 2001. This version contains a cross-industry event study that shows that the energy-intensive industries were not the ones which suffered the greatest declines in the market value in 1974. This result was cited by Hobijn and Jovanovic (AER 2001).

" Income Equality and Redistribution in Five Countries ," (with Christina De Nardi and Liqian Ren), Federal Reserve Bank of Chicago Economic Perspectives, Second Quarter, 2000.

Revise and Resubmit:

· "Inflation and Stock Prices: No Illusion," Revise and Resubmit to Journal of Money, Credit and Banking, 2008.

"Does the Stock Market React to Unexpected Inflation Differently Across Business Cycles?" Revise and Resubmit to Applied Financial Economics), 2008.

Working Papers:

“Taxation and Asset Pricing in a Production Economy,” (with Marika Santoro), 2009.
“A General Equilibrium Model of Driving, Gasoline Use and Vehicle Fuel Efficiency,” Working Paper, 2008
“Corporate Income Taxes: Insurance versus Destabilization,” (with Marika Santoro), Working Paper, 2008.
“Inflation Illusion or No Illusion: What Did Pre- and Post-War Data Say?” (with Fred Joutz), 2009.
"Unexpected Inflation, Firm Characteristics and Equity Returns in a New-Keynesian Model," ( Abstract, Paper under Revision)
"A General Equilibrium Model of Inflation and Credit Spread: Theory and Empirical Evidence," (with Long Chen), Working Paper, 2004. ( abstract )

Teaching:

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