Chao Wei
Department of Economics
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 Dissertation:
Energy, the Stock Market and the Putty-Clay Investment Model
Publications:
- "A Quartet of Asset
Pricing Models in Nominal and Real Economies," forthcoming, Journal of Economic Dynamics and
Control, 2008.
- "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
Working Papers:
- “Taxation and Asset
Pricing in a Production Economy,” (with Marika Santoro), Working
Paper, 2008.
- “On the Importance of
Progressivity in Dividend Taxation,” (with Marika Santoro),
Working Paper, 2008.
- “Inflation Illusion or
No Illusion: What Did Pre- and Post-War Data Say?” (with Fred Joutz), Working
Paper under Review, 2007.
- "Inflation and Stock Prices:
No Illusion," Working Paper under Review, 2007.
- "Does the Stock Market React
to Unexpected Inflation Differently Across Business Cycles?"
Working Paper under Review, 2007.
- "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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