Zheng Liu

Federal Reserve Banks - Federal Reserve Bank of San Francisco

101 Market Street

San Francisco, CA 94105

United States

SCHOLARLY PAPERS

21

DOWNLOADS
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in Total Papers Downloads

1,010

CITATIONS
Rank 2,747

SSRN RANKINGS

Top 2,747

in Total Papers Citations

180

Scholarly Papers (21)

1.

Why Does the Cyclical Behavior of Real Wages Change Over Time?

FRB of Kansas City Working Paper No. 02-09
Number of pages: 38 Posted: 16 Apr 2003
Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Universite du Quebec a Montreal
Downloads 110 (245,176)
Citation 24

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Real Wage Cyclicality, Staggered Price and Wage Setting, Input-Output Structure

2.

Temptation and Self-Control: Some Evidence from the Consumer Expenditure Survey

Number of pages: 33 Posted: 01 Feb 2005
Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of San Francisco and affiliation not provided to SSRN
Downloads 102 (258,429)
Citation 2

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Temptation, Self-control, Gul-Pesendorfer preferences, Asset pricing

3.

Gains from International Monetary Policy Coordination: Does it Pay to Be Different?

ECB Working Paper No. 514
Number of pages: 55 Posted: 26 Aug 2005
Zheng Liu and Evi Pappa
Federal Reserve Banks - Federal Reserve Bank of San Francisco and London School of Economics & Political Science (LSE)
Downloads 101 (260,165)
Citation 7

Abstract:

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International Policy Coordination, Optimal Monetary Policy, Asymmetric Structures, Terms-of-Trade Bias

4.

What Explains the Effects of Technology Shocks on Labor Market Dynamics?

Number of pages: 29 Posted: 27 Sep 2004
Zheng Liu and Louis Phaneuf
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Universite du Quebec a Montreal
Downloads 100 (261,867)

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Technology shock, employment, real wage, sticky price, business cycle

5.

Do Credit Constraints Amplify Macroeconomic Fluctuations?

FRB Atlanta Working Paper No. 2010-1
Number of pages: 40 Posted: 23 Mar 2015
Zheng Liu, Pengfei Wang and Tao A. Zha
Federal Reserve Banks - Federal Reserve Bank of San Francisco, HKUST, Department of Economics and Federal Reserve Bank of Atlanta
Downloads 97 (267,181)
Citation 6

Abstract:

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credit constraints, collateral asset, housing prices, investment, financial multiplier, business cycle, structural estimation

6.

Openness and Equilibrium Determinacy Under Interest Rate Rules

ECB Working Paper No. 173
Number of pages: 43 Posted: 14 Jan 2003
Fiorella De Fiore and Zheng Liu
Bank for International Settlements (BIS) - Monetary and Economic Department and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 76 (310,612)
Citation 3

Abstract:

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Indeterminacy, Interest Rate Rules, Small Open Economy, Terms of Trade

7.

Technology Shocks and Labor Market Dynamics: Some Evidence and Theory

Number of pages: 37 Posted: 14 Jan 2006
Zheng Liu and Louis Phaneuf
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Universite du Quebec a Montreal
Downloads 70 (325,255)
Citation 15

Abstract:

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Technology Shock, Employment, Wages, Prices, Business Cycle

8.

Gains from Coordination in a Multi-Sector Open Economy: Does it Pay to Be Different?

IGIER Working Paper No. 296
Number of pages: 48 Posted: 18 Dec 2005
Zheng Liu and Evi Pappa
Federal Reserve Banks - Federal Reserve Bank of San Francisco and London School of Economics & Political Science (LSE)
Downloads 45 (400,669)
Citation 1

Abstract:

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Optimal Monetary Policy, International Policy Coordination, Multiple Sectors, Asymmetric Structures, Sticky Prices

9.

Production Interdependence and Welfare

ECB Working Paper No. 355; FRB of Kansas City Working Paper No. 04-04
Number of pages: 41 Posted: 05 Aug 2004
Kevin X. D. Huang and Zheng Liu
Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 45 (400,669)

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Stages of Processing, Monopolistic Competition, Local Currency Pricing, Welfare

10.

Multiple Stages of Processing and the Quantity Anomaly in International Business Cycle Models

FRB of Kansas City Working Paper No. 04-05, FRB Philadelphia Working Paper No. 04-8
Number of pages: 40 Posted: 05 Aug 2004
Kevin X. D. Huang and Zheng Liu
Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 41 (415,280)
Citation 1

Abstract:

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Stages of Processing, Monopolistic Competition, Local Currency Pricing, Welfare

11.
Downloads 38 (427,106)
Citation 78

Land-Price Dynamics and Macroeconomic Fluctuations

NBER Working Paper No. w17045
Number of pages: 44 Posted: 16 May 2011 Last Revised: 04 Jul 2014
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Banks - Federal Reserve Bank of San Francisco, HKUST, Department of Economics and Federal Reserve Bank of Atlanta
Downloads 22 (520,145)
Citation 1

Abstract:

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Land-Price Dynamics and Macroeconomic Fluctuations

FRB Atlanta Working Paper No. 2011-11
Number of pages: 43 Posted: 22 Mar 2015
Zheng Liu, Pengfei Wang and Tao A. Zha
Federal Reserve Banks - Federal Reserve Bank of San Francisco, HKUST, Department of Economics and Federal Reserve Bank of Atlanta
Downloads 16 (558,433)
Citation 89

Abstract:

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land prices, collateral assets, investment, dynamic multiplier, propagation mechanism, co-movements

12.
Downloads 34 (439,368)
Citation 11

Learning, Adaptive Expectations, and Technology Shocks

FRB of Atlanta Working Paper No. 2008-20
Number of pages: 38 Posted: 13 Nov 2008
Kevin X. D. Huang, Zheng Liu and Tao A. Zha
Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Federal Reserve Bank of Atlanta
Downloads 34 (454,008)
Citation 13

Abstract:

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self-confirming equilibrium, amplification, labor market dynamics, wealth and substitution effects, hump-shaped responses

13.

Vertical Production and Trade Interdependence and Welfare

FRB Philadelphia Working Paper No. 05-15
Number of pages: 40 Posted: 01 Sep 2005
Kevin X. D. Huang and Zheng Liu
Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 35 (439,368)

Abstract:

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Vertical production and trade, monopolistic competition, terms-of-trade, welfare

14.

Sources of Macroeconomic Fluctuations: A Regime-Switching DSGE Approach

FRB Atlanta Working Paper No. 2009-3a
Number of pages: 75 Posted: 19 Mar 2015
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 30 (461,510)
Citation 66

Abstract:

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systematic analysis, regime switching, depreciation shock, efficient estimation methods

15.

Land Prices and Unemployment

FRB Atlanta Working Paper No. 2013-6
Number of pages: 45 Posted: 22 Mar 2015
Zheng Liu, Jianjun Miao and Tao A. Zha
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Boston University - Department of Economics and Federal Reserve Bank of Atlanta
Downloads 28 (471,206)

Abstract:

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Housing and labor markets, volatility, match value of employment, marginal utility of consumption, credit channel, labor channel

16.
Downloads 25 (487,052)

A Theory of Housing Demand Shocks

FRB Atlanta Working Paper No. 2019-4
Number of pages: 40 Posted: 28 Mar 2019
Zheng Liu, Pengfei Wang and Tao A. Zha
Federal Reserve Banks - Federal Reserve Bank of San Francisco, HKUST, Department of Economics and Federal Reserve Bank of Atlanta
Downloads 16 (558,433)

Abstract:

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price-rent puzzle, heterogeneity, marginal agent, cutoff point, liquidity premium, price-to-rent ratio, collateral constraint

A Theory of Housing Demand Shocks

NBER Working Paper No. w25667
Number of pages: 41 Posted: 19 Mar 2019
Zheng Liu, Pengfei Wang and Tao A. Zha
Federal Reserve Banks - Federal Reserve Bank of San Francisco, HKUST, Department of Economics and Federal Reserve Bank of Atlanta
Downloads 9 (605,385)
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17.

Asymmetric Expectation Effects of Regime Shifts and the Great Moderation

FRB Atlanta Working Paper No. 2007-23
Number of pages: 48 Posted: 23 Feb 2015
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 15 (544,172)
Citation 1

Abstract:

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structural breaks, expectations formation, monetary policy regime, macroeconomic volatility, Lucas critique

18.

Do Nominal Rigidities Matter for the Transmission of Technology Shocks?

CIRPEE Working Paper 08-37
Number of pages: 23 Posted: 24 Jun 2009
Zheng Liu and Louis Phaneuf
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Universite du Quebec a Montreal
Downloads 14 (550,127)

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technology shock, nominal rigidities, monetary policy

19.

Land Prices and Unemployment

NBER Working Paper No. w19382
Number of pages: 46 Posted: 30 Aug 2013 Last Revised: 04 Jul 2014
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Banks - Federal Reserve Bank of San Francisco, Boston University - Department of Economics and Federal Reserve Bank of Atlanta
Downloads 4 (613,096)
Citation 9

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20.

Temptation and Self-Control: Some Evidence and Applications

Posted: 25 Jul 2008
Kevin X. D. Huang, Zheng Liu and Qi Zhu
Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of San Francisco and affiliation not provided to SSRN

Abstract:

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Temptation, Self-Control, Limited Participation, Asset Pricing, Welfare

21.

Inflation Targeting: What Inflation Rate to Target?

Journal of Monetary Economics, Vol. 52, No. 8, pp. 1435-1462, November 2005
Posted: 20 Sep 2004
Kevin X. D. Huang and Zheng Liu
Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

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Inflation targeting, CPI, PPI, Optimal monetary policy, Implementation, Welfare