Zheng Liu

Federal Reserve Banks - Federal Reserve Bank of San Francisco

101 Market Street

San Francisco, CA 94105

United States

SCHOLARLY PAPERS

21

DOWNLOADS
Rank 41,156

SSRN RANKINGS

Top 41,156

in Total Papers Downloads

1,079

SSRN CITATIONS
Rank 7,920

SSRN RANKINGS

Top 7,920

in Total Papers Citations

103

CROSSREF CITATIONS

29

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 112 (254,078)
Citation 12

Abstract:

Loading...

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

2.

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 107 (262,331)
Citation 13

Abstract:

Loading...

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

3.

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 105 (265,828)
Citation 2

Abstract:

Loading...

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

4.

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 104 (267,623)

Abstract:

Loading...

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

5.

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 103 (269,383)

Abstract:

Loading...

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

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 84 (307,121)

Abstract:

Loading...

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 74 (330,928)
Citation 4

Abstract:

Loading...

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 47 (412,823)
Citation 2

Abstract:

Loading...

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 47 (412,823)

Abstract:

Loading...

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 43 (427,966)
Citation 2

Abstract:

Loading...

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

11.
Downloads 41 (435,769)
Citation 33

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 24 (533,188)
Citation 1

Abstract:

Loading...

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 17 (579,861)
Citation 30

Abstract:

Loading...

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

12.

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 38 (448,276)

Abstract:

Loading...

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

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 36 (467,223)
Citation 9

Abstract:

Loading...

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

14.
Downloads 36 (456,689)

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 27 (514,453)

Abstract:

Loading...

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 (636,615)
  • Add to Cart

Abstract:

Loading...

15.

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 33 (470,020)
Citation 12

Abstract:

Loading...

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

16.

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 30 (484,447)
Citation 2

Abstract:

Loading...

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

17.

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 18 (553,154)

Abstract:

Loading...

technology shock, nominal rigidities, monetary policy

18.

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 16 (565,214)
Citation 2

Abstract:

Loading...

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

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 5 (637,804)
Citation 3

Abstract:

Loading...

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:

Loading...

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:

Loading...

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