Feng Dong

Tsinghua University - School of Economics and Management

Associate Professor of Economics

School of Economics and Management

Tsinghua University

Beijing, Beijing 100084

China

http://fengdongecon.weebly.com

SCHOLARLY PAPERS

16

DOWNLOADS
Rank 41,533

SSRN RANKINGS

Top 41,533

in Total Papers Downloads

1,350

SSRN CITATIONS

3

CROSSREF CITATIONS

9

Ideas:
“  I'm currently working on macroeconomics, monetary economics, economic networks, and Chinese economy.  ”

Scholarly Papers (16)

1.

Bubbly Bitcoin

Number of pages: 51 Posted: 16 Dec 2018 Last Revised: 11 Jan 2019
Feng Dong, Zhiwei Xu and Yu Zhang
Tsinghua University - School of Economics and Management, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and Peking University - Guanghua School of Management
Downloads 292 (127,558)
Citation 2

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Bitcoin, Cryptocurrency, Liquidity Constraint, Stochastic Bubbles, Market Sentiment, Store of Value

2.

Flight to Housing in China

Number of pages: 77 Posted: 15 May 2019 Last Revised: 03 May 2021
Feng Dong, Jianfeng Liu, Zhiwei Xu and Bo Zhao
Tsinghua University - School of Economics and Management, Shanghai University of International Business and Economics, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and Peking University
Downloads 242 (154,362)
Citation 1

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Heterogeneous Households, Store of Value, Housing Policy, Aggregate and Distributional Effects, Consumption Risk Sharing.

3.

Cycles of Credit Expansion and Misallocation: The Good, the Bad and the Ugly

Number of pages: 62 Posted: 28 Oct 2018 Last Revised: 13 Jan 2020
Feng Dong and Zhiwei Xu
Tsinghua University - School of Economics and Management and Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management
Downloads 200 (185,029)

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Credit Expansion, Volume-Composition Tradeoff, Financial Risk Capacity, Financial Crisis, Credit Cycles

4.

Economic Slowdown and Housing Dynamics in China: A Tale of Two Investments by Firms

Number of pages: 47 Posted: 13 Mar 2019 Last Revised: 06 Jun 2021
Feng Dong, Yumei Guo, Yuchao Peng and Zhiwei Xu
Tsinghua University - School of Economics and Management, Central University of Finance and Economics (CUFE) - School of Finance, Central University of Finance and Economics (CUFE) - School of Finance and Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management
Downloads 184 (199,315)
Citation 2

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Counter-cyclical Housing Boom; Chinese Business Cycles; Collateral Effect; Crowding-out Effect; Stabilization Policies

5.

Bubbly Bailout

Number of pages: 42 Posted: 09 Mar 2020 Last Revised: 28 Apr 2020
Feng Dong and Zhiwei Xu
Tsinghua University - School of Economics and Management and Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management
Downloads 74 (383,506)
Citation 1

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Bailout, Rational Bubbles, Financial Frictions, Systematic Risks

6.

Optimal Monetary Policy Under Negative Interest Rate

FRB St. Louis Working Paper No. 2017-19
Number of pages: 23 Posted: 12 Jul 2017 Last Revised: 05 Jan 2019
Yi Wen and Feng Dong
Federal Reserve Bank of St. Louis - Research Department and Tsinghua University - School of Economics and Management
Downloads 69 (398,387)

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Monetary Policy, Quantitative Easing, Liquidity Preference, Liquidity Trap, Banking, Money Demand

7.

Must Public Information Always Crowd Out Private Information?

Number of pages: 56 Posted: 31 Jul 2020
Zhifeng Cai and Feng Dong
Rutgers, The State University of New Jersey - Camden College of Arts and Sciences and Tsinghua University - School of Economics and Management
Downloads 66 (407,910)

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Information Disclosure; Information Acquisition; Dynamic Complementarity; Global Games

8.

A Model of Secular Migration from Centralized to Decentralized Trade

Number of pages: 46 Posted: 28 Jan 2019 Last Revised: 19 Feb 2020
Zhifeng Cai and Feng Dong
Rutgers, The State University of New Jersey - Camden College of Arts and Sciences and Tsinghua University - School of Economics and Management
Downloads 63 (417,751)

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Exchange vs OTC, Fragmented Financial Markets, Adverse Selection, Search Frictions, Screening

9.

Aggregate Implications of Financial Frictions for Unemployment

Number of pages: 31 Posted: 15 Oct 2019
Feng Dong
Tsinghua University - School of Economics and Management
Downloads 53 (453,415)

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Financial Frictions, Labor Search Frictions, Endogenous Matching Efficiency, Unemployment, Decomposition.

10.

Flight to What? — Dissecting Liquidity Shortages in the Financial Crisis

FRB St. Louis Working Paper No. 2017-25
Number of pages: 48 Posted: 07 Sep 2017 Last Revised: 05 Jan 2019
Feng Dong and Yi Wen
Tsinghua University - School of Economics and Management and Federal Reserve Bank of St. Louis - Research Department
Downloads 38 (517,487)

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Liquidity Shortage, Resaleability Constraint, Information Asymmetry, Flight to Liquidity, Flight to Quality, Financial Crisis, Unconventional Policy.

11.

A Tale of Two Dispersions: Wage and Firm Size

Number of pages: 22 Posted: 27 Jan 2020
Feng Dong and Fei Zhou
Tsinghua University - School of Economics and Management and affiliation not provided to SSRN
Downloads 21 (616,191)

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Endogenous Job Destruction, Wage Dispersion, Firm Dynamics

12.

Credit Search and Credit Cycles

FRB St. Louis Working Paper No. 2015-23
Number of pages: 31 Posted: 06 Oct 2015 Last Revised: 06 Mar 2019
Feng Dong, Pengfei Wang and Yi Wen
Tsinghua University - School of Economics and Management, HKUST, Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 16 (650,950)

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Search Frictions, Credit Utilization, Credit Rationing, Self-fulfilling Prophecy. Business Cycles.

13.

A Search-Based Neoclassical Model of Capital Reallocation

FRB St. Louis Working Paper No. 2018-17
Number of pages: 28 Posted: 28 Aug 2018 Last Revised: 21 Feb 2019
Feng Dong, Pengfei Wang and Yi Wen
Tsinghua University - School of Economics and Management, HKUST, Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 14 (665,690)

Abstract:

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Capital Reallocation, Capital Search, Fragmented Markets, Endogenous Dispersion of rmsTFP, Endogenous Total Factor Productivity, Business Cycles

14.

Long and Plosser Meet Bewley and Lucas

FRB St. Louis Working Paper No. 2018-8
Number of pages: 58 Posted: 18 Jul 2018 Last Revised: 21 Feb 2019
Feng Dong and Yi Wen
Tsinghua University - School of Economics and Management and Federal Reserve Bank of St. Louis - Research Department
Downloads 9 (703,742)
Citation 1

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Production Networks, Distributional Effect of Monetary Policy, Heterogeneous Money Demand, Incomplete Markets, Time-Varying Velocity of Money, Time-Varying Labor Wedge

15.

Adverse Selection and Self-Fulfilling Business Cycles

NBER Working Paper No. w20642
Number of pages: 52 Posted: 03 Nov 2014 Last Revised: 28 May 2021
Jess Benhabib, Feng Dong and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, Tsinghua University - School of Economics and Management and HKUST, Department of Economics
Downloads 9 (703,742)
Citation 2

Abstract:

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16.

Self-fulfilling Business Cycles with Production Networks

Posted: 27 Oct 2020
Feng Dong and Fei Zhou
Tsinghua University - School of Economics and Management and affiliation not provided to SSRN

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Production Networks, Credit Constraints, Financial Contagion, Endogenous Cycles, Indeterminacy.