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

  • Tsinghua University - School of Economics and Management

SCHOLARLY PAPERS

19

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SSRN CITATIONS
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SSRN RANKINGS

Top 32,551

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16

CROSSREF CITATIONS

9

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

  • Tsinghua University - School of Economics and Management

Scholarly Papers (19)

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1.

Bubbly Bitcoin

Number of pages: 57 Posted: 16 Dec 2018 Last Revised: 06 Nov 2021
Feng Dong, Zhiwei Xu and Yu Zhang
Tsinghua University - School of Economics and Management, Peking University HSBC Business School and Peking University - Guanghua School of Management
Downloads 425 (107,144)
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: 76 Posted: 15 May 2019 Last Revised: 01 Jul 2021
Feng Dong, Jianfeng Liu, Zhiwei Xu and Bo Zhao
Tsinghua University - School of Economics and Management, Shanghai University of International Business and Economics, Peking University HSBC Business School and Peking University
Downloads 354 (131,877)
Citation 1

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

3.

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

Number of pages: 48 Posted: 13 Mar 2019 Last Revised: 25 Oct 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 Peking University HSBC Business School
Downloads 347 (134,851)
Citation 2

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

4.

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 Peking University HSBC Business School
Downloads 258 (183,444)
Citation 1

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

5.

Bubbly Bailout

Journal of Economic Theory, Forthcoming
Number of pages: 59 Posted: 09 Mar 2020 Last Revised: 14 Apr 2022
Feng Dong and Zhiwei Xu
Tsinghua University - School of Economics and Management and Peking University HSBC Business School
Downloads 212 (221,686)
Citation 2

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Asset Bubbles, Financial Risks, Bailout, Time-Varying Policy

6.

Public Disclosure and Private Information Acquisition: A Global Game Approach

Number of pages: 72 Posted: 31 Jul 2020 Last Revised: 16 Sep 2021
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 141 (314,411)

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Information Disclosure; Information Acquisition; Dynamic Complementarity; Global Games

7.

Aggregate Implications of Financial Frictions for Unemployment

Number of pages: 41 Posted: 15 Oct 2019 Last Revised: 26 Jul 2021
Feng Dong
Tsinghua University - School of Economics and Management
Downloads 130 (334,721)

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

8.

A Theory of Credit Cycles under Pandemic

Number of pages: 40 Posted: 02 Jul 2021
Feng Dong, Pengfei Wang and Zhiwei Xu
Tsinghua University - School of Economics and Management, Peking University HSBC Business School and Peking University HSBC Business School
Downloads 124 (346,612)

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Endogenous Credit Cycles, Pandemic Induced Recession, Lockdown Policy, Credit Policy

9.

Contagious Bubbles

Number of pages: 29 Posted: 08 Jul 2021
Feng Dong, Zhen Huo and Yi Wen
Tsinghua University - School of Economics and Management, Yale University - Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 122 (350,874)

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Financial Networks; Financial Frictions; Sectoral Capital Accumulation; Sectoral Bubbles; Financial Contagion.

10.

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 97 (411,311)

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

11.

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 74 (484,327)

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

12.

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 61 (535,486)

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

13.

Self-fulfilling Business Cycles with Production Networks

Number of pages: 46 Posted: 27 Oct 2020 Last Revised: 08 Nov 2021
Feng Dong and Fei Zhou
Tsinghua University - School of Economics and Management and Hong Kong Baptist University (HKBU) - Department of Economics
Downloads 55 (562,315)

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

14.

Speculative Bubbles and Talent Misallocation

Number of pages: 40 Posted: 11 Oct 2021
Feng Dong, Yandong Jia and Siqing Wang
Tsinghua University - School of Economics and Management, People's Bank of China, Institute of Finance and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 46 (607,053)

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Asset bubbles; Speculation; Greater fool; Talent misallocation

15.

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 42 (629,059)

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Endogenous Job Destruction, Wage Dispersion, Firm Dynamics

16.

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 26 (732,014)

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

17.

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 26 (732,014)
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

18.

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 24 (747,236)
Citation 1

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

19.

Adverse Selection and Self-Fulfilling Business Cycles

NBER Working Paper No. w20642
Number of pages: 52 Posted: 03 Nov 2014 Last Revised: 27 Nov 2022
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 24 (747,236)
Citation 2

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