Zhengyang Jiang

Kellogg School of Management - Department of Finance

Assistant Professor

Evanston, IL 60208

United States

http://sites.google.com/site/jayzedwye/

  • Kellogg School of Management - Department of Finance

SCHOLARLY PAPERS

18

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Top 11,374

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94

CROSSREF CITATIONS

14

Scholarly Papers (18)

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1.

Currency Returns in Different Time Zones

Institute of Global Finance Working Paper No. 11, 28th Australasian Finance and Banking Conference
Number of pages: 28 Posted: 04 Jun 2015 Last Revised: 25 Jan 2019
Zhengyang Jiang
Kellogg School of Management - Department of Finance
Downloads 1,258 (19,705)
Citation 1

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Exchange Rates; Currency Risk Premia; Long-Run Risks

2.

Fiscal Cyclicality and Currency Risk Premia

Number of pages: 53 Posted: 25 Oct 2017 Last Revised: 26 May 2021
Zhengyang Jiang
Kellogg School of Management - Department of Finance
Downloads 953 (29,588)

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exchange rates, fiscal budget, currency risk premium

3.

The U.S. Public Debt Valuation Puzzle

Downloads 881 ( 33,045)
Citation 4

The U.S. Public Debt Valuation Puzzle

Number of pages: 68 Posted: 04 Mar 2019 Last Revised: 13 Apr 2021
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 865 (33,376)
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government debt maturity, fiscal policy, term structure, interest rate risk

The U.S. Public Debt Valuation Puzzle

NBER Working Paper No. w26583
Number of pages: 69 Posted: 24 Dec 2019 Last Revised: 24 Apr 2021
Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 16 (679,154)
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The U.S. Public Debt Valuation Puzzle

CEPR Discussion Paper No. DP16082
Number of pages: 71 Posted: 14 May 2021
Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
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4.

Foreign Safe Asset Demand and the Dollar Exchange Rate

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Citation 20

Foreign Safe Asset Demand and the Dollar Exchange Rate

Stanford University Graduate School of Business Research Paper No. 18-16, Journal of Finance, Forthcoming
Number of pages: 98 Posted: 21 Mar 2018 Last Revised: 21 Sep 2020
Zhengyang Jiang, Arvind Krishnamurthy and Hanno N. Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 576 (57,586)
Citation 11

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Covered Interest Rate Parity, Exchange Rates, Safe Asset Demand, Convenience Yields

Foreign Safe Asset Demand and the Dollar Exchange Rate

NBER Working Paper No. w24439
Number of pages: 98 Posted: 26 Mar 2018
Zhengyang Jiang, Arvind Krishnamurthy and Hanno Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford University
Downloads 21 (640,456)

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5.

Dollar Safety and the Global Financial Cycle

Downloads 541 ( 63,055)
Citation 6

Dollar Safety and the Global Financial Cycle

Stanford University Graduate School of Business Research Paper No. 19-16
Number of pages: 60 Posted: 06 Feb 2019 Last Revised: 19 May 2021
Zhengyang Jiang, Arvind Krishnamurthy and Hanno N. Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 539 (62,632)
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Covered interest rate parity, exchange rates, safe asset demand, convenience yields

Dollar Safety and the Global Financial Cycle

NBER Working Paper No. w27682
Number of pages: 57 Posted: 17 Aug 2020 Last Revised: 20 Feb 2021
Zhengyang Jiang, Arvind Krishnamurthy and hlustig@stanford.edu Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford University
Downloads 2 (799,154)
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6.

Manufacturing Risk-free Government Debt

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Citation 3

Manufacturing Risk-free Government Debt

Number of pages: 65 Posted: 08 Jul 2020 Last Revised: 17 Jun 2021
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 476 (73,124)

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fiscal policy, bond pricing

Manufacturing Risk-Free Government Debt

CESifo Working Paper No. 8902
Number of pages: 68 Posted: 03 Mar 2021
Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 30 (577,680)
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Manufacturing Risk-Free Government Debt

NBER Working Paper No. w27786
Number of pages: 66 Posted: 11 Sep 2020 Last Revised: 21 Jun 2021
Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 3 (788,330)
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Manufacturing Risk-Free Government Debt

CEPR Discussion Paper No. DP16304
Number of pages: 68 Posted: 14 Jul 2021
Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
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7.

US Fiscal Cycle and the Dollar

Number of pages: 76 Posted: 06 Dec 2018 Last Revised: 26 May 2021
Zhengyang Jiang
Kellogg School of Management - Department of Finance
Downloads 455 (78,037)
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Currency Risk Premium; Dollar; US Fiscal Condition; Reserve Asset.

8.

Origins of International Factor Structures

NYU Stern School of Business
Number of pages: 48 Posted: 26 Jun 2019 Last Revised: 09 Apr 2020
Zhengyang Jiang and Robert Richmond
Kellogg School of Management - Department of Finance and New York University (NYU) - Department of Finance
Downloads 406 (89,170)
Citation 5

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International Comovements, Exchange Rates, Trade Networks

9.

Personality Differences and Investment Decision-Making

Number of pages: 46 Posted: 03 Jun 2020 Last Revised: 21 Aug 2020
Zhengyang Jiang, Cameron Peng and Hongjun Yan
Kellogg School of Management - Department of Finance, London School of Economics & Political Science (LSE) - Department of Finance and DePaul University
Downloads 348 (106,251)
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Personality, Investor Heterogeneity, Social Interaction

10.

Foreign Safe Asset Demand for U.S. Treasurys and the Dollar

American Economic Review P&P, Forthcoming, Stanford University Graduate School of Business Research Paper No. 18-1
Number of pages: 55 Posted: 11 Dec 2017 Last Revised: 25 Mar 2018
Zhengyang Jiang, Arvind Krishnamurthy and Hanno N. Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 342 (108,413)
Citation 19

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Covered Interest Rate Parity, exchange rates, safe asset demand, convenience yields

11.

The Reserve Supply Channel of Unconventional Monetary Policy

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 58 Posted: 25 Sep 2020 Last Revised: 14 Apr 2021
William Diamond, Zhengyang Jiang and Yiming Ma
University of Pennsylvania - Finance Department, Kellogg School of Management - Department of Finance and Columbia University - Columbia Business School
Downloads 294 (127,588)

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Financial Intermediation, Quantitative Easing, Deposit Competition, Balance Sheet Cost, Structural Estimation

12.

Bond Convenience Yields in the Eurozone Currency Union

Number of pages: 46 Posted: 30 Mar 2021 Last Revised: 14 Jul 2021
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 284 (132,342)
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bond pricing, fiscal policy, sovereign default, convenience yield, currency union

13.

A Portfolio Approach to Global Imbalances

NYU Stern School of Business
Number of pages: 48 Posted: 19 Jan 2021 Last Revised: 13 Jul 2021
Zhengyang Jiang, Robert Richmond and Tony Zhang
Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 237 (158,636)
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Capital flows, global imbalances, savings glut, monetary policy

14.

What Determines the Government’s Funding Costs when r=g? Unpleasant Fiscal Asset Pricing Arithmetic

Number of pages: 9 Posted: 29 Mar 2021 Last Revised: 21 Apr 2021
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 227 (165,382)

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MMT, Fiscal Theory of the Price Level

15.

Quantifying U.S. Treasury Investor Optimism

Columbia Business School Research Paper Forthcoming
Number of pages: 29 Posted: 01 Mar 2021 Last Revised: 14 Jun 2021
Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 121 (282,013)

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fiscal policy, debt sustainability, term structure, convenience yield

16.

Divided We Fall: International Health and Trade Coordination During a Pandemic

Downloads 81 (366,603)
Citation 1

Divided We Fall: International Health and Trade Coordination During a Pandemic

NYU Stern School of Business Forthcoming
Number of pages: 55 Posted: 01 Dec 2020
Viral V. Acharya, Zhengyang Jiang, Robert Richmond and Ernst-Ludwig von Thadden
New York University - Leonard N. Stern School of Business, Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Universitaet Mannheim
Downloads 69 (406,038)
Citation 1

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International Trade, Tariffs, SIR model, COVID-19, Health policies, Terms of trade

Divided We Fall: International Health and Trade Coordination During a Pandemic

NBER Working Paper No. w28176
Number of pages: 56 Posted: 07 Dec 2020 Last Revised: 27 Jun 2021
Viral V. Acharya, Zhengyang Jiang, Robert Richmond and Ernst-Ludwig von Thadden
New York University - Leonard N. Stern School of Business, Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Universitaet Mannheim
Downloads 12 (711,859)

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17.

Beyond Incomplete Spanning: Convenience Yields and Exchange Rate Disconnect

Stanford University Graduate School of Business Research Paper, Forthcoming
Number of pages: 35 Posted: 25 May 2021 Last Revised: 06 Jul 2021
Zhengyang Jiang, Arvind Krishnamurthy and Hanno N. Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 74 (386,058)
Citation 1

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Safe assets, exchange rates

18.

Exchange Rate Accounting in a Multi-Currency World

Number of pages: 36 Posted: 08 Jun 2021 Last Revised: 23 Jun 2021
Zhengyang Jiang
Kellogg School of Management - Department of Finance
Downloads 22 (613,611)

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