Author Page for Zhengyang Jiang

1.

Lecture Notes on International Finance

Number of pages: 1 Posted: 20 Dec 2023 Last Revised: 25 Aug 2024

Zhengyang Jiang

Kellogg School of Management - Department of Finance

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2.

The U.S. Public Debt Valuation Puzzle

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Citation 8

3

The U.S. Public Debt Valuation Puzzle

Number of pages: 87 Posted: 04 Mar 2019 Last Revised: 17 May 2024

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 2,266 (13,827)

Citation 3

Abstract:

The U.S. Public Debt Valuation Puzzle

NBER Working Paper No. w26583

Number of pages: 69 Posted: 24 Dec 2019 Last Revised: 19 Feb 2023

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 92 (594,677)

Citation 1

Abstract:

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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Citation 4

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3.

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

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Citation 1

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4.

Personality Differences and Investment Decision-Making

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Citation 6

2

Personality Differences and Investment Decision-Making

Number of pages: 59 Posted: 03 Jun 2020 Last Revised: 11 Mar 2023

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 1,492 (26,579)

Citation 1

Abstract:

Personality Differences and Investment Decision-Making

NBER Working Paper No. w31041

Number of pages: 60 Posted: 20 Mar 2023 Last Revised: 26 Apr 2023

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

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Citation 5

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5.

The Reserve Supply Channel of Unconventional Monetary Policy

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Citation 17

2

The Reserve Supply Channel of Unconventional Monetary Policy

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper

Number of pages: 71 Posted: 25 Sep 2020 Last Revised: 01 Dec 2023

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 1,490 (26,640)

Citation 2

Abstract:

The Reserve Supply Channel of Unconventional Monetary Policy

NBER Working Paper No. w31693

Number of pages: 65 Posted: 18 Sep 2023

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

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Citation 15

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6.

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

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7.

A Portfolio Approach to Global Imbalances

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Citation 3

2

A Portfolio Approach to Global Imbalances

NYU Stern School of Business

Number of pages: 79 Posted: 19 Jan 2021 Last Revised: 08 Jun 2023

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 1,314 (32,065)

Citation 1

Abstract:

A Portfolio Approach to Global Imbalances

NBER Working Paper No. w30253

Number of pages: 79 Posted: 18 Jul 2022 Last Revised: 14 Apr 2023

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

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Citation 2

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8.

Bond Convenience Yields in the Eurozone Currency Union

Columbia Business School Research Paper Forthcoming

Number of pages: 55 Posted: 30 Mar 2021 Last Revised: 26 Jan 2024

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

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Citation 7

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9.

Dollar Safety and the Global Financial Cycle

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Citation 39

2

Dollar Safety and the Global Financial Cycle

Stanford University Graduate School of Business Research Paper No. 19-16

Number of pages: 62 Posted: 06 Feb 2019 Last Revised: 19 Aug 2023

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 1,163 (38,329)

Citation 34

Abstract:

Dollar Safety and the Global Financial Cycle

NBER Working Paper No. w27682

Number of pages: 63 Posted: 17 Aug 2020 Last Revised: 20 Feb 2022

Zhengyang Jiang, Arvind Krishnamurthy and hlustig@stanford.edu Lustig

Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford University

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Citation 5

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10.

What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn't Bark

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Citation 8

2

What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn't Bark

Journal of Finance forthcoming

Number of pages: 66 Posted: 20 Sep 2021 Last Revised: 26 Oct 2023

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

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Citation 4

Abstract:

What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn't Bark

NBER Working Paper No. w29351

Number of pages: 46 Posted: 11 Oct 2021 Last Revised: 16 Apr 2023

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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Citation 4

Abstract:

11.

Convenience Yields and Exchange Rate Puzzles

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Citation 5

2

Convenience Yields and Exchange Rate Puzzles

Stanford University Graduate School of Business Research Paper, Forthcoming

Number of pages: 64 Posted: 25 May 2021 Last Revised: 21 Mar 2024

Zhengyang Jiang, Arvind Krishnamurthy, Hanno N. Lustig and Jialu Sun

Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Stanford Graduate School of Business and Northwestern University, Kellogg School of Management

Downloads 864 (58,364)

Citation 4

Abstract:

Convenience Yields and Exchange Rate Puzzles

NBER Working Paper No. w32092

Number of pages: 64 Posted: 29 Jan 2024

Zhengyang Jiang, Arvind Krishnamurthy, hlustig@stanford.edu Lustig and Jialu Sun

Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Stanford University and Northwestern University, Kellogg School of Management

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Citation 1

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12.

Exorbitant Privilege Gained and Lost: Fiscal Implications

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Citation 3

3

Exorbitant Privilege Gained and Lost: Fiscal Implications

Number of pages: 86 Posted: 05 May 2022 Last Revised: 11 Dec 2024

Zefeng Chen, Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan

Peking University - Guanghua School of Management, Department of Finance, 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

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Citation 2

Abstract:

Exorbitant Privilege Gained and Lost: Fiscal Implications

NBER Working Paper No. w30059

Number of pages: 56 Posted: 23 May 2022 Last Revised: 14 Apr 2023

Zefeng Chen, Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan

Peking University - Guanghua School of Management, Department of Finance, 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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Abstract:

Exorbitant Privilege Gained and Lost: Fiscal Implications

CEPR Discussion Paper No. DP17340

Number of pages: 58 Posted: 23 Jun 2022

Zefeng Chen, Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan

Peking University - Guanghua School of Management, Department of Finance, 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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Citation 1

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13.

Foreign Safe Asset Demand and the Dollar Exchange Rate

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Citation 175

2

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 736 (72,193)

Citation 174

Abstract:

Foreign Safe Asset Demand and the Dollar Exchange Rate

NBER Working Paper No. w24439

Number of pages: 98 Posted: 26 Mar 2018 Last Revised: 12 Apr 2023

Zhengyang Jiang, Arvind Krishnamurthy and Hanno Lustig

Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford University

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Citation 1

Abstract:

14.

Understanding the Strength of the Dollar

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2

Understanding the Strength of the Dollar

Number of pages: 72 Posted: 22 Sep 2022 Last Revised: 06 May 2024

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 728 (73,234)

Abstract:

Understanding the Strength of the Dollar

NBER Working Paper No. w30558

Number of pages: 43 Posted: 17 Oct 2022 Last Revised: 01 Jul 2023

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 24 (1,086,390)

Abstract:

15.

US Fiscal Cycle and the Dollar

Number of pages: 74 Posted: 06 Dec 2018 Last Revised: 05 Oct 2021

Zhengyang Jiang

Kellogg School of Management - Department of Finance

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Citation 12

Abstract:

16.

Origins of International Factor Structures

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Citation 16

2

Origins of International Factor Structures

NYU Stern School of Business, Forthcoming

Number of pages: 69 Posted: 26 Jun 2019 Last Revised: 17 Oct 2022

Zhengyang Jiang and Robert Richmond

Kellogg School of Management - Department of Finance and New York University (NYU) - Department of Finance

Downloads 698 (77,330)

Citation 5

Abstract:

Origins of International Factor Structures

NBER Working Paper No. w30319

Number of pages: 73 Posted: 08 Aug 2022 Last Revised: 06 May 2023

Zhengyang Jiang and Robert Richmond

Kellogg School of Management - Department of Finance and New York University (NYU) - Department of Finance

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Citation 11

Abstract:

17.

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

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Abstract:

18.

The Rest of the World's Dollar-Weighted Return on U.S. Treasurys

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Citation 3

2

The Rest of the World's Dollar-Weighted Return on U.S. Treasurys

Number of pages: 33 Posted: 10 Jan 2022 Last Revised: 30 Sep 2023

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 537 (108,041)

Abstract:

The Rest of the World's Dollar-Weighted Return on U.S. Treasurys

NBER Working Paper No. w30089

Number of pages: 34 Posted: 30 May 2022 Last Revised: 04 Jun 2022

Zhengyang Jiang, Arvind Krishnamurthy and hlustig@stanford.edu Lustig

Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford University

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Citation 3

Abstract:

19.

Measuring U.S. Fiscal Capacity using Discounted Cash Flow Analysis

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3

Measuring U.S. Fiscal Capacity using Discounted Cash Flow Analysis

Number of pages: 25 Posted: 06 Apr 2022

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 488 (121,441)

Abstract:

Measuring U.S. Fiscal Capacity Using Discounted Cash Flow Analysis

NBER Working Paper No. w29902

Number of pages: 26 Posted: 18 Apr 2022 Last Revised: 14 Apr 2023

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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Abstract:

Measuring U.S. Fiscal Capacity Using Discounted Cash Flow Analysis

CEPR Discussion Paper No. DP17341

Number of pages: 28 Posted: 23 Jun 2022

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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20.

Exorbitant Privilege: A Safe-Asset View

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3

Exorbitant Privilege: A Safe-Asset View

Number of pages: 62 Posted: 09 Nov 2023 Last Revised: 14 Jan 2025

Zhengyang Jiang

Kellogg School of Management - Department of Finance

Downloads 465 (129,380)

Abstract:

Exorbitant Privilege: A Safe-Asset View

CESifo Working Paper No. 11279

Number of pages: 61 Posted: 22 Oct 2024

Zhengyang Jiang

Kellogg School of Management - Department of Finance

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Abstract:

Exorbitant Privilege: A Safe-Asset View

NBER Working Paper No. w32454

Number of pages: 60 Posted: 14 May 2024

Zhengyang Jiang

Kellogg School of Management - Department of Finance

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21.

The Liquidity Premium of Digital Payment Vehicle

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2

The Liquidity Premium of Digital Payment Vehicle

Number of pages: 65 Posted: 16 Mar 2022 Last Revised: 23 May 2024

Zefeng Chen and Zhengyang Jiang

Peking University - Guanghua School of Management, Department of Finance and Kellogg School of Management - Department of Finance

Downloads 455 (132,136)

Abstract:

The Liquidity Premium of Digital Payment Vehicle

CESifo Working Paper No. 9933

Number of pages: 48 Posted: 19 Sep 2022

Zefeng Chen and Zhengyang Jiang

Peking University - Guanghua School of Management, Department of Finance and Kellogg School of Management - Department of Finance

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Abstract:

22.

Manufacturing Risk-free Government Debt

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Citation 13

4

Manufacturing Risk-free Government Debt

Number of pages: 65 Posted: 08 Jul 2020 Last Revised: 10 Jan 2025

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 398 (154,697)

Abstract:

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 71 (693,809)

Citation 3

Abstract:

Manufacturing Risk-Free Government Debt

NBER Working Paper No. w27786

Number of pages: 66 Posted: 11 Sep 2020 Last Revised: 04 Jun 2023

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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Citation 2

Abstract:

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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Citation 8

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23.

Convenience Yields and Asset Pricing Models

Number of pages: 41 Posted: 10 Mar 2022 Last Revised: 02 Jun 2023

Zhengyang Jiang and Robert Richmond

Kellogg School of Management - Department of Finance and New York University (NYU) - Department of Finance

Downloads 473 (127,607)

Abstract:

24.

Convenience Lost

Number of pages: 26 Posted: 10 Jan 2025

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 463 (132,321)

Abstract:

25.

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

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Citation 37

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26.

Implications of Asset Market Data for Equilibrium Models of Exchange Rates

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2

Implications of Asset Market Data for Equilibrium Models of Exchange Rates

Number of pages: 54 Posted: 29 Nov 2023 Last Revised: 02 Sep 2024

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 391 (157,839)

Abstract:

Implications of Asset Market Data for Equilibrium Models of Exchange Rates

NBER Working Paper No. w31851

Number of pages: 56 Posted: 13 Nov 2023

Zhengyang Jiang, Arvind Krishnamurthy and hlustig@stanford.edu Lustig

Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford University

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27.

Quantitative Tightening with Slow-Moving Capital *

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2

Quantitative Tightening with Slow-Moving Capital *

Number of pages: 69 Posted: 01 Sep 2023 Last Revised: 22 Sep 2024

Zhengyang Jiang and Jialu Sun

Kellogg School of Management - Department of Finance and Northwestern University, Kellogg School of Management

Downloads 378 (163,992)

Abstract:

Quantitative Tightening with Slow-Moving Capital

NBER Working Paper No. w32757

Number of pages: 69 Posted: 01 Aug 2024

Zhengyang Jiang and Jialu Sun

Kellogg School of Management - Department of Finance and Northwestern University, Kellogg School of Management

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28.

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

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Abstract:

29.

Reserve Asset Competition and the Global Fiscal Cycle

Downloads 317 (201,726)

2

Reserve Asset Competition and the Global Fiscal Cycle

Number of pages: 58 Posted: 13 Dec 2023

Zhengyang Jiang and Robert Richmond

Kellogg School of Management - Department of Finance and New York University (NYU) - Department of Finance

Downloads 311 (204,391)

Abstract:

Reserve Asset Competition and the Global Fiscal Cycle

NBER Working Paper No. w32841

Number of pages: 59 Posted: 19 Aug 2024 Last Revised: 16 Sep 2024

Zhengyang Jiang and Robert Richmond

Kellogg School of Management - Department of Finance and New York University (NYU) - Department of Finance

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30.

Monetary-Fiscal Coordination with International Hegemon

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2

Monetary-Fiscal Coordination with International Hegemon

Number of pages: 59 Posted: 23 Sep 2024 Last Revised: 04 Jan 2025

Xuning Ding and Zhengyang Jiang

Kellogg School of Management - Department of Finance and Kellogg School of Management - Department of Finance

Downloads 284 (225,177)

Abstract:

Monetary-Fiscal Coordination with International Hegemon

NBER Working Paper No. w33123

Number of pages: 64 Posted: 12 Nov 2024

Xuning Ding and Zhengyang Jiang

Kellogg School of Management - Department of Finance and Kellogg School of Management - Department of Finance

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31.

Market Incompleteness and Exchange Rate Spill-over

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Citation 1

2

Market Incompleteness and Exchange Rate Spill-over

Number of pages: 53 Posted: 08 Jun 2021 Last Revised: 07 Nov 2024

Zhengyang Jiang

Kellogg School of Management - Department of Finance

Downloads 268 (237,299)

Abstract:

Market Incompleteness and Exchange Rate Spill-Over

NBER Working Paper No. w30856

Number of pages: 55 Posted: 23 Jan 2023 Last Revised: 13 Apr 2023

Zhengyang Jiang

Kellogg School of Management - Department of Finance

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Citation 1

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32.

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

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Citation 2

2

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

NYU Stern School of Business Research Paper Series

Number of pages: 67 Posted: 01 Dec 2020 Last Revised: 07 Jul 2022

Viral V. Acharya, Viral V. Acharya, Zhengyang Jiang, Robert Richmond and Ernst-Ludwig von Thadden

New York University (NYU) - Leonard N. Stern School of Business, Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Universitaet Mannheim

Downloads 199 (317,683)

Citation 1

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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: 28 Jun 2023

Viral V. Acharya, Viral V. Acharya, Zhengyang Jiang, Robert Richmond and Ernst-Ludwig von Thadden

New York University (NYU) - Leonard N. Stern School of Business, Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Universitaet Mannheim

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Citation 1

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33.

China's Overseas Lending in Global Finance Cycle

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2

China's Overseas Lending in Global Finance Cycle

Number of pages: 39 Posted: 03 Jan 2025 Last Revised: 28 Feb 2025

Zhengyang Jiang

Kellogg School of Management - Department of Finance

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Abstract:

China's Overseas Lending in Global Finance Cycle

NBER Working Paper No. w33519

Number of pages: 40 Posted: 04 Mar 2025

Zhengyang Jiang

Kellogg School of Management - Department of Finance

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34.

International Policy Coordination in a Multisectoral Model of Trade and Health Policy

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2

International Policy Coordination in a Multisectoral Model of Trade and Health Policy

Number of pages: 61 Posted: 06 Jun 2024

Viral V. Acharya, Viral V. Acharya, Zhengyang Jiang, Robert Richmond and Ernst-Ludwig von Thadden

New York University (NYU) - Leonard N. Stern School of Business, Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Universitaet Mannheim

Downloads 55 (791,981)

Abstract:

International Policy Coordination in a Multisectoral Model of Trade and Health Policy

NBER Working Paper No. w32566

Number of pages: 62 Posted: 18 Jun 2024 Last Revised: 10 Oct 2024

Viral V. Acharya, Viral V. Acharya, Zhengyang Jiang, Robert Richmond and Ernst-Ludwig von Thadden

New York University (NYU) - Leonard N. Stern School of Business, Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Universitaet Mannheim

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35.

Investor Memory and Biased Beliefs: Evidence from the Field

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Citation 2

2

Investor Memory and Biased Beliefs: Evidence from the Field

Number of pages: 90 Posted: 14 Jan 2025

Zhengyang Jiang, Hongqi Liu, Cameron Peng and Hongjun Yan

Kellogg School of Management - Department of Finance, The Chinese University of Hong Kong, Shenzhen, London School of Economics & Political Science (LSE) - Department of Finance and DePaul University

Downloads 47 (877,569)

Abstract:

Investor Memory and Biased Beliefs: Evidence from the Field

NBER Working Paper No. w33226

Number of pages: 91 Posted: 10 Dec 2024

Zhengyang Jiang, Hongqi Liu, Cameron Peng and Hongjun Yan

Kellogg School of Management - Department of Finance, The Chinese University of Hong Kong, Shenzhen, London School of Economics & Political Science (LSE) - Department of Finance and DePaul University

Downloads 5 (1,327,738)

Citation 2

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36.

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

Number of pages: 67 Posted: 03 Aug 2022

Viral V. Acharya, Zhengyang Jiang, Robert Richmond and Ernst-Ludwig von Thadden

New York University (NYU) - New York University, Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Universitaet Mannheim

Downloads 34 (946,704)

Citation 1

Abstract:

37.

Fiscal Capacity: An Asset Pricing Perspective

Annual Review of Financial Economics, Vol. 15, pp. 197-219, 2023

Posted: 07 Nov 2023

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

Zhengyang Jiang

Associate Professor

National Bureau of Economic Research (NBER)

37

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Scholarly Papers (37)

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The U.S. Public Debt Valuation Puzzle

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The Reserve Supply Channel of Unconventional Monetary Policy

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Convenience Yields and Exchange Rate Puzzles

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Exorbitant Privilege Gained and Lost: Fiscal Implications

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Measuring U.S. Fiscal Capacity Using Discounted Cash Flow Analysis

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Exorbitant Privilege: A Safe-Asset View

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Manufacturing Risk-Free Government Debt

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Implications of Asset Market Data for Equilibrium Models of Exchange Rates

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Quantitative Tightening with Slow-Moving Capital

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Reserve Asset Competition and the Global Fiscal Cycle

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