Pengfei Wang

Peking University HSBC Business School

  • Peking University HSBC Business School

SCHOLARLY PAPERS

11

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in Total Papers Downloads

2,466

TOTAL CITATIONS

5

Scholarly Papers (11)

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1.

Misallocation and Asset Prices

Downloads 1,464 (28,220)
Citation 2

Misallocation and Asset Prices

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 43 Posted: 10 Apr 2020 Last Revised: 03 Jan 2025
Winston Wei Dou, Yan Ji, Di Tian and Pengfei Wang
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST), Hong Kong University of Science & Technology (HKUST) - Department of Finance and Peking University HSBC Business School
Downloads 1,459 (27,887)
Citation 1

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Distribution of firms, Financial frictions, Endogenous growth, Intangible q, Stochastic discount factor, Welfare costs of economic fluctuations JEL Classification: L11

Misallocation and Asset Prices

NBER Working Paper No. w32147
Number of pages: 44 Posted: 20 Feb 2024
Winston Wei Dou, Yan Ji, Di Tian and Pengfei Wang
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST), Hong Kong University of Science & Technology (HKUST) - Department of Finance and Peking University HSBC Business School
Downloads 5 (1,348,279)
Citation 1
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2.

Nominal Rigidities, Earnings Manipulation, and Securities Regulation

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Nominal Rigidities, Earnings Manipulation, and Securities Regulation

PBCSF-NIFR Research Paper
Number of pages: 66 Posted: 11 Nov 2024 Last Revised: 25 Feb 2025
Erica X. N. Li, Pengfei Wang, Jin Xie and Ji Zhang
Cheung Kong Graduate School of Business, Peking University HSBC Business School, Peking University HSBC Business School and Tsinghua University - PBC School of Finance
Downloads 187 (341,864)

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Nominal Rigidities, Earnings Manipulation, and Securities Regulation

Number of pages: 66 Posted: 26 Feb 2025
Erica X. N. Li, Pengfei Wang, Jin Xie and Ji Zhang
Cheung Kong Graduate School of Business, Peking University HSBC Business School, Peking University HSBC Business School and Tsinghua University - PBC School of Finance
Downloads 38 (956,958)

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JEL Classification: E12, E44, G28, G32, G33

3.

Self-Fulfilling Risk Panics: An Expected Utility Framework

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Citation 1

Self-Fulfilling Risk Panics: An Expected Utility Framework

NBER Working Paper No. w28284, NYU Stern School of Business Forthcoming
Number of pages: 27 Posted: 28 Dec 2020 Last Revised: 14 Apr 2023
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU), HKU Business School and Peking University HSBC Business School
Downloads 23 (1,130,465)
Citation 1

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4.

Asset-market Sentiments and Business-cycle Fluctuations

Number of pages: 62 Posted: 19 Aug 2022
Xuewen Liu, Pengfei Wang and Sichuang Xu
University of Hong Kong (HKU), HKU Business School, Peking University HSBC Business School and The Chinese University of Hong Kong, Shenzhen
Downloads 203 (317,906)

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Sentiment, Self-Fulfilling Risk, Asset Market, Housing Price, Macroeconomy

5.

A Theory of Credit Cycles under Pandemic

Number of pages: 40 Posted: 02 Jul 2021
Feng Dong, Pengfei Wang and Zhiwei Xu
Tsinghua University - Tsinghua University School of Economics and Management, Peking University HSBC Business School and Fudan University - School of Economics
Downloads 185 (346,240)

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

6.

Turbulent Business Cycles

HKUST Business School Research Paper No. 2022-059
Number of pages: 74 Posted: 27 Apr 2022 Last Revised: 06 Sep 2023
Ding Dong, Zheng Liu and Pengfei Wang
Hong Kong University of Science & Technology (HKUST) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Peking University HSBC Business School
Downloads 116 (508,603)

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Turbulence, heterogeneous firms, financial frictions, reallocation, productivity, business cycles

7.

Internet Appendix for "Misallocation and Asset Prices"

Number of pages: 30 Posted: 28 Nov 2023 Last Revised: 03 Jan 2025
Winston Wei Dou, Yan Ji, Di Tian and Pengfei Wang
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST), Hong Kong University of Science & Technology (HKUST) - Department of Finance and Peking University HSBC Business School
Downloads 94 (590,841)
Citation 1

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Distribution of firms, Financial frictions, Endogenous growth, Intangible q, Stochastic discount factor, Welfare costs of economic fluctuations.

8.

Uncertainty and Sentiment-Driven Equilibria

Downloads 30 (633,030)
Citation 1

Uncertainty and Sentiment-Driven Equilibria

NBER Working Paper No. w18878
Number of pages: 25 Posted: 31 Jul 2013 Last Revised: 30 Jan 2023
Jess Benhabib, Pengfei Wang, Pengfei Wang and Yi Wen
New York University - Leonard N. Stern School of Business - Department of Economics, Peking University HSBC Business School, Peking University HSBC Business School and Federal Reserve Bank of St. Louis - Research Department
Downloads 30 (1,043,471)
Citation 1

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9.

A Note on Additional Materials for "Misallocation and Asset Prices"

The Wharton School Research Paper
Number of pages: 17 Posted: 27 Nov 2023 Last Revised: 06 Jan 2025
Winston Wei Dou, Yan Ji, Di Tian and Pengfei Wang
University of Pennsylvania - The Wharton School, Hong Kong University of Science & Technology (HKUST), Hong Kong University of Science & Technology (HKUST) - Department of Finance and Peking University HSBC Business School
Downloads 71 (701,379)

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Distribution of firms, Financial frictions, Endogenous growth, Intangible q, Stochastic discount factor, Welfare costs of economic fluctuations.

10.

Inflation Disagreement Weakens the Power of Monetary Policy

Downloads 18 (753,694)

INFLATION DISAGREEMENT WEAKENS THE POWER OF MONETARY POLICY

Federal Reserve Bank of San Francisco, Working Paper Series, volume 2024, issue 27, 2024[10.24148/wp2024-27]
Number of pages: 73 Posted: 13 Dec 2024
Zheng Liu, Ding Dong, Pengfei Wang and Min Wei
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Hong Kong Baptist University, Peking University HSBC Business School and Board of Governors of the Federal Reserve System
Downloads 18 (1,197,875)

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Inflation disagreement, Inflation expectations, heterogeneous beliefs, borrowing constraints, monetary policy, forward guidance

11.

Aggregate Demand Externality and Self-Fulfilling Default Cycles

Downloads 37 (942,813)

Aggregate Demand Externality and Self-Fulfilling Default Cycles

Number of pages: 49 Posted: 15 Apr 2024
Jess Benhabib, Feng Dong, Pengfei Wang and Zhenyang Xu
New York University - Leonard N. Stern School of Business - Department of Economics, Tsinghua University - Tsinghua University School of Economics and Management, Peking University HSBC Business School and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 31 (1,032,072)

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Demand Externality, Default Cycles, Sentiment, Regime Switch, Global Dynamics

Aggregate Demand Externality and Self-Fulfilling Default Cycles

NBER Working Paper No. w32291
Number of pages: 50 Posted: 02 Apr 2024
Jess Benhabib, Feng Dong, Pengfei Wang and Zhenyang Xu
New York University - Leonard N. Stern School of Business - Department of Economics, Tsinghua University - Tsinghua University School of Economics and Management, Peking University HSBC Business School and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 6 (1,341,088)
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