Kaiji Chen

Emory University - Department of Economics

Associate Professor

1602 Fishburne Drive

Atlanta, GA 30322

United States

http://https://sites.google.com/site/chenkaiji/research

Federal Reserve Bank of Atlanta

Research Fellow

1000 Peachtree Street N.E.

Atlanta, GA 30309-4470

United States

  • Emory University - Department of Economics

  • Federal Reserve Bank of Atlanta

SCHOLARLY PAPERS

23

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2,688

SSRN CITATIONS
Rank 5,584

SSRN RANKINGS

Top 5,584

in Total Papers Citations

271

CROSSREF CITATIONS

28

Scholarly Papers (23)

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1.

The Great Housing Boom of China

Downloads 486 (102,105)
Citation 57

The Great Housing Boom of China

FRB St. Louis Working Paper No. 2014-22
Number of pages: 68 Posted: 06 Oct 2015 Last Revised: 30 Oct 2015
Kaiji Chen and Yi Wen
Emory University - Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 324 (160,603)
Citation 4

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Housing Bubble, Resource Misallocation, Chinese Economy, Development, economic transition

The Great Housing Boom of China

FRB of St. Louis Working Paper No. 2014-022A
Number of pages: 59 Posted: 24 Aug 2014
Kaiji Chen and Yi Wen
Emory University - Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 162 (313,152)
Citation 32

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Housing Bubble, Resource Misallocation, Chinese Economy, Development, Economic Transition

2.

The Japanese Saving Rate

Marshall School of Business Working Paper No. FBE 03-06
Number of pages: 28 Posted: 19 Jul 2006
Kaiji Chen, Ayse Imrohoroglu and Selahattin Imrohoroglu
Emory University - Department of Economics, University of Southern California - Marshall School of Business and University of Southern California - Department of Finance and Business Economics
Downloads 302 (174,040)
Citation 27

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Consumption, Saving, Business Fluctuations, Cycles

3.

Trends and Cycles in China's Macroeconomy

Downloads 196 (187,551)
Citation 44

Trends and Cycles in China's Macroeconomy

FRB Atlanta Working Paper No. 2015-5
Number of pages: 74 Posted: 02 Jul 2015
Chun Chang, Kaiji Chen, Daniel F. Waggoner and Tao A. Zha
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Emory University - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 157 (321,745)

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reallocation, between-sector effect, total factor productivity growth, heavy versus light sectors, long-term versus short-term loans, labor share, lending frictions, incentive compatibility

Trends and Cycles in China's Macroeconomy

NBER Working Paper No. w21244
Number of pages: 75 Posted: 08 Jun 2015 Last Revised: 20 Jul 2023
Chun Chang, Kaiji Chen, Daniel F. Waggoner and Tao A. Zha
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Emory University - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 39 (748,972)
Citation 18

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4.

Precautionary Corporate Liquidity

Univ. of Zurich Working Paper No. 465
Number of pages: 24 Posted: 20 Feb 2010
Kaiji Chen, Zheng Michael Song and Yikai Wang
Emory University - Department of Economics, Fudan University - School of Economics and University of Zurich
Downloads 181 (284,566)

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News, Financial Constraint, Corporate Savings

5.

What We Learn from China's Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending

Downloads 177 (290,257)
Citation 3

What We Learn from China's Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending

FRB Atlanta Working Paper No. 2016-1
Number of pages: 63 Posted: 01 Feb 2016 Last Revised: 22 Jun 2022
Kaiji Chen, Jue Ren and Tao A. Zha
Emory University - Department of Economics, Texas Christian University - M.J. Neeley School of Business and Federal Reserve Bank of Atlanta
Downloads 132 (370,246)

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Regulatory arbitrage, asset pricing, institutional asymmetry, entrusted loans, risk taking, shadow loans, bank loans, nonloan investment, nonbank trustees, small banks, large banks, balance sheets, optimal decisions

What We Learn from China's Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending

NBER Working Paper No. w21890
Number of pages: 64 Posted: 20 Jan 2016 Last Revised: 24 Apr 2023
Kaiji Chen, Jue Ren and Tao A. Zha
Emory University - Department of Economics, Texas Christian University - M.J. Neeley School of Business and Federal Reserve Bank of Atlanta
Downloads 45 (706,643)
Citation 1

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6.

Financial Frictions on Capital Allocation: A Transmission Mechanism of TFP Fluctuations

Number of pages: 58 Posted: 14 May 2009
Kaiji Chen and Zheng Michael Song
Emory University - Department of Economics and Fudan University - School of Economics
Downloads 168 (303,553)
Citation 11

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Financial Friction, Capital Reallocation, TFP Fluctuation, News Shock

7.

Macroeconomic Effects of China's Financial Policies

Downloads 132 (371,355)
Citation 3

Macroeconomic Effects of China's Financial Policies

FRB Atlanta Working Paper No. 2018-12
Number of pages: 40 Posted: 28 Jan 2019 Last Revised: 29 Apr 2020
Kaiji Chen and Tao A. Zha
Emory University - Department of Economics and Federal Reserve Bank of Atlanta
Downloads 103 (449,055)
Citation 3

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marketized tools, regime change, growth, investment, capital intensity, local governments, regulations, shadow banking, debts, real estate, preferential credits, industrialization, SOEs, POEs, heavy and light sectors, monetary stimulus, trends and cycles

Macroeconomic Effects of China's Financial Policies

NBER Working Paper No. w25222
Number of pages: 41 Posted: 05 Nov 2018 Last Revised: 02 Jun 2023
Kaiji Chen and Tao A. Zha
Emory University - Department of Economics and Federal Reserve Bank of Atlanta
Downloads 29 (829,085)

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8.

Misallocation and the Recovery of Manufacturing TFP after a Financial Crisis

Norges Bank Working Paper 2013/01
Number of pages: 36 Posted: 23 May 2013
Kaiji Chen and Alfonso A. Irarrazabal
Emory University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 119 (399,077)
Citation 7

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Misallocation, TFP, Chile

9.

Impacts of Monetary Stimulus on Credit Allocation and Macroeconomy: Evidence from China

Downloads 105 (436,996)
Citation 6

Impacts of Monetary Stimulus on Credit Allocation and Macroeconomy: Evidence from China

FRB Atlanta Working Paper No. 2016-9
Number of pages: 52 Posted: 26 Sep 2016 Last Revised: 21 Oct 2017
Kaiji Chen, Daniel F. Waggoner, Patrick C. Higgins and Tao A. Zha
Emory University - Department of Economics, Federal Reserve Bank of Atlanta, Federal Reserve Banks - Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 79 (529,735)
Citation 3

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asymmetric credit allocation, endogenous regime switching, debt-to-GDP ratio, heavy GDP, heavy loans, real estate, land prices, GDP growth target, nonlinear effects

Impacts of Monetary Stimulus on Credit Allocation and the Macroeconomy: Evidence from China

NBER Working Paper No. w22650
Number of pages: 53 Posted: 20 Sep 2016 Last Revised: 22 May 2023
Kaiji Chen, Patrick C. Higgins, Daniel F. Waggoner and Tao A. Zha
Emory University - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Atlanta, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 26 (855,736)
Citation 1

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10.

Financial Friction, Capital Reallocation and News-Driven Business Cycles

Number of pages: 40 Posted: 11 Jul 2007
Kaiji Chen and Zheng Michael Song
Emory University - Department of Economics and Fudan University - School of Economics
Downloads 105 (436,996)
Citation 2

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Financial Friction, Capital Reallocation, Business Cycle

11.

A Life-Cycle Analysis of Social Security with Housing

Number of pages: 48 Posted: 02 Jun 2009 Last Revised: 20 Dec 2013
Kaiji Chen
Emory University - Department of Economics
Downloads 104 (439,982)
Citation 4

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durable goods, housing market frictions, housing tenure choice, social security

12.

Monetary Stimulus Amidst the Infrastructure Investment Spree: Evidence from China's Loan-Level Data

Downloads 100 (452,202)
Citation 4

Monetary Stimulus Amidst the Infrastructure Investment Spree: Evidence from China's Loan-Level Data

NBER Working Paper No. w27763
Number of pages: 119 Posted: 31 Aug 2020 Last Revised: 15 May 2023
Kaiji Chen, Haoyu Gao, Patrick C. Higgins, Daniel F. Waggoner and Tao A. Zha
Emory University - Department of Economics, Renmin University of China, Federal Reserve Banks - Federal Reserve Bank of Atlanta, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 55 (644,963)

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Monetary Stimulus Amidst the Infrastructure Investment Spree: Evidence from China's Loan-Level Data

Number of pages: 80 Posted: 18 Sep 2020
Kaiji Chen
Emory University - Department of Economics
Downloads 45 (706,643)
Citation 3

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Infrastructure investment, monetary policy transmission, fiscal shocks, policy interaction, credit reallocation, LGFVs

13.

Investment-Specific Technology Shocks: The Source of Anticipated TFP Fluctuations

Number of pages: 40 Posted: 24 Feb 2014
Kaiji Chen and Edouard Wemy
Emory University - Department of Economics and Emory University
Downloads 77 (531,789)
Citation 1

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Investment-specific Technological Change, News Shocks, TFP, General-purpose Technology, Spillover

14.

Markovian Social Security in Unequal Societies

Number of pages: 40 Posted: 24 Mar 2009
Kaiji Chen and Zheng Michael Song
Emory University - Department of Economics and Fudan University - School of Economics
Downloads 77 (535,838)
Citation 4

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Intertemporal Tax Linkage, Markov Perfect Equilibrium, Political Economy, Redistribution, Social Security, Wage Inequality

15.

Debt and the U.S. Economy

Number of pages: 34 Posted: 27 Sep 2012
Kaiji Chen and Ayse Imrohoroglu
Emory University - Department of Economics and University of Southern California - Marshall School of Business
Downloads 67 (574,090)
Citation 2

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government debt, tax distortion

16.

The Role of Allocative Efficiency in a Decade of Recovery

Number of pages: 48 Posted: 04 Dec 2013
Kaiji Chen, Alfonso Irarrazabal and Alfonso Irarrazabal
Emory University - Department of Economics and Norge BankBI Norwegian School of Business
Downloads 65 (583,186)
Citation 14

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Allocative Efficiency, TFP, Banking Reform, Preferential Credit Policy, Chile

17.

The Welfare Implications of Social Security for Homeowners

Number of pages: 45 Posted: 02 May 2006
Kaiji Chen
Emory University - Department of Economics
Downloads 64 (587,748)
Citation 1

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Housing, Social Security

18.

Assessing the Macroeconomic Impact of Bank Intermediation Shocks: A Structural Approach

FRB Atlanta Working Paper No. 2015-8
Number of pages: 43 Posted: 07 Sep 2017 Last Revised: 26 Sep 2017
Kaiji Chen and Tao A. Zha
Emory University - Department of Economics and Federal Reserve Bank of Atlanta
Downloads 63 (592,323)
Citation 1

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intermediation costs, credit supply channel, micro bank-level data, call reports, senior loan officers, identification, supply and demand, intermediation costs, endogenous monitoring activities

19.

Monetary Stimulus Amid the Infrastructure Investment Spree: Evidence from China's Loan-Level Data

FRB Atlanta Working Paper No. 2020-16
Number of pages: 80 Posted: 20 Apr 2021
Kaiji Chen, Haoyu Gao, Patrick C. Higgins, Daniel F. Waggoner and Tao A. Zha
Emory University - Department of Economics, Renmin University of China, Federal Reserve Banks - Federal Reserve Bank of Atlanta, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 36 (751,343)

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infrastructure investment; monetary policy transmission; fiscal shocks; policy interaction; credit reallocation; LGFVs

20.

Cyclical Lending Standards: A Structural Analysis

Downloads 35 (758,654)

Cyclical Lending Standards: A Structural Analysis

FRB Atlanta Working Paper No. 2020-6
Number of pages: 53 Posted: 23 May 2020
Kaiji Chen, Patrick C. Higgins and Tao A. Zha
Emory University - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 22 (893,303)

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endogenous regime switching, asymmetric credit allocation, land prices, heavy GDP, debt-to-GDP ratio, nonlinear effects, GDP growth target, heavy loans, real estate

Cyclical Lending Standards: A Structural Analysis

NBER Working Paper No. w27214
Number of pages: 54 Posted: 26 May 2020 Last Revised: 12 May 2023
Kaiji Chen, Patrick C. Higgins and Tao A. Zha
Emory University - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 13 (986,522)

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21.

Aggregate and Distributional Impacts of Ltv Policy: Evidence from China's Micro Data

NBER Working Paper No. w28092
Number of pages: 74 Posted: 16 Nov 2020 Last Revised: 05 Apr 2023
Kaiji Chen, Qing Wang, Tong Xu and Tao A. Zha
Emory University - Department of Economics, Southwestern University of Finance and Economics (SWUFE), Southwestern University of Finance and Economics and Federal Reserve Bank of Atlanta
Downloads 14 (942,882)

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22.

China's Macroeconomic Development: The Role of Gradualist Reforms

NBER Working Paper No. w31395
Number of pages: 76 Posted: 26 Jun 2023 Last Revised: 10 Jul 2023
Kaiji Chen and Tao A. Zha
Emory University - Department of Economics and Federal Reserve Bank of Atlanta
Downloads 10 (981,592)
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23.

Monetary Policy Transmission Under Financial Repression

NBER Working Paper No. w31396
Number of pages: 33 Posted: 26 Jun 2023 Last Revised: 10 Jul 2023
Kaiji Chen, Yiqing Xiao and Tao A. Zha
Emory University - Department of Economics, Peking University and Federal Reserve Bank of Atlanta
Downloads 5 (1,023,107)
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