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

21

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2,154

SSRN CITATIONS
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Top 6,543

in Total Papers Citations

171

CROSSREF CITATIONS

30

Scholarly Papers (21)

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1.

The Great Housing Boom of China

Downloads 432 ( 95,501)
Citation 35

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 285 (149,889)
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 147 (275,800)
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 284 (151,140)
Citation 23

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Consumption, Saving, Business Fluctuations, Cycles

3.

Trends and Cycles in China's Macroeconomy

Downloads 164 (185,202)
Citation 30

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 139 (288,341)

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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 2022
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 25 (684,435)
Citation 18

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4.

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 154 (264,826)
Citation 11

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Financial Friction, Capital Reallocation, TFP Fluctuation, News Shock

5.

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 150 (270,474)

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News, Financial Constraint, Corporate Savings

6.

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

Downloads 142 (282,478)
Citation 1

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 116 (330,109)

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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&Apos;S Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks&Apos; Role in Entrusted Lending

NBER Working Paper No. w21890
Number of pages: 64 Posted: 20 Jan 2016 Last Revised: 25 Apr 2021
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 26 (676,648)
Citation 1

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7.

Macroeconomic Effects of China's Financial Policies

Downloads 102 (358,384)
Citation 1

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 81 (417,283)
Citation 1

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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 2022
Kaiji Chen and Tao A. Zha
Emory University - Department of Economics and Federal Reserve Bank of Atlanta
Downloads 21 (717,435)

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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 98 (367,850)
Citation 7

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Misallocation, TFP, Chile

9.

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 85 (401,569)
Citation 2

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Financial Friction, Capital Reallocation, Business Cycle

10.

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 82 (410,121)
Citation 1

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

11.

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

Downloads 71 (444,483)
Citation 5

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 58 (499,410)
Citation 2

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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: 23 Feb 2022
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 13 (790,739)
Citation 1

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12.

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 66 (461,691)
Citation 1

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

13.

Markovian Social Security in Unequal Societies

Downloads 61 (480,206)
Citation 2

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 61 (487,234)
Citation 4

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

Markovian Social Security in Unequal Societies

The Scandinavian Journal of Economics, Vol. 116, Issue 4, pp. 982-1011, 2014
Number of pages: 30 Posted: 23 Sep 2014
Kaiji Chen and Zheng Michael Song
Emory University - Department of Economics and Fudan University - School of Economics
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Inequality, intertemporal tax linkage, redistribution

14.

The Welfare Implications of Social Security for Homeowners

Number of pages: 45 Posted: 02 May 2006
Kaiji Chen
Emory University - Department of Economics
Downloads 58 (491,840)
Citation 1

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Housing, Social Security

15.

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 52 (516,488)
Citation 10

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

16.

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 51 (520,961)
Citation 2

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government debt, tax distortion

17.

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 47 (538,914)
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

18.

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 23 (679,849)

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

19.

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

Downloads 17 (727,737)

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 10 (821,356)

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

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: 07 Jul 2022
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 7 (853,840)

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20.

Cyclical Lending Standards: A Structural Analysis

Downloads 13 (762,989)

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 11 (811,010)

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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 2022
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 2 (916,852)

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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: 04 Apr 2022
Kaiji Chen, Qing Wang, Tong Xu and Tao A. Zha
Emory University - Department of Economics, Southwestern University of Finance and Economics (SWUFE), Emory University and Federal Reserve Bank of Atlanta
Downloads 2 (878,965)
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