DOCSLIB.ORG

Junyi Zhu Curriculum Vitae

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Junyi Zhu Curriculum Vitae Junyi Zhu Curriculum Vitae Research Center Email: [email protected] Deutsche Bundesbank, Webpage: https://sites.google.com/site/junyizhu21/ Wilhelm-Epstein-Str. 14 D-60431 Frankfurt am Main, Germany Phone: +49 69 9566-8206 Education Ph.D., Economics, May 2010 Stony Brook University. M.A., Economics, 2004 Temple University. B.A., Finance, 1998 Shanghai University of Finance and Economics. Employment 2010-present Research Center, Deutsche Bundesbank. 2009-2010 Center for Survey Research, Stony Brook University. 2006-2009 Instructor of Econometrics, Money and Banking and Introductory Economics, Stony Brook University. 1998-2002 Shanghai Pudong Development Bank, China. Refereed Publications “Bracket Creep Revisited with and without r>g: Evidence from Germany”, 2015. Forth- coming, Journal of Income Distribution. “Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area”, with Klaus Adam, 2014. Forthcoming, Journal of European Economic Association. “Household saving behaviour in the Euro area”, with Julia Le Blanc, Alessandro Por- piglia, Federica Teppa and Michael Ziegelmeyer, 2014. Forthcoming, International Jour- nal of Central Banking. Working Papers, and Work in Progress “Asking highly flexible forms of disaggregated income and single total question: a case study from PHF on measuring income in general purpose household survey”, work in progress, 2015. “Multiple imputation in a complex household survey - the German Panel on Household Finances (PHF): challenges and solutions”, with Martin Eisele, manuscript, 2013. “The PHF: A comprehensive panel survey on household finances and wealth in Ger- many”, with Ulf von Kalckreuth, Martin Eisele, Julia Le Blanc and Tobias Schmidt, Discussion Paper, Deutsche Bundesbank, 13/2012. 1 Junyi Zhu Curriculum Vitae “Saving and learning: Theory and evidence from saving for child’s college”, Discussion Paper, Deutsche Bundesbank, 21/2012. Seminar and conference presentations 2nd Annual MaTax (MannheimTaxation) Conference, University of Mannheim and ZEW, Mannheim, October, 2015. Discussant, Workshop on Household Finance and Economic Stability, CEPR - Univer- sity of St. Gallen, August, 2015. 5th World Congress of the International Microsimulation Association, Luxembourg, August, 2015. 6th Conference of the European Survey Research Association, Reykjavik, July, 2015. Research Seminar, Southwestern University of Finance and Economics, Chengdu, April, 2015. Research Seminar, Shanghai University of Finance and Economics, Shanghai, April, 2015. Conference on Crises and the Distribution, FU Berlin, Hans Boeckler Foundation and DIW/SOEP, Berlin, October, 2014. European Meeting of the International Microsimulation Association, Maastricht, Octo- ber 2014. Household Finance and Consumption Network Research Seminar, Frankfurt, March and October, 2014. 29th Annual Congress of the European Economic Association and 68th European Meet- ing of the Econometric Society, Toulouse, August 2014. Deutsche Bundesbank, Oesterreichische Nationalbank and Swiss National Bank Work- shop, Zurich,¨ June 2014. 2nd Luxembourg Workshop on Household Finance and Consumption, Luxembourg, June 2014. Annual Meeting of the Austrian Economic Association, Wien, May 2014. Discussant, Workshop of ”Monetary Policy and Inequality”, Federal Reserve Bank Of Atlanta and Council on Economic Policies, Atlanta, April 2014. Deutsche Bundesbank / FU Berlin Workshop, Berlin, June 2013. 5th Conference of the European Survey Research Association, Ljubljana, July 2013. 17th International Panel Data Conference, Montreal, July 2011. Eastern Economic Association, Annual Meeting, Philadelphia, February 2010. Midwest Economics Association, Annual Meeting, Chicago, March 2010. Language English (fluent), Mandarin (native), German (beginner) December, 2015 2.
Load more

Recommended publications
  • Services Offered at the Branches of the Deutsche Bundesbank to The
    Addresses and contact details The addresses, contact details and opening times of the Deutsche Bundesbank's branches can be found at the following link. www.bundesbank.de/branches Services offered to the general public Exchanging DM for euro It is possible to exchange unlimited amounts of DM for euro indefinitely and free of charge. We reserve the right to accept larger amounts of currency against temporary receipt and pay out the equivalent value established after processing at a later date. There is also the option of sending DM cash by post – at your own risk – to our branch in Mainz. You can find further information at www.bundesbank.de/dm_eur_exchange Exchanging euro banknotes and coins (in reasonable household quantities; not for commercial purposes) Private customers have the option of exchanging euro banknotes and coins for other denominations in reasonable household quantities (unsorted and unrolled coins) free of charge. We reserve the right to accept larger amounts of currency (particularly coins) against temporary receipt and pay out the equivalent value established after processing at a later date. Replacing damaged cash As a general rule, we will replace damaged euro and DM banknotes if more than half of the note is presented. Deliberately damaged euro banknotes will not be replaced. The same applies to euro and DM banknotes that have already been exchanged and devalued by a Bundesbank branch. All other banknotes can be submitted by filing an application for reimbursement. The Bundesbank will also replace damaged coins denominated in DM (pfennig), regular issue coins denominated in euro (cent) and German euro collectors' coins, provided they have not been counterfeited, do not contain holes and have not been altered in any way other than through normal use.
    [Show full text]
  • Deutsche Bundesbank, Joint Vienna Institute, Oesterreichische Nationalbank Course on Monetary Policy Implementation Vienna, Aust
    Deutsche Bundesbank, Joint Vienna Institute, Oesterreichische Nationalbank Course on Monetary Policy Implementation Vienna, Austria March 7-11, 2016 READING LIST Session Topic Source L-1 Principles for Modern Monetary Policy: Overview and Implications for Operations Frankel, Jeffrey A. (2010). “Monetary Policy in Emerging Markets: A Survey,” NBER Working Paper 16125, National Bureau of Economic Research, Inc. Internet www.nber.org/papers/w16125 International Monetary Fund (2015). “Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries,” October. Internet https://www.imf.org/external/np/pp/eng/2015/102315.pdf International Monetary Fund (2013). “The Dog That Didn’t Bark: Has Inflation Been Muzzled or Was It Just Sleeping?” World Economic Internet Outlook, April, Chapter 3. http://www.imf.org/external/pubs/ft/weo/2013/01/pdf/text.pdf Ostry, Jonathan et. al. (2012). “Two Targets, Two Instruments: Monetary and Exchange Rate Policies in Emerging Market Economies,” IMF Staff Discussion Note. http://www.imf.org/external/pubs/ft/sdn/2012/sdn1201.pdf Internet L-2 Monetary Policy Implementation and the Central Bank Balance Sheet Bindseil, Ulrich (2014). Representing Policy Operations in Financial Moodle Accounts, in Ulrich Bindseil (2014): Monetary Policy Operations and the Financial System, Chapter 2, pp. 15-35. European Central Bank (2015). The role of the central bank balance sheet in monetary policy, Economic Bulletin, Issue 4/2015. http://www.ecb.europa.eu/pub/pdf/other/art01_eb201504.en.pdf Internet Rule, Garreth (2015). Understanding the central bank balance sheet, CCBS Handbook, No. 32. http://www.bankofengland.co.uk/education/Documents/ccbs/handb Internet ooks/pdf/ccbshb32.pdf Page 1 of 5 L-3 Open Market Operations (OMO): Frequency, Maturities, Counterparties Bindseil, Ulrich (2014).
    [Show full text]
  • Central Banking Institutions and Traditions in West Germany After the War by Jörg Bibow the Levy Economics Institute May 2004
    Working Paper No. 406 Investigating the Intellectual Origins of Euroland’s Macroeconomic Policy Regime: Central Banking Institutions and Traditions in West Germany After the War by Jörg Bibow The Levy Economics Institute May 2004 “The reasons for the success of German monetary policy in defending price stability are in part historical. The experience gained twice with hyperinflation in the first half of this century has helped to develop a special sensitivity to inflation and has caused the wider public to believe in the critical importance of monetary stability in Germany. For this reason, the strong position of the Bundesbank is widely accepted by the general public - questioning its independence even seems to be a national taboo. This social consensus has yielded strong support for the policy of the Bundesbank. … No government has ever seriously considered modifying the Bundesbank Act as a means to deal with cases of conflict, although it could have done so with a simple majority of the Parliament. Historical experience in Germany testifies to the success of the concept of an independent central bank. Inflation rates have remained far below the average rates of most other industrial countries. Stable prices have contributed to a fairly stable social climate, which is felt to have favored growth of the German economy; this has strengthened its role in the world economy. The German currency, the Deutsche Mark, has become a major reserve currency in the world and the “anchor currency” in the European Monetary System, and it enjoys a high standing. ... In the light of the success of the Bundesbank, it is only natural that the German public will expect that any successor, which could take its place at the European level, should be at least as well equipped as the Bundesbank to defend price stability” (Hans Tietmeyer 1991: 182-3; Bundesbank president 1993-9).
    [Show full text]
  • Banking Globalization, Monetary Transmission, and the Lending
    The International Banking Research Network: Approaches and Initiatives Claudia M. Buch (Deutsche Bundesbank) Linda Goldberg (Federal Reserve Bank of New York) Joint IBRN-IMF Workshop | Washington DC | October 15, 2019 National Bank of Poland Oesterreichische Nationalbank Deutsche Bundesbank Sveriges Riksbank Norges Bank Central Bank of Russia Bank of Danmarks Nationalbank Canada Bank of England Central Bank of Ireland De Nederlandsche Bank Banque de France US Federal Reserve Banco de España Bank of Japan Banco de Portugal Bank of Korea Reserve Hong Kong Swiss National Bank Bank of Banco de Monetary Authority India México Banka Slovenije Banca D’Italia Central Bank of Central Bank of the Bank of Greece Colombia Republic of Turkey Banco Central do Brasil Bank of Israel Reserve Bank of Australia Central Bank of Chile International Organizations Bank for Organisation for Economic Financial International International European Central Bank European Systemic Risk Board Cooperation and Stability Board Monetary Fund Settlements Development 2 How does the IBRN operate? 3 Collectively determine policy- relevant issue Analyze (confidential) bank- level datasets Use common methodology, complement with cross- country perspective Share code, results, and perform meta analysis 4 What are the key research questions and outputs? 5 International transmission Adjustment of bank of monetary policy lending to liquidity risk through bank lending Interaction between Cross-border lending monetary and prudential effects of policies for bank lending macroprudential
    [Show full text]
  • The Bundesbank Ellen Kennedy
    Key Institutions of German Democracy Number 4 THE BUNDESBANK ELLEN KENNEDY GERMAN ISSUES 19 American Institute for Contemporary German Studies The Johns Hopkins University THE BUNDESBANK ELLEN KENNEDY GERMAN ISSUES 19 The American Institute for Contemporary German Studies (AICGS) is a center for advanced research, study, and discussion on the politics, culture, and society of the Federal Republic of Germany. Established in 1983 and affiliated with The Johns Hopkins University but governed by its own Board of Trustees, AICGS is a privately incorporated institute dedicated to independent, critical, and comprehensive analysis and assessment of current German issues. Its goals are to help develop a new generation of American scholars with a thorough understanding of contemporary Germany, deepen American knowledge and understanding of current German developments, contribute to American policy analysis of problems relating to Germany, and promote interdisciplinary and comparative research on Germany. Executive Director: Jackson Janes Research Director: Carl Lankowski Director of Development: William S. Stokes IV Board of Trustees, Cochair: Steven Muller Board of Trustees, Cochair: Harry J. Gray The views expressed in this publication are those of the author(s) alone. They do not necessarily reflect the views of the American Institute for Contemporary German Studies. ©1998 by the American Institute for Contemporary German Studies ISBN 0-941441-17-2 ISSN 1041-9810 Additional copies of this AICGS German Issue are available from the American Institute for Contemporary German Studies, Suite 420, 1400 16th Street, N.W., Washington, D.C. 20036-2217. Telephone 202/332-9312, Fax 202/265-9531, E-mail: [email protected], Web: http://www.aicgs.org ii FOREWORD Professor Ellen Kennedy’s short study is the fourth in the Institute’s series on key institutions of German democracy.
    [Show full text]
  • Political Aspects of the Bundesbank: Did the German Central Bank Have the Final Say on German Monetary Union and European Monetary Union?
    Political Aspects of the Bundesbank: Did the German Central Bank Have the Final Say on German Monetary Union and European Monetary Union? Flannery Dyon Senior Sophister As the euro area’s debt and banking problems increase, so has the role Germany plays in euro area policy-making, as the European Central Bank attempts to reassure markets. Flannery Dyon provides a fasci- nating insight into the influence of the Bundesbank, the German Cen- tral Bank, in shaping both German and European monetary policy. Introduction “There was just a moment of chaos when the D-mark took over East Germany on July 1st: a crowd of 10,000 gathered in East Berlin’s Al- exanderplatz and banged on the doors of Deutsche Bank, which as a publicity stunt chose to open at midnight. But the Prussian disci- pline prevailed. The Bundesbank had advised East Germans to save, not spend, their new notes. The East Germans obliged by drawing much less than the Bundesbank had expected. The feared spending boom was not to be.” In just a few sentences The Economist’s Berlin correspondent (1990) manages to describe the mixture of excitement and apprehension that accompanied the first hours of the German Monetary Union (GMU), which was accomplished on July 1st 1990, preceding the formal German reunification that would take place on October 3rd of that same year. 32 Monetary Thought The achievement of GMU was an essential step in completing for- mal German Reunification, which had been one of the main foreign policy goals of the Federal Republic of Germany since its creation in 1949.
    [Show full text]
  • Die Deutsche Bundesbank Notenbank Für Deutschland Die Deutsche Bundesbank Seite 2 Vorwort Seite 3
    Die Deutsche Bundesbank Notenbank für Deutschland Die Deutsche Bundesbank Seite 2 Vorwort Seite 3 Der stabilen Währung verpflichtet Die Deutsche Bundesbank ist die Notenbank für Deutschland. In der Europäischen Wirt- schafts- und Währungsunion leistet sie als Teil des Eurosystems einen wichtigen Beitrag zur Stabilität der gemeinsamen Währung, des Euro. Maßstab für das Handeln der Bundesbank sind die gesetzlich verankerte Unabhängigkeit und die vorgegebenen Aufgaben. Mit der hohen Kompetenz der Mitarbeiter und deren Engagement nimmt sie ihre Aufgaben verantwortungsbewusst und transparent wahr. Durch glaubwürdiges Handeln schafft die Bundesbank die Grundlage für das Vertrauen der Bevölkerung und der Märkte in ihre Stabilitätsorientierung. Denn eine stabile Währung ist keine Selbstverständlichkeit. Daher ist der Euro mit dem Versprechen verbunden, die Währungsunion als Stabilitätsunion zu sichern. Diesem Versprechen sind die nationalen Zentralbanken des Eurosystems und die Europäische Zentralbank sowie die Regierungen aller Mitgliedsländer und die europäischen Institu- tionen verpflichtet. Um ihren Stabilitätsauftrag zu erfüllen und das Verständnis für stabiles Geld zu stärken, gibt die Bundesbank in diesem Buch einen Überblick über die deutsche Zentralbankge- schichte und informiert über ihre vielfältigen Aufgaben sowie die rechtlichen Grundlagen. Dr. Jens Weidmann Präsident der Deutschen Bundesbank Die Deutsche Bundesbank Seite 4 Inhaltsverzeichnis 1 Einleitung .........................................................................................
    [Show full text]
  • Annual Report 2019
    Annual Report 2019 Members of the Executive Board of the Deutsche Bundesbank Dr Jens Weidmann President of the Deutsche Bundesbank Professor Claudia Buch Vice-President of the Deutsche Bundesbank Burkhard Balz Dr Johannes Beermann Dr Sabine Mauderer Professor Joachim Wuermeling We mourn the loss of the following members of our staff Klaus Peter Rarek 27 February 2019 Bernd Hagebusch 28 March 2019 Regina Elfes 6 May 2019 Lothar Schneider 23 May 2019 Klaus Scheffler 20 June 2019 Ina Kerstin Oosterhagen 13 July 2019 Bettina Andrees 7 August 2019 Heike Kirchner 11 August 2019 Michael Habbe 30 August 2019 Roland Happ 9 September 2019 Marco Schröder 18 September 2019 Johannes Christian Rank 23 September 2019 Bernard Bajon 3 October 2019 Jürgen Hugo Recktenwald 8 October 2019 Walter Müller 22 October 2019 Wilfried Seifert 19 November 2019 Ralf Gerhard Ebert 6 December 2019 Ines Gaudl 27 December 2019 We also remember the retired staff members of the Bank who passed away in 2019. We will honour their memory. DEUTSCHE BUNDESBANK Deutsche Bundesbank Annual Report 2019 6 Deutsche Bundesbank Wilhelm-Epstein-Strasse 14 60431 Frankfurt am Main Germany Postfach 10 06 02 60006 Frankfurt am Main The Annual Report is published by the Deutsche Germany Bundesbank, Frankfurt am Main, by virtue of Section 18 of the Bundesbank Act. It is available Tel.: +49 (0)69 9566 3512 to interested parties free of charge. Email: www.bundesbank.de/kontakt This is a translation of the original German Internet: www.bundesbank.de language version, which is the sole authorita- tive text. Reproduction permitted only if source is stated.
    [Show full text]
  • Setting a New Course Global Investors Rethink Health and Wealth in a Post-COVID World
    UBS Investor Watch Global Insights 2020 Volume 1 Setting a new course Global investors rethink health and wealth in a post-COVID world Global investors believe that things will … and want to focus on family, health and safety. never be the same … “Staying healthy is my top 75% 88% priority.” The old way of life will be forever changed. “I want to protect my 82% family more.” 81% A sense of fear will “I want to spend more time remain for a long time. 77% with loved ones.” Global investors were impacted ... and many have financial concerns. financially by COVID-19 ... % 30 25% Liquidity Longevity Legacy No impact Significantly impacted 56% 65% 60% 45% “I worry about not “My retirement “I worry about Somewhat impacted having enough savings were being a financial saved if there is impacted by burden to my another pandemic.” COVID-19.” family if I get sick.” Global investors want to protect their Advice is key for global investors. wealth, but also see opportunities ahead. “I want more guidance than usual from my 81% BUT 79% 83% client advisor during times like this.” “I fear a further “I see volatility as market decline.” an opportunity.” Millennial spotlight > 1 of 4 Millennial spotlight Younger investors were hit hard by COVID-19 ... Millennials Boomers “I was financially impacted by the VS. pandemic.” 73% 66% “The pandemic impacted how I think VS. about my money.” 74% 55% ... and are more worried about finances than older ones ... Having to work longer to make up for losses. Millennials 71% Boomers 34% Not having enough money saved in case there is another pandemic.
    [Show full text]
  • All Eyes on the Fed UBS House View - Daily US
    8 July 2019, 11:38AM UTC Chief Investment Office GWM Investment Research All eyes on the Fed UBS House View - Daily US Mark Haefele, Global Chief Investment Officer GWM, UBS AG; Vincent Heaney, Strategist, UBS AG; Christopher Swann, Strategist, UBS Switzerland AG Thought of the Day Market update President Donald Trump continues to criticize the Federal Reserve, saying this Stoxx Europe 600 -0.1%, European stocks weekend that if the central bank “knew what it was doing” it would cut subdued after US jobs data weigh on rate rates. cut hopes. US 2-year yields -1bps, Treasury yields But, despite the president’s wishes, the decision on whether to reduce rates holding onto most of Friday's sharp gains. at this month’s Federal Open Market Committee meeting remains finely Brent crude +0.2%, crude prices edging balanced: higher on Iran tensions. • Ahead of this week’s semi-annual testimony to Congress by Fed Chair Ahead of the open Jerome Powell, the Fed has published its Monetary Policy Report (MPR), S&P 500 futures pointed to a lower start to which sheds light on the central bank’s reaction function. The report the week, with the index expected to open attributes only a small proportion of the slowdown in global growth and 0.2% lower on Monday. The strong US labor trade volumes to the direct impact of tariffs, highlighting instead the market report on Friday has given investors impact of uncertainty over trade policy on manufacturing, trade, and pause for thought on the likelihood of Fed investment. According to the Fed, this year’s decline in Treasury yields, action at this month's FOMC meeting.
    [Show full text]
  • The Bundesbank's Communications Strategy and Policy Conflicts with the Federal Government
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Siklos, Pierre L.; Bohl, Martin T. Working Paper The Bundesbank's Communications Strategy and Policy Conflicts with the Federal Government Working Paper Series, No. 2005,8 Provided in Cooperation with: European University Viadrina Frankfurt (Oder), The Postgraduate Research Programme Capital Markets and Finance in the Enlarged Europe Suggested Citation: Siklos, Pierre L.; Bohl, Martin T. (2005) : The Bundesbank's Communications Strategy and Policy Conflicts with the Federal Government, Working Paper Series, No. 2005,8, European University Viadrina, The Postgraduate Research Programme: Capital Markets and Finance in the Enlarged Europe, Frankfurt (Oder) This Version is available at: http://hdl.handle.net/10419/22107 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence.
    [Show full text]
  • 22.01.2014 Deutsche Bundesbank, Oesterreichische Nationalbank and Swiss National Bank Found Carl Menger Prize for Research
    Press release Communications P.O. Box, CH-8022 Zurich Telephone +41 44 631 31 11 [email protected] Zurich, 22 January 2014 Deutsche Bundesbank, Oesterreichische Nationalbank and Swiss National Bank found Carl Menger Prize for Research The Deutsche Bundesbank, the Oesterreichische Nationalbank (OeNB) and the Swiss National Bank (SNB) have joined forces to found a prize for efforts in the field of economics. The prize will be awarded to an economist in recognition of excellence in his or her research work relating to monetary and international macroeconomics or financial market stability. In sponsoring this prize, the three central banks aim to foster research on money and monetary issues and to intensify the interaction between central banks and researchers. The prize is named after the Austrian economist Carl Menger and will be awarded every two years at the autumn annual meeting of the Verein für Socialpolitik, starting in September 2014 when the association convenes in Hamburg. The recipient will be awarded EUR 20,000 in prize money. To qualify for the prize, contenders must teach at a European university and be aged under 45 at the time the prize is awarded. Prize-winners are invited to spend a period of time carrying out research within one of the participating central banks. Nominees for the Carl Menger Prize are put forward by an expert panel. Direct applications are not considered. Commenting on the newly created prize, Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, was keen to point out that “The past few years in particular have borne testament to the importance of research into those areas that are relevant to financial market stability.
    [Show full text]