PERSONAL PROFILE
ZHANG Fudong joined Tsinghua University PBC School of Finance as an Assistant Professor in 2016 after receiving his Ph.D. in Economics from University of Michigan. Prior to his Ph.D. study, Fudong received a B.S. in economics and mathematics from Central University of Finance and Economics, Beijing, China in 2010.
Fudong’s general research areas are macroeconomics and international economics with a special focus on inequality, housing, fiscal policy, sovereign defaults, survey measures of preferences, and the Chinese economy. In one of his recent working papers, Fudong showed a mechanism that links housing market outcomes to inequality dynamics, which can quantitatively explain the recent Chinese housing price boom.
EDUCATION
2010.8-2016.8 Ph.D. in Economics, University of Michigan
2006.9-2010.6 B.S. in Economics and Mathematics, Chinese Economics and Management Academy,
Central University of Finance and Economics
ACADEMIC EXPERIENCE
2016.12 - Current Assistant Professor, PBC School of Finance, Tsinghua University
RESEARCH INTERESTS
Macroeconomics, International Economics
WORKING PAPERS
[1] Inequality and House Prices, 2016.
[2] The Welfare and Distributional E?ects of Fiscal Uncertainty: A Quantitative Evaluation,
with Rüdiger Bachmann, Jinhui Bai, and Minjoon Lee, 2015
[3] Diminishing Marginal Utility Revisited, with Miles Kimball, Fumio Ohtake, Daniel Reck, and Y. Tsutsui, 2015.
[4] Trade after Sovereign Default, with Chenyue Hu, 2015.
WORK IN PROGRESS
[1] Return Differentials and Wealth Dynamics, with Romain Rancière.
[2] Housing as a Financial Asset in a Life-cycle Model: Equilibrium Implications, with Dmitriy Stolyarov.
[3] Separating Loss Aversion from Risk Aversion, with Miles Kimball.
[4] Inequality and Cross-country Consumption Risk-sharing.
TEACHING
Instructor, PBC School of Finance, Tsinghua University
Advanced Microeconomic Theory (Ph.D. level), Fall 2016
International Finance (undergraduate level), Fall 2016
Instructor, University of Michigan
Principles of Macroeconomics (introductory level), Spring 2014
Graduate Student Instructor, University of Michigan
Principles of Microeconomics (Introductory level), Winter 2015
Macroeconomic Theory (Ph.D. level), Fall 2014
Principles of Macroeconomics (introductory level), Winter 2014
Game Theory (advanced undergraduate level), Fall 2011-Fall 2013
Teaching Assistant, Central University of Finance and Economics
Advanced Financial Economics (advanced undergraduate level), Winter 2010
Dynamical System (advanced undergraduate level), Fall 2009
FELLOWSHIPS AND AWARDS
Robert V. Roosa Dissertation Fellowship, University of Michigan 2015-2016
Summer Award, University of Michigan 2015
Rackham Research Grant, University of Michigan 2014
Summer Research Apprenticeship, University of Michigan 2011-2012
Distinguished Doctoral Study Scholarship, China Scholarship Council 2010-2014
National Scholarship, Ministry of Education of P.R. China 2008-2009
SEMINAR AND CONFERENCE PRESENTATIONS
2015: CES North America Conference, The IMF Institute for Capacity Development, University of Michigan, Cleveland State University
2016: Tsinghua University (SEM), Tsinghua University (PBC), Peking University (GSM), University of Hong Kong, Shanghai Jiao Tong University (Antai), GRIPS-KEIO Macroeconomics and Policy Workshop
OTHER PROFESSIONAL ACTIVITIES
Fund Internship Program at the IMF, supervised by Romain Rancière Summer 2015
Research Assistant to Miles Kimball 2011-2015
Referee for Journal of Economic Behavior & Organization
