PERSONAL PROFILE
Dr. ZHOU Zhen is an Associate Professor (without tenure) at the People’s Bank of China School of Finance, Tsinghua University, where he has been a faculty member since 2016. He is also a research fellow and deputy director at the Research Center for Monetary Policy and Financial Stability at PBC School of Finance. Dr. Zhou's primary research interest is understanding financial panics and designing regulatory policies to prevent them. His recent work includes developing theoretical models to investigate financial regulation, corporate policies, and macroeconomics from an information perspective. In addition, he applies experimental methods to understand strategic decision-making regarding coordination and information transmission, and conducts empirical investigations of the Chinese banking system. Dr. Zhou's research has been published in prestigious journals such as the American Economic Review, Games and Economic Behavior, and the Journal of Economic Theory.
EMPLOYMENT
Dec 2022- current Associate Professor (untenured), PBC School of Finance, Tsinghua University
Sep 2016- Nov 2022 Assistant Professor, PBC School of Finance, Tsinghua University
Sep 2012- May 2016 Adjunct Lecturer, Department of Economics, New York University
EDUCATION
May 2016 Ph.D. in Economics, New York University
June 2010 M.A. in Economics, Tsinghua University
July 2008 B.A. in Economics, Fudan University
PUBLICATION
Diffusing Coordination Risk, with Deepal Basak (Indiana Kelley), American Economic Review, 110 (1): 271-97.
Disclosure in Epidemics, with Ju Hu (PKU), Journal of Economic Theory, 202, 105469 (Lead Article).
Coordination via Delay: Theory and Experiment, with Wendy Jin (NYU Shanghai) and Adam Brandenburger (NYU Stern), Games and Economic Behavior, Volume 137, January 2023, 23-49.
Informational Feedback between Voting and Speculative Trading, with Bo Wang, Games and Economic Behavior, Volume 138, March 2023, 387-406
Panics and Early Warnings, with Deepal Basak (Indiana Kelley), Journal of Political Economy (forthcoming)
WORKING PAPERS
SELECTED WORK IN PROGRESS
The Implicit Non-guarantee in the Chinese Banking System, with Liyuan Liu and Xianshuang Wang (Tsinghua PBCSF)
Strength v.s. Frequency of the Liquidity Stress Tests, with Deepal Basak (Indiana Kelley) and Mayur Choudhary (LBS)
Communication with Transparent Motives in the Laboratory, with Wendy Jin (NYU Shanghai)
SEMINAR AND CONFERENCE PRESENTATIONS
2014：NYU Financial Economics Workshop, Micro Foundations for Macro Finance Workshop
2015：RES Annual Conference (Manchester), The 10th PHD Meeting of RES (UCL), Annual Conference of SED (Warsaw), NYU Financial Economics Workshop
2016：SAIF, PBCSF Tsinghua, CKGSB, Luxembourg School of Finance, SHUFE, Fudan, Hanqing (RUC), MoFiRWorkshop on Banking (Chicago), Econometric Society North American Meeting (Upenn), Global Games in Ames (Iowa State), Greater China Area Finance Conference (Xiamen), CICF (Xiamen), UECE Lisbon Meetings 2016, UNSW-ADB Conference (Sydney), 2nd Annual Conference Volatility Institute NYU Shanghai (discussant)
2017：CUHK Shenzhen, Frontier of Finance 2017 (London), Econometric Society Asian Meeting (Hong Kong), Tsinghua Macro Workshop (discussant), Tsinghua Finance Workshop (discussant), Applications of Behavioural Economics, and Multiple Equilibrium Models to Macroeconomic Policy Conference (Bank of England), CCER Summer Institute (Yantai), ISB Summer Conference (Hyderabad), FTG Summer meeting on Liquidity in Financial Markets and Insttutions (St Louis), BIS, 9th ECB Network Conference, SFS Cavalcade Asia-Pacific 2017 (discussant)
2018：PKU-NSD Theory Seminar, Seoul National University, SHUFE Microeconomics Workshop 2018, HKUST, CUEB, Five-Star Finance Workshop 2018 (Beijing)
2019：NYU Shanghai, FTG Summer Meeting (Madrid), CICF (Guangzhou, discussant), Conference on Systemic Risk and Financial Stability (Freiburg), OXFIT 2019, UPF, NUS, Singapore Management University, Fudan FISF, SHUFE Finance, University of Toronto, UW Bothell, Rochester (Simon)
2020：UC Davis, Econometric Society World Congress, NFA (discussant)
2021：AEA, Seminars in Economic Theory (Warwick)
2022：China Fintech Research Conference (discussant), University of Macau, CFRC, Econometric Society Japan/Asian/European Summer Meeting, International Conference of the Stony Brook Game-Theory
2023：Tongji University, SAIF(scheduled), Junior Banking Theory Brown-Bag (online, scheduled), CUHK-SZ (scheduled), Bank of Finland (scheduled)
TEACHING EXPERIENCE
2023- Advanced Financial Intermediation and Regulation, Tsinghua, Instructor
2019- Third-year Research Paper workshop, Tsinghua, Instructor
2017- Advance Microeconomics II, Tsinghua, Instructor
Fall 2016 Principle of Economics, Tsinghua, Instructor
2012-2014 Intermediate Macroeconomics, NYU, TA for Prof. Jaroslav Borovicka
Fall 2014 Hedge Fund Strategies, NYU Stern, Teaching Fellow for Prof. Manjiree Jog
Fall 2014 Credit Risk and Financial Crisis (Module 3), NYU Stern, Teaching Fellow
Summer 2014 Intermediate Microeconomics, NYU, Instructor
Summer 2013 Intermediate Macroeconomics, NYU, Instructor
Fall 2012 Economic Principles I (Macro), NYU, TA for Prof. Marc Lieberman
Fall 2011 Statistics, NYU TA for Prof. Dermot Gately
RESEARCH EXPERIENCE AND OTHER EMPLOYMENT
Nov 2019-now Associate Director, Research Center for Monetary Policy and Financial Stability at
the National Institute of Financial Research, Tsinghua University
Spring 2015 GRI Fellow, NYU London
Fall 2012 Research Assistant for Professor Vasiliki Skreta, NYU Stern
Fall 2009 Visiting Student, University of Zurich
GRANTS, HONORS AND AWARDS
2022 PWC 3535 Best Paper Award
2021-2023 Tsinghua University Spring Breeze Fund (RMB 250K)
2020 Research Award, China Information Economics Society
2018-2020 National Natural Science Funds of China Grant#71703101 (RMB 190K), Co-investigator
2016-2019 Tsinghua University Initiative Scientific Research Grant (RMB 300K)
2010-2015 Henry M. MacCracken Fellowship, NYU
2011 Pass with Distinction in Macro Qualifying examination
2008 Distinguished Undergraduate Thesis, Fudan University
PROFESSIONAL ACTIVITIES
Ad-hoc Referee: Canadian Journal of Economics, Economic Modeling, Games and Economic Behavior, International Economic Review, Journal of Banking and Finance, Journal of Economic Theory, Journal of Finance, Review of Economic Studies, Review of Financial Studies, Hong Kong Research Grant Council
Program committee member: China Financial Research Conference (2019- ), China International Conference in Macroeconomics (2021-)
Conference organization: Tsinghua Theory and Finance Workshop 2019 (Program)
