Donghai Zhang
Biographic Data
| ID | 5733418 |
|---|---|
| NAME | Donghai Zhang |
| GIVEN NAMES | Donghai |
| FAMILY NAME | Zhang |
| SIGNATURE | ZHANG D |
| AFFILIATIONS | National University of Singapore |
| ORCID | 0000-0003-0141-809X |
| VERIFIED | Yes |
| TOTAL WORKS | 3 |
| TOTAL CITATIONS | 1 |
| WORKS AS AUTHOR | 3 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2010 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 1 |
Quantifying the Federal Reserve's objectives using a structural vector autoregressive model
The objective of the Federal Reserve (the Fed), namely, its dovish stance, is often blamed for the so‐called Great Inflation. A popular proxy for the Fed's dovish stance is constructed using the inflation coefficients in estimated Taylor rules. However, for a welfare‐optimizing central bank, the estimated Taylor coefficients are not sufficient for inferring its underlying preference. We quantify the Fed's objective—the targeting rule—relying on a…
Assessing Macroeconomic Tail Risk
Real gross domestic product and industrial production in the United States display substantial asymmetry and tail risk. Is this asymmetry driven by a specific structural shock? Our empirical approach, based on quantile regressions and local projections, suggests otherwise. We find that the tenth percentile of predictive growth distributions responds between three and six times more than the median to monetary policy shocks, financial shocks, unce…
Effectiveness of professional development policies based on teachers’ subjective evaluation
Assessing Macroeconomic Tail Risk
Real gross domestic product and industrial production in the United States display substantial asymmetry and tail risk. Is this asymmetry driven by a specific structural shock? Our empirical approach, based on quantile regressions and local projections, suggests otherwise. We find that the tenth percentile of predictive growth distributions responds between three and six times more than the median to monetary policy shocks, financial shocks, unce…
Effectiveness of professional development policies based on teachers’ subjective evaluation
Assessing Macroeconomic Tail Risk
Real gross domestic product and industrial production in the United States display substantial asymmetry and tail risk. Is this asymmetry driven by a specific structural shock? Our empirical approach, based on quantile regressions and local projections, suggests otherwise. We find that the tenth percentile of predictive growth distributions responds between three and six times more than the median to monetary policy shocks, financial shocks, unce…
Quantifying the Federal Reserve's objectives using a structural vector autoregressive model
The objective of the Federal Reserve (the Fed), namely, its dovish stance, is often blamed for the so‐called Great Inflation. A popular proxy for the Fed's dovish stance is constructed using the inflation coefficients in estimated Taylor rules. However, for a welfare‐optimizing central bank, the estimated Taylor coefficients are not sufficient for inferring its underlying preference. We quantify the Fed's objective—the targeting rule—relying on a…
Autoregressive model (2 works) · Econometrics (2 works) · Economics (2 works) · Market Dynamics and Volatility (2 works) · Monetary Policy and Economic Impact (2 works) · Asymmetry (1 work) · China (1 work) · Economic, financial, and policy analysis (1 work) · Energy, Environment, Economic Growth (1 work) · Industrial production (1 work)