Yunhui Zhao

Last Updated: May 01, 2019

Yunhui Zhao

Yunhui Zhao is an Economist in the African Department at the IMF. He is working on the external and real sectors for Sao Tome and Principe (a program country), as well as coordinating and coauthoring an analytical chapter on trade for the April 2019 Regional Economic Outlook, a flagship publication of the African Department. Previously, he worked in the Monetary and Capital Markets Department. He holds a Ph.D. in Economics from New York University, and an M.Sc. in Economics (Research) from London School of Economics. He has done research on housing finance, macro-financial linkage, and applied econometrics including machine learning. Two of his current research projects study macroprudential policies and the Chinese housing market, respectively.

Email: YZHAO@imf.org

Personal WebPage: https://yunhuizhao.weebly.com/

Fluent In: Chinese.

Education:

Ph.D. in Economics, New York University, May 2016

M.Sc. in Economics (Research Track), London School of Economics, July 2010

Graduate Coursework in Finance, Central University of Finance and Economics, Beijing, China, September 2007-July 2009


Country work or Mission Assignment:

Saudi Arabia 2017 Financial Sector Assessment Program (FSAP)

Namibia 2018 FSAP

Kuwait 2019 FSAP

Sao Tome and Principe 2018 Article IV mission, and the 5th and 6th review missions


Work in progress:

Under-Developed Financial Market and Over-Developed Housing Sector in China (with Jack Favilukis, University of British Columbia; and Rengming Xie, CITIC Securities and Tsinghua University)


Field of Expertise:

Economic Modeling

Banking

Macro-Financial Issues

Publications in Journals (Referred)

“Evidence of Government Subsidy on Mortgage Rate and Default: Revisited,” Journal of Housing Research (Forthcoming)

“Spillover Effects of FDI in China: from the Perspective of Technology Gaps,” Journal of Renmin University of China (English Edition), 2010 (1), pp. 20-42. (with Qian Lu)

Yunhui Zhao

Yunhui Zhao is an Economist in the African Department at the IMF. He is working on the external and real sectors for Sao Tome and Principe (a program country), as well as coordinating and coauthoring an analytical chapter on trade for the April 2019 Regional Economic Outlook, a flagship publication of the African Department. Previously, he worked in the Monetary and Capital Markets Department. He holds a Ph.D. in Economics from New York University, and an M.Sc. in Economics (Research) from London School of Economics. He has done research on housing finance, macro-financial linkage, and applied econometrics including machine learning. Two of his current research projects study macroprudential policies and the Chinese housing market, respectively.

Email: YZHAO@imf.org

Personal WebPage: https://yunhuizhao.weebly.com/

Fluent In: Chinese.

Education:

Ph.D. in Economics, New York University, May 2016

M.Sc. in Economics (Research Track), London School of Economics, July 2010

Graduate Coursework in Finance, Central University of Finance and Economics, Beijing, China, September 2007-July 2009


Country work or Mission Assignment:

Saudi Arabia 2017 Financial Sector Assessment Program (FSAP)

Namibia 2018 FSAP

Kuwait 2019 FSAP

Sao Tome and Principe 2018 Article IV mission, and the 5th and 6th review missions


Work in progress:

Under-Developed Financial Market and Over-Developed Housing Sector in China (with Jack Favilukis, University of British Columbia; and Rengming Xie, CITIC Securities and Tsinghua University)


Field of Expertise:

Economic Modeling

Banking

Macro-Financial Issues

IMF Books and Working Papers:

Hang in There: Stock Market Reactions to Withdrawals of COVID-19 Stimulus Measures , Working Paper No. 2020/285 , December 18, 2020

Incomplete Financial Markets and the Booming Housing Sector in China , Working Paper No. 2020/265 , December 04, 2020

US Housing Market during COVID-19: Aggregate and Distributional Evidence , Working Paper No. 20/212 , September 25, 2020

Does Financial Tranquility Call for Stringent Regulation? , Working Paper No. 18/123 , May 31, 2018

IMF Country Reports

Namibia 2018 FSAP: Financial System Stability Assessment

Saudi Arabia 2017 FSAP: Financial System Stability Assessment

Democratic Republic of São Tomé and Princípe: 2018 Article IV Consultation, and Fifth Review Under the Extended Credit Facility Arrangement (including DSA and EBA reports)

Publications in Journals (Referred)

“Evidence of Government Subsidy on Mortgage Rate and Default: Revisited,” Journal of Housing Research (Forthcoming)

“Spillover Effects of FDI in China: from the Perspective of Technology Gaps,” Journal of Renmin University of China (English Edition), 2010 (1), pp. 20-42. (with Qian Lu)