Juniorprofessorin Xiang Li, Ph.D.

Aktuelle Position

seit 1/19

Leiterin der Forschungsgruppe Internationale Integration der Finanzmärkte, Wirtschaftswachstum und Finanzstabilität

Leibniz-Institut für Wirtschaftsforschung Halle (IWH)

seit 10/18

Juniorprofessorin

Martin-Luther-Universität Halle-Wittenberg

seit 10/18

Wissenschaftliche Mitarbeiterin der Abteilung Makroökonomik

Leibniz-Institut für Wirtschaftsforschung Halle (IWH)

Forschungsschwerpunkte

  • internationale Finanzen
  • chinesische Wirtschaft
  • Makroökonomik offener Volkswirtschaften

Xiang Li wurde im Oktober 2018 von der Martin-Luther-Universität Halle-Wittenberg zur Juniorprofessorin berufen. Sie ist darüber hinaus Mitarbeiterin der Abteilung Makroökonomik am IWH. Ihre Forschungsinteressen liegen im Bereich internationale Finanzen.

Xiang Li studierte und promovierte an der Peking University.

Ihr Kontakt

Juniorprofessorin Xiang Li, Ph.D.
Mitglied - Abteilung Makroökonomik
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Publikationen

Arbeitspapiere

China’s Monetary Policy Communication: Frameworks, Impact, and Recommendations

Michael McMahon Alfred Schipke Xiang Li

in: IMF Working Paper No. 18/244, 2018

Abstract

Financial markets are eager for any signal of monetary policy from the People’s Bank of China (PBC). The importance of effective monetary policy communication will only increase as China continues to liberalize its financial system and open its economy. This paper discusses the country’s unique institutional setup and empirically analyzes the impact on financial markets of the PBC’s main communication channels, including a novel communication channel. The results suggest that there has been significant progress but that PBC communication is still evolving toward the level of other major economies. The paper recommends medium-term policy reforms and reforms that can be adopted quickly.

Publikation lesen

Within Gain, Structural Pain: Capital Account Liberalization and Economic Growth

Xiang Li Dan Su

in: New Structural Economics Working Paper No. E2018010, 2018

Abstract

This paper is the first to study the effects of capital account liberalization on structural transformation and compare the contribution of within term and structural term to economic growth. We use a 10-sector-level productivity dataset to decomposes the effects of opening capital account on within-sector productivity growth and cross-sector structural transformation. We find that opening capital account is associated with labor productivity and employment share increment in sectors with higher human capital intensity and external financial dependence, as well as non-tradable sectors. But it results in a growth-reducing structural transformation by directing labor into sectors with lower productivity. Moreover, in the ten years after capital account liberalization, the contribution share of structural transformation decreases while that of within productivity growth increases. We conclude that the relationship between capital account liberalization and economic growth is within gain and structural pain.

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