I am a fifth-year Ph.D. candidate in Economics at HKU Business School, The University of Hong Kong, with research interests in international macroeconomics and finance. My current research features themes such as the Global Financial Cycle, the international transmission of monetary policy, and the dynamics of interest rates and exchange rates.

I received my Bachelor's degree in Economics from Sun Yat-sen University, China, in 2020.

yzhang20@connect.hku.hk

Room 1120, K.K. Leung Building, The University of Hong Kong, Pokfulam, Hong Kong

Research

• Country Heterogeneity in the Global Bond Cycle: A Foreign Investor Composition Perspective, with Jiayi Li.
  Summary: Government bonds owned more by long-term investors such as insurance companies and pensions are less sensitive to various global risk factors. (Previous title: Foreign Long-term Institutional Investors, Government Debt, and Global Financial Stability)
  Presented at 2024 SASCA PhD Conference, 12th UECE Conference on Economic and Financial Adjustment, and HKU.
• Quantitative Easing and Exchange Rates: High-frequency Evidence from the United States, the Eurozone, the United Kingdom, and Japan.
  Summary: Quantitative easing news strongly depreciates currency values within days.
  Presented at HKU.

Discussion

• Mortgage Refinancing and the Marginal Propensity to Consume (Pesce, Zhang, 2024, SASCA PhD Conference).

Teaching Assistantship

• Fall 2024 PMBA2963 Managerial Economics.
• Spring 2023, 2024 ECON6008 International Macroeconomics and Finance.