China Center for Economic Research
National School of Development
Peking University
No. 5 Yiheyuan Road,
Haidian, Beijing, China, 100871
Phone (Office): +86(0)10- 6275 8935
Phone (Cell): +86 186 1227 9780
E-mail: changhuayu@nsd.pku.edu.cn
https://sites.google.com/site/changhuay/
Short-Bio
Changhua Yu is an Associate Professor of Economics and a Boya Youth Scholar at Peking University. He earned his PhD from the University of British Columbia in 2012. Yu has served as a Visiting Research Fellow at the Hong Kong Institute of Monetary Research and the Bank for International Settlements. His research specializes in international finance and macroeconomics. Recently, he has concentrated on topics such as international capital flows and financial crises, the interplay between capital controls, monetary policy, and macroprudential policies, as well as production networks and macroeconomic policies. His work has been published in leading academic journals, including the Review of Economic Studies, Journal of International Economics, Journal of Monetary Economics, The Economic Journal, and Journal of Economic Theory.
Position
PKU Boya Youth Scholar and Chang Jiang Youth Scholar 2023-current
Tenured Associate Professor, China Center for Economic Research, National School of Development, Peking University, 2022-current
Assistant Professor, China Center for Economic Research, National School of Development, Peking University, 2015-2021
Assistant Professor, School of Finance, University of International Business and Economics, 2012-2015
Research Interests
International Finance and Macroeconomics
Monetary Economics
Financial Macroeconomics
Courses Taught
Macroeconomics, Monetary Economics, International Finance and Macroeconomics, International Development
Education
Ph.D. in Economics, University of British Columbia, Vancouver, 2012. Thesis title: “Essays in international portfolio choice and monetary policy” . Thesis committee: Michael B. Devereux (supervisor), Henry Siu and Viktoria Hnatkovska
M.A. in Economics, Guanghua School of Management, Peking University, Beijing, 2006
B.A. in Sociology, Renmin University of China, Beijing, 2003
Other Professional Activities
Visiting Research Fellow, Hong Kong Institute of Monetary Research, June-July 2015, August 2018, August 2024
Visiting Assistant Professor, Johns Hopkins University, January-February, 2019
Visiting Research Fellow, Bank for International Settlements, July 2024
Publications (Articles)
Publications in Chinese
陈贞竹，李力，余昌华。我国货币政策传导效率及信号效应研究————基于金融市场日度数据识别的视角[J]。《经济学》（季刊），2023,23(1): 58-75
黄益平, 曹裕静, 陶坤玉, 余昌华。 货币政策与宏观审慎政策共同支持宏观经济稳定[J]。《金融研究》, 2019, 474(12): 70-91. 《金融研究》年度优秀论文（2019年）
黄益平、徐诗语、余昌华、杜浩锋、伍晓鹰。生产网络视角下的中国经济周期[J]。《经济研究》，2024年第9期，总第684期第59卷：42-61.
Book Chapters
“Monetary Policy Responses to External Spillovers in Emerging Market Economies”, with Michael B. Devereux, pp. 183-222, in book “ Monetary policy and global spillovers: Mechanisms, effects and policy measures ”, edited by Enrique G. Mendoza, Ernesto Pasten and Diego Saravia, Central bank of Chile, Santiago, Chile, 2018.
Referring Journals
Journal of Monetary Economics, Journal of International Economics, Economic Journal, Review of Economic Dynamics, Europe Economic Review, Journal of Money, Credit and Banking, Journal of Economic Dynamics & Control, Macroeconomic Dynamics, Review of International Economics, Journal of International Money and Finance, Economica
Research Grants
National Natural Science Foundation of China, “ Monetary Policy and Macro-Prudential Policy in a Production Network: Transmission Mechanism and Cooperation across Borders”, grant 72173007, 2021-2025
National Natural Science Foundation of China, “ International Capital Flows and Macro-Prudential Policy”, grant 72173007, 2014-2016
Peking University, Start-up Research Grant, 2016-2019
The Scientific Research Starting Foundation for Returned Overseas Chinese Scholars, Ministry of Education , China, 2014-2015
Awards for Services
Outstanding Class Advisor, Peking University, 2020
