He Nie (聂禾) | Wuhan University

About Me

(untenured) Associate Professor in Finance, Wuhan Uni.; AE, Financial Economics Letters.

[Aug. 2025] Could firms’ liquidity choices, namely the balance between internal cash holdings and external finance, determine when sunspot traps arise? Our paper shows that they do.
[Jul. 2025] We are revising a RED R&R, co-authored with PhD student (WHU), on how consumption taxes influence ZLB duration.
[Jun. 2025] Empirically, migration increases housing price dispersion and raises inequality. We explain this with a two-asset heterogeneous-agent general equilibrium model, where real estate acts as the key channel connecting migration and inequality.
[Feb. 2025] In China, low inflation, and high real rates twist policy gears. We find that active fiscal and moderate monetary policies mitigate demand shock effects.

Macroeconomic effects of monetary and fiscal policy in tractable DSGE models:
1. The Promises (and Perils) of Control-Contingent Forward Guidance
  with Jordan Roulleau-Pasdeloup
  Review of Economic Dynamics, 2023.
2. Government Spending Multipliers with the Real Cost Channel
  Macroeconomic Dynamics, 2024.
Quantitative modelling and financial econometrics modelling:
1. Do cryptocurrencies hedge against EPU and the equity market volatility during COVID-19?–New evidence from quantile coherency analysis
  with Jiang, Yonghong et al.
  Journal of International Financial Markets, Institutions and Money, 2021.
2. The dynamics of crude oil future prices on China’s energy markets: Quantile‐on‐quantile and casualty‐in‐quantiles approaches
  with Meng, Juan and Mo, Bin
  Journal of Futures Markets, 2023.

Introduction to Python for Econometrics, Statistics and Data Analysis by Kevin Sheppard