He Nie (聂禾) | Wuhan University

About Me

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

[Oct. 2025] In China’s bank-based system, “asset growth” mixes liquidity and credit constraints. We show that a new PPE-based investment factor fixes this: better pricing power, clearer link to collateral risk.
[Oct. 2025] Are existing ℓ1-based methods providing a fair benchmark to evaluate the trade-off between weak–dense and sparse–strong factor views in asset pricing? We provide new insights.
[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.

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