ACADEMIC PUBLICATIONS

• Non-standard errors (with Albert Menkveld et al.). Journal of Finance.

SELECTED WORKING PAPERS

• Volume Dynamics around FOMC Announcements (under review).
• The Term Structure of Inflation Forecasts Disagreement and Monetary Policy Transmission (with Alessandro Barbera and Fan Dora Xia) (under review).
• Through stormy seas: how fragile is liquidity across asset classes and time? (with Nihad Aliyev, Matteo Aquilina, and Khaladdin Rzayev).
• Passive Institutional Ownership and Loan Spread (with Konrad Adler and Sebastian Doerr) (draft coming soon).

EDUCATION

• Ph.D. in Finance, Stockholm School of Economics, 2021.
• M.A. in Economics, Simon Fraser University, 2014.
• B.S. in Applied Mathematics, Wuhan University, 2013.
• B.A. in Mathematical Economics, Wuhan University, 2013.

ACADEMIC PRESENTATIONS (italics are by coauthors)

• 2025
  • AEA (poster session), AFFECT Workshop, BIS-CEPR-Gerzensee-SFI Conference on Financial Intermediation, Lapland Investment Fund Summit.
• 2024
  • BIS Research Seminars (x2), Lund University, IAAE 2024 Annual Meeting, ifo Dresden Workshop on Macroeconomics and International Finance, RES 2024 Annual Conference, Southern Workshop in Macroeconomics, St Gallen Financial Economics Workshop, Swiss National Bank.
• 2023
  • AWG-MPAG Annual Workshop, Behavioral Macroeconomics Workshop, BIS Research Seminar, BIS-SNB Research Workshop, BOK-BOJ Joint Research Workshop, CEPR Paris Symposium, Sydney Banking and Financial Stability Conference, Workshop on Macroeconomics and Survey Data.
• 2022 and earlier
  • Australasian Finance and Banking Conference, Bank for International Settlements, E(astern)FA, Hong Kong University of Science and Technology (Guangzhou), National PhD Workshop in Finance, PhD Nordic Finance Workshop, Stockholm School of Economics, University of Gothenburg, University of Vienna, Young Scholars Nordic Finance Workshop.

OTHER PUBLICATIONS

• CB-LMs: language models for central banking (with Leonardo Gambacorta, Byeungchun Kwon, Taejin Park, Pietro Patelli). BIS Working Paper, October 2024.
• Markets’ increasing response to labour market conditions in the United States (with Dora Xia). BIS Quarterly Review, September 2024.
• International finance through the lens of BIS statistics: the global reach of currencies (with Patrick McGuire and Goetz von Peter). BIS Quarterly Review, June 2024.
• International finance through the lens of BIS statistics: residence vs nationality (with Patrick McGuire and Goetz von Peter). BIS Quarterly Review, March 2024.
• The return of monetary policy uncertainty (with Matteo Aquilina and Marco Jacopo Lombardi). BIS Quarterly Review, March 2024.
• Unpacking international banks’ deposit funding (with Bryan Hardy). BIS Quarterly Review, March 2023.
  • Media coverage: CENTRAL BANKING
• Non-bank financial institutions remain a key driver of non-US banks’ dollar funding (with Iñaki Aldasoro and Bryan Hardy). BIS Quarterly Review, March 2023.
• Covid, central banks and the bank-sovereign nexus (with Bryan Hardy). BIS Quarterly Review, March 2023.
• Under pressure: market conditions and stress (with Iñaki Aldasoro and Peter Hördahl). BIS Quarterly Review, September 2022.
  • In this paper, we construct indicators that track liquidity (market) conditions in the FX market, the US money market, and the US Treasury market. Real-time data are available here.

OTHER PROFESSIONAL ACTIVITIES

• Organizing Committee:
  • Joint BIS, BoE, ECB and IMF Spillover Conference (2024, 2023)
  • 5th BIS Workshop on Research on Global Financial Stability. 2023
  • Workshop on “Exchange Rates” (2022, 2024)
• Recruitment Committee (2021, 2022)
• Board Member of Female Economist Network of Stockholm and Uppsala (2017)

SELECTED PAPER DISCUSSIONS

• Bretscher, Schmid and Ye. Passive Demand and Active Supply: Evidence from Maturity-mandated Corporate Bond Funds. 2024
• Kiss and Strasser. Inflation heterogeneity across households. 2024
• Fischer, McCaughrin, Prazad, and Vandergon. Fed Transparency and Policy Expectation Errors: A Text Analysis Approach. 2024
• Lembergman, Hajdini, Leer and Schoenle. The Expectations of Others. 2023
• Azarmsa and Li. The Pricing and Welfare Implications of Non-anonymous Trading. 2021
• Darmouni and Papoutsi. The Rise of Bond Financing in Europe. 2020
• Lyons and Natraj. What Keeps Stablecoins Stable? 2020

TEACHING

• Corporate Finance (Master, Stockholm School of Economics, 2016, 2020).
• Applied Financial Econometrics (Master, Stockholm School of Economics, 2018, 2019, 2020).
• Derivatives in Investment Management (Bachelor, Stockholm School of Economics, 2017).

HONORS AND GRANTS

• 2021: Edwin Jordans Stipendiefond.
• 2020: Grosshandlare Emil Hellströms PhD Scholarship, Iwar Sjögrens PhD Scholarship.
• 2019: Infina Foundation PhD Scholarship.
• 2017-2020: Swedish Bank Research Foundation Research Grant.
• 2015-2016: Stockholm School of Economics PhD Stipend.
• 2014: Doreen Wilkinson Memorial Graduate Scholarship in Economics, Simon Fraser University.
• 2013-2014: Graduate Fellowship, Simon Fraser University.

COMPUTER SKILLS

• Python, R, Slurm, SQL, Matlab, Stata, and SAS.