Guangyu Nie

Guangyu Nie

Associate Professor(tenured)


2015, Ph.D. in Economics, Georgetown University
2010, Master in Finance, Tsinghua University
2008, Bachelor in Finance, Nankai University



“Marriage Squeeze, Marriage Age and the Household Savings Rate in China,” Journal of Development Economics, 2020, 147(102558)

“Trade, FDI and Global Imbalances,” Journal of International Money and Finance, 2020, 105(102188); joint with Wei Li and Zi Wang

“Nonlinear Capital Flow Tax: Capital Flow Management and Financial Crisis Prevention in China,” China & World Economy, 2019, 27(4): 1-28; corresponding author, joint with Jiandong Ju, Li Li, Kang Shi and Shang-Jin Wei, (Best paper award of 2016 China Financial Research Conference)

“Amplification and Asymmetric Effects without Collateral Constraints,” American Economic Journal: Macroeconomics, 2017, 9(3): 222-266; joint with Dan Cao

“Optimal Monetary Policy in China,” China & World Economy, 2011, 19(1): 83-105; joint with Ping He, Guanglong Wang and Xiang Zhang

“Effectiveness and Externality of China's Capital Flow Management: A Perspective from Global
Fund Investment,” July 2020, Economic Research Journal (in Chinese); joint with Yuyin Jin
and Ziyuan Luo


Working Papers

“Uncovering the Effects of Zero Lower Bound with Endogenous Financial Wedge,” joint with Dan Cao and Wenlan Luo, submitted. (Previously circulated as Fisherian Asset Price Deflation and the Zero Lower Bound)

“Market Uncertainty and International Trade,” joint with Haichao Fan and Zhiwei Xu, submitted.

“Global DSGE Models,” joint with Dan Cao and Wenlan Luo, submitted. (GDSGE toolbox available at


Grants and Awards

Graduate Student Course Development Project: International Economics, funded by SUFE, 2019 - 2020

Optimal Capital Flow Management based on the Heterogeneous-Agents Framework, funded by Young Scholar Program of National Natural Science Foundation of China (71803124), 2019 - 2021

Zhongzhen Award of Excellent Research, SUFE, 2019

Head of the Trade and Financial Openness Research Group of College of Business, SUFE