Details about Zhirong Ou

Access statistics for papers by Zhirong Ou.

Last updated 2025-03-16. Update your information in the RePEc Author Service.

Short-id: pou26

Working Papers

2025

1. Is there PPP in the data? New evidence from a structural DSGE model
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section

2023

2. On the determination of the real exchange rate in free markets: do consumer risk-pooling and uncovered interest parity differ and fit?
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
3. Testing for consumer risk-pooling in the open economy - further results
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section

2022

4. Modern Monetary Theory: the post-Crisis economy misunderstood?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2022)

2021

5. Can debt monetisation be helpful for China s post-Covid recovery? Some empirical evidence
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
6. Revisiting the determinants of house prices in China's megacities: cross-sectional heterogeneity, interdependencies and spillovers
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
   See also Journal Article Revisiting the determinants of house prices in China’s megacities: Cross‐sectional heterogeneity, interdependencies and spillovers, Manchester School, University of Manchester (2022) (2022)
7. The eurozone: what is to be done?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2021) View citations (1)

2020

8. Is housing collateral important to the business cycle? Evidence from China
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (7)
   See also Journal Article Is housing collateral important to the business cycle? Evidence from China, Journal of International Money and Finance, Elsevier (2020) View citations (3) (2020)
9. Is there consumer risk-pooling in the open economy? The evidence reconsidered
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2020)
   See also Journal Article Is there Consumer Risk-Pooling in the Open Economy? The Evidence Reconsidered, Open Economies Review, Springer (2022) View citations (2) (2022)

2019

10. Can a small New Keynesian model of the world economy with risk-pooling match the facts?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article Can a small New Keynesian model of the world economy with risk‐pooling match the facts?, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2021) View citations (1) (2021)
11. Has fiscal expansion inflated house prices in China? Evidence from an estimated DSGE model
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (2)
    See also Journal Article Has fiscal expansion inflated house prices in China? Evidence from an estimated DSGE model, International Review of Economics & Finance, Elsevier (2024) (2024)

2017

12. What determines China's housing price dynamics? New evidence from a DSGE-VAR
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article What determines China's housing price dynamics? New evidence from a DSGE‐VAR, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2021) View citations (6) (2021)

2014

13. Revisiting the Great Moderation: policy or luck?
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    See also Journal Article Revisiting the Great Moderation: Policy or Luck?, Open Economies Review, Springer (2015) View citations (5) (2015)
14. The role of Fiscal policy in Britain s Great Inflation
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014)
    See also Journal Article The role of fiscal policy in Britain's Great Inflation, Economic Modelling, Elsevier (2016) View citations (6) (2016)

2013

15. The Fiscal Theory of the Price Level - identification and testing for the UK in the 1970s
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (3)
16. What causes banking crises? An empirical investigation for the world economy
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (12)
    See also Journal Article What Causes Banking Crises? An Empirical Investigation for the World Economy, Open Economies Review, Springer (2013) View citations (12) (2013)

2010

17. Taylor Rule or Optimal Timeless Policy? Reconsidering the Fed's behaviour since 1982
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
    See also Journal Article Taylor Rule or optimal timeless policy? Reconsidering the Fed's behavior since 1982, Economic Modelling, Elsevier (2013) View citations (5) (2013)
18. US Post-war Monetary Policy: What Caused the Great Moderation?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2010)

2009

19. Testing the Monetary Policy Rule in the US: a Reconsideration of the Fed?s Behaviour
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)

Journal Articles

2025

1. Can Modern Monetary Theory fit the post‐Crisis US facts? Evidence from a full DSGE model
   International Journal of Finance & Economics, 2025, 30, (1), 983-1006

2024

2. Has fiscal expansion inflated house prices in China? Evidence from an estimated DSGE model
   International Review of Economics & Finance, 2024, 96, (PA)
   See also Working Paper Has fiscal expansion inflated house prices in China? Evidence from an estimated DSGE model, Cardiff Economics Working Papers (2019) View citations (2) (2019)

2022

3. Is there Consumer Risk-Pooling in the Open Economy? The Evidence Reconsidered
   Open Economies Review, 2022, 33, (1), 109-120 View citations (2)
   See also Working Paper Is there consumer risk-pooling in the open economy? The evidence reconsidered, CEPR Discussion Papers (2020) View citations (1) (2020)
4. Revisiting the determinants of house prices in China’s megacities: Cross‐sectional heterogeneity, interdependencies and spillovers
   Manchester School, 2022, 90, (3), 255-277
   See also Working Paper Revisiting the determinants of house prices in China's megacities: cross-sectional heterogeneity, interdependencies and spillovers, Cardiff Economics Working Papers (2021) (2021)
5. The eurozone: What is to be done to maintain macro and financial stability?
   Journal of Financial Stability, 2022, 63, (C) View citations (5)

2021

6. Can a small New Keynesian model of the world economy with risk‐pooling match the facts?
   International Journal of Finance & Economics, 2021, 26, (2), 1993-2021 View citations (1)
   See also Working Paper Can a small New Keynesian model of the world economy with risk-pooling match the facts?, Cardiff Economics Working Papers (2019) (2019)
7. On potential debt monetisation for China’s post-Covid recovery: what can we learn from the past?
   Economic Issues Journal Articles, 2021, 26, (2), 39-56
8. What determines China's housing price dynamics? New evidence from a DSGE‐VAR
   International Journal of Finance & Economics, 2021, 26, (3), 3269-3305 View citations (6)
   See also Working Paper What determines China's housing price dynamics? New evidence from a DSGE-VAR, Cardiff Economics Working Papers (2017) (2017)

2020

9. Is housing collateral important to the business cycle? Evidence from China
   Journal of International Money and Finance, 2020, 109, (C) View citations (3)
   See also Working Paper Is housing collateral important to the business cycle? Evidence from China, Cardiff Economics Working Papers (2020) View citations (7) (2020)

2019

10. Predicting corporate failure for listed shipping companies
    Maritime Economics & Logistics, 2019, 21, (3), 415-438 View citations (6)

2016

11. The role of fiscal policy in Britain's Great Inflation
    Economic Modelling, 2016, 58, (C), 203-218 View citations (6)
    See also Working Paper The role of Fiscal policy in Britain s Great Inflation, Cardiff Economics Working Papers (2014) (2014)

2015

12. Revisiting the Great Moderation: Policy or Luck?
    Open Economies Review, 2015, 26, (2), 197-223 View citations (5)
    See also Working Paper Revisiting the Great Moderation: policy or luck?, Cardiff Economics Working Papers (2014) (2014)

2013

13. Taylor Rule or optimal timeless policy? Reconsidering the Fed's behavior since 1982
    Economic Modelling, 2013, 32, (C), 113-123 View citations (5)
    See also Working Paper Taylor Rule or Optimal Timeless Policy? Reconsidering the Fed's behaviour since 1982, Cardiff Economics Working Papers (2010) View citations (1) (2010)
14. What Causes Banking Crises? An Empirical Investigation for the World Economy
    Open Economies Review, 2013, 24, (4), 581-611 View citations (12)
    See also Working Paper What causes banking crises? An empirical investigation for the world economy, Cardiff Economics Working Papers (2013) View citations (12) (2013)