AcAdemic archive
Dr. Keyu Jin is an associate professor of Economics at the London school of Economics. She is from Beijing, China, and holds a B.A., M.A. and Phd from Harvard University.
Her research is on international economics - such as why capital flows from poor to rich countries, how the global implications of U.S. monetary and fiscal policies have changed; as well as on how the rise of China impacts the global economy, from several perspectives - trade, capital flows, global interest rates and saving, demographics, productivity and technology.
Dr. Keyu’s book, The New China Playbook, is available now.
International Transmission with Heterogeneous Sectors
This paper documents new facts about the behavior of capitaland labor-intensive goods over the business cycle and also identifies a mechanism that generates international investment comovement through shifting compositional changes of production and trade across sectors. Our model’s quantitative predictions not only match aggregate and sectoral statistics but also generate empirically plausible sectoral composition effects. Finally, we show that essential segments of the transmission process receive empirical support.
Keyu Jin and Nan Li
American Economic Journal: Macroeconomics 10 (4): 36-76
Abstract
This paper documents new facts about the behavior of capitaland labor-intensive goods over the business cycle and also identifies a mechanism that generates international investment comovement through shifting compositional changes of production and trade across sectors. Our model’s quantitative predictions not only match aggregate and sectoral statistics but also generate empirically plausible sectoral composition effects. Finally, we show that essential segments of the transmission process receive empirical support.