My current research focuses on theoretical and empirical studies on the origin and transmission mechanisms of the recent subprime mortgage crisis, and on the optimal structure of finanical markets. Citations to my works can be viewed at the following link http://scholar.google.com/scholar?as_q=&as_sauthors=Pingkang+Yu
Curriculum Vitae
PhD Dissertation
1. Costly Screening, Self Selection, and the Existence of a Pooling Equilibrium in Credit Markets (Job Market Paper) (2011)
This paper presents a credit market model that embeds a costly, universal and imperfect screening...
2. Screening Cost, Credit Risk, and the Optimal Structure of Mortgage Lending—Origin of the Subprime Mortgage Crisis (2011)
This paper attempts to answer a direct question—who should get mortgage credit and how should...
4. Low-documentation Loan and Securitization—Empirical Evidence on the Role of Screening Cost in the Origin of the Subprime Mortgage Crisis (2011)
This paper presents an empirical study on the role of screening cost in the origin...
3. Screening Cost and Business Cycle— Transmission of the Subprime Mortgage Crisis (2010)
This paper is built upon a real business cycle model with financial friction. The model...
Articles in Refereed Journals
New Approaches to Ranking Economics Journals (with Yolanda K. Kodrzycki), The B.E. Journal of Economic Analysis & Policy (Contributions) (2006)
We develop a flexible, citations- and reference-intensity-adjusted ranking technique that allows a specified set of...
Gauging Metropolitan "High-Tech" and "I-Tech" Activity (with Karen Chapple, Ann Markusen, Daisaku Yamamoto, and Gregory Schrock ), Economic Development Quarterly (2004)
In the past few years, a number of new studies have published high-tech rankings of...
Rejoinder: High-Tech Rankings, Specialization, and Relationship to Growth (with Daisaku Yamamoto , Karen Chapple, Ann Markusen , and Greg Schrock ), Economic Development Quarterly (2004)
Articles in Scholarly Publications
Focus on high-tech: what's in a name?: gauging high-tech activity, Regional Review (2004)
The Boston metro area fares well when assessing a region’s high-tech capacity by its share...
Focus on the Region: Defense Windfall for New England? (with Yolanda Kodrzycki), Regional Review (2003)
Although New England still gets more than its share of defense prime contract dollars, the...
The Region’s High-Tech Economies (with Daisaku Yamamoto, Karen Chapple, Ann Markusen, and Greg Schrock ), Northeast Midwest Economic Review (2001)
Contributions to Books
美国大都市区域高科技活动与经济发展：上海高科技发展的定位在哪里？ (with Ann Markusen), 美国大都市区域高科技活动与经济发展：上海高科技发展的定位在哪里？ (2009)
http://sh.eastday.com/qtmt/20090805/u1a610485.html
High Tech Activity and Urban Economic Development in the Unite States: Where Should the Bar Be Set for Shanghai? (with Ann Markusen), Shanghai Rising:State Power and Local Transformations in a Global Megacity (2009)
http://www.upress.umn.edu/Books/C/chen_shanghai.html
Editing and Commentary
Update New England (2005)
Quarterly publication from 2003 to 2005 for the comprehensive coverage of economic conditions