Dr Bo Yang

Senior Lecturer

Economics

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Available For Postgraduate Supervision

Research Links

https://orcid.org/0000-0001-5834-6002

ResearchGate

About

Bo Yang is a Senior Lecturer in Economics in the School of Management. Formerly he was a Lecturer at Xi'an Jiaotong – Liverpool University (XJTLU), China and a part-time Lecturer at the University of Surrey from 2012-15. Bo graduated from the University of Hull in 2003 and completed his MSc degree in Financial Economics with a Distinction at Queen Mary, University of London. In 2005, he moved to the University of Surrey to undertake a PhD with a full research scholarship.

His PhD was on the topic of dynamic stochastic general equilibrium (DSGE) modelling. Following the completion of his PhD degree in 2009, Bo was appointed as a Research Officer to support the research activities of the EU-funded project (FP7-MONFISPOL) "The Modelling and Implementation of Optimal Fiscal and Monetary Policy Algorithms in Multi-Country Econometric Models" (2008-2009). Before joining XJTLU in 2012 Bo was a postdoctoral Research Fellow in the Department of Economics at London Metropolitan University and an Associate Lecturer at the University of Surrey (2009-2011).

His research fields include macro-econometrics, monetary economics, business cycle and DSGE modelling with emerging economies, focusing on the applications and quantitative analysis of DSGE models.

The results of his research have been published in journals and book chapters, including Economic Journal, Journal of Economic Dynamics and Control, Economics Letters and Review of International Economics, the Oxford Handbook of the Indian Economy and Handbook of Research Methods and Applications.

Students interested in studying for a PhD in the area of empirical macroeconomics are encouraged to apply. Bo's supervisory topics include: empirical macroeconomics; real business cycle analysis; monetary policy and time series econometrics.

Areas Of Expertise

Applied Macroeconomics
Monetary Economics
General Equilibrium (DSGE) Modelling
Business Cycle Theory

Career Highlights

Teaching Interests

Bo’s teaching is mainly in Macroeconomics, Economic Policy, Econometrics, Time Series Analysis and International Finance. He has taught a range of modules at all levels, including a first year module to a large group of heterogeneous students (Principles of Macroeconomics) and MSc modules in Advanced Macroeconomic Theory. Since 2008-09, Bo has taught in Economics Departments, Business Schools and Research Centres at the Universities of Surrey, Glasgow, Porto, Minho and Swansea, in China, India and France. His extensive experience in the delivery of professional education in Summer School/PhD Courses on the methodologies of dynamic macroeconometrics since 2010 provides high quality training to researchers and PhD students at central banks and universities around the world.

Research

Publications

Research Highlights

Agboola, E., Chowdhury, R., & Yang, B. (2024). Oil price fluctuations and their impact on oil-exporting emerging economies. Economic Modelling, 132, 106665
https://doi.org/10.1016/j.econmod.2024.106665, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa65537
Gabriel, V., Levine, P., & Yang, B. (2023). Partial dollarization and financial frictions in emerging economies. Review of International Economics, 31(2), 609-651.
https://doi.org/10.1111/roie.12639, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa61172
http://dx.doi.org/10.1111/roie.12639
Bhattarai, K., Mallick, S., & Yang, B. (2021). Are global spillovers complementary or competitive? Need for international policy coordination. Journal of International Money and Finance, 110, 102291
https://doi.org/10.1016/j.jimonfin.2020.102291, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55424
Yun, J., Cooke, P., Jung, K., & Yang, B. (2023). Theme issue: open innovation and ‘catch-up’: globalist or localist?. European Planning Studies, 31(5), 845-861.
https://doi.org/10.1080/09654313.2022.2146942, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa62025
Yun, J., Zhao, X., Ma, L., Liu, Z., & Yang, B. (2023). Open innovation dynamics and evolution in the mobile payment industry – comparative analysis among Daegu, Cardiff, and Nanjing. European Planning Studies, 31(5), 862-884.
https://doi.org/10.1080/09654313.2022.2132784, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa62027
Liu, Z., Shi, Y., & Yang, B. (2022). Open Innovation in Times of Crisis: An Overview of the Healthcare Sector in Response to the COVID-19 Pandemic. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 21
https://doi.org/10.3390/joitmc8010021, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa59192
Levine, P., Gabriel, V., & Yang, B. (2016). An Estimated DSGE Open-Economy Model of the Indian Economy with Financial Frictions. Monetary Policy in India: A Modern Macroeconomic Perspective Springer Verlag
SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27409
Cantore, C., Levine, P., Pearlman, J., & Yang, B. (2015). CES Technology and Business Cycle Fluctuations. Journal of Economic Dynamics and Control, 61(C), 133-151.
https://doi.org/10.1016/j.jedc.2015.09.006, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27403
http://www.sciencedirect.com/science/article/pii/S0165188915001736
Cantore, C., Gabriel, V., Levine, P., Pearlman, J., & Yang, B. (2013). The Science and Art of DSGE Modelling II: Model Comparisons, Model Validation, Policy Analysis and General Discussion. Handbook of Research Methods and Applications in Empirical Macroeconomics Edward Elgar Publishing
https://doi.org/10.4337/9780857931023, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27411
Cantore, C., Gabriel, V., Levine, P., Pearlman, J., & Yang, B. (2013). The Science and Art of DSGE Modelling I: Construction and Bayesian Estimation. Handbook of Research Methods and Applications in Empirical Macroeconomics Edward Elgar Publishing
https://doi.org/10.4337/9780857931023, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27410

All Research

Journal Articles

Omotosho, B. & Yang, B. (2024). Oil price shocks and macroeconomic dynamics in resource-rich emerging economies under regime shifts. Journal of International Money and Finance, 144, 103082
https://doi.org/10.1016/j.jimonfin.2024.103082, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa66075
Agboola, E., Chowdhury, R., & Yang, B. (2024). Oil price fluctuations and their impact on oil-exporting emerging economies. Economic Modelling, 132, 106665
https://doi.org/10.1016/j.econmod.2024.106665, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa65537
Yang, B., Deák, S., Levine, P., & Pearlman, J. (2023). Reinforcement Learning in a New Keynesian Model. Algorithms, 16(6), 280
https://doi.org/10.3390/a16060280, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa63621
http://dx.doi.org/10.3390/a16060280
Yun, J., Cooke, P., Jung, K., & Yang, B. (2023). Theme issue: open innovation and ‘catch-up’: globalist or localist?. European Planning Studies, 31(5), 845-861.
https://doi.org/10.1080/09654313.2022.2146942, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa62025
Yun, J., Zhao, X., Ma, L., Liu, Z., & Yang, B. (2023). Open innovation dynamics and evolution in the mobile payment industry – comparative analysis among Daegu, Cardiff, and Nanjing. European Planning Studies, 31(5), 862-884.
https://doi.org/10.1080/09654313.2022.2132784, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa62027
Gabriel, V., Levine, P., & Yang, B. (2023). Partial dollarization and financial frictions in emerging economies. Review of International Economics, 31(2), 609-651.
https://doi.org/10.1111/roie.12639, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa61172
http://dx.doi.org/10.1111/roie.12639
Liu, Z., Shi, Y., & Yang, B. (2022). Open Innovation in Times of Crisis: An Overview of the Healthcare Sector in Response to the COVID-19 Pandemic. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 21
https://doi.org/10.3390/joitmc8010021, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa59192
Bhattarai, K., Mallick, S., & Yang, B. (2021). Are global spillovers complementary or competitive? Need for international policy coordination. Journal of International Money and Finance, 110, 102291
https://doi.org/10.1016/j.jimonfin.2020.102291, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55424
Cantore, C., Levine, P., Pearlman, J., & Yang, B. (2015). CES Technology and Business Cycle Fluctuations. Journal of Economic Dynamics and Control, 61(C), 133-151.
https://doi.org/10.1016/j.jedc.2015.09.006, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27403
http://www.sciencedirect.com/science/article/pii/S0165188915001736
Levine, P., Pearlman, J., Perendia, G., & Yang, B. (2012). Endogenous Persistence in an Estimated New Keynesian Model under Imperfect Information. Economic Journal, 122(565), 1287-1312.
https://doi.org/10.1111/j.1468-0297.2012.02524.x, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27404
Cantore, C., Levine, P., Melina, G., & Yang, B. (2012). A Fiscal Stimulus with Deep Habits and Optimal Monetary Policy. Economics Letters, 117(1), 348-353.
https://doi.org/10.1016/j.econlet.2012.05.051, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27406
Levine, P., Pearlman, J., & Yang, B. (2008). The Credibility Problem Revisited: Thirty Years on from Kydland and Prescott. Review of International Economics, 16(4), 728-746.
https://doi.org/10.1111/j.1467-9396.2008.00772.x, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27407

Book Chapters

Levine, P., Gabriel, V., & Yang, B. (2016). An Estimated DSGE Open-Economy Model of the Indian Economy with Financial Frictions. Monetary Policy in India: A Modern Macroeconomic Perspective Springer Verlag
SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27409
Cantore, C., Gabriel, V., Levine, P., Pearlman, J., & Yang, B. (2013). The Science and Art of DSGE Modelling II: Model Comparisons, Model Validation, Policy Analysis and General Discussion. Handbook of Research Methods and Applications in Empirical Macroeconomics Edward Elgar Publishing
https://doi.org/10.4337/9780857931023, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27411
Cantore, C., Gabriel, V., Levine, P., Pearlman, J., & Yang, B. (2013). The Science and Art of DSGE Modelling I: Construction and Bayesian Estimation. Handbook of Research Methods and Applications in Empirical Macroeconomics Edward Elgar Publishing
https://doi.org/10.4337/9780857931023, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27410
Gabriel , V., Levine, P., Pearlman , J., & Yang, B. (2012). An Estimated DSGE Model of the Indian Economy. The Oxford Handbook of the Indian Economy Oxford University Press
https://doi.org/10.1093/oxfordhb/9780199734580.013.0029, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa27413

Taught Modules

EC-2527 Intermediate Macro-economics

The module examines a variety of macroeconomic models and applies them to identify key policy questions. Different views on the appropriate role for active policy intervention are discussed and the basis for different positions on this issue examined.
EC-D009 Dissertation - Economics

The aim of this module is to allow students to undertake a piece of independent research in economics with academic supervision, which is then written up as a dissertation.
EC-M030 Macroeconomics

The module examines a number of recent developments in macroeconomic theory and considers their implications for macroeconomic policy.

Affiliated Positions

Visiting Researcher, Centre for International Macroeconomic Studies (CIMS), Surrey

2010 - Present

Other Roles

Researcher, Emerging Markets Research Centre (EMaRC), Swansea

2016 - Present

Dr Bo Yang

Email address