Working Papers​​

• "The Asset Durability Premium", with Kai Li (Tsinghua PBC) and Chi-Yang Tsou (Manchester) [PDF] , January 2026 / Appendix  [PDF]
• "A High-Frequency Measure of Chinese Monetary Policy Shocks", with Kai Li (Tsinghua PBC), Wenbin Wu (Fudan), and Jianyao He (UT Dallas) [PDF] , January   2026  / Appendix [PDF],  Shock Series for Download (Comments welcome) [chinampshock.xlsx] (Updated Series Available by the end of 2024)
• "Dynamic Competition with Bargaining​: Implications for Subsidy and Competition Policies", with Andrew Sweeting (University of Maryland), Shanglyu Deng (University of Macau), and Mario Leccese (Boston University) [PDF], April 2025 / Appendix  [PDF], NBER WP Version (Previously Titled: Bargaining and Dynamic Competition) [PDF]
• "Learning, Price Discovery, and Macroeconomic Announcements", with Grace Hu (Tsinghua PBC) and Haozhe Han (Tianjin U) [PDF], August 2025 / Appendix  [PDF], R&R, Journal of International Economics
• "Macroeconomic Announcements and Heterogeneous Investor Trading in the Chinese Stock Markets", with Xiaoyan Zhang (Tsinghua PBC), Xinran Zhang (CUFE) and Lin Tan (Tsinghua)  [PDF], June 2024
• "Vague FOMC Communication", with Zijun Yang (PKU) [PDF], May 2024​​
• "Online Borders of the U.S. Dollar: E-trades and Pricing Reactions to Exchange Rate Changes", with Michael Devereux (University of British Columbia), Guoshi TONG (Fudan)  and Wang XIANG (RUC) [PDF],  January 2023, ​ Under Data Release Review, Draft Available Upon Request ​​

Work in Progress​​

• "The Nexus of Chinese Industrial Policy and Monetary Policy", with Shi Zhan (Tsinghua PBC)  and Xingzhi Qi (Tianjin U)
• "Cross-border Stock Trading and the Announcement Premium of Monetary Policy", with Haozhe Han (Tianjin U) and Ke Wu (RUC) ​​
• “How Do Mutual Fund Managers Form Their Expectations?”, with Yang YU (Antai-SJTU) and Gang WANG (SHUFE), Orginal Draft in 2017, Draft Available Upon Request ​​

Publication 

• "Discussion of 'A Macroeconomic Model of Structural Monetary Policy in China'", International Economic Review, Accepted
• "Digital Finance and Wealth Inequality: Evidence from a big tech platform in China during the COVID-19 pandemic", with Yan SHEN, Ang SUN and Zikun ZHOU,  the Pacific-Basin Finance Journal, Volume 83, 2024. Published Version [PDF]
• "Information Acquisition, Uncertainty Reduction and Pre-announcement Premium in China", with Xi SUN and Rui GUO,  Review of Finance,  27(3): 1077–1118, 2023.  ​Accepted WP Version [PDF] , Online Appendix [PDF] , Published Version [PDF]
• "Bounded Pool Mining and the Bounded Bitcoin Prices", with Yifan Li, Finance Research Letters, 103529​, 2023. Published Version [PDF]
• "Discussion of 'On the Possibility of Krusell-Smith Equilibria' ", Journal of Economic Dynamics and Control, 104392, 2022.  Published Version [PDF]
• "Dynamic Price Competition, Learning-By-Doing and Strategic Buyers", with Andrew Sweeting,  Shen HUI, and Xinlu YAO, American Economic Review, 112 (4): 1311-33, 2022.  Accepted WP Version [PDF] , NBER WP Version [PDF], Published Version [PDF]，[Code Repository]

​Publication in Chinese

• 贾盾, 韩昊哲.  金融科技与商业银行竞争性负债[J]. 世界经济, 2023, 46(2): 183-208. /Journal of World Economy 
• 贾盾, 孙溪, 郭瑞. 货币政策公告、政策不确定性及股票市场的预公告溢价效应——来自中国市场的证据[J]. 金融研究, 2019, 469(7): 76-95. ​/ Journal of Financial Research 

​Selected Funding​

• National Natural Science Foundation of China (NSFC) - The Young Scientist Fund (72003191), 2021-2023

​Non-Academic ​Publication for General Readers

• "Covid-19: China's Monetary Policy and the Resilience of Its Macro-Financial System", China Forex (Quarterly Publication of China's State Administration of Foreign Exchange, a.k.a. SAFE), Issue 2, 2020 ​​