Staff profile

Xiaoshan holds a PhD in Economics from Loughborough University. Prior to joining Durham University, she worked as a lecturer at the University of Stirling and as a ESRC postdoctoral fellow at the University of Glasgow. She undertakes research in the area of Macroeconomics and International Economics. Specifically, her research currently focuses on New Keynesian Macroeconomics, using micro-founded models to analyse monetary policy transmission, monetary policy switching, and monetary policy delegation schemes. She also utilises pure data driven approaches to analyse and forecast exchange rate movements, and the linkages between asset prices and the business cycle. 

Current Research

Xiaoshan Chen's personal homepage >

• Macroeconomics
• Monetary Economics
• International Economics
• Exchange Rates

Journal Article

• Evaluating Fiscal Policy Reforms Using the Fiscal Frontier
  
  Chen, X., Leith, C., & Ricci, M. (2023). Evaluating Fiscal Policy Reforms Using the Fiscal Frontier. Journal of Economic Dynamics and Control, 155, Article 104733. https://doi.org/10.1016/j.jedc.2023.104733
• Strategic Interactions in U.S. Monetary and Fiscal Policies
  
  Chen, X., Leeper, E., & Leith, C. (2022). Strategic Interactions in U.S. Monetary and Fiscal Policies. Quantitative Economics, 13(2), 593-628. https://doi.org/10.3982/qe1678
• How Optimal is US Monetary Policy?
  
  Chen, X., Kirsanova, T., & Leith, C. (2017). How Optimal is US Monetary Policy?. Journal of Monetary Economics, 92, 96-111. https://doi.org/10.1016/j.jmoneco.2017.09.009
• An empirical assessment of Optimal Monetary Policy in the Euro area
  
  Chen, X., Kirsanova, T., & Leith, C. (2017). An empirical assessment of Optimal Monetary Policy in the Euro area. European Economic Review, 100, 95-115. https://doi.org/10.1016/j.euroecorev.2017.07.012
• Measuring the dollar-euro permanent equilibrium exchange rate using the unobserved components model
  
  Chen, X., & MacDonald, R. (2015). Measuring the dollar-euro permanent equilibrium exchange rate using the unobserved components model. Journal of International Money and Finance, 53, 20-35. https://doi.org/10.1016/j.jimonfin.2014.12.008
• Asset Prices, Credit and Business Cycles.
  
  Chen, X., Kontonikas, A., & Montagnoli, A. (2012). Asset Prices, Credit and Business Cycles. Economics Letters, 117(3), 857-861. https://doi.org/10.1016/j.econlet.2012.08.040
• Measuring the Euro Area Output Gap using Multivariate Unobserved Components Model Containing Phase Shifts.
  
  Chen, X., & Mills, T. (2012). Measuring the Euro Area Output Gap using Multivariate Unobserved Components Model Containing Phase Shifts. Empirical Economics, 43(2), 671-692. https://doi.org/10.1007/s00181-011-0495-7
• Realized and Optimal Monetary Policy Rules in an Estimated Markov-Switching DSGE Model of the United Kingdom.
  
  Chen, X., & MacDonald, R. (2012). Realized and Optimal Monetary Policy Rules in an Estimated Markov-Switching DSGE Model of the United Kingdom. Journal of Money, Credit and Banking, 44(6), 1091-1116. https://doi.org/10.1111/j.1538-4616.2012.00524.x
• Evaluating growth cycle synchronisation in the EU.
  
  Chen, X., & Mills, T. (2009). Evaluating growth cycle synchronisation in the EU. Ecological Modelling, 26(2), 342-351. https://doi.org/10.1016/j.econmod.2008.07.017

Working Paper

• Evaluating Fiscal Policy Reforms using the Fiscal Frontier
  
  Chen, X., Leith, C., & Ricci, M. (2023). Evaluating Fiscal Policy Reforms using the Fiscal Frontier (No. 02/2023). JRC Publications Repository.
• Debt Targets and Fiscal Consolidation in a two-country HANK model for the Euro Area
  
  Chen, X., Lazarakis, S., & Varthalitis, P. (2023). Debt Targets and Fiscal Consolidation in a two-country HANK model for the Euro Area.