Download Shu-Ling Wang - The College of Wooster

Shu-Ling Wang
Curriculum Vitae: January 12, 2016
Department of Economics
The College of Wooster
Morgan Hall 210
930 College Mall
Wooster, OH 44691
Phone: (812) 361-9390
Primary email: [email protected]
Secondary email: [email protected]
Homepage: https://sites.google.com/site/shulingwang1984/Home
Working Experiences
Visiting Assistant Professor, The College of Wooster (August 2014 ⇠ present)
Associate Instructor, Indiana University (Spring 2012 ⇠ Fall 2013)
Education
Ph.D. Economics, Indiana University, Bloomington, Indiana, January 2015
Dissertation Title:
Committee:
M.A.
M.A.
B.A.
Essays on Fiscal Policy
Eric Leeper (Chair), Grey Gordon, Juan Carlos Hatchondo, Amanda Michaud, Todd Walker
(in alphabetical order by last name)
Economics, Indiana University, Bloomington, Indiana, May 2011
Public Finance, National Chengchi University, Taipei, Taiwan, June 2008
Dual degree in Public Finance and Law, National Chengchi University, Taipei, Taiwan, June 2006
Fields of Specialization
Primary Fields: Macroeconomics (especially fiscal policy), Monetary Economics
Secondary Fields: International Finance, Macroeconometrics, Computational Methods
Working Papers
“Fiscal stimulus or fiscal austerity?” (Job Market Paper)
“How to best fund a fiscal stimulus in a high-debt economy?” (submitted)
“Implementable constrained optimal expenditure policy” (working in progress)
“Housing demand shock and the implication of monetary policy in a small open economy” (working in progress)
“Heterogeneous preferences and the optimal provision of local public goods”, 2008 (Master Thesis)
Conference
“Fiscal stimulus or fiscal austerity?”
42nd Eastern Economic Association Annual Conference, Washington D.C., February 2016 (paper accepted)
23rd Annual Meeting of the Midwest Econometrics Group, Bloomington, IN, October 2013 (paper accepted
and presented)
8th Annual Economic Graduate Student Conference, Washington University, October 2012 (paper accepted)
“Housing demand shock and the implication of monetary policy in a small open economy”
49th Missouri Valley Economic Association, Kansas City, Missouri (paper accepted)
7th Annual Economic Graduate Student Conference, Washington University, October 2011 (paper accepted)
Jordan River Economics Conference, Indiana University, April 2011 (paper accepted and presented)
January 12, 2016
Research Advising Experiences
Senior Independent Study (I.S.) Advisor (The College of Wooster)
K. Usman, 16’, “Can poor corporate governance explain firms’ int rate spread in the Asian financial crisis?”
K. Brethauer, 16’, “How does energy consumption affect economic growth?”
K. Reckart, 16’, “Assessing the impact of the Olympics on developed countries vs. developing countries”
S. Brown, 16’, “How does partisan politics influence the stock market and overall well being of the economy?”
T. Welch, 16’, “The lasting effect of low income human capital investment and the middle-class squeeze:
assessing the role of low income earners in polarization”
Z. Woullard, 16’, “An analysis of the economic impact on the host cities of mega- events”
J. Lanz, 15’, “How does the sex ratio affect the saving rate in China?”
S. Bhusal, 15’, “How does international trade affect the wage inequality of skilled and unskilled workers in
middle-income countries?”
Junior Independent Study (I.S.) Advisor (The College of Wooster)
E. Bell, 16’, “Credit rating agencies and their behavior towards inflating ratings”
I. Murphy, 16’, “Introduction of the Euro and FDI”
K. Brethauer, 16’, “An analysis of the relationship between economic growth and energy consumption”
S. Brown, 16’, “Democrats v.ss Republicans in the United States economy: A study of the impact of the
political part of the President and Congress majority on GDP”
T. Welch, 16’, “The dilemma of low-income earners’ incentive to invest in higher education”
V. Bansal, 16’, “The effect of China’s currency manipulation on the U.S. trade balance and GDP”
Y. Xiong, 16’, “How does RMB appreciation affect the U.S. trade deficit against China?”
Teaching Experiences
Independent Instructor (Full Teaching Responsibilities)
The College of Wooster
ECON 350 International Finance (Spring 2015)
ECON 210 Applied Regression (Spring 2015 and Spring 2016)
ECON 202 Intermediate Macroeconomics (Fall 2014 and Fall 2015)
ECON 101 Principle of Economics (Fall 2014, Fall 2015, and Spring 2016)
ECON 451 Senior Independent Study (I.S.) (Fall 2014, Spring 2015, and Fall 2015)
ECON 401 Junior Independent Study (I.S.) Colloquium (Spring 2015 and Spring 2016)
Indiana University (Bloomington)
ECON 321 Intermediate Microeconomic Theory (Fall 2013)
ECON 370 Statistical Analysis for Business and Economics (Spring 2013)
ECON 202 Introduction to Macroeconomics (Summer 2012 and Fall 2012)
ECON 370 Statistical Analysis for Business and Economics (Spring 2012 and Fall 2012, Lab Instructor)
Teaching Assistant
ECON 305 Money and Banking (Summer 2013)
ECON 202 Introduction to Macroeconomics (Summer 2013)
ECON 370 Statistical Analysis for Business and Economics (Spring 2009 ⇠ Spring 2012)
Urban Economics, 300 level (Spring 2008), National Chengchi University, Taiwan
Econometrics, 400 level (Fall 2007), National Chengchi University, Taiwan
Microeconomics, 300 level (Fall 2006 ⇠ Spring 2007), National Chengchi University, Taiwan
Teaching Interests
Macroeconomics (Introductory, Intermediate, and Graduate Level)
Money and Banking
International Finance
Statistics and Econometrics
Microeconomics (Introductory and Intermediate Level)
Economic Development
Public Finance
Mathematical Economics
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January 12, 2016
Extracurricular Activity
Presentation (The College of Wooster)
SEA-US annual spring forum: Working in the U.S. - the perspective of a person from East Asia, Feb.14th, 2015
Honors and Awards
Graduate Assistantship, Indiana University, 2009-2013
Qualification
Qualifier for Higher Civil Service Examination (Fair Trade Administration), Taiwan, 2006
Computer Skills
Software - Matlab, Stata, R, Dynare, Excel, LATEX
Model-solving techniques - First-order and second-order perturbation method, non-linear method (monotone-map)
Languages
English (fluent), Chinese (native)
Personal Information
Citizenship: Taiwan (R.O.C) (H-1B Visa)
Gender: Female
References
James Burnell
(current employer)
Professor; Chair of Economics
The College of Wooster
930 College Mall, Wooster, Ohio 44691
Phone: (330) 263-2308
Email: [email protected]
Amyaz Moledina
Associate Professor of Economics;
Chair of Global and International Studies
The College of Wooster
930 College Mall, Wooster, Ohio 44691
Phone: (330) 263-2287
Email: [email protected]
Grey Gordon
Assistant Professor of Economics
Indiana University
100 S. Woodlawn, Bloomington, IN 47405
Phone: (812) 855-4203
Email: [email protected]
Amanda Michaud
Assistant Professor of Economics
Indiana University
100 S. Woodlawn, Bloomington, IN 47405
Phone: (812) 856-1238
Email: [email protected]
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January 12, 2016
R ESEARCH A BSTRACT
“Fiscal stimulus or fiscal austerity?” (Job Market Paper)
In bad times, intended stimulus effects in high-debt economies with large interest rate spreads can be muted, or reversed, if the stimulus is conducted at the cost of rolling over debt, paying high interest rates, and levying heavy taxes.
We analyze this trade-off for the Greek economy during the 2008-09 recession and obtain three findings. [i] Doubling
the initial debt ratio from 62% to 129% reduces the size of the long-run fiscal multiplier by 62%. [ii] Allowing any
type of tax to react to debt faster than its historical speed (austerity measure) produces a larger spending multiplier and
more welfare gains. Among all the sources of funding considered, using labor taxes to retire debt earlier is the least
preferred. [iii] If only one type of tax is allowed to adjust to debt, raising capital taxes more aggressively to retire debt
earlier is favored only when coupled with an increase in public investment.
“How to best fund a fiscal stimulus in a high-debt economy?” (submitted)
In highly-indebted economies with large interest rate spreads, the intended effect of stimulus can be turned around
if the government uses distortionary taxes to finance the enlarged fiscal deficit. We compute optimal tax rule for the
Greek economy and obtain four findings. [i] The historical rule does not react enough to changes in debt and output;
optimal policy favors more volatile tax rates, and can increase private consumption by 0.78%. [ii] Compared to the
historical rule, the optimal rule for a high-debt economy prefers a combination of reducing labor taxes and raising
more consumption and capital taxes to meet fiscal needs. [iii] A high-debt economy benefits more from a quicker debt
retirement speed than a low-debt economy does. On the other hand, when interest rate spreads exist, raising capital
taxes to a lesser extent is desired. [iv] Not utilizing consumption taxes to retire debt generates welfare losses of 0.175%
due to distortionary effects on production inputs.
“Housing demand shock and the implication of monetary policy in a small open economy”
Real estate prices in East-Asian countries in 2009-2010 rebounded quickly and even exceeded their 2008 peaks. The
upward trend in housing prices affected macroeconomic stability, which drew the central banks’ attention. This paper
lays out a two-agent small open economy model and asks: [i] how does the economy respond to the housing demand
shock, and [ii] can a combination of a weaker Taylor rule and the investment tax better stabilize the economy than a
single strong Taylor rule? Two findings emerge. [i] When housing demand shocks hit the economy, on impact, housing investment, housing prices, rent, and the overall price level increase. The labor force flows from the non-traded
sector to the traded sector. However, except for the price level, all of the variable considered go below their initial
levels before achieving steady state levels. [ii] Although a strong Taylor rule stabilizes inflation, it can hurt a highly
export-dependent economy. Thus, a combination of a weaker Taylor rule and a housing investment tax is preferred
because it can help stabilize the economy and reduce the harm to the economy’s exports.
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