Prof. Danyang XIE

Prof. Danyang XIE

Academic qualification

  • Ph.D. University of Chicago, 1992
  • B.S. Mathematics, Wuhan University, 1983


  • Head and Professor, HKUST, April, 2007-June 2010
  • Professor and Senior Wei Lun Fellow, HKUST, January, 2006- July, 2007
  • Associate Professor and Senior Wei Lun Fellow, HKUST, July 2004 - December, 2005. 
  • Special Appointment Professor, Tsinghua University, July 2002 - June 2005. 
  • Senior Economist, International Monetary Fund, November 2001 - July 2004.
  • Economist, International Monetary Fund, July 2000 - November 2001
  • Associate Professor, HKUST, July 1998 - August 2002.
  • Assistant Professor, HKUST, July 1993 - June 1998.
  • Assistant Professor, University of Montreal, June 1991 - June 1993.
  • Visiting Scholar, University of Rochester, July 1996 to December 1996. 


  • Wang Ping and D. Xie, "Real Effect of Money Growth and Optimal Rate of Inflation in a Cash-in-Advance Economy with Labor-Market Frictions?" forthcoming, Journal of Money, Credit and Banking.
  • Miao Jianjun and D. Xie, "Economic Growth under Money Illusion,"  forthcoming, Journal of Economic Dynamics and Control
  • Xie, D. "Subscription of Shares," International Journal of Industrial Organization, 2010.25. 
  • Li H., X. Wei, and D. Xie, "Competitiveness of the Hong Kong Economy," China Economic Review, Vol. 20, September, 2009: 573-586.
  • Xie, D., "Technological Progress and the Urbanization Process," The B.E. Journal of Macroeconomics: Vol. 8 : Iss. 1 (Contributions), 2008
  • Shimomura Koji and D. Xie, "Advances on Stackelberg Open-Loop and Feedback Strategies," International Journal of Economic Theory, March 2008: 115-133
  • An Overlapping-Generations Model with Search, Journal of Economic Theory 142 (2008), 318-331
  • Equilibrium Concepts in the Large Household Model, Theoretical Economics 3 (2008), 258-281
  • Float on a Note (with N. Wallace), Journal of Monetary Economics 54 (2007), 229-246
  • Pairwise Trade and Coexistence of Money and Higher-Return Assets (with N. Wallace), Journal of Economic Theory 133 (2007), 524-535
  • Modeling Denomination Structures (with M. Lee and N. Wallace), Econometrica 73 (2005), 949-960
  • Existence of a Monetary Steady State in a Matching Model: Divisible Money, Journal of Economic Theory 123 (2005), 135-160
  • A Commodity-Money Refinement in Matching Models (with N. Wallace), Journal of Economic Theory 117 (2004), 246-258
  • Existence of a Monetary Steady State in a Matching Model: Indivisible Money, Journal of Economic Theory 112 (2003), 307-324
  • Wang, Ping and Xie, Danyang, 2004. "Activation of a Modern Industry," Journal of Development Economics, Elsevier, vol. 74 (2), pages 393-410, August. 
  • Danyang Xie & Chi-wa Yuen, 2003.  "A Dynamic General Equilibrium Framework of Investment with Financing Constraint", IMF Staff Papers, International Monetary Fund, vol. 50 (2), pages 6.  
  • Kongsamut, Piyabha and Rebelo, Sergio & Xie, Danyang, 2001 "Beyond Balanced Growth", Review of Economic Studies, Blackwell Publishing, vol. 68(4), pages 869-82, October. 
  • Hongyi Li & Danyang Xie & Heng-Fu Zou, 2000. "Dynamics of income distribution," Canadian Journal of Economics, Canadian Economics Association, vol. 33(4), pages 937-961, November
  • Rebelo, Sergio & Xie, Danyang,1999. "On the Optimality of Interest Rate Smoothing,Journal of Monetary Economics, Elsevier, vol. 43 (2), pages 263-282, April.
  • An Endogenous Growth Model with Expanding Range of Consumer Goods and Producer Durables, International Economic Review, 1998. 
  • (With Shantayanan Devarajan and Hengfu Zou) Should Public Capital Be Subsidized or Provided? Journal of Monetary Economics, 1998. 
  • On Time Consistency: A Technical Issue in Stackelberg Differential Games, Journal of Economic Theory, 1997 
  • Divergence in Economic Performance: Transitional Dynamics with Multiple Equilibria,Journal of Economic Theory, 1994.
  • Increasing Returns and Increasing Rates of Growth, Journal of Political Economy, 1991. 


  • Wang Pengfei and D. Xie, "Endogenous Trade Patterns and Economic Growth," Manuscript, 2008.
  • Wang P., and D. Xie, "Real Effects of Steady Inflation in the Presence of Labor Market Search Frictions: Might Mundell-Tobin be Right?" Manuscript, 2008
  • Miao Jianjun and D. Xie, "Monetary Policy and Economic Growth under Money Illusion," Manuscript, 2007.


  • American Economic Review, Canadian Journal of Economics, Economic Inquiry, Econometrica, Journal of Development Economics, Journal of Economic Dynamicsand Control, Journal of Economic Growth, Journal of Macroeconomics, Journal of Monetary Economics, Journal of Money, Credit and Banking, Journal of Public Economics, Pacific Economic Review, Southern Economic Journal. 

             ASSOCIATE EDITOR: Annals of Economics and Finance

             EDITORIAL ADVISORY COUNCIL: Pacific Economic Review


Economic Growth, money and banking