Yu-Fu Chen

Yu-Fu gained both a BSc and an MSc in Chemistry from the National Tsing Hua University in Taiwan, a PG Diploma in Economics from the University of Warwick, and both an MSc and a PhD in Economics from Birkbeck College, University of London. He is currently a senior lecturer in Economic Studies at the University of Dundee

Macroeconomics, International Finance, Environmental Economics, Financial Economics (real options), Labour Economics, Chinese Economy

A key feature of my work is that it bridges different areas of economics as well as different disciplines. Currently, I am working in a number of areas:

1. International finance & Chinese Economy, with a focus on exchange rates policies by central banks and theoretical development of target zone models for China, Hong Kong and Japan;
2. Environmental economics, with a focus on the effects of climate change and the design of environmental policies when policy makers face fat-tailed uncertainty, ambiguity in uncertainties, and forecast uncertainties in climate change scientific forecasting; 
3. Macroeconomics and Labour Economics, with a focus on firms’ dynamic investment and employment decisions under uncertainty and their impact on international competitiveness, including China consumption and housing prices interactions, and research on the China New Contract Labour Law.

• Economic Theory (Macroeconomics)
• Financial Economic Analysis
• Introductory Mathematics Course (Scottish Graduate Programme (SGPE), MSc Economics, University of Edinburgh)
• Asset Pricing (SGPE, University of Edinburgh)
• Corporate Finance (SGPE, University of Edinburgh)
• Real Options

Refereed papers

• "Off-the-Record Target Zones: Theory with an Application to Hong Kong's Currency Board", with Michael Funke and Nicole Glanemann, forthcoming in Studies in Nonlinear Dynamics & Econometrics, 2012.
• "Institutional Uncertainty, Economic Integration, and Vertical Foreign Direct Investment Decisions", with Michael Funke, forthcoming in Open Economies Review, 22, 593-612, 2011.
• "An essay on the generational effect of employment protection", with GylfiZoega, Mathematical Social Sciences, 59, 349-359, 2010.
• "Booms, Recessions and Financial Turmoil: A Fresh Look at Investment Decisions under Cyclical Uncertainty", with Michael Funke, Scottish Journal of Political Economy, 57, 290-317, 2010.
• "Thresholds Effects of Dismissal Protection Regulation and the Emergence of Temporary Work Agency", with Michael Funke, Studies in Nonlinear Dynamics & Econometrics, Vol. 13 :Iss. 4, Article 3, 2009.
• "China's New Labour Contract Law: No Harm to Employment?", with Michael Funke, China Economic Review, 20, 558-572, 2009.
• "Product Market Competition, Investment and Employment-Abundant versus Job-poor Growth: A Real Options Perspective", with Michael Funke, European Journal of Political Economy, 24, 218-238, 2008.

Working Papers

• "Time is Running Out: The 2° C Target and Optimal Climate Policies," with Michael Funke & Nicole Glanemann. CESifo Working Paper Series 3664; Dundee Economics Discussion Papers 262, 2011.
• "The Signalling Channel of Central Bank Interventions: Modelling the Yen / US Dollar Exchange Rate," with Michael Funke & Nicole. CESifo Working Paper Series 3610, CESifo Group Munich; Dundee Economics Discussion Papers 260, 2011.
• "Dark Clouds or Silver Linings? Knightian Uncertainty and Climate Change," with Michael Funke & Nicole Glanemann. CESifo Working Paper Series 3516, CESifo Group Munich; Dundee Economics Discussion Papers 258, 2011.
• "What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics", with Michael Funke and Aaron Mehrotra. BOFIT Discussion Papers 13/2011, Bank of Finland; Dundee Economics Discussion Papers, 255, 2011.
• "Global Warming and Extreme Events: Rethinking the Timing and Intensity of Environmental Policy", with Michael Funke. CESifo Working Paper Series 3139, CESifo Group Munich; Dundee Economics Discussion Papers, 236, 2010.
• "Life-Cycle, Effort and Academic Inactivity", with GylfiZoega. Birkbeck Economics Discussion Papers, 1009, 2010; Dundee Economics Discussion Papers, 232, 2010. "Environmental Degradation and the Limits to LOV", with CatiaMontagna and Hassan Molana. Dundee Economics Discussion Papers, 234, 2010.
• "A Soft Edge Target Zone Model: Theory and Application to Hong Kong", with Michael Funke and Nicole Glanemann. BOFIT Discussion Papers 21/2009, Bank of Finland; Dundee Economics Discussion Papers, 228, 2010.
• "Strong Hysteresis due to Age Effects ", with GylfiZoega. Dundee Economics Discussion Papers, 230, 2010.

Selected Publications Prior to 2008

• "Labour Demand in Germany: An Assessment of Non-Wage Labour Costs ", with Michael Funke, Scottish Journal of Political Economy, 52, 687-709, 2005.
• "Protection and Employment under Uncertainty: A Real Option Approach", with I-Hui Cheng, Applied Economics, 37, 229-238, 2005.
• "Working Time and Employment under Uncertainty", with Michael Funke, Studies in Nonlinear Dynamics & Econometrics, Vol. 8: No. 3, Article 5, 2004.
• "Labour-market Institutions and Macroeconomic Shocks", with Dennis Snower and GylfiZoega,LABOUR, 17, 247-270, 2003.
• "Hiring and Firing: A Tale of Two Thresholds", with Alison Booth and GylfiZoega, Journal of Labor Economics, 20, 217-248, 2002.
• "On the Effectiveness of Firing Costs", with GylfiZoega, Labour Economics, 6, 335-354, 1999.