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STAFF LIST

• Academic

  • Paul Allanson
  • Arnab Bhattacharjee
  • Monojit Chatterji
  • Yu-Fu Chen
  • John Dewhurst
  • Martin Jones
  • Andrzej Kwiatkowski
  • Sushil Mohan
  • Hassan Molana
  • Catia Montagna
  • Carlo J. Morelli
  • Dennis J. Petrie
  • Bill Russell
  • Paul T. Seaman
  • Fu-Min Tseng
  • Shaolin Wang
  • Yin Zhang

• Support

  • June Campbell
  • Adele Ferrier

• Honorary

  • Shona Dobbie
  • Hugh Hoffman
  • Steve Jones
  • Richard Reid

Yu-Fu Chen

Contact:
y.f.chen@dundee.ac.uk
Tel:+44 (0)1382 384383
Fax:+44 (0)1382 384691
Postal Address:
Economic Studies
University of Dundee
Perth Rd
Dundee
DD1 4HN

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 lecturer in Economic Studies at the University of Dundee

Research Interests

Macroeconomics (consumption and investment), labour economics (employment decisions), international finance, climate changes policy, and real options theories/applications

Yu-Fu is currently working on:

• Modelling problems of extreme weather events and derive optimal policies for such low probability events by applying real options
• The effect of the institution of firing costs on employment, hiring decisions, temporary work agency, and working time determination
• The long-run effect of uncertainty on growth and business cycles

Teaching

• 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

Publications since 2008

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.