Current Position

Associate Professor (with tenure), School of Economics and Management, Tsinghua University

Research Fellow, National Center for Economic Research, Tsinghua University

Research Fellow, National Institute for Fiscal Studies, Tsinghua University

Research Fellow, Institute for National Governance and Global Governance, Tsinghua University

Research Fellow, Joint Research Center on Chinese Economy, The Chinese University of Hong Kong —Tsinghua University

Past Appointments

Assistant Professor of Economics, Tsinghua University, 2012-2019

Senior Economist, Bank of Canada, 2011-2012

Visiting Appointments

Visiting Scholar, People’s Bank of China, Aug. 2011 – Sept. 2011

Summer Intern, Federal Reserve Bank of New York, June 2010 – Aug. 2010

Summer Intern, Morgan Stanley, Hong Kong, June 2008 – Aug. 2008

Graduate courses：Quantitative Methods in Macroeconomics， Special Topics in Chinese Economics, 

MBA courses ： Exploring the Cutting-edge ESG Models in China,

Undergraduate courses: Principles of Economics, Intermediate Macroeconomics, and Special Topics on Chinese Economy

Macroeconomics, 

International Economics 

Chinese Economy

• Jesús Fernández-Villaverde, Gustavo Ventura, and Wen Yao, “The Wealth of Working Nations , European Economic Review, Volume 173, 104962, 2025.

• Aidi Tang and Wen Yao, “The Effects of Financial Integration during Crises , Journal of International Money and Finance, Volume 124, 102613, 2022.

• Wen Yao and Xiaodong Zhu, “Structural Change and Aggregate Employment Fluctuations in China”, International Economic Review, Volume 62, No.1, 2021

• Chong-En Bai, Qing Liu, and Wen Yao, “Earnings Inequality and China’s Preferential Lending Policy”, Journal of Development Economics, Volume 145, 102477, 2020

• Wen Yao, “International Business Cycles and Financial Frictions”, Journal of International Economics (独立作者), Volume 118, pp 283-291, 2019

• Dario Caldara, Jesús Fernández-Villaverde, Juan F. Rubio-Ramírez, and Wen Yao, “Computing DSGE Models with Recursive Preferences and Stochastic Volatility”, Review of Economic Dynamics, Volume 15, Issue 2, 2012

• 姚雯，唐爱迪，《金融一体化与经济周期的跨国传导》，《经济学报》，2020年02期，61-85页

Grants

• National Natural Science Foundation Grant, “Income Effect on Employment Fluctuations and Structural Change in China”, Principal Investigator, 2021-2024

• Tsinghua University Initiative Scientific Research Grant, “Income Effect and Business Cycles in China”, Principal Investigator, 2020-2022

• National Natural Science Foundation Grant, “Impact of Government Infrastructure Investment on Skill Premium, Capital Return and Welfare”, Principal Investigator, 2017-2019

• Tsinghua University Initiative Scientific Research Grant, “Government Infrastructure Investment and Factor Misallocations”, Principal Investigator, 2016-2018

• Ministry of Education Grant, “Infrastructure Investment and its Macroeconomic Implications: Theory, Evidence and Policy”, Substantial Contributor, 2016-2019

• National Natural Science Foundation Grant, “International Capital Flow and Macro Prudential Policy”, Substantial Contributor, 2014-2016

• Tsinghua University Research Foundation Grant, Principal Investigator, 2012-2015

• CSWEP Fellowship, American Economic Association, 2010

• Support for Young Economist, Econometric Society, 2009