Yuemei Ji
YOU?
Author Swipe
View article: Venture Capital Investment in Biopharmaceutical Artificial Intelligence (Preprint)
Venture Capital Investment in Biopharmaceutical Artificial Intelligence (Preprint) Open
UNSTRUCTURED This study analyzes 2010–2024 venture capital trends in international AI-driven biopharmaceutical startups, revealing rapid growth in discovery tool investments and concentrated U.S. funding in California and Massachusetts.
How to conduct monetary policies. The ECB in the past, present and future Open
We study the evolving operating procedures used by the ECB since its creation. During the period up to 2015, bank reserves were scarce and the ECB, like other central banks, used a corridor system in which the money market rate could fluct…
Trust and monetary policy Open
We analyze how trust affects the transmission of negative demand and supply shocks using a behavioral macroeconomic model. We define trust to have two dimensions: trust in the central bank's inflation target and trust in the central bank's…
Fighting Inflation without Massive Transfers to Banks Open
The major central banks now operate in a regime of abundant bank reserves. As a result, they can only raise the money market rate by increasing the rate of remuneration of bank reserves. This, in turn, leads to large transfers of central b…
Finance and local economic growth: New evidence from China Open
We study the relationship between finance and growth using a sample of 275 Chinese cities from 2009 to 2018. We exclude bank loans to local governments through the local government financing vehicles (LGFVs) and construct a better financia…
On the use of current and forward-looking data in monetary policy: a behavioural macroeconomic approach Open
We analyse the question of whether the use of forward-looking data in monetary policy is to be preferred over the use of current data. We use a behavioural macroeconomic model that generates periods of tranquillity alternating with crisis …
What drives regulation in the aftermath of financial crises Open
The financial industry may distort post-crisis policy interventions in their favour by colluding with policymakers, write Orkun Saka, Yuemei Ji and Paul De Grauwe.
The Quest to Stabilize an Unstable System by Financial Engineering. Reply to Sam Langfield Open
status: Published
Labour market regulation and tax reform complement each other Open
Italy and Spain show how this complementarity helps reduce labour market dualism, and fosters job growth, write Angelo Martelli, Nauro Campos, Michael Ganslmeier, Yuemei Ji, Orkun Saka
Structural Reforms in Europe Open
It has long been argued that structural reforms constitute a remedy for getting countries out of the low-growth environment that Europe has experienced in the last decade. Many recent studies show long-term benefits of such reforms in cros…
Structural reforms, animal spirits, and monetary policies Open
We use a New Keynesian behavioral macroeconomic model to analyze how structural reforms affect the economy. There are two types of structural reforms. The first one increases price flexibility; the second one increases competition in the l…
Making the Eurozone Sustainable by Financial Engineering or Political Union? Open
status: Published
Time to Change Budgetary Priorities in the Eurozone Open
With the spectre of a recession looming in the eurozone (and elsewhere), the policy question arises as to how much leeway do the fiscal authorities in the eurozone have to follow counter-cyclical fiscal policies aimed at providing some sti…
Time to change budgetary priorities in the eurozone Open
With the spectre of a recession looming in the eurozone (and elsewhere), the policy question arises as to how much leeway do the fiscal authorities in the eurozone have to follow counter-cyclical fiscal policies aimed at providing some sti…
Core-Periphery Relations in the Eurozone Open
We argue that the case for the existence of some deterministic force that condemns countries in the periphery to stay in the periphery indefinitely, is weak. Countries that are in the periphery today can become part of the core and vice ve…