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WORKING PAPERS

"Soaring in Rationality: Bonds as a Partial Hedge against Hyperinflation," Explorations in Economic History,
Accepted on 10/16/2025, click here
 for a final version of the manuscript 

"Attention to Inflation," with Chang Liu, submitted

"Reason for Treason," with Xinyu Fan, Gary Richardson, and Sicheng Zhao

"Expectations and Inflation: Evidence from Surprise Events in China during the Second World War," with Bo Li, Zhenyu Luo, and Gary Richardson

"The Impact of Birth Cohort Contraction on Women’s Status: Evidence from 1960s Demographic Shock in China," with Zhenyu Luo

"Price  Convergence  Through  a  Financial  Network: Does  Financial  Integration  Impact  Price Integration in Real Sectors?"

"Shock Propagation Through a Production Network:  The Effect of Bombings Towards Germany’s Production."

PUBLICATION

Xu, Zhihao, Muchen Li*, and Mengyu Chen. "The Opening of Treaty Ports, Early Modernization, and Female Labor Value: Evidence from Late Qing China." Journal of Chinese Economic and Business Studies (2025).        https://doi.org/10.1080/14765284.2025.2499396

Li, Hongjun, Qinglingzi Li, Zhihao Xu*, and Xinyi Ye. "Digital Technologies." Journal of Digital Economy 3 (2024): 240-248.

Huang, Jinglei, Danxia Xie, and Zhihao Xu*. "Sequential innovation and contribution distribution: measurement from game live-streaming industry." Humanities and Social Sciences Communications 11.1 (2024): 1-10.

Xu, Zhihao, "An Essay on the Asymptotic Property of Borda Rule'' (in Chinese), Review of New Political Economics, 18 (2011): 1-25.

​* corresponding author

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