Economists

Xiaoqing Zhou

Senior Research Economist and Advisor
Federal Reserve Bank of Dallas

Xiaoqing Zhou

Xiaoqing Zhou joined the Federal Reserve Bank of Dallas in July 2019. Her research is in the field of household finance, energy economics and macroeconomics. She is particularly interested in the implications of heterogeneity across individuals and across geographic locations for the transmission of aggregate shocks. She has studied, for example, the interaction between the housing market and the macroeconomy as well as the link between energy markets and the macroeconomy. Xiaoqing previously worked as a senior economist for the Bank of Canada. She holds a PhD in economics from the University of Michigan.

Publications

“A Quantitative Evaluation of the Housing Provident Fund Program in China,” China Economic Review, vol. 61, June 2020. https://doi.org/10.1016/j.chieco.2020.101436.
“Refining the Workhorse Oil Market Model,” Journal of Applied Econometrics, vol. 35, no. 1, January 2020, pp. 130-140. https://doi.org/10.1002/jae.2743.
“Modeling Fluctuations in the Global Demand for Commodities,” with L. Kilian, Journal of International Money and Finance, vol. 88, November 2018, pp. 54-78. https://doi.org/10.1016/j.jimonfin.2018.07.001.
“Are Product Spreads Useful for Forecasting Oil Prices? An Empirical Evaluation of the Verleger Hypothesis,” with C. Baumeister and L. Kilian, Macroeconomic Dynamics, vol. 22, no. 3, April 2018, pp. 562-580. https://doi.org/10.1017/s1365100516000237.
“Is the Discretionary Income Effect of Oil Price Shocks a Hoax?” with C. Baumeister and L. Kilian, Energy Journal, vol. 39, no. S12, 2018, pp. 117-137. https://doi.org/10.5547/01956574.39.SI2.cbau.

Working Papers

“Oil Prices, Gasoline Prices and Inflation Expectations: A New Model and New Facts,” with Lutz Kilian, Federal Reserve Bank of Dallas Working Paper no. 2025, August 2020.
“A Quantitative Model of the Oil Tanker Market in the Arabian Gulf,” with Lutz Kilian and Nikos Nomikos, Federal Reserve Bank of Dallas Working Paper no. 2015, May 2020.
“A Quantitative Evaluation of the Housing Provident Fund Program in China,” Federal Reserve Bank of Dallas Working Paper no. 2008, March 2020.
“The Econometrics of Oil Market VAR Models,” with Lutz Kilian, Federal Reserve Bank of Dallas Working Paper no. 2006, March 2020.
“Does Drawing Down the U.S. Strategic Petroleum Reserve Help Stabilize Oil Prices?” with Lutz Kilian, Federal Reserve Bank of Dallas Working Paper no. 1916, December 2019.
“Oil Prices, Exchange Rates and Interest Rates,” with Lutz Kilian, Federal Reserve Bank of Dallas Working Paper no. 1914, November 2019.
“Refining the Workhorse Oil Market Model,” Federal Reserve Bank of Dallas Working Paper no. 1910, September 2019.
“The Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in Canada,” with Lutz Kilian, Federal Reserve Bank of Dallas Working Paper no. 1909, September 2019.

Dallas Fed Publications

“Gasoline Demand More Responsive to Price Changes than Economists Once Thought,” with Lutz Kilian, Dallas Fed Economics, June 16, 2020.
“CARES Act Likely to Blunt Mortgage Delinquency Rate Increase,” Dallas Fed Economics, May 26, 2020.
“How Falling Oil Prices in Early 2020 Weakened the U.S. Economy,” with Michael D. Plante and Lutz Kilian, Dallas Fed Economics, May 19, 2020.