ZHENG GONG 宫政
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I am a Postdoctoral Researcher in the Department of Economics at the University of Bonn. I received my PhD in Economics and Finance from Bocconi University (2019–2024). ​CV and research statement.

My research lies at the intersection of macroeconomics and finance, with a focus on how wealth inequality, asset prices, and redistribution interact with aggregate fluctuations.
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I am on the 2025-2026 Job Market. My Job Market Paper An Asset-Price Centric New Keynesian Model develops a framework in which asset prices, rather than interest rates, drive consumption dynamics. The model delivers an excellent fit to the data.

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Correlation between data and model-predicted consumption: 0.802. Left: S&P 500 and Case-Shiller U.S. National Home Price Index. Right: Actual per capita real consumption (solid blue) and APNK model prediction (dashed red). Data sources: Shiller (stock/housing prices); FRED (PCEC, HNOCEA, BOGZ1LM653064155Q, HNOREMV). All series are converted to per capita real terms.
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