Fang is a Senior Analyst in the Central Banking Analytics team in the Economics Department. Fang Yao joined the RBNZ in 2013 and has worked at monetary policy research team and macro-prudential policy analysis team. Prior to joining the RBNZ, he obtained his PhD in economics from Humboldt University Berlin. Fang has also been a research visitor at the German Bundesbank, and Federal Reserve Banks of New York and Richmond.
Current research interests:
- Housing market and macroprudential policy
- Machine learning and big-data analysis
- Yao, F, and Rubio, M (2019) "Macroprudential policies in a low interest-rate environment" Journal of Money, Credit and Banking, Forthcoming, Wiley Online Library.
- Yao, F; Armstrong J and Skilling, H (2019) "Loan-to-value ratio restrictions and house prices. Micro Evidence from New Zealand" Journal of Housing Economics, Elsevier, 1621, February 2019.
- Yao, F and Fasianos A (2019) "Household Leverage and Asymmetric Housing Wealth Effects-Evidence from New Zealand", Reserve Bank of New Zealand Discussion Paper, April 2019, DP2019/01.
- Yao, Fang and Gehrke, B,(2017). "Are supply shocks important for real exchange rates? A fresh view from the frequency-domain," Journal of International Money and Finance, Elsevier, vol. 79(C), pages 99-114.
- Yao, F (2016) "A note on Increasing Hazard Functions and Monetary Transmission Mechanism", Accepted for publication at the Macroeconomic Dynamics, Vol 20, Issue 1, Pages 446-459, January 2016.