Personal profile


Yu-Fu gained both a BSc and an MSc in Chemistry from the National Tsing Hua University in Taiwan, a PG Diploma in Economics from the University of Warwick, and both an MSc and a PhD in Economics from Birkbeck College, University of London. He is currently a Senior Lecturer in Economic Studies at the University of Dundee



Macroeconomics, International Finance, Environmental Economics, Financial Economics (real options), Labour Economics, Chinese Economy

A key feature of my work is that it bridges different areas of economics as well as different disciplines. Currently, I am working in a number of areas:

  1. International finance & Chinese Economy, with a focus on exchange rates policies by central banks and theoretical development of target zone models for China, Hong Kong and Japan;
  2. Environmental economics, with a focus on the effects of climate change and the design of environmental policies when policy makers face fat-tailed uncertainty, ambiguity in uncertainties, and forecast uncertainties in climate change scientific forecasting;
  3. Macroeconomics and Labour Economics, with a focus on firms’ dynamic investment and employment decisions under uncertainty and their impact on international competitiveness, including China consumption and housing prices interactions, and research on the China New Contract Labour Law.

Education/Academic qualification

Doctor of Philosophy, Birkbeck University of London

Master of Science, Birkbeck University of London


  • HB Economic Theory
  • International Finance
  • Real Options
  • Labour Economics

Fingerprint Fingerprint is based on mining the text of the person's scientific documents to create an index of weighted terms, which defines the key subjects of each individual researcher.

Uncertainty Business & Economics
Real options Business & Economics
Target zones Business & Economics
Investment decision Business & Economics
Currency board Business & Economics
Labour demand Business & Economics
Hong Kong Business & Economics
Firing costs Business & Economics

Network Recent external collaboration on country level. Dive into details by clicking on the dots.

Research Output 1999 2017

  • 75 Citations
  • 5 h-Index
  • 28 Discussion paper
  • 18 Article
  • 1 Working paper

Greece’s Three-Act Tragedy: A Simple Model of Grexit vs. Staying Afloat inside the Single Currency Area

Chen, Y-F. & Funke, M. Apr 2017 In : Open Economies Review. 28, 2, p. 297-318 22 p.

Research output: Contribution to journalArticle

Open Access
Currency area
Single currency
Euro area

What drives urban consumption in mainland China? The role of property price dynamics.

Chen, Y-F., Funke, M. & Mehrotra, A. 27 Aug 2017 In : Pacific Economic Review. 22, 3, p. 383-409 27 p.

Research output: Contribution to journalArticle

Open Access
Property prices
Price dynamics
Mainland China
House prices

A non-perpetual shirking model

Chen, Y-F. & Zoega, G. Sep 2015 In : Economics Letters. 134, p. 98-101 4 p.

Research output: Contribution to journalArticle

Open Access
Finite horizon

Financial market reform – A new driver for China’s economic growth?

Chen, Y-F., Funke, M. & Tao, K. 13 Feb 2015 Helsinki: Bank of Finland, BOFIT Institute for Economies in Transition, 38 p.

Research output: Working paperDiscussion paper

Factors of production
Economic growth
Financial markets
Market reform

Going offshore: Investments in German wind energy under uncertainty

Chen, Y-F. & Funke, M. Jun 2015 CESifo, Center for Economic Studies; Ifo Institute, Munich: CESifo Group Munich, 24 p.(CESifo Working Papers Series; vol. 2015-6, no. 5408)

Research output: Working paperDiscussion paper

Wind energy


Exchange rate volatility in LDCs: some findings from the Ghanaian, Mozambican and Tanzanian markets

Author: Osei-Assibey, K. P., 2010

Supervisor: Molana, H. (Supervisor) & Chen, Y. (Supervisor)

Student thesis: Doctoral ThesisDoctor of Philosophy


Labour Market Policies and Unemployment in the Presence of Search & Matching Frictions

Author: Onwordi, G. E., 2016

Supervisor: Molana, H. (Supervisor) & Chen, Y. (Supervisor)

Student thesis: Doctoral ThesisDoctor of Philosophy