Dr Pei Kuang

Dr Pei Kuang

The Department of Economics
Senior Lecturer in Macroeconomics

Contact details

Department of Economics
University of Birmingham
University of Birmingham
B15 2TT

Dr Pei Kuang is a Senior Lecturer in Macroeconomics. He received his Ph.D. from the Goethe University Frankfurt (Germany) and joined the Department of Economics in August 2012. His research focuses on empirical and theoretical analysis of imperfect knowledge in Macro and Finance with an emphasis on macroeconomic policy making and issues related to expectation formation and learning. He has published in the NBER Macroeconomics Annual, Journal of Monetary Economics, European Economic Review and other journals.



  • PhD University of Frankfurt
  • MA University of Freiburg
  • BS Renmin University of China



  • Advanced Macroeconomics (PhD)
  • International and European Monetary Issues (3rd year UG)
  • Supervision of PhD, Master and Bachelor dissertations


Learning and Imperfect Information, Expectation Formations, Business Cycles, Monetary and Fiscal Policy, Chinese Economy


Are Rational Explosive Solutions Learnable? (with Yao Yao). Economics Letters, August 2017, volume 157, p. 62 - 66. 

Labor Market Dynamics with Searching Frictions and Fair Wage Considerations (with Tong Wang). Economic Inquiry, Volume 55, Issue 3, July 2017, p. 1336--1349.

Long-Run Growth Uncertainty (with Kaushik Mitra). Journal of Monetary Economics, 79, 67-80, 2016.

A Note on Learning in a Credit Economy. Macroeconomic Dynamics, volume 20, issue 03, 2016 pp. 845-855.

A Model of Housing and Credit Cycles with Imperfect Market Knowledge, European Economic Review, Volume 70, August 2014, Pages 419–437.  

Illusory Profitability of Technical Analysis in Emerging Foreign Exchange Markets, (with Michael Schröder and Qingwei Wang), International Journal of Forecasting, Volume 39, Issue 2, April-June 2014, Pages 192-205

House Prices Booms and the Current Account, with Klaus Adam and Albert Marcet, NBER Macroeconomics Annual 2011, pp. 77 - 122

Discussion papers 

Structural Balance Targeting in the EU: An Unachievable Goal and Reform Proposals (with K. Mitra).

Potential output pessimism and excessive austerity in the European Union (with K. Mitra).

Learning Dynamics with Data (Quasi-)Differencing.

View all publications in research portal