photo of Lei Fang

Lei Fang

Research Economist and Associate Adviser
curriculum vitae Adobe PDF file format :: personal websiteOff-site link
email :: 404-498-8057

To interview economists, press should contact Public Affairs at 470-249-8348.

  • Biography

    Lei Fang is a research economist and associate adviser on the macroeconomics and monetary policy team in the research department of the Federal Reserve Bank of Atlanta. Her research areas are macroeconomics, growth and development economics, and labor economics. She is an occasional contributor to the Atlanta Fed's macroblog, which provides commentary on economic topics including monetary policy, macroeconomic developments, and the Southeast economy.

    Before joining the Bank in 2008, Dr. Fang was a research assistant, teaching assistant, and instructor at Arizona State University.

    Dr. Fang received her bachelor's degree in economics from Beijing University in China. She earned her master's degree and doctorate in economics from Arizona State University.

  • Working Papers

    Atlanta Fed Working Papers

    2022

    2022-15
    The Short and the Long of It: Stock-Flow Matching in the US Housing Market
    Eric Smith, Zoe Xie, and Lei Fang
    October 2022
    Abstract | Full text Adobe PDF file format

    2021

    2021-28
    Luxuries, Necessities, and the Allocation of Time
    Lei Fang, Anne Hannusch, and Pedro Silos
    December 2021
    Abstract | Full text Adobe PDF file format

    2021-17
    Taxes, Subsidies, and Gender Gaps in Hours and Wages
    Robert Duval-Hernandez, Lei Fang, and Rachel Ngai
    June 2021
    Abstract | Full text Adobe PDF file format

    2021-7b
    Consumption and Hours in the United States and Europe
    Lei Fang and Fang Yang
    January 2021 (Revised October 2022)
    Abstract | Full text Adobe PDF file format

    2020

    2020-13c
    A Quantitative Analysis of CARES Act Unemployment Insurance
    Lei Fang, Jun Nie, and Zoe Xie
    July 2020 (revised June 2022)
    Abstract | Full text Adobe PDF file format

    2020-1
    Bundling Time and Goods: Implications for Hours Dispersion
    Lei Fang, Anne Hannusch, and Pedro Silos
    January 2020
    Abstract | Full text Adobe PDF file format

    2019

    2019-21a
    High-Skilled Services and Development in China
    Lei Fang and Berthold Herrendorf
    November 2019 (revised June 2021)
    Abstract | Full text Adobe PDF file format

    2017

    2017-8
    Taxes and Market Hours: The Role of Gender and Skill
    Robert Duval-Hernández, Lei Fang, and Rachel Ngai
    September 2017
    Abstract | Full text Adobe PDF file format (718 KB)

    2014-5
    Home Hours in the United States and Europe
    Lei Fang and Cara McDaniel
    June 2014
    Abstract | Full text Adobe PDF file format (282 KB) | Appendix Adobe PDF file format (235 KB)

    2014-2
    Human Capital Dynamics and the U.S. Labor Market
    Lei Fang and Jun Nie
    February 2014
    Abstract | Full text Adobe PDF file format (343 KB)

    2012-19
    Home Production Technology and Time Allocation: Empirics, Theory, and Implications
    Lei Fang and Guozhong Zhu
    December 2012
    Abstract | Full text Adobe PDF file format (401 KB)

    2012-16
    Wages and Unemployment across Business Cycles: A High-Frequency Investigation
    Lei Fang and Pedro Silos
    October 2012
    Abstract | Full text Adobe PDF file format (216 KB)

    2011-14
    Impact of the Business Environment on Output and Productivity in Africa
    El-hadj Bah and Lei Fang
    November 2011
    Abstract | Full text Adobe PDF file format (428 KB)

    2010-16a
    Entry Costs, Financial Friction, and Cross-Country Differences in Income and TFP
    Lei Fang
    September 2010
    Abstract | Full text Adobe PDF file format (359 KB)

    2009-8
    Entry Barriers, Competition, and Technology Adoption
    Lei Fang
    March 2009
    Abstract | Full text Adobe PDF file format (349 KB)

    2009-7
    Product Market Regulation and Market Work: A Benchmark Analysis
    Lei Fang and Richard Rogerson
    March 2009
    Abstract | Full text Adobe PDF file format (298 KB)

  • Other Fed Work

    Articles

    2022

    Lei Fang, Jun Nie, and Zoe Xie "Who Benefited Most from the CARES Act Unemployment Insurance Provisions?" Policy Hub (2022-4).
    Abstract | Full text Adobe PDF file format

    2021

    Lei Fang, Robert Duval-Hernández, and L. Rachel Ngai "Marketization of Home Production and Gender Gaps in Working Hours." Policy Hub (2021-7).
    Abstract | Full text Adobe PDF file format

    2020

    Lei Fang, Jun Nie, and Zoe Xie "The CARES Act Unemployment Insurance Program during the COVID-19 Pandemic." Policy Hub (2020-16).
    Abstract | Full text Adobe PDF file format

    Lei Fang and Pedro Silos "Wage Growth over Unemployment Spells." Policy Hub (2020-9).
    Abstract | Full text Adobe PDF file format

  • Publications

    Articles

    "Consumption and Hours in the United States and Europe," with Fang Yang, Journal of Economic Dynamics and Control, Volume 144, November 2022, Article no. 104540.

    "High-skilled Services and Development in China" with Berthold Herrendorf, Journal of Development Economics, Volume 151, June 2021, Article no. 102671.

    "Time Allocation and Home Production Technology," with Guozhong Zhu, Journal of Economic Dynamics and Control, Volume 78, May 2017, Pages 88–101.

    "Barriers to Entry, Competition and Technology Adoption." Economic Inquiry. DOI: 10.1111/ecin.12391.

    "Home Hours in the United States and Europe," with Cara McDaniel. B.E. Journal of Macroeconomics. DOI: 10.1515/bejm-2015-0031.

    "Impact of the Business Environment on Output and Productivity in Africa," with El-hadj Bah. Journal of Development Economics. 2015, vol. 114(C), pages 159–71.

    "Entry Cost, Financial Friction, and Cross-country Di erences in Income and TFP" with El-hadj Bah. Macroeconomic Dynamics. 2016, vol. 20(4), pages 884–908.

    "Product Market Regulation and Market Work: A Benchmark Analysis," with Richard Rogerson. American Economic Journal: Macroeconomics, vol. 3(2), pages 163–88, April 2011.

    "Policy Analysis in a Matching Model with Intensive and Extensive Margins," with Richard Rogerson. 2009, International Economic Review, vol 50–4.