Publications: 
 [1] Friedman Redux: Restricting Monetary Policy Rules to Support Flexible Exchange Rates, June 2005, with Michael B. Devereux and Kang Shi,  Economics Letters, vol. 87(3), pages 291-299.  Technical appendix
[2] Exchange Rates and Monetary Policy in Emerging Market Economies, April 2006, with Michael B. Devereux and Philip R. Lane, Economic Journal,  vol. 116 (April), page 478-506. Technical appendix
[3] Global Monetary Policy under a Dollar Standard, March 2007, with Michael B. Devereux and Kang Shi, Journal of International Economics, vol. 71(1), Pg. 113-132.
[4] Optimal Monetary Policy with Vertical Production and Trade, August 2007, with Kang Shi, Review of International Economics, vol. 15 (3), Pg. 514–537. Technical appendix
[5] Entry Cost, Tobin Tax, and Noise Trading in the Foreign Exchange Market, with Kang Shi, Canadian Journal of Economics, vol. 42(4) , Pg. 1501-1526
[6] Noise Traders, Exchange Rate Disconnect Puzzle, and the Tobin Tax, March 2010, Journal of International Money, and Finance vol. 29(2), Pg. 336-357.
[7] Twin Dollarization and Exchange Rate Policy, with Kang Shi, May 2010, Journal of International Economics, vol. 81(1),, Pg. 109-121
[8] Oil Currency and the Dollar Standard, (Leading Article), with Michael B. Devereux and Kang Shi, June 2010, Journal of Money, Credit, and Banking, vol. 42(4), Pg. 521-550.
[9]  Intermediate Goods Trade and Exchange Rate Pass-through, with Kang Shi, June 2010, Journal of Macroeconomics, vol.  32 (2), Pg. 571-583.
[10] Optimal Currency Basket with Vertical Trade, August 2011, Juanyi Xu, Journal of International Money and Finance, vol. 30(7), Pg. 1323-1340.
[11] Oil Price Stabilization and Global Welfare, November 2014, Qing Liu, Kang Shi, Zhouheng Wu, and Juanyi Xu, Journal of Development Economics,  vol. 111(C), Pg. 246-260.
[12]  Input Substitution, Export Pricing, and Exchange Rate Policy , January 2015, Kang Shi, Juanyi Xu, and Xiaopeng Yin, Journal of International Money and Finance, vol. 51, Pg. 26-46..  
[13] Eurosclerosis and International Business Cycle,  January 2015, David Cook and Juanyi Xu,  Journal of International Economics, vol. 95(1), Pg. 54-67.
[14] Endogenous Firm Entry and Expectation Driven Business Cycles, December 2016,Haichao Fan, Xiang Gao,  Juanyi Xu, and Zhiwei Xu,  Journal of Economic Dynamics and Control, vol. 73, Pg. 159-180.
15]   Local Government Debt and Corporate Leverage, July 2017, Yousha Liang, Kang Shi and Lisheng Wang, and Juanyi Xu,  Asian Economic Policy Review, vol 12, issue 2, Pg. 210-232.
[16] Excess Liquidity and Credit Misallocation: Evidence from China, Sept 2017, Shiyuan Pan, Kang Shi, Lisheng Wang, and Juanyi Xu, China Economic Journal, vol 10, Pg. 265-286.
[17] Fluctuation and Intervention: A Tale of Two RMB Markets, 2019, Yousha Liang, Kang Shi, Lisheng Wang, and Juanyi Xu,  China Economic Review, vol. 53(C), Pg. 30-52.
[18] SOE and Chinese Real Business Cycles, 2020, Daoju Peng, Kang Shi, Juanyi Xu and Zhou Yue, Annual of Economics and Finance, vol. 21 (2), Pg. 415-469.
[19] Local Currency Pricing and International Tax Policy, 2021, Sihao Chen, Michael Devereux, Kang Shi and Juanyi Xu, Journal of Monetary Economics, Vol. 117, Pg. 460-472.
[20] Pandemic and Containment Policies in Open Economy, 2022,  Yousha Liang, Kang Shi, Junjie Tang and Juanyi Xu, Journal of International Money and Finance, Volume 125.
[21] Consumption Heterogeneity and Monetary Policy in an Open Economy, 2022, Sihao Chen, Michael Devereux, Kang Shi and Juanyi Xu, NBER Working Paper #29835, Journal of Monetary Economics, Volume 140, November 2023, Pages 1-15.
[22] Learnng by Exporting: Evidence from Patent Citations in China, Yousha Liang, Hanyi Tao, Kang Shi, and  Juanyi Xu,  Volume, 150, July 2024, Journal of International Economics.
​[23] The Shocks Matter: Labor Mobility and the Welfare Cost of a Currency Union, Sihao Chen, David Cook, Haichao Fan, and Juanyi Xu, accepted at  the Journal of Economic Theory.​
[24] From Trade Reform to Trade War: A Quantitative Analysis of China's Current Account, 2025, accepted with minor revision at the Journal of Economic Dynamics and Control.
[25] The Hidden Cost of Political Connection: Evidence from China’s Stock Market Responses to Land Transactions, 2025, Haoyuan Ding, Kang Shi, Juanyi Xu, and Xiaoyu Zhang,  vol 63( 3), Pg. 785-80, Economic Inquiry.