Xuan Wang receives an NWO Veni grant for study on the consequences of central bank profits and losses
Research fellow Xuan Wang (Vrije Universiteit Amsterdam) has been awarded a Veni grant from the Dutch Research Council (NWO).
Xuan will use the research grant to study how central bank profits or losses influence inflation, asset prices, and wealth distribution.
Major central banks face unprecedented profit losses as they raise interest rates to combat inflation: the US Federal Reserve reported a $114.3 billion loss in 2023, while the European Central Bank recorded its first annual loss since 2004. These losses have significant societal/economic impacts and can affect both the costs of living in these countries and firms’ debt burden.
About
Xuan is an assistant professor at the department of Finance of Vrije Universiteit Amsterdam. He holds a PhD (D.Phil) in Financial Economics from the University of Oxford, Saïd Business School. Before his PhD, he obtained MPhil in Economics with Distinction from the Department of Economics, University of Oxford and worked as a full-time economist at the Bank of England.
Veni
The NWO Veni research grant, with a maximum amount of 320,000 euros, is awarded to newly promoted researchers with an excellent research proposal. The grant offers researchers the opportunity to further develop their ideas over a period of three years and stimulates curiosity-driven and innovative research.
Read more about the Veni 2024 | NWO and granted projects.
Alongside Xuan, research fellow Lina Zhang has been awarded an NWO Veni Grant in this round as well.