Dr Bo Yang is a Senior Lecturer in Economics in the School of Management at Swansea University. He is also a Visiting Research Fellow in the School of Economics at the University of Surrey.

Formerly he was a Lecturer at Xi'an Jiaotong – Liverpool University (XJTLU), China and a part-time Lecturer at Surrey from 2012-15. Bo graduated from the University of Hull in 2003 and completed his MSc degree in Financial Economics with a Distinction at Queen Mary, University of London. In 2005, he moved to the University of Surrey to undertake a PhD with a full research scholarship.

His PhD was on the topic of dynamic stochastic general equilibrium (DSGE) modelling. Following the completion of his PhD degree in 2008, Bo was appointed as a Research Officer to support the research activities of the EU-funded project (FP7-MONFISPOL) "The Modelling and Implementation of Optimal Fiscal and Monetary Policy Algorithms in Multi-Country Econometric Models" (2008-2009). Before joining XJTLU in 2012 Bo was a postdoctoral Research Fellow in the Department of Economics at London Metropolitan University and an Associate Lecturer at the University of Surrey (2009-2011).

His research fields include macro-econometrics, monetary economics, business cycle and DSGE modelling with emerging economies, focusing on the applications and quantitative analysis of DSGE models.

The results of his research have been published in journals and book chapters, including Economic Journal, Journal of Economic Dynamics and Control, Economics Letters and Review of International Economics, the Oxford Handbook of the Indian Economy and Handbook of Research Methods and Applications.

Students interested in studying for a PhD in the area of empirical macroeconomics are encouraged to apply. Bo's supervisory topics include: empirical macroeconomics; real business cycle analysis; monetary policy and time series econometrics.

Areas of Expertise

  • Empirical macroeconomics
  • DSGE modelling
  • Time series econometrics


  1. & CES Technology and Business Cycle Fluctuations. Journal of Economic Dynamics and Control 61(C), 133-151.
  2. & Endogenous Persistence in an Estimated New Keynesian Model under Imperfect Information. Economic Journal 122(565), 1287-1312.
  3. & A Fiscal Stimulus with Deep Habits and Optimal Monetary Policy. Economics Letters 117(1), 348-353.
  4. & The Credibility Problem Revisited: Thirty Years on from Kydland and Prescott. Review of International Economics 16(4), 728-746.
  5. & An Estimated DSGE Open-Economy Model of the Indian Economy with Financial Frictions. In Chetan Ghate and Kenneth M. Kletzer (Ed.), Monetary Policy in India: A Modern Macroeconomic Perspective. New Delhi: Springer Verlag.

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  • MN-3028 Econometrics 2

    This module provides third year Economics undergraduates with the opportunity to develop and demonstrate their own econometric skills and critically evaluate current empirical econometric research. With a strong emphasis on ┬┐learning by doing", this module employs a mixture of lectures, tutorials and computer workshops to allow students to undertake their own empirical analysis in core areas of econometrics. The module will develop numerous transferable skills of use for both further study and future employment.

  • MN-3566 History of Economic Thought

    This module provides a rounded history of economic thinking and development.

  • MN-D009 Dissertation - Economics

    This is is a 60 credit Part II masters dissertation involving an independent piece of research in economics. Students are only allowed to proceed to the dissertation stage if they have successfully completed Part I of their masters programme.

  • MN-M030 Macroeconomics

    The module examines a number of recent developments in macroeconomic theory and considers their implications for macroeconomic policy.


  • Term structure of interest rate and DSGE model. (current)

    Student name:
    Other supervisor: Dr Marco Realdon