Bio

Lu Han is a Senior Economist in the International Economic Analysis Department. He is a macroeconomist with research interests in International Economics, Open Macroeconomics, Firms and Trade. Lu obtained his PhD in Economics from the University of Cambridge.

Research Field(s): International Macroeconomics International Trade and Finance

Staff working papers

Monetary Policy Transmission amid Demand Reallocations

Staff Working Paper 2024-42 Julien Bengui, Lu Han, Gaelan MacKenzie
We analyze the transmission of monetary policy during different phases of a sectoral demand reallocation episode when there are frictions to increasing production in a sector. Monetary policy is more effective in reducing inflation when a larger proportion of sectors are expanding or expect to expand in the near future.
Content Type(s): Staff research, Staff working papers Topic(s): Domestic demand and components, Inflation and prices, Monetary policy transmission JEL Code(s): E, E1, E12, E2, E24, E3, E31, E5, E52

Markups and Inflation in Oligopolistic Markets: Evidence from Wholesale Price Data

Staff Working Paper 2024-20 Patrick Alexander, Lu Han, Oleksiy Kryvtsov, Ben Tomlin
We study how the interaction of market power and nominal price rigidity influences inflation dynamics. We find that pass-through declines with price stickiness when markets are concentrated, which implies a lower slope of the New Keynesian Phillips curve.
Content Type(s): Staff research, Staff working papers Topic(s): Firm dynamics, Inflation and prices, Market structure and pricing, Monetary policy transmission JEL Code(s): D, D4, D43, E, E3, E31, L, L1, L13, L8, L81

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Journal publications

Refereed Journals

“Invoicing and Pricing-to-Market: Evidence on International Pricing by UK Exporters”
(with Giancarlo Corsetti and Meredith Crowley), Journal of International Economics,2022.

Other Research

“The Looming Threat of Tariff Hikes: Entry into Exporting under Trade Agreement Renegotiation”
(with Meredith Crowley and Oliver Exton), American Economic Association: Papers and Proceedings, May 2020.

“The Pro-competitive Effects of Trade Agreements”
(with Meredith Crowley and Thomas Prayer), R&R at Journal of International Economics.

“Renegotiation of Trade Agreements and Firm Exporting Decisions: Evidence from the Impact of Brexit on UK Exports”
(with Meredith Crowley and Oliver Exton), R&R at European Economic Review.

“Markets and Markups: A New Empirical Framework and Evidence on Exporters
from China” (with Giancarlo Corsetti, Meredith Crowley, and Huasheng Song)

“Dominant Currency Dynamics: Evidence on Dollar-invoicing from UK Exporters”
(with Meredith Crowley and Minkyu Son)