Donghai Zhang
I am an Assistant Professor of Economics at the National University of Singapore. I study how firms’ information, pricing, investment, and innovation decisions shape business cycles, the effects of monetary policy, and the green transition.
My work has been published in the Journal of Monetary Economics, the Journal of the European Economic Association, The Economic Journal, and the Journal of Economic Theory. My research has been supported by Singapore’s Ministry of Education through an AcRF Tier 2 grant and a Social Science Research Thematic Grant, and by the German Research Foundation (DFG).
I received my Ph.D. in Economics from Universitat Pompeu Fabra in 2018 and was an assistant professor at the University of Bonn from 2018 to 2023.

News
New working paper: Heterogeneous Firms, Rational Inattention, and Monetary Policy
with · October 2026
New working paper: Exchange-Rate Limit Cycles: A New Forecasting Benchmark
with · October 2026
Updated working paper: Innovation, Business Cycles, and the Climate Transition
with · September 2026
Call for papers: 14th ABFER Annual Conference
The International Macroeconomics, Money & Banking program welcomes submissions across all areas of macroeconomics, especially research relevant to Asia. The conference will take place on 24–27 May 2027 in Singapore. Submission deadline: 15 January 2027.