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Wu, Jyh-Lin

886-5-2720411 ext. 34108

International Finance(Ⅲ)









Tamkang University


Department of International Trade




National Chengchi University






Ohio State University











National Sun Yat-sen University

College of Social Sciences




National Chung Cheng University

College of Management




National Chung Cheng University


bureau chief



National Chung Cheng University


Associate Professor



Executive Yuan

Accounting and Statistics

section member



International Finance



A. Publications

  1. Greenaway-McGrevy, R., Mark, N., Sul, D., and Wu, J.L. (2016) “Identifying Exchange Rate Common Factors,” International Economic Review, Accepted
  2. Bergin, P., G. Reuven and J.-L. Wu (2017) “Conditional PPP and Real Exchange Rate Convergence in the Euro Area,” Journal of International Money and Finance 73, 78-92.
  3. Wu, J.-W., J.-L. Wu (2017) “Does the Launch of the Euro Hinder the Current Account Adjustment of the Eurozone?” The title in the previous version is “The Friedman Hypothesis Revisited: Evidence from Eurozone countries,” Economic Inquiry (Accepted).
  4. Wang, Y.-C., J.-L. Wu,  and Y.-H. Lai, (2017) “New Evidence on   Asymmetric Return-Volume Dependence and Extreme Movements,” Journal of Empirical Finance (Accepted). [SSCI]
  5. Choi, C.Y., Murphy, A. and J.-L. Wu, (2017) “Segmentation of Consumer Markets in a Currency Union: What Do the U.S. Retail Prices Tell Us?” Canadian Journal of Economics 50, 738-777.
  6. Lee, C. N., Wu, J. L. and Yang, L. X. (2016) “A Simple Panel Unit-Root Test with Smooth Breaks in the Presence of a Multifactor Error Structure,“Oxford Bulletin of Economics and Statistics 78, 365-393, [SSCI],
  7. Chou, Yu-Hsi and Wu, Jyh-Lin. (2015) “Taylor Principle in the Long Run: An Empirical Perspective,” Contemporary Economic Policy 33, 66-86. [SSCI]
  8. Wang, Yi-Chiuan, and Wu, Jyh-Lin (2015) “Fundamentals and Exchange Rate Prediction Revisited” Journal of Money, Credit and Banking 47, 1651-1671. [SSCI ]
  9. Bergin, Paul. Glick Reuven and Jyh-Lin Wu (2014) “The Mussa Redux and Conditional PPP”, Journal of Monetary Economics, 68, 101-114. [SSCI]
  10. 吳若瑋,吳致寧 (2013) “台灣利率法則之估計—即時資料 vs. 修正資料”, 經濟論文,42,31-78. [SSCI]
  11. Wang, Y.C., J.L. Wu and Y.H. Lai (2013) “A Revisit to the Dependence Structure between Stock and Foreign Exchange Markets: A Dependence-Switching Copula Approach,” Journal of Banking and Finance, 37( 5), 1706-1719.
  12. Wu, J.L. and Wang, Y.C. (2013) "Fundamentals, Forecast Combinations and Nominal Exchange-Rate Predictability" International Review of Economics and Finance, 25, 129-145. [SSCI]
  13. Bergin, P. Reuven, G. and Wu, J.L. (2013) “The Micro-Macro Disconnect of Purchasing Power Parity”, Review of Economics and Statistics, 95(3), 798-812. [SSCI]
  14. Chen, Nan-Kwang, Yu-Hsi Chou, and Jyh-Lin Wu (2013) "Credit Constraint and the Asymmetric Monetary Policy Effect on House Prices" Pacific Economic Review, 18(4), 431-455. [SSCI]
  15. Wu, Jyh-Lin and Yu-Hau Hu (2012) “Price-Dividend Ratios and Stock Price Predictability” Journal of Forecasting, 31(5), 423-442. [SSCI, JEL]
  16. 吳致寧,黃惠君,汪建南,吳若瑋 (2012) “再探台灣匯率制度” 經濟論文叢刊,40卷第2期,261-288 [TSSCI]
  17. 吳致寧、李慶男、張志揚、林依伶、陳佩玗、林雅淇 (2011) “再論台灣非線性利率法則” 經濟論文, 39卷第3期. [JEL;TSSCI].
  18. 丁千容、吳致寧(2011) “淨國外資產部位失衡與金融調整效果 ─ 台灣的實證研究" 經濟論文,39卷第2期. [TSSCI]
  19. Wu, J.L., Lee, C.N. and Wang, Z.W. (2011) “A Re-examination on Dissecting the Purchasing Power Parity Puzzle,” Journal of International Money and Finance 30, 572-586. [SSCI, JEL]
  20. Wu, Jyh-Lin, Yu-Hau Hu and Ching-nan Lee (2011) “Can Dividend yields Out-Predict UK’s Stock Return without Short Rates,” Manchester School 79, 1179-1196. [SSCI, JEL]
  21. Chen, S.L. and Wu, J.L. (2011) “Home Bias and the Persistence of Real Exchange Rates”, Economic Modeling 28, 55-59. [SSCI, JEL]
  22. Wu, Jyh-lin, Cheng, S.Y. and Ho, H. (2011) ”Further Evidence on Purchasing Power Parity and Country Characteristics,” International Review of Economics and Finance 20, 257-266. [SSCI, JEL]
  23. Wu, Jyh-Lin, Han Hou and Su-Yin Cheng (2010) “The Dynamic Impact of Financial Institutions on Economic Growth: Evidence from the European Union,” Journal of Macroeconomics 32,879-891. [SSCI, JEL]
  24. Lee, Hsiu-Yun. Jyh-Lin Wu and Joan-Hsiung Lin (2010) “Hysteresis in East Asian Unemployment “ Applied Economics (in press) [SSCI, JEL]
  25. Wu, Jyh-lin and Hsiu-Yun Lee (2009) “A Revisit to the Non-linear Mean Reversion of Real Exchange Rates: Evidence from a Series-specific Nonlinear Panel Unit-root Test,” Journal of Macroeconomic 31, 591-601 Accepted. [SSCI, JEL]
  26. Wu, Jyh-lin, Pei-Fen Chen and Ching-Nan Lee (2009) “Purchasing Power Parity, Productivity Differentials and Non-linearity,” The Manchester School 77, 271-287. [SSCI, JEL]
  27. Wu, Jyh-Lin and Yu-Hau Hu (2009) “New Evidence on Nominal Exchange Rate Predictability,” Journal of International Money and Finance 28, 1045-1063 [SSCI, JEL]
  28. Wu, Jyh-Lin and Chen-Chiang Lee (2008)“A Revisit to Non-linear Stationarity of Real Exchange Rates,” Applied Economic Letters,15, 155-159. (SSCI, JEL)
  29. 黃淑卿,吳致寧(2008)“驗證台灣毛豬價格之單一價格法則 “ ,第13卷,第2期 [TSSCI, JEL]
  30. Wu, Jyh-Lin and Pei-Fen Chen (2007) “A Revisit on Dissecting the PPP Puzzle : Evidence from A Nonlinear Approach” Economic Modeling, 25, 684-695 [SSCI, JEL].
  31. Wu, Jyh-Lin and Yu-Hau Hu (2007) “Currency Substitution and Non-Linear Error Correction in Taiwan's Demand for Broad Money,” Applied Economics 39,1635-1645 [SSCI, JEL].
  32. Wu, Jyh-Lin and Pei-Fen Chen (2006) “Price Indices and Non-linear Mean Reversion of Real Exchange Rates,” Southern Economic Journal, 73, 461-471 [SSCI, JEL].
  33. Chen, Show-Lin and Jyh-Lin Wu (2005) “Long-Run Money Demand Revisited: Evidence from a Nonlinear Approach,” Journal of International Money, and Finance 24, 19-37, [SSCI, JEL].
  34. Lee, Hsiu-Yun, Jyh-Lin Wu and Show-Lin Chen (2005) “A Theory Based, State-dependent Phillips Curve and its Estimation,” Economic Inquiry 43, 194-205, [SSCI, JEL].
  35. Lee, Hsiu-Yun and Jyh-lin Wu (2004) “Convergence of Interest Rates around the Pacific Rim ” Applied Economics 36, 1281-1288. [SSCI, JEL].
  36. Wu, Jyh-Lin, Show-Lin Chen and Li-Ju Tsai (2004) “Are Real Exchange Rates Nonstationary: The Pacific Basin Perspective,” Journal of Asian Economics 15, 425-436, [JEL][NSC91-2415-H-194-002].
  37. Chen, Show-Lin, Li-Ju Tsai and Jyh-Lin Wu (2004) “A revisit to liquidity effects––evidence from a non-linear approach ” Journal of Macroeconomics 26, 501-517, [SSCI, JEL].
  38. Wu, Jyh-Lin, Show-Lin Chen and Hsiu-Yun Lee (2003) “Sources of Inflation Uncertainty and Real Economic Activity,” Journal of Macroeconomics 25, 397-409. [SSCI, JEL] [NSC90-2415-H194-010]
  39. Lee, Hsiu-Yun, Kenneth Lin and Jyh-Lin Wu (2002) “Pitfalls in Using Granger Causality Tests to Find An Engine of Growth,” (with) Applied Economics Letters 9, 411-414. [SSCI, JEL]
  40. Lee, Hsiu-Yun, and Jyh-Lin Wu (2001) “Mean Reversion in Inflation Rates: Evidence from 13 OECD Countries,” Journal of Macroeconomics 23, 477-487. [SSCI, JEL]
  41. Wu, Jyh-Lin, Show-Lin Chen and Hsiu-Yun Lee (2001) “Are Current Account Deficits Sustainable?: Evidence from Panel Cointegration,” Economics Letters 72, 219-224. [SSCI, JEL]
  42. Wu, Jyh-Lin and Show-Lin Chen (2001) “Mean Reversion of Interest Rates in Eurocurrency Markets,” Oxford Bulletin of Economics and Statistics 63, 459-473. [SSCI, JEL]
  43. Wu, Jyh-Lin and Show-Lin Chen (2001) “Nominal exchange-Rate Prediction : Evidence from a Nonlinear Approach,” Journal of International Money and Finance 20, 521-532. [SSCI, JEL][NSC89-2415-H-194-004]
  44. Wu, Jyh-Lin and Show-Lin Chen (2001) “Real Exchange Rate Prediction Over Short Horizon,” Review of International Economics 9, 401-413. [JEL][NSC87-2415-H-194-002]
  45. Wu, Jyh-Lin and Shaowen Wu (2001) “Is Purchasing Power Parity Overvalued?” Journal of Money, Credit and Banking 33, 804-812. [SSCI, JEL]
  46. Chen, Show-Lin and Jyh-Lin Wu (2000) “A Re-examination of Purchasing Power Parity in Japan and Taiwan ,” Journal of Macroeconomics 22, 271-284. [SSCI, JEL]
  47. Wu, Jyh-Lin (2000) “Mean Reversion of the Current Account: Evidence from the Panel Data Unit-Root Test,” Economics Letters 66, 215-222. [SSCI, JEL]
  48. Wu, Jyh-Lin and Stiliano Fountas (2000) “Real Interest Rate Parity under Regime Shifts: Evidence for Industrial Countries,” Manchester School 68, 685-700. [SSCI, JEL]
  49. Wu, Jyh-Lin and Show-Lin Chen (1999) “Are Real Exchange Rates Stationary? Evidence from Pacific Basin Countries, International Journal of Finance and Economics, 4, 243-252. [SSCI, JEL]
  50. Wu, Jyh-Lin (1999) “A Re-examination of the Exchange Rate-Interest Differential Relationship: Evidence from Germany and Japan ,” Journal of International Money and Finance, 18, 319-336. [SSCI, JEL][NSC86-2415-H-194-002]
  51. Fountas, Stiliano and Jyh-Lin Wu (1999) “Testing for Real Interest Rate Convergence in European Countries,” Scottish Journal of Political Economy, 46, 158-174. [SSCI, JEL]
  52. Fountas, Stiliano and Jyh-Lin Wu (1999) The Relationship between Inflation and Wage Growth in the Irish Economy,“Applied Economics Letters 6, 317-321. [SSCI, JEL]
  53. Fountas, Stilianos and Jyh-Lin Wu (1999) “Are U.S. Current Accounts Stationary?” International Economic Journal 13, 51-58. [JEL]
  54. Wu, Jyh-Lin (1998) “Are Budget Deficits Too Large? The Evidence from Taiwan ,” Journal of Asian Economics 9, 519-528. [JEL]
  55. Wu, Jyh-Lin and Show-Lin Chen (1998) “A Re-Examination of Real Interest Rate Parity,” Canadian Journal of Economics 31, 837-851. [SSCI, JEL]
  56. Wu, Jyh-Lin and Show-Lin Chen (1998) “Foreign Exchange Market Efficiency Revisited,” Journal of International Money and Finance, 831-838. [SSCI, JEL]
  57. Wu, Jyh-Lin and Show-Lin Chen (1998) “Are Exchange Rate Excessively Volatile: Evidence from Five Pacific Basin Countries,” Taiwan Economic Review 26, 127-143. [JEL]
  58. Fountas, Stilianos and Jyh-Lin Wu (1998) “Tests for Interest Rate Convergence and Structural Breaks in the EMS ,” Applied Financial Economics 8, 127-132. [JEL]
  59. Wu, Jyh-Lin and Show-Lin Chen (1997) “Can Nominal Exchange Rate Be Differenced to Stationarity,” Economics Letters 55, 397-402. [SSCI, JEL]
  60. Wu, Jyh-Lin (1997) “Foreign Exchange Market Efficiency and Structural Instability: Evidence from Taiwan ,” Journal of Macroeconomics, 19, 591-607, [SSCI., JEL], [NSC85-2415-H-194-001]
  61. Chen, Show-Lin and Jyh-Lin Wu (1997) “Sources of Real Exchange-Rate Fluctuations: Empirical Evidence from Four Pacific Basin Countries,” Southern Economic Journal, 63, 776-787. [SSCI, JEL]
  62. Wu, Jyh-Lin, Stilianos Fountas and Show-Lin Chen (1996) “Testing for the Sustainability of the Current Account Deficit in Two Industrial Countries,” Economics Letters, 52, 193-198. [SSCI, JEL]
  63. Wu, Jyh-Lin (1996) “The Empirical Investiagation of Long-Run Purchasing Power Parity- The Case of Taiwan Exchange Rates, International Economic Journal 10, 59-69. [JEL]
  64. Fountas, Stilianos and Jyh-Lin Wu (1996) “Are the Greek Budget Deficits Too Large,” Applied Economics Letters, 3, 487-490. [SSCI, JEL]
  65. Fountas, Stiliano and Jyh-Lin Wu (1995) “Purchasing Power Parity and the Irish Experience: Unit Roots and Cointegration Tests for Two Industrial Countries,” Kredit und Kapital, 201-215. [JEL]
  66. Wu, Jyh-Lin (1995d) “Real Exchange Rates with Endogeneous Growth: A Parametric Example,” International Economic Journal, 9, 81-87. [JEL]
  67. 吳致寧 ( 1995c ) “台灣長期購買力平價說之實証研究”,開放總體經濟研討會論文集,中央研究院,台北。[NSC-84-2415-H194-003]. [TSSCI.JEL]
  68. 吳致寧 (1995b) “貨幣干擾、技術衝擊與景氣循環:台灣之實証研究”,經濟論文叢刊,第二十三輯,第二期,頁171-193。[NSC-82-0301-H-194-014]. [TSSCI.JEL]
  69. 吳致寧 ( 1995a ) “貨幣學派之匯率決定模型與匯率預測”,經濟論文,第二十三卷,第一期,頁159-187。[TSSCI.JEL]
  70. 吳致寧、陳秀淋(1995) “確定性或隨機性趨勢-台灣的實証研究”,經濟論文叢刊,第二十三輯,第二期,頁223-237。[TSSCI.JEL]
  71. Wu, Jyh-Lin ( 1994c ) “Government Spending and Movements of Real Exchange Rates: An Empirical Investigation,” International Economic Journal, 8, 43-56. [NSC80-0301-H-194-13]. [JEL]
  72. Wu, Jyh-Lin (1994b) “Fiscal Announcements and Real Exchange-Rate Dynamics,” Open Economies Review, 5, 177-94. [SSCI, JEL]
  73. 吳致寧 ( 1994a ) “匯率與單根:台灣之實証研究”,經濟論文,第二十二卷,第一期,頁101-133。[TSSCI.JEL]
  74. 吳致寧、王學謙 (1994) “政府支出與實質景氣循環:台灣之實証研究”,經濟論文,第二十二卷,第二期,頁175-209。[TSSCI.JEL]
  75. 吳致寧、金慶平(1994) “不確定性與匯率決定:台灣之實証研究”,經濟論文叢刊,第二十二卷,第四頁317-345。[TSSCI.JEL]
  76. 吳致寧、鄭舜勳(1993) “財政宣告、理性預期與經濟動態”,[合著者:],人文及社會科學集刊,第六卷,第一期,頁113-139。[TSSCI.JEL]
  77. 吳致寧、陳秀淋 (1993) “戰後台灣之實質景氣循環:動差配適”,經濟論文,第二十一卷,第二期,頁395-423。[TSSCI.JEL]
  78. Wu, Jyh-Lin (1992) “Government Spending and the Real Exchange Rate: Matching Moments,” Taiwan Economic Review, 20, 1-23. [JEL]
  79. Wu, Jyh-Lin (1991) “A Real Model of World Business Cycles: Comment,” Taiwan Economic Review, 19, 371-382. [JEL]


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