Assistant Professor of Finance @UCLA | Banking, IO, household finance, financial regulation

Joined January 2021
3 Photos and videos
Erica Xuewei Jiang retweeted
For researchers interested in U.S. banking and finance, we are sharing a new data resource! It contains information on bank balance sheets, bank runs, and bank failures from the 19th century to the present:
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Erica Xuewei Jiang retweeted
To incentivize making your paper submission to Human x AI Finance as good as possible using AI, we will now also offer a best paper prize of $1,000 for the paper which, according to the AI reviewers, was the best submission! humanxaifinance.org/ Submit by March 18th!
What happens when we encourage AI use for research and use AI to review papers? We are running an experiment to find out: the UCLA Human × AI Finance conference! Write a finance paper with AI in 4 weeks (by 3/18). AI agents review the submissions: humanxaifinance.org/ 🧵 1/
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Erica Xuewei Jiang retweeted
What happens when we use AI for research and the reviewing? Let's find out. Enter Human × AI Finance: write a finance paper with AI in 4 weeks. Every submission reviewed by AI agents. Top 4 presented at @uclaanderson. Everyone can submit. Deadline 3/18: humanxaifinance.org
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Erica Xuewei Jiang retweeted
"Causation does not imply variation." A lovely saying coined by Tyler Muir with applications to price pressure in stocks and the causality revolution in applied micro. Just because x causes y does not mean most variation in y is caused by x. grumpy-economist.com/p/causa…
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Erica Xuewei Jiang retweeted
20 Aug 2025
We analyze these issues in this paper with @BaiyunJ and @EXjiang! DM me or see my website for the full paper!
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Erica Xuewei Jiang retweeted
20 Aug 2025
You might think a property tax is a simple thing: the government takes 2% of your house. You would be wrong! The govt takes 2% of your house every year. Adding up, around 25% of the present value of US houses is collected in taxes! This number ranges from 0 to 75% across places
Hi. We need to completely abolish property taxes. It forces us to pay “rent” to the government on property that we own, but if we don’t pay property taxes, the property that we own gets taken away from us. That should never happen in a free country. Secondly, health insurance is a giant scam that has become completely unaffordable. And it doesn’t make any sense and I don’t know anyone, and I mean anyone, that supports the current healthcare system in the United States. These are American Only issues and such significant problems that we should be addressing them the same way we would if our house was on fire. America Only!!!!!
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Erica Xuewei Jiang retweeted
Good reading! My @StanfordGSB colleague @AmitSeru wrote a great Op-Ed in the @WSJ on stablecoins and the new Genius Act. A timely piece on a topic with growing relevance and one we’ll be discussing in our personal finance course. Check out the article here: wsj.com/opinion/can-markets-…
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Erica Xuewei Jiang retweeted
22 Apr 2025
Just posted a revision of my paper with @EXjiang and @BaiyunJ ! Take a look if you're interested in how Black-Scholes, Modigliani-Miller, and Holmstrom apply to... property taxes!
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Erica Xuewei Jiang retweeted
rodneywhitecenter.wharton.up… Luke Taylor, Stephen Terry, and I are doing it again. This will be the 5th structural summer school in finance. We do not just teach papers. We teach techniques, and then we have students work on a problem set. Please get your students to apply.
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Erica Xuewei Jiang retweeted
19 Jan 2025
Replying to @BaiyunJ @EXjiang
Our result is in this picture. Property taxes essentially divide the untaxed house into two financial assets. The taxed house (white bars), which belongs to the owner, and the property taxes (blue), which go to the govt
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Erica Xuewei Jiang retweeted
Overjoyed that @tylersmuir won the Fisher Black prize. I have been so lucky to have worked with Tyler and learned so much from him. Congratulations !!!’
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Erica Xuewei Jiang retweeted
Call for papers: AI in Finance Conference! Submission deadline February 1, 2025 Following successful inaugural conference on AI in Finance in 2024, excited to host next conference on June 10, 2025 at the University of Maryland's Smith School of Business sites.google.com/view/ai-fin…
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Erica Xuewei Jiang retweeted
I am looking forward to this event. hoover.org/events/getting-gl…
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Erica Xuewei Jiang retweeted
7 Apr 2024
Capital regulation could address run risk by encouraging capital raising, but its effectiveness depends on the regulatory capital definitions and can be eroded by the use of held-to-maturity accounting, from Granja, @EXjiang, Matvos, Piskorski, and Seru nber.org/papers/w32293
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Erica Xuewei Jiang retweeted
Call for Papers:  Columbia & RFS AI in Finance Conference! The conference features optional dual submission to RFS. Submission deadline: April 7, 2024. I am organizing this with @AnsgarWalther. RFS sponsoring editors: Itay Goldstein, Tarun Ramadorai. sites.google.com/view/ai-fin…
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Erica Xuewei Jiang retweeted
If you are into fintech, come to our #ASSA #AFA session today at 2.30 pm at Marriott Watercenter, Grand Ballroom Salon I. Thanks Nadya Malenko for organizing and discussants @pbeaum, @EXjiang, Deeksha Gupta, Emily Williams for taking the time to provide feedback on papers!
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RT @BPellegrino_CBS: If you're attending #ASSA2024 #AFA2024 in San Antonio, join @EXjiang @SimoneLenzu R.Clark @kairong_xiao R-Kim A.McKay…
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Erica Xuewei Jiang retweeted
24 Dec 2023
A framework to analyze the effects of credit risk on the solvency of US banks in the rising interest rate environment, from @EXjiang, Gregor Matvos, Tomasz Piskorski, and Amit Seru nber.org/papers/w31970
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Erica Xuewei Jiang retweeted
We finally finished revising our paper on technology and labor displacement. Like the ship of Theseus, most of the paper has changed dramatically, yet the core message remains the same.
14 Nov 2023
Labor-saving technologies predict earnings declines and higher likelihood of job loss for all workers while labor-augmenting technologies primarily predict losses for older or highly paid workers, from Kogan, @DimitrisPapan20, Schmidt, and Seegmiller nber.org/papers/w31846
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Erica Xuewei Jiang retweeted
This year’s economic sciences laureate Claudia Goldin showed that female participation in the labour market did not have an upward trend over a 200 year period, but instead forms a U-shaped curve. The participation of married women decreased with the transition from an agrarian to an industrial society in the early nineteenth century, but then started to increase with the growth of the service sector in the early twentieth century. Goldin explained this pattern as the result of structural change and evolving social norms regarding women’s responsibilities for home and family. #NobelPrize
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