Han Xu | BFI - Becker Friedman Institute

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Han Xu is a Predoctoral Research Professional on MFR director Lars Peter Hansen’s research team, assisting with topics including climate economics, macro finance and asset pricing. Han became interested in macroeconomics and asset pricing after his gap-year internship at Merrill Lynch assisting industry macroeconomists to study short-term economic fluctuations. Han graduated from the Chinese University of Hong Kong, where he majored in Finance and minored in Math.

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  • About
        • About the Becker Friedman Institute The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
        • Our Legacy Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.
        • Pre-Doctoral Research Professionals The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
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        • The Macroeconomic Effects of Neighborhood Policies: a Dynamic Analysis Alessandra Fogli, Veronica Guerrieri, Mark Ponder, and Marta Prato

          We study the macroeconomic effects of neighborhood-specific policies in a general equilibrium model of a city with endogenous residential sorting and educational investment. A key feature of the model is the presence of endogenous local spillovers that depend on the...

          Managers and the Cultural Transmission of Gender Norms Virginia Minni, Kieu-Trang Nguyen, Heather Sarsons, and Carla Srebot

          This paper studies how managers’ gender attitudes shape workplace culture and gender inequality. Using data from a multinational firm operating in over 100 countries, we leverage cross-country manager rotations to identify the effects of male managers’ gender attitudes on gender...

          Diversionary Escalation: Theory and Evidence from Eastern Ukraine Natalie Ayers, Christopher W. Blair, Joseph J. Ruggiero, Austin L. Wright, and Konstantin Sonin

          When leaders face threats to their authority, escalating foreign conflict can help divert public attention away from domestic grievances. We develop a formal microfoundation for diversionary escalation rooted in a theory of regime change. Although the idea of diversionary escalation...

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  • Insights
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          FinTech Firms Spend Much More on Sales and Marketing Than Traditional Financial FirmsAfrica as a Success Story: Political Organization in Pre-Colonial AfricaThe Incidence of Tariffs: Rates and Reality
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        • BFI Data Studio

          Unlocking the Power of Markets as a New Tool for Regulating PollutionExplore Historical Manufacturing DataThe Hidden Volatility of American Workers’ Paychecks
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        • Podcasts

          Who Really Paid for the Tariffs? Brent Neiman on Liberation Day’s Economic AftermathVenezuela After Maduro: What Comes Next?Why Banks Exist and Why They Fail: Douglas Diamond on Runs, Regulation, and the Risks of Short-Term Debt
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          BFI Youtube Channel external Captivating and informative videos on the latest insights and trends as well as the tested stock of knowledge in economics from leaders in academia, policy, business, and the media.
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          Feb 9

          Winter 2026 Behavioral Economics Seminar Series

          Feb 12

          BFI Student Lunch Series – Tariff Wars! What are the Rates? Who Pays? What’s Next?

          Feb 23

          Winter 2026 Behavioral Economics Seminar Series

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