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About
Hi! I am Xu Lu. I enjoy working with large-scale observational data to uncover the key incentives and constraints behind financial decisions and to analyze their implications for banking and asset pricing.
I am an assistant professor of finance and business economics at the University of Washington. I received my PhD in Finance from Stanford GSB in 2023 and bachelor’s degrees in economics, finance, and mathematics from Tsinghua University in 2017.
Curriculum vitae (updated: Oct 2025).​​
Work
Working Papers ​
Monetary Transmission and Portfolio Rebalancing: A Cross-Sectional Approach, with Lingxuan Wu.
Updated: Feb 2026
Revise and Resubmit, Journal of Financial Economics
Banking on Inattention, with Lingxuan Wu.
Updated: Dec 2025; VoxEU article: "Banking on inattention: When deposits hedge or amplify interest rate risk".
Supported by the NBER Financial Frictions and Market Risk Initiative, and AWS Cloud Credit for Research.
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Tracing the Impact of Payment Convenience on Deposits: Evidence from Depositor Activeness, with Yang Song, and Yao Zeng.
Updated: Sep 2025; Knowledge at Wharton article: "How bank depositors are becoming more alert".
The Dynamics of Deposit Flightiness and its Impact on Financial Stability, with Kristian Blickle, Jane Li, and Yiming Ma.
Updated: Aug 2025; Liberty Street Economics article: "The rise in deposit flightiness and its implications for financial stability​".
The Political Economy of China's Housing Boom, with Adam Zhang.
Updated: Mar 2023
Accepted Papers
Remeasuring Scale in Active Management, with Shiyang Huang, Yang Song, and Hong Xiang.
Updated: May 2025​
Accepted, Review of Financial Studies
Teaching
Teach
Finance 423: Banking and the Financial System, Winter 2024
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