Dr. Yong Bao is an Associate Professor of Economics in the Krannert School of Management at Purdue University, USA. (Currently he is on leave with Purdue and is a Professor of Economics at the University of Macau.) He received his BA in economics (with honor) from the University of International Business and Economics in 1998. During 1999-2004 he studied at the University of California, Riverside (UCR) and received his PhD in economics in 2004. His dissertation won the Graduate Research Award, the highest recognition of outstanding PhD dissertations at UCR. After graduation, Dr. Bao taught at the University of Texas at San Antonio (2004-2006) and Temple University (2007-2008) and joined Purdue University in 2008. His main research and teaching interests are in econometrics, empirical finance, and macroeconomics. Dr. Bao has published more than thirty research articles in leading economics journals. He has presented in many international conferences and given seminar talks at various institutions.