avater1
Ph.D. Candidate in Finance
Yale School of Management
Email: daojing.zhai@yale.edu
Welcome! I am a PhD Candidate in Finance at Yale SOM. My research interest lies in macro-finance, asset pricing and corporate finance. I am currently studying how government debt supply and unconventional monetary policy influence asset prices and broader corporate decisions.

I am on the 2025-2026 job market.

Reference: Alp Simsek (Chair), Paul Fontanier, Stefano Giglio, Song Ma, Kelly Shue


Job Market Paper

[1] “When Treasuries Crowd the Debt Market: Treasury Market Inelasticity and the Basis Trade”


Working Paper

[2] “How Do Quantitative Easing and Tightening Affect Firms?”
with Egemen Eren and Denis Gorea, August 2025   [BIS Working Paper]

[3] “The Expansion and Dynamic Equilibrium Effects of Institutional Landlords”
with Zhichun Wang, October 2025