He is a macroeconomist who specializes in examining the linkages between the health care market and the macroeconomy, and the Chinese economy. Professor Zhao has published in a number of leading peer-reviewed journals in economics, including the Journal of Monetary Economics, Review of Economic Dynamics, and European Economic Review. He has taught at the University of Western Ontario in Canada, and was a visiting scholar at the Federal Reserve Bank of Atlanta and the Federal Reserve Bank of St. Louis.