With Manuscript
[16] Monetary Policy and Firm Heterogeneity: The Role of Leverage Since the Financial Crisis, with Aeimit Lakdawala, Timothy Moreland
[15] Incomplete Information and Irreversible Investment, with Jonathan Adams, Cheng Chen, Takahiro Hattori, Eugenio Rojas
[14] The Economics of Pollution Abatement Over the Life Cycle of Firms, with Hui-Jun Chen, Po-Hsuan Hsu, Chi-Yang Tsou
[13] The Inventory Decelerator for Monetary Policy, with Chengyuan He, Wentao Zhou
[12] Debt Covenants as Macroeconomic Stabilizers, with Wentao Zhou
[11] Financing Innovation with Innovation: Patent as Collateral in China, with Zhiyuan Chen, Minjie Deng, Yunzhou Shang
[10] Innovative Human Capital and Stock Returns: A Global Perspective, with Po-Hsuan Hsu, Hanni Jie, Yan Xu
[09] Do Firms Care About Monetary Policy Uncertainty? Evidence from Earnings Calls, with Qing Li and Timothy Moreland
Under Revision
[08] Lumpy Investment, Fluctuations in Volatility, and Monetary Policy, with Wentao Zhou
Review of Economic Studies, Reject & Resubmit
[07] Short-term Finance, Long-term Effects, with Kenza Benhima, Omar Chafik, and Wenxia Tang
Journal of Political Economics Macroeconomics, Revise & Resubmit
Publications
[06] Sex and the City: Demographics, Spatial Sorting, and the Marriage Market
with Zibin Huang, Yushi Wang, Yu Yang | links: [to appear soon]
International Economic Review, Conditionally Accepted
[05] Place-based Land Policy and Spatial Misallocation: Theory and Evidence from China
with Libin Han, Zibin Huang, Ming Lu, Li Zhang | links: [doi] [ssrn] [slides] [codes] [note]
International Economic Review, Forthcoming
[04] The Rise of AI Pricing: Trends, Driving Forces, and Implications for Firm Performance
with Jonathan Adams, Zheng Liu, Yajie Wang | links: [doi] [ssrn] [slides]
Journal of Monetary Economics, January 2026, Volume 157: 103875
[03] A Note on Nonconvex Adjustment Costs in Lumpy Investment Models: Mean versus Variance
solo author | links: [doi] [ssrn] [slides] [codes]
Macroeconomic Dynamics, June 2023, Volume 27, Issue 4, pp.1166-1177
[02] Migration, Housing Constraints, and Inequality: A Quantitative Analysis of China
with Zibin Huang | links: [doi] [ssrn] [slides]
Labour Economics, October 2022, Volume 78: 102200
[01] Debt Maturity Heterogeneity and Investment Responses to Monetary Policy
with Minjie Deng | links: [doi] [ssrn] [slides] [codes]
European Economic Review, May 2022, Volume 144: 104095