Research
With Manuscript
10. Financial Frictions and Pollution Abatement Over the Life Cycle of Firms
with Po-Hsuan Hsu and Chi-Yang Tsou | The FinReg Blog
revising/updates soon
09. Debt Dilution, Debt Covenants, and Macroeconomic Fluctuations
with Wentao Zhou
revising/updates soon
08. Short-term Finance, Long-term Effects
with Kenza Benhima, Omar Chafik, and Wenxia Tang
updated on 2024/04
07. Financing Innovation with Innovation: A Quantitative Analysis of Patent Collateral in China
with Zhiyuan Chen and Minjie Deng
updated on 2024/04
06. Place-based Land Policy and Firm Productivity: Evidence from China’s Eastern-Inland Regional Border
with Libin Han, Zibin Huang, Ming Lu, and Li Zhang | Supplementary to FHHLZ'22
updated on 2024/03
Under Revision
05. Place-based Land Policy and Spatial Misallocation: Theory and Evidence from China
with Libin Han, Zibin Huang, Ming Lu, and Li Zhang | Appendix | FHHLZ'24 | VoxChina
reject/resubmitted to International Economic Review
04. Lumpy Investment, Fluctuations in Volatility and Monetary Policy
Sole Author (Job Market Paper@Rochester)
reject/revise at Review of Economic Studies
Publications
03. A Note on Nonconvex Adjustment Costs in Lumpy Investment Models: Mean versus Variance
Sole Author | Links: [doi] [working paper] [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] [working paper] [slides] [online appendix]
Labour Economics, October 2022, Volume 78: 102200
01. Debt Maturity Heterogeneity and Investment Responses to Monetary Policy
with Minjie Deng | Links: [doi] [working paper] [slides] [codes] [online appendix]
European Economic Review, May 2022, Volume 144: 104095
In Progress
06. Incomplete Information and Investment Inaction
with Jonathan Adams, Cheng Chen, Takahiro Hattori, and Eugenio Rojas
05. The Rise of AI Pricing and the Macroeconomic Implications
with Zheng Liu and Yajie Wang
04. Development Zones in Space: Theory and Evidence from China
with Binkai Chen, Zibin Huang, Ming Lu, Christopher Timmins, and Kuanhu Xiang
03. What Do Alibaba Data Tell Us about Inflation and Quality Growth in China?
with Mark Bils, Zibin Huang, and Ming Lu
02. Unequal Debt Crisis: Sovereign Default Risk and (Wealth) Inequality
with Minjie Deng, Philipp Renner, and Simon Scheidegger
01. Conglomerate Market Power
with Xiaomei Sui
Media Coverage
02. Financial Frictions and Policy Uncertainty Matter for Pollution Abatement Investment
The FinReg Blog: By the Duke Financial Economics Center, April 2023
01. Does China’s Place-Based Land Policy Lead to Spatial Misallocation?
VoxChina: A Bridge on Economic Issues between China and the World, November 2021
Discussions
07. "Local Leaders’ Hometown Connections and Spatial Development" by Xiangyu Shi
2023/10 | The 17th Urban Economics Association (Toronto)
06. "Too Levered for Pigou" by Robin Dottling and Magdalena Rola-Janicka
2023/07 | The 2023 China International Conference in Finance (Shanghai)
05. "Endogenous Economic Structure, Climate Change, and the Optimal Abatement Path" by H. Liao and H. Ye
2023/01 | The 2023 ASSA Annual Meetings (New Orleans)
04. "Collateral Quality and House Prices" by Jing Zhou
2022/06 | The 4th China International Conference in Macroeconomics (Shenzhen)
03. "The Real Estate Consequences of Repatriations" by Gustavo Cortes and Vinicios Sant’Anna
2021/04 | The 10th European Meeting of the Urban Economics Association (Copenhagen)
02. "College Location and Migration" by Shu Cai, Xiaozhou Ding, and Rui Du
2021/01 | The 2021 ASSA Annual Meetings (Chicago)
2020/08 | The 2020 Young Economist Symposium (UPenn)