Debt Dynamics and the Macroeconomy
Debt Covenants as Macroeconomic Stabilizers
with Wentao Zhou
Revising/Updates Soon
Call Back or Buy Back? A Liquidity Theory of Callable Bonds
with Murillo Campello, Min Fang, Chi-Yang Tsou
Work-In-Progress
Monetary Policy and Firm Heterogeneity: The Role of Leverage Since the Financial Crisis
with Aeimit Lakdawala and Timothy Moreland
Management Science, Revise and Resubmit (2nd Round)
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
Investment Frictions and the Macroeconomy
Incomplete Information and Investment Inaction
with Jonathan Adams, Cheng Chen, Eugenio Rojas, and Takahiro Hattori
Revising/Updates Soon
Lumpy Investment, Fluctuations in Volatility and Monetary Policy
sole author (Job Market Paper@Rochester)
Review of Economic Studies, Reject and Resubmit (1st Round)
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
Financial Frictions, Firm Growth, and the Macroeconomy
Financial Frictions and Pollution Abatement Over the Life Cycle of Firms
with Po-Hsuan Hsu and Chi-Yang Tsou
Revising/Updates Soon
Financing Innovation with Innovation: A Quantitative Analysis of Patent Collateral in China
with Zhiyuan Chen, Minjie Deng, and Yunzhou Shang
Revising/Updates Soon
Short-term Finance, Long-term Effects
with Kenza Benhima, Omar Chafik, and Wenxia Tang
Journal of Political Economy Macroeconomics, Revise and Resubmit