Working Papers
Lumpy Investment, Fluctuations in Volatility and Monetary Policy
Oct 2021 | Job Market Paper | Reject and Resubmit at Review of Economic Studies
Financing Innovation with Innovation
Feb 2023 | with Zhiyuan Chen and Minjie Deng
Short-term Finance, Long-term Effects: Theory and Evidence from Morocco
Jan 2023 | with Kenza Benhima, Omar Chafik, and Wenxia Tang
Place-based Land Policy and Spatial Misallocation: Theory and Evidence from China
Aug 2022 | with Libin Han, Zibin Huang, Ming Lu, and Li Zhang
Pollution Abatement Investment under Financial Frictions and Policy Uncertainty
Jan 2023 | with Po-Hsuan Hsu and Chi-Yang Tsou | Available Upon Request
Publications
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
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
A Note on Nonconvex Adjustment Costs in Lumpy Investment Models: Mean versus Variance
Sole Author | Links: [doi] [working paper] [codes]
Macroeconomic Dynamics, March 2022, Published online, PP.1-12
Work in Progress
What Do Alibaba Data Tell Us about Price and Quality in China?
with Mark Bils, Zibin Huang, and Ming Lu
Sovereign Default Risk and (Wealth) Inequality
with Minjie Deng, Philipp Renner, and Simon Scheidegger
Conglomerate Market Power
with Xiaomei Sui
Discussions
Discussion of “Endogenous Economic Structure, Climate Change, and the Optimal Abatement Path” by H. Liao and H. Ye
Jan 2023 | The 2023 ASSA Annual Meetings (New Orleans)
Discussion of “Collateral Quality and House Prices” by Jing Zhou
Jun 2022 | The 4th China International Conference in Macroeconomics (Shenzhen)
Discussion of “The Real Estate Consequences of Repatriations” by Gustavo Cortes and Vinicios Sant’Anna
Apr 2021 | The 10th European Meeting of the Urban Economics Association (Copenhagen)
Discussion of “College Location and Migration” by Shu Cai, Xiaozhou Ding, and Rui Du
Jan 2021 | The 2021 ASSA Annual Meetings (Chicago)
Discussion of “Entrepreneurship, Financial Frictions, and the Market for Firms” by Rafael Guntin and Federico Kochen
Aug 2020 | The 2020 Young Economist Symposium (UPenn)
Media Coverage
Does China’s Place-Based Land Policy Lead to Spatial Misallocation? [VoxChina Nov 2021]