Working Papers:
Financing Multinationals (with Jingting Fan) [Online Appendix] (New!)
Trade and Technology Compatibility in General Equilibrium (with Weili Chen and Jingting Fan) (New!) [Slides]
The Consumer Credit Channel of Monetary Policy (New version coming soon) [JMP version]
Real Exchange Rate Dynamics Beyond Business Cycles (with Dan Cao and Martin Evans)
Work in Progress:
Publications:
Optimal Income Taxation: An Urban Economics Perspective (with Mark Huggett)
Review of Economic Dynamics, forthcoming
[PDF (with Online Appendix)]
Global DSGE Models (with Dan Cao and Guangyu Nie)
Review of Economic Dynamics, forthcoming
[SSRN (with Online Appendix)] [Website] [Lecture slides] [Github]
Uncovering the Effects of the Zero Lower Bound with An Endogenous Financial Wedge (with Dan Cao and Guangyu Nie)
American Economic Journal: Macroeconomics (January 2023), Vol 15, No. 1, 135-72
[SSRN (with Online Appendix)] [Replication Package]
Valuing Domestic Transport Infrastructure: A View from the Route Choice of Exporters (with Jingting Fan and Yi Lu)
Review of Economics and Statistics (November 2023), Vol. 105, Issue 6, 1562–1579
[SSRN (with Online Appendix)] [Slides]
-Short Note: A Tractable Model of Transshipment (with Jingting Fan)
Model implied sectoral trade flows between Chinese cities: city_bilateral_trade.zip
IV for city-sector export growth using variation from expressway expansion: city_exports.zip
Taxing Top Earners: A Human Capital Perspective (with Alejandro Badel and Mark Huggett)
The Economic Journal (July 2020), Vol 130, Issue 629, 1200-1225
[Data and Figures] [Replication Package]
The Forward Fiscal Guidance Puzzle and a Resolution (with Matthew Canzoneri, Dan Cao, Robert Cumby, and Behzad Diba)
Journal of Economic Dynamics and Control (April 2018), Vol. 89, 26-46, Special Issue on Fiscal and Monetary Policies
[SSRN (with Online Appendix)]
Persistent Heterogeneous Returns and Top End Wealth Inequality (with Dan Cao)
Review of Economic Dynamics (October 2017), Vol. 26, 301-326
[SSRN (with Online Appendix)] [Replication Package]
Financing Multinationals (with Jingting Fan) [Online Appendix] (New!)
Trade and Technology Compatibility in General Equilibrium (with Weili Chen and Jingting Fan) (New!) [Slides]
The Consumer Credit Channel of Monetary Policy (New version coming soon) [JMP version]
Real Exchange Rate Dynamics Beyond Business Cycles (with Dan Cao and Martin Evans)
Work in Progress:
Publications:
Optimal Income Taxation: An Urban Economics Perspective (with Mark Huggett)
Review of Economic Dynamics, forthcoming
[PDF (with Online Appendix)]
Global DSGE Models (with Dan Cao and Guangyu Nie)
Review of Economic Dynamics, forthcoming
[SSRN (with Online Appendix)] [Website] [Lecture slides] [Github]
Uncovering the Effects of the Zero Lower Bound with An Endogenous Financial Wedge (with Dan Cao and Guangyu Nie)
American Economic Journal: Macroeconomics (January 2023), Vol 15, No. 1, 135-72
[SSRN (with Online Appendix)] [Replication Package]
Valuing Domestic Transport Infrastructure: A View from the Route Choice of Exporters (with Jingting Fan and Yi Lu)
Review of Economics and Statistics (November 2023), Vol. 105, Issue 6, 1562–1579
[SSRN (with Online Appendix)] [Slides]
-Short Note: A Tractable Model of Transshipment (with Jingting Fan)
Model implied sectoral trade flows between Chinese cities: city_bilateral_trade.zip
IV for city-sector export growth using variation from expressway expansion: city_exports.zip
Taxing Top Earners: A Human Capital Perspective (with Alejandro Badel and Mark Huggett)
The Economic Journal (July 2020), Vol 130, Issue 629, 1200-1225
[Data and Figures] [Replication Package]
The Forward Fiscal Guidance Puzzle and a Resolution (with Matthew Canzoneri, Dan Cao, Robert Cumby, and Behzad Diba)
Journal of Economic Dynamics and Control (April 2018), Vol. 89, 26-46, Special Issue on Fiscal and Monetary Policies
[SSRN (with Online Appendix)]
Persistent Heterogeneous Returns and Top End Wealth Inequality (with Dan Cao)
Review of Economic Dynamics (October 2017), Vol. 26, 301-326
[SSRN (with Online Appendix)] [Replication Package]