Under Review or Revision
Managing Financial Crises (previously Optimal Time-consistent Macroprudential Policy in Small Open Economies, with G. Benigno, E. Young, and A. Zaretski), submitted.
Banking on Technology: Bank Technology Adoption and Its Effects (with Sheila Jiang and Gang Zhang), Revise and Resubmit, Management Science.
A Nascent International Financial Channel of China’s Monetary Policy Transmission (previously China’s Increasing Global Financial Impact (with C. Ma and S. Zhou), submitted.
Financial Looting and Controls on Resident Outflows (with Bo Li and Hui Tong), submitted.
Work in Progress and Working Papers
Long-run UIP and Sovereign Risk (with S. Yagmur Toraman and G. Valente), manuscript.
The Great Depression and the Great Recession: A Quantitative Comparison (with A. Foerster, S. Noh, and C. Otrok).
Bank Regulation, Cost of Intermediation, and Productivity (with Gianni De Nicolo’, Andrea Presbitero, and Gang Zhang), previously circulated as “Technology Adoption, Market Structure, and the Cost of Bank Intermediation.
Permanent Working Papers
COVID-19 Impact on the Financial Stability of Hospitals (with Ge Bai, Phil Phan, Luis Quintero, and Xian Sun), Revise and Resubmit, Journal of Finacial Stability.
Monetary and Macro-Prudential Policies: An Integrated Analysis (with G. Benigno, H. Chen, C. Otrok, and E. R. Young), paper prepared for the 2011 IMF ARC Conference.
Oil Price Dynamics and External Portfolio Adjustment (with M. Devereux and A. Sutherland), manuscript.
Monetary Rules for Emerging Market Economies (with Fabio Ghironi), Working Paper, 2002.