WORKING PAPERS
SOE Inspections and Corporate Policies in China, 2025, with Vincenzo Quadrini, Qi Sun and Junjie Xia. (2025 CICF Best Paper)
Corporate Financing and Endogenous Dispersion and Volatility in Stock Returns, 2025, with Junjie Xia.Â
Banking in Production Networks: Evidence and Theory from Supply Chain Finance, 2024, with Dongmei Guo, Juejie Xia and Changhua Yu.
Sterilized Intervention, Bank Credit, and Chinese Monetary Policy, 2025, with Jie Li. (Submitted)
PUBLICATIONS
Dynamics of Trade Credit in China, 2022, with Vincenzo Quadrini, Qi Sun and Junjie Xia, Economic Journal, Volume 132, Issue 648.
Endogenous Lemons Market and Information Cycles, 2022, Journal of Economic Dynamics and Control, Volume 141.
A Spatiotemporal Equilibrium Model of Migration and Housing Interlinkages, 2022, with M. Hashem Pesaran, Journal of Housing Economics, Volume 57. [Data and Codes].
WORK IN PROGRESS
Contractionary Effects of Central Bank Asset Purchases: The Other Side of QE