Research

Publications - Macroeconomics and International Finance

1. Sudden Stop with Local Currency Debt, with Siming Liu and Chang Ma. Journal of International Economics, Volume 148, March 2024, 103888.

2. Skilled Immigration, Firms, and Policy, with Mishita Mehra. Journal of International Economics, Volume 139, November 2022, 103662.

3. Fiscal Commitment and Sovereign Default Risk, with Siming Liu. [Replication Files] Review of Economic Dynamics, Volume 46, October 2022, Pages 98-123.

4. Financial Integration and the Correlation between International Debt and Equity Flows. Journal of International Money and Finance, Volume 122, April 2022, 102577.

5. Foreign Asset Accumulation among Emerging Economies: a Case for Coordination, with Hao Jin. [Replication Files]  Review of Economic Dynamics, Volume 35, January 2020, Pages 54-73.

Publications - Development

6. A spatial analysis of local corruption on foreign direct investment: Evidence from Chinese cities, with Yao-Yu Chih, Firat Demir, Chenghao Hu, and Junyi Liu. European Journal of Political Economy, Volume 79, September 2023, 102443.

7. Local Corruption, Total Factor Productivity and Firm Heterogeneity: Empirical Evidence from Chinese Manufacturing Firms, with Firat Demir, Chenghao Hu, and Junyi Liu. World Development, Volume 151, March 2022, 105770.

Working Papers and Work in Progress:

1. Skilled Immigration Frictions as a Barrier for Young Firms, with Federico Mandelman and Mishita Mehra. [CGO working paper version] Under Revision for the Journal of Monetary Economics

2. Sovereign Default and Labor Market Dynamics, with Siming Liu.

3. Persistent Fiscal Expansions in Sudden-Stop Crises: Expectation Channel, with Siming Liu and Wenya Wang.

4. Residential Housing Investment and Local Corruption: Evidence from the Chinese Housing Market, with Yao-Yu Chih, Firat Demir, Chenghao Hu, and Junyi Liu.

5. Private Fiscal Information and Sovereign Default Risk, with Ruoyun Mao and Siming Liu.