Working Papers

Global Indeterminacy in Hank Economies

with Sushant Acharya

May 2024

Aggregate Demand Externality and Self-Fulfilling Default Cycles

with Feng Dong, Pengfei Wang, and Zhenyang Xu

March 2024

Self-Fulfilling Risk Panics: An Expected Utility Framework

with Xuewen Liu and Pengfei Wang

December 2020, NBER wp 28284

Reestablishing the Income-Democracy Nexus

with A. Corvalan and M. Spiegel 

NBER Working Paper 16832, 2011.

Age, Luck and Inheritance

with S. Zhu

NBER Working Paper 14128, 2007.

The distribution of wealth and redistributive policies

with A. Bisin

March 2006.

Advertising, Mass Consumption and Capitalism

with A. Bisin

February 2002.

On the Economics of Fiscal Populism in an Open Economy

with A. Velasco

1995

Follow the Leader: On Growth and Diffusion

with A. Rustichini

C. V. Starr Center Working Paper 93-03, NYU, 1993.