Top 5 Economics Journals
1. Multivariate Rational Inattention, with Jieran Wu and Eric Young, Econometrica 90 (2022), 907-945.
2. Monetary Policy and Rational Asset Bubbles: Comments, with Pengfei Wang, and Zhouxiang Shen, American Economic Review, 109 (2019) 1969-1990.
3. Asset Bubbles and Credit Constraints, with Pengfei Wang, American Economic Review 108 (2018), 2590-2628.
4. Bubbles and Total Factor Productivity, with Pengfei Wang, American Economic Review 102 (2012), 82-87.
5. Robust Contracts in Continuous Time, with Alejandro Rivera, Econometrica 84 (2016) 1405-1440.
6. Ambiguity, Learning, and Asset Returns, with Nengjiu Ju, Econometrica 80, (2012) 559-591.
Top 3 Science Journals
1. Aversion to Ambiguity and Model Misspecification in Dynamic Stochastic Environments, with Lars Peter Hansen, Proceedings of National Academy of Sciences 115 (2018) 9163-9168.
2. Robust Inattentive Discrete Choice, with Lars Peter Hansen and Hao Xing, Proceedings of National Academy of Sciences 122 (6) (2025) e2416643122
Top 3 Finance Journals
1. Entrepreneurial Finance and Non-Diversifiable Risk, with Hui Chen and Neng Wang, Review of Financial Studies 23 (2010), 4348-4388.
2. Investment, Consumption and Hedging under Incomplete Markets, with Neng Wang, Journal of Financial Economics 86 (2007), 608-642.
3. Capital Structure, Credit Risk, and Macroeconomic Conditions, with Dirk Hackbarth, and Erwan Morellec, Journal of Financial Economics 82 (2006), 519-550.
4. Optimal Capital Structure and Industry Dynamics, Journal of Finance 6 (2005), 2621-2659.
5. Informed Trading when Information Becomes Stale, with Dan Bernhardt, Journal of Finance 59 (2004), 339-390.
Top Field and General Interest Journals
Long-Term Securities and Banking Crises, with Zhouxiang Shen and Dongling Su. forthcoming in American Economic Journal: Macroeconomics
Inflation and Debt Rollover under Low Interest Rates, with Zhouxiang Shen, and Dongling Su, forthcoming in International Economic Review.
Capital Income Jumps and Wealth Distribution, with Jess Benhabib and Wei Cui, Quantitative Economics 15 (2024) 1197-1247.
Fiscal and Monetary Policy Interactions in a Model with Low Interest Rates, with Dongling Su, American Economic Journal: Macroeconomics 16 (2024) 35-76.
China's Housing Bubble, Infrastructure Investment, and Economic Growth, with Shenzhe Jiang and Yuzhe Zhang, International Economic Review 63 (2022), 1189-1237.
Macro-Financial Volatility under Dispersed Information, with Jieran Wu and Eric Young, Theoretical Economics 16 (2021) 275-315.
Discount Shock, Price-Rent Dynamics, and the Business Cycle, with Pengfei Wang and Tao Zha, International Economic Review 61 (2020) 1229-1252.
Land Prices and Unemployment, with Zheng Liu and Tao Zha, Journal of Monetary Economics 80 (2016) 86-105.
Asset Bubbles, Collateral, and Policy Analysis, with Pengfei Wang and Jing Zhou, Journal of Monetary Economics 76 (2015) S57-S70.
A Bayesian DSGE Model of Stock Market Bubbles and Business Cycles, with Pengfei Wang and Zhiwei Xu, Quantitative Economics 6 (2015) 599-635.
Banking Bubbles and Financial Crises, with Pengfei Wang, Journal of Economic Theory 157 (2015) 763-792.
Growth Uncertainty, Generalized Disappointment Aversion and Production-based Asset Pricing, with Hening Liu, Journal of Monetary Economics 69 (2015) 70-89.
A Duality Approach to Continuous Time Contracting Models with Limited Commitment, with Yuzhe Zhang, Journal of Economic Theory 159 (2015) 929-988.
Numerical Simulation of Nonoptimal Dynamic Equilibrium Models, with Zhigang Feng, Adrian Peralta-Alva, and Manuel Santos, International Economic Review 55 (2014), 83-110.
Advance Information and Asset Prices, with Rui Albuquerque, Journal of Economic Theory 149 (2014), 236-275.
Intertemporal Substitution and Recursive Smooth Ambiguity Preferences, with Takashi Hayashi, Theoretical Economics 6 (2011), 423-475.
Firm Heterogeneity and the Long-Run Effects of Dividend Tax Reform, with Francois Gourio, American Economic Journal: Macroeconomics 2 (2010), 131-168.
Competitive Equilibria of Economies with a Continuum of Consumers and Aggregate Shocks, Journal of Economic Theory 128 (2006), 274-298.
Irreversible Investment with Regime Shifts, with Xin Guo and Erwan Morellec, Journal of Economic Theory 122 (2005), 37-59.
Other Publications
1. Taxing Sudden Capital Income Surges, with Wei Cui, forthcoming in IMF Economic Review.
2. Linear Quadratic Approximation of Rationally Inattentive Control Problems, with Bo Zhang, Macroeconomic Dynamics 28 (2024) 1371 – 1393.
3. Dynamic Discrete Choice under Rational Inattention, with Hao Xing, Economic Theory 77 (2024) 597-652.
4. Asset Market Equilibrium under Rational Inattention, with Dongling Su, Economic Theory 75 (2023) 1-30.
5. Asset Pricing under Smooth Ambiguity in Continuous Time, with Lars P. Hansen, Economic Theory 74 (2022), 335-371.
6. Asset Bubbles and Foreign Interest Rate Shocks, with Pengfei Wang and Jing Zhou, Review of Economic Dynamics 44 (2022), 315-348.
Does Calvo Meet Rotemberg at the Zero Lower Bound? with Phuong Ngo, Macroeconomic Dynamics 25 (2021) 1090-1111.
Asset Bubbles and Monetary Policy, with Feng Dong, and Pengfei Wang, Review of Economics Dynamics 37 (2020) 68-98.
Convergence, Financial Development, and Policy Analysis, with Justin Yifu Lin and Pengfei Wang, Economic Theory 69 (2020) 523-568.
Saving China’s Stock Market, with Yi Huang and Pengfei Wang, IMF Economic Review, 67 (2019) 349-394.
Ambiguity Aversion and Variance Premium, with Bin Wei and Hao Zhou, Quarterly Journal of Finance 2 (2019) 1-36.
Woodford's Approach to Robust Policy Analysis in a Linear-Quadratic Framework, with Hyosung Kwon, Macroeconomic Dynamics 25 (2019) 1895-1920.
The Perils of Credit Booms, with Feng Dong and Pengfei Wang, Economic Theory 66 (2018), 819-861.
Three Types of Robust Ramsey Problems in a Linear-Quadratic Framework, with Hyosung Kwon, Journal of Economic Dynamics and Control 76 (2017), 211-231.
Introduction to Economic Theory of Bubbles II, Journal of Mathematical Economics 65 (2016) 139-140.
Stock Market Bubbles and Unemployment, with Pengfei Wang and Lifang Xu, Economic Theory 61 (2016) 273-307.
Chaotic Banking Crises and Regulations, with Pengfei Wang and Jess Benhabib, Economic Theory 61 (2016) 393-422.
Introduction to the Symposium on Bubbles, Multiple Equilibria, and Economic Activities, Economic Theory 61 (2016) 207-214.
Introduction to Economic Theory of Bubbles, Journal of Mathematical Economics 53 (2014), 130-136.
Sectoral Bubbles, Misallocation and Endogenous Growth, with Pengfei Wang, Journal of Mathematical Economics 53 (2014), 153-163.
Dynamic Asset Allocation with Ambiguous Return Predictability, with Hui Chen and Nengjiu Ju, Review of Economic Dynamics 17 (2014), 799-823. (Best paper in 2009 CICF)
A Q-Theory Model with Lumpy Investment, with Pengfei Wang, Economic Theory 57 (2014), 133-159.
Lumpy Investment and Corporate Tax Policy, with Pengfei Wang, Journal of Money, Credit and Banking 46 (2014), 1171-1203.
What Does Corporate Income Tax Tax? A Simple Model without Capital, with Larry Kotlikoff, Annals of Economics and Finance 14 (2013), 1-19.
Economic Growth under Money Illusion, with Danyang Xie, Journal of Economic Dynamics and Control 37 (2013), 84-103.
CEO Power, Compensation, and Governance, with Rui Albuquerque, Annals of Economics and Finance 14 (2013), 21-57.
The Dynamics of Mergers and Acquisitions in Oligopolistic Industries, with Dirk Hackbarth, Journal of Economic Dynamics and Control 4 (2012), 585-609.
The Determinants and Dynamic Properties of China's Urban Housing Prices, with Jianxin Lu, Investment Research（《投资研究》） 7 (2011), 2-13. in Chinese.
Risk, Uncertainty, and Option Exercise, with Neng Wang, Journal of Economic Dynamics and Control 35 (2011), 442-461.
Transitional Dynamics of Dividend and Capital Gains Tax Cuts, with Francois Gourio, Review of Economic Dynamics 14 (2011), 368-383.
Ambiguity, Risk and Portfolio Choice under Incomplete Information, Annals of Economics and Finance 10 (2009), 257-279.
Option Exercise with Temptation, Economic Theory 34 (2008), 473-501.
A Search Model of Centralized and Decentralized Trade, Review of Economic Dynamics 9 (2006), 68-92
34. A Note on Consumption and Savings under Knightian Uncertainty, Annals of Economics and Finance 5 (2004), 299-311.
35. A Two-Person Dynamic Equilibrium under Ambiguity, with Larry Epstein, Journal of Economic Dynamics and Control 27 (2003), 1253-1288.
Books
· Dynamic Economics Research Methods (in Chinese), with Liutang Gong, 2nd edition, Beijing University Press, 2012.
· Economic Dynamics in Discrete Time, first edition, the MIT Press, 2014
· Economic Dynamics in Discrete Time, second edition, the MIT Press, 2020