My research interest is in macroeconomics and banking.
Published Papers
[1] 'Habit formation and news-driven business cycles', with Fengqi Liu and Jianpo Xue. Review of Economic Dynamics, (2025).
[2] 'Should macroprudential policy be countercyclical?' with Yoske Igarashi. Journal of Economic Dynamics and Control, (2024).
[3] 'Credit expansion, bank liberalization, and structural change in bank asset accounts' with Michael Fan, Journal of Economic Dynamics and Control, (2021).
[4] 'Bank equity and macroprudential policy', Journal of Economic Dynamic and Control, (2016).
[5] 'Stationarity of econometric learning with bounded memory and a predicted state variable' , with Tatiana Damjanovic and Sarunas Girdenas, Economic Letters, (2015).
Working Papers
[1] 'Bank balance sheet cycles'.
[2] 'Bank asset structures and monetary transmission'.
[3] 'News-driven business cycles revisited: shock persistence matters', with Kevin X.D. Huang, Fengqi Liu, and Jianpo Xue.
[4] 'Bank default risk, limited liability, and overborrowing', working in progress.
[5] 'A narrow banking model' with Timothy Jackson, working in progress.
[6] 'Learning and monetary policy in a medium-scale DSGE model' with Sarunas Girdenas.