Publications
Expectations and the UIP Puzzles when Foresight is Limited (with Yinxi Xie), Journal of International Economics 158, December 2025.
Overreaction and Macroeconomic Fluctuation of the External Balance (with Donghoon Yoo), Journal of Monetary Economics 151, April 2025.
Computerizing households and the role of technology shocks in consumer durables (with Hyunseung Oh), Journal of Macroeconomics 83, March 2025.
The Twin Ds: Optimal Default and Devaluation (with Stephanie Schmitt-Grohe, Martin Uribe, and Vivian Yue), American Economic Review 108, July 2018, 1773-1819.
Working Papers
Overreactions, Debt Accumulations, and Sovereign Crises (with Anurag Singh and Tiago Tavares). Draft is coming soon. Slide
Monetary Policy under Uncertain Expectations in an Emerging Economy (with Yang Jiao and Anurag Singh).
External Balances and Labor Share Dynamics over the Business Cycle.