Research

Publications

• Liquidity in Cryptocurrency Market and Commonalities across Anomalies, with Lei Jiang, Jinyu Liu, and Yifeng Zhu, International Review of Financial Analysis, 2022, Volume 81

• Asset Portfolios and Household Consumption in Urban China: Theory and Evidence (in Chinese) , with Tao Jiang and Yuan Zhang, Journal of Financial Research (金融研究), 2019, 473(11): 133-152

• Structural Characteristics and Trends of China's Non-financial Firm Leverage (in Chinese), with Xiaofen Tan and Huilun Xu, International Economic Review (国际经济评论), 2020, 2.

• Can Monetary Policy Reconcile Sustaining Steady Growth with Preventing Risks in China? An Analysis Based on Dynamic Stochastic General Equilibrium Modeling, with Huilun Xu and Xiaofen Tan, Journal of Financial Research (金融研究), 2021, 490(4): 19-37.

Working Papers

• Forward Guidance and Credible Monetary Policy, with Eric Young, R&R at JME

• The Inside Baseball of Sudden Stop Models, with Jieran Wu and Eric Young, Submitted

• Theory Ahead of Measurement: A Pandemic-Inflicted Phillips Curve, with Yi Jin and Zhixiong Zeng

• Housing Price and Consumer Spending: An Asset Allocation Approach, with Tao Jiang and Yuan Zhang

Work in Progress

• Central Bank Independence in the Presence of a Myopic Fiscal Policy Maker, with Campbell Leith and Ding Liu

• Cyclicality of Inflation and Monetary Policy, with Weicheng Lian

• Macroprudential Policies in Large Open Economies, with Jieran Wu and Eric Young