WORKING PAPERS

SELECTED WORKING PAPERS (full list here)

• The Real Impact of FinTech: Evidence from Mobile Payment Technology (SSRN), with S. Agarwal, Y. Ren, T. Tsai, and B. Yeung

We utilize the introduction of QR-code payment technology by the largest bank in Singapore to study how mobile payment technology reshapes economic activities and stimulates business creation.

• • AFA; AEA; China Meeting of the Econometric Society; Bundesbank conference; Luohan Academy; NUS

• Unintended Consequences of Demand-side Housing Policies: Evidence from Capital Reallocation (SSRN), with H. Tu, J. Wu, and W. Xu

We empirically investigate how households reallocate their funds in response to an austere housing market cooling intervention that depresses housing demand.

• • NBER/SAIF; AREUEA; Econometric Society/China meeting; ABFER; Deaking University; Tsinghua University; SWUFE; CUHK/Fin; NUS

• The Effect of Wealth Shocks on Shirking: Evidence from the Housing Market (SSRN), with Q. Gu, J. He, and Y. Ren,

After positive house price shocks, individuals are more likely to get distracted from work and increase their propensity to use work hours to attend to personal needs.

• • VoxChina, October 3 2018; Bloomberg, March 24 2019; Straits Times, March 24 2019

  • Award for the Best Paper, China Financial Research Conference 2018

  • AREUEA virtual seminar; NBER/China; CFRC; ABFER; FinTech, Credit, and the Future of Banking conference; Wisconsin Real Estate Conference; ESSEC; INSEAD; University of Utah; Xiamen University; SMU; Tsinghua University; PHBS; NTU; NUS

• Singles Day and Consumer Spending Offline (SSRN), with H. Chen

Using debit and credit card transactions from UnionPay, we show a significant positive offline spending response to online shopping shocks.

• • PBC Tsinghua; CKGSB; Fudan University/Fanhai; First Annual Conference on Digital Economy, Luohan Academy; CUHK/Econ; Luohan Academy, Alibaba; Renming University; Central University of Finance and Economics; Big data conference, Shenzhen; NUS