Research
Publications:
"Can Passive Monetary Policy Decrease the Debt Burden?" with Ruoyun Mao and Shu-Chun S. Yang, Journal of Economic Dynamics and Control, Volume 159, 104802, February 2024.
"Uncertain Policy Regimes and Government Spending Effects," with Ruoyun Mao and Shu-Chun S. Yang, European Economic Review, Volume 152, 104330, February 2023.
"Fiscal Implications of Interest Rate Normalization in the United States," with Huixin Bi and Shu-Chun S. Yang, May 2021, Canadian Journal of Economics, 55(2): 868-904, May 2022.
"The Fiscal State-Dependent Effects of Capital Income Tax Cuts," with Alexandra Fotiou and Shu-Chun S. Yang, June 2020, Journal of Economic Dynamics and Control, Volume 117, 103860, August 2020.
"Downward Nominal Wage Rigidity and State-Dependent Government Spending Multipliers," with Shu-Chun S. Yang, Journal of Monetary Economics, 98, October 2018: 11-26.
"Government Spending Effects in Low-income Countries," with Shu-Chun S. Yang and Louis-Felipe Zanna, Journal of Development Economics, 133, July 2018: 201-219.
"Debt-dependent Effects of Fiscal Expansions," with Huixin Bi and Shu-Chun S. Yang, European Economic Review, 88, September 2016: 142-157.
"Fiscal Limits in Developing Countries: a DSGE Approach," with Huixin Bi and Shu-Chun S. Yang, Journal of Macroeconomics, 49, September 2016: 119-130.
"News, Disaster Risk, and Time-Varying Uncertainty," Journal of Economic Dynamics and Control, 51, February 2015: 459-479.
Working Papers:
"The Business Cycle State-Dependent Effects of Tax News: A Joint-state Analysis," with Tuan Ho-Quoc, February 2024.
"Fiscal Limit and Fiscal Space in a Heterogeneous Monetary Union: Normal Times vs the Zero Lower Bound," with Javier Andres and Pablo Burriel, April 2022.
"Expectations Matter: The Effects of Uncertainty in Good and Bad Times," August 2018.
"Government Spending Effects in Small-Open Economies with Limited Capital Mobility," with Shu-Chun S. Yang, May 2012. (IMF working paper WP/12/129)
"Endogenous Government Spending and Fiscal Stimulus," May 2010.