Working Papers
1, Monetary Policy, Debt Structure, and Credit Reallocation
Revise and Resubmit, Journal of Finance (2nd Round)
Yihong Xia Best Paper Award, 2024 CICF
Semifinalist for Corporate Finance Best Paper, 2021 FMA Annual Meeting
2, Appropriated Growth (with Xuelin Li, Richard T. Thakor, and Colin Ward)
Journal of Financial Economics, accepted
3, Do Bankers Matter for Main Street? The Financial Intermediary Labor Channel (with Jack Favilukis, Xiaoji Lin, and Xiaofei Zhao)
CFRI Research Excellence Award, 2022 CIRF
4, Monetary Policy, Diagnostic Expectations, and Customer Capital (with Yicheng Wang) Submitted
Presentations: MFA 2025, CICF 2024, ECWFC 2024, Cavalcade 2024 , UMN
5, The Visible Hand: Managerial Allocation and Firm Productivity (with Colin Ward)
Presentations: Wabash River Conference 2025 (Scheduled), Binghamton University (Scheduled)
6, Granular Markups and Inflation Surge: The Role of Managerial Incentives (with Juliana Salomao, Varun Sharma, and Yicheng Wang)
Presentations: Richmond Fed*
Work in Progress
1, Technology Literacy and Deep-Tech Investment: Evidence from VC Industry (with Can Huang, and Xuelai Li)
Permanent Working Paper
Capital Misallocation and Risk Sharing (with Hengjie Ai, Anmol Bhandari, and Chao Ying)