Publications

 “Money, Markets and Dynamic Credit,”

   Macroeconomic Dynamics 15(S1), 42-61, 2011.

“Private Money and Bank Runs,” 

          with Stella Huangfu,

          Canadian Journal of Economics 44(3), 859-879, 2011.

“A Monetary Theory with Non-Degenerate Distributions,” 

        with Guido Menzio and Shouyong Shi,

   Journal of Economic Theory 148, 2266-2312, 2013.

“Search, Liquidity, and the Dynamics of House Prices and Construction,” 

        with Allen Head and Huw Lloyd-Ellis,

   American Economic Review 104(4), 1172-1210, 2014.

“Monetary and Fiscal Policies in a Heterogeneous-Agent Economy,” 

        with Chenggang Zhou,

   Canadian Journal of Economics 51(3), 747-783, 2018.

“The Role of Search Frictions in the Long-Run Relationship between Inflation, Unemployment and Capital,” 

        with Pedro Gomis-Porqueras and Stella Huangfu,

  European Economic Review 123, April 2020, 103396.

“A Macroeconomic Theory of Banking Oligopoly,”

        with Mei Dong, Stella Huangfu and Chenggang Zhou,

  European Economic Review 138, September 2021, 103864.