Research Interests:
Research Interests:
Macro-finance, Theoretical and Empirical Asset Pricing
Publications:
Leasing as a Mitigation of Financial Accelerator Effects, with Kai Li, Review of Finance, Volume 27, Issue 6, November 2023, Pages 2015–2056.
The Technical Default Spread, with Emilio Bisetti and Kai Li, Review of Financial Studies, Volume 37, Issue 11, November 2024, Pages 3386–3430.
Working Papers:
The Undrawn Credit Line Premium
Work in Progress:
Bubbly Premium, with Ding Dong and Pengfei Wang
Acceptance Default and Bank Run in Supply Side: Banking Crises over Business Cycles, with Xiang Shi