I'm Senior Policy Advisor and Director of the Center for Pacific Basin Studies at the Federal Reserve Bank of San Francisco.  This is my personal web page.  If you are interested in knowing more about my research and policy work, please visit my Fed homepage or download my CV.  Most of my research papers and citation information can be found at the Google Scholar site.  I also have a LinkedIn page, where I post some articles occasionally.

Recent updates:

• January 1, 2026: I joined the Editorial Board of the Journal of Economic Dynamics and Control as a Co-Editor.

• January 1, 2026: The paper on AI pricing (coauthored with Jonathan Adams, Min Fang, and Yajie Wang) was formally published in the Journal of Monetary Economics.

• January 1, 2026: The paper on bank risk-taking (coauthored with Xiaoming Li, Yuchao Peng, and Zhiwei Xu) was formally published in AEJ: Macro.

Highlights of 2025