"Optimal Foreign Reserve Intervention and Financial Development" (with Scott Davis, Kevin Huang, and Mark Spiegel), Federal Reserve Bank of San Francisco Working Paper 2025-27, November 2025.
"Information Acquisition and the Finance-Uncertainty Trap" (with Ding Dong, Allen Hu, and Zhaorui Li), Federal Reserve Bank of San Francisco Working Paper 2025-12, July 2025.
"Inflation Disagreement Weakens the Power of Monetary Policy" (with Ding Dong, Pengfei Wang, and Min Wei), Federal Reserve Bank of San Francisco Working Paper 2024-27, August 2024. Revise and resubmit, Journal of Monetary Economics
"Targeted Reserve Requirements for Macroeconomic Stabilization" (with Mark Spiegel and Jingyi Zhang), Federal Reserve Bank of San Francisco Working Paper 2023-13, April 2023. R&R, International Economic Review.
"Fiscal Stimulus under Average Inflation Targeting" (with Jianjun Miao and Dongling Su), Federal Reserve Bank of San Francisco Working Paper 2022-22, November 2022.
"Can Pandemic-Induced Job Uncertainty Stimulate Automation?" (with Sylvain Leduc), Federal Reserve Bank of San Francisco Working Paper 2020-19, May 2020. Media mentions: VoxEu