Working Papers
- Lemon Cycles, with Ernest Liu (Princeton).
- Contagious Bubbles, with Zhen Huo (Yale) and Yi Wen (SJTU).
- Aggregate Demand Externality and Self-fulfilling Default Cycles (NBER Working Paper), with Jess Benhabib (NYU), Pengfei Wang (PKU) and Zhenyang Xu (Tsinghua).
- Asymmetric Financial Market and Structural Monetary Policy in China, with Dongzhou Mei (CUFE) and Haoning Sun (Tsinghua).
- Self-fulfilling Business Cycles with Production Networks, with Fei Zhou (HKBU), Revise and Resubmit, International Economic Review.
- International Credit Cycles, with Zhiwei Xu (Fudan) and Jinxiang Yu (SJTU), Reject and Resubmit, Journal of International Economics.
- Asset Bubbles and Financial Frictions in Small Open Economics, with Dongzhou Mei (CUFE) and Zehua Xiao (CUFE), Revise and Resubmit, Journal of International Money and Finance.
- Liquidity Trap, Private Behavior Preference and the Micro-Foundation of Fiscal Multiplier Dynamics, with Chuanglian Chen (JNU), Revise and Resubmit, Macroeconomic Dynamics.
- Bubbly Leverage Cycles, with Mengbo Zhang (SUFE) and Jihang Zhou (Tsinghua).
- Financial Development and Housing Kuznets Curve, with Zhifeng Cai (Rutgers) and Haoning Sun (Tsinghua).
- Asset Bubbles and Monetary Policy in Open Economies, with Yang Jiao (SMU) and Siqing Wang (CUFE).
- Asset Bubbles in the Data Economy, with Jinpu Li (Tsinghua).
- Globalization and Bubbly Government Debt, with Haozhou Tang (DUFE) and Yizhen Wang (Tsinghua).
- Dynamic Efficiency Redux: Evidence from China, with Jinpu Li (Tsinghua), Haoning Sun (Tsinghua), and Siqing Wang (CUFE).
- Cycles of Global Imbalance, with Siqing Wang (CUFE), Zhenyang Xu (Tsinghua), Zhiwei Xu (Fudan).
- A Theory of Credit Cycles under Pandemic, with Pengfei Wang (PKU) and Zhiwei Xu (Fudan).
- Liquidity Trap and Monetary Policy under Negative Interest Rate, with Yi Wen (SJTU).
- A Tale of Two Dispersion: Wage and Firm Size, with Fei Zhou (HKBU).
