Research

Publications

1. "Migration and Sovereign Default Risk"  [journal link] [working paper]

with George Alessandria and Yan Bai

Journal of Monetary Economics, Volume 113, August 2020

2. "Debt Maturity Heterogeneity and Investment Responses to Monetary Policy" [journal link] [working paper] 

with Min Fang

European Economic Review, Volume 144, May 2022

3. "Inequality, Taxation, and Sovereign Default Risk" [journal link] [working paper]

American Economic Journal: Macroeconomics, Volume 16, April 2024 (pp. 217-49)

Working Papers

1. "Public Financing Under Balanced Budget Rules" [working paper]

with Chang Liu (NUS)

R&R, Review of Economic Dynamics 

2. "Sovereign Risk and Intangible Investment" [working paper]

with Chang Liu (Rochester)

R&R,  Journal of International Economics

3. "A Note on Allowing State Bankruptcy" [working paper]

4. "Pareto Weights in Indebted Economies" [working paper]

5. "Financing Innovation with Innovation"  [working paper]

 with Zhiyuan Chen and Min Fang

Selected Work In Progress

1. "Trade Barriers and Sovereign Default Risk"  (draft available upon request)

with George Alessandria, Yan Bai, and Chang Liu (Rochester)

2. "Sovereign Debt Crisis or Financial Crisis: Evidence from Exports"

with George Alessandria, Yan Bai, and Chang Liu (Rochester)

3. "Sovereign Default Risk and (Wealth) Inequality"

with Min Fang, Philipp Renner, and Simon Scheidegger

Discussions

1. Discussion on: "Domestic Policies and Sovereign Default" by Emilio Espino, Julian Kozlowski, Fernando M. Martin, Juan M. Sánchez. July 2022.

2. Discussion on: "The Effects of Sector-Specific Credit Supply Shocks on the U.S. Economy" by Maximillian Littlejohn. November 2020.

3. Discussion on: "Sovereign Default and Global Financial Shock" by JungJae Park. November 2020.