Research

Publications

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

with George Alessandria and Yan Bai

Journal of Monetary Economics, Volume 113, August 2020

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

with Min Fang

European Economic Review, Volume 144, May 2022

Working Papers

• "Inequality, Taxation, and Sovereign Default Risk" [working paper]

Conditionally accepted, American Economic Journal: Macroeconomics

• "Public Financing Under Balanced Budget Rules" [working paper]

with Chang Liu (NUS)

Revise and resubmit, Review of Economic Dynamics 

• "Sovereign Risk and Intangible Investment" [working paper]

with Chang Liu (Rochester)

Revise and resubmit,  Journal of International Economics

• "Financing Innovation with Innovation"  [working paper]

 with Zhiyuan Chen and Min Fang

• "A Switch in State Bankruptcy Rules" [working paper]

Selected Work In Progress

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

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

• "Pareto Weights in Indebted Economies"  (draft available upon request)

• "Sovereign Debt Crisis or Financial Crisis: Evidence from Exports"

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

• "Sovereign Default Risk and (Wealth) Inequality"

with Min Fang, Philipp Renner, and Simon Scheidegger

Discussions

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

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

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