Research

Publications

• "Migration and Sovereign Default Risk", with George Alessandria and Yan Bai.

  Journal of Monetary Economics, Volume 113, August 2020. [WP version] 

• "Debt Maturity Heterogeneity and Investment Responses to Monetary Policy", with Min Fang. 

European Economic Review, Volume 144, May 2022. [WP version] 

Working Papers

• "Inequality, Taxation, and Sovereign Default Risk"

Revise and resubmit, American Economic Journal: Macroeconomics

• "Public Financing Under Balanced Budget Rules", with Chang Liu (NUS)

Revise and resubmit, Review of Economic Dynamics 

• "Sovereign Risk and Intangible Investment", with Chang Liu (Rochester)

Revise and resubmit,  Journal of International Economics

• "Financing Innovation with Innovation", with Zhiyuan Chen and Min Fang

• "A Switch in State Bankruptcy Rules"

Selected Work In Progress

• Trade Barriers and Sovereign Default Risk, with George Alessandria, Yan Bai, and Chang Liu (Rochester)

• 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.