Minjie Deng


Working Paper

Job Market Paper, updated draft coming soon


    • This paper studies the impact of income inequality on sovereign default risk under elastic labor and endogenous non-linear taxation.
    • I document that high income inequality is associated with high sovereign spreads using data across countries and across U.S. states.
    • A tractable framework to study interactions among inequality, tax progressivity, and government debt with default risk.

Work in Progress

  • Financial Heterogeneity and Aggregate Shocks Transmission, with Min Fang [slides]
  • International Spillovers of U.S. Monetary Policy: Evidence from Chinese Firm-level Data, with Yumei Guo and Yanbin Chen [slides]
  • Sovereign Debt Crisis and Intangible Asset Investment, with Chang Liu