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. April 2022 (First version September 2019).

• "Sovereign Risk and Intangible Investment", with Chang Liu (Rochester). July 2022 (First version February 2021).

• "Public Financing Under Balanced Budget Rules", with Chang Liu (NUS). August 2022 (First version February 2022).

• "A Switch in State Bankruptcy Rules". July 2022. Preliminary draft.

In Progress

• Sovereign Risk and Trade Wedge, with Yan Bai, Chang Liu (Rochester)

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

• Sovereign Debt Crisis or Financial Crisis: Evidence from Exports, with George Alessandria, Yan Bai, Chang Liu (Rochester)

• Sovereign Default Risk and (Wealth) Inequality, with Min Fang, Philipp Renner, 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.