Papers

Clicking on the title will open the paper in a new window. Some are also available as slides which can be opened using the "slide" link.

CURRENT WORKING PAPERS

Optimal Trade Policy with International Technology Diffusion
with Yan Bai, Dan Lu and Hanxi Wang
working paper, FEBRUARY 2024

Technological Rivalry and Optimal Dynamic Policy in an Open Economy
with Yan Bai and Dan Lu
working paper NBER 1703, REVISE AND RESUBMIT, JOURNAL OF POLITICAL ECONOMY- MACROECONOMICS March 2024

PUBLICATIONS

Misallocation Under Trade Liberalization
with Yan Bai and Dan Lu
American Economic Review, Accepted September 2023

The One Child Policy and Household Saving
with Taha Choukhmane and Nicolas Coeurdacier
JOURNAL OF EUROPEAN ECONOMIC ASSOCIATION, 21 (3): 987-1032, June 2023.

The Puzzling Change in the Transmission of U.S. Macroeconomic Policy Shocks
with Ethan Ilzetzki
Journal of International Economics, (130), May 2021

International Transmission With Heterogeneous Sectors
with Nan Li
American Economic Journal: Macroeconomics 10 (4): 36-76, October 2018

Credit constraints and Growth in a Global Economy
with Nicolas Coeurdacier and Stephane Guibaud
American Economic Review 105 (9): 2838-81, 2015
Slides • Full Paper

Fertility and Social Security Policies in China
with Nicolas Coeurdacier and Stephane Guibaud
IMF Economic Review, 62 (3), 371-408, August 2014

Industrial Structure and Financial Capital Flows
American Economic Review 2012, 102(5): 2111-2146, August 2012
Slides

Composition and Growth Effects of the Current Account: A Synthesized Portfolio View
with Kai Guo
Journal of International Economics, September 2009

BOOK CHAPTERS

Digital Economy and Financial Innovation (Chinese)
China Financial Publishing House, June 2022

TRANS-SOVEREIGN NETWORKS - China’s Role in the New Global Order
Bretton Woods@75 Compendium, July 2019

China’s Ascent
FINANCE & DEVELOPMENT, JUNE 2019, VOL. 56, NO. 2, June 2019

China's Steroid Model of Growth
Meeting Globalization's Challenges, Princeton Press, forthcoming, April 2018

International Trade and International Capital Flows:
A Theoretical Perspective
The Encyclopedia of Financial Globalization, September 2010