Published Papers:

1. Information Frictions, Monetary Policy, and the Paradox of Price Flexibility 2021 
    with Shengliang Ou and Renbin Zhang
     Journal of Monetary Economics 120, 70-82
     Local copy: click here. Older version: SSRN Working Paper
    PwC 3535 Finance Forum Best Paper Award 
     Outstanding Research Paper Award 2021, China Information Economics Society

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2. Term Structure, Forecast Revision and the Signaling Channel of Monetary Policy 2022
​​     Journal of the European Economic Association 20 (4), 1522–1553
     Local copy: click here
      Online Appendix.

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3. Bubbly Firm Dynamics and Aggregate Fluctuations 2022
​    with Haozhou Tang
    Journal of Monetary Economics 
     Local copy: click here. 
    Online Appendix. 

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4. Assessing Macroeconomic Tail Risk Forthcoming
   with Francesca Loria and Christian Matthes.
   The Economic Journal
    First version 2019,  FEDS Working Paper

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5. The Return of Greenspan: Mumbling with Great Incoherence, Conditionally accepted       
      with Shengliang Ou and Renbin Zhang.
     ​ Journal of the European Economic Association
       First version April 2022, SSRN Working Paper

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​Working Papers:

1. Lumpy Innovation and the Great Twins: Great Moderation and Great Recession​, Aug 2024 (Submitted)     
     with Lixing Wang.  Online Appendix.
​     First version May 2024, SSRN Working Paper

2. The Macroeconomic Effects of Unemployment Insurance Extensions: A Policy Rule-Based Identification Approach
    March 2024 (Submitted)        
​     with Rubén Domínguez-Díaz​.
​      First version March 2024, SSRN Working Paper

3. Monetary Policy, Firm Heterogeneity, and the Distribution of Investment Rates, Sep 2024                                                 
      with Matthias Gnewuch. Online Appendix  
    R&R at the Journal of Monetary Economics
      First version Sep 2021, SSRN Working Paper

4. Nominal Rigidities, Rational Inattention, and the Optimal Price Index Stabilization Policy​, Nov 2023          
     with Shengliang Ou, Penghui Yin, and Renbin Zhang.
​       R&R at the Journal of Economic Theory
       First version July 2023, SSRN Working Paper

5. Bubbly Credit Cycles, Dec 2023 (Submitted)​             
      with Haozhou Tang.
      First version 2022, SSRN Working Paper

6. The (Unequal) Rise of Market Power, Nominal Rigidities, and Monetary Non-Neutrality​, March 2023 (Submitted)       
      with Christian Höynck and ​​Minghao Li. SSRN Working Paper
      Reject & Resubmit at European Economic Review ​

7. The Ambiguous Signaling Channel of Monetary Policy, May 2022         
     Reject and resubmit at the Economic Journal
       First version 2017, SSRN Working Paper

8. Quantifying the Federal Reserve's Objectives Using a Structural Vector Autoregressive Model, Sep 2024  
     with Shengliang Ou
     R&R at Economica
     ​First version 2020,  SSRN Working Paper

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