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
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
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.
Journal of the European Economic Association 20 (4), 1522–1553
Local copy: click here
Online Appendix.
3. Bubbly Firm Dynamics and Aggregate Fluctuations 2022
with Haozhou Tang
Journal of Monetary Economics
Local copy: click here.
Online Appendix.
with Haozhou Tang
Journal of Monetary Economics
Local copy: click here.
Online Appendix.
Working Papers:
1. Assessing Macroeconomic Tail Risk, April 2023
with Francesca Loria and Christian Matthes.
Resubmitted to the Economic Journal
First version 2019, FEDS Working Paper
with Francesca Loria and Christian Matthes.
Resubmitted to the Economic Journal
First version 2019, FEDS Working Paper
2. Quantifying the Federal Reserve's Objectives Using a Structural Vector Autoregressive Model, March 2021
with Shengliang Ou
R&R at Economica
First version 2020, SSRN Working Paper
with Shengliang Ou
R&R at Economica
First version 2020, SSRN Working Paper
3. The Ambiguous Signaling Channel of Monetary Policy, May 2022
Reject and resubmit at the Economic Journal
First version 2017, SSRN Working Paper
Reject and resubmit at the Economic Journal
First version 2017, SSRN Working Paper
4. The Return of Greenspan: Mumbling with Great Incoherence, Dec 2022
with Shengliang Ou and Renbin Zhang.
R&R at the Journal of the European Economic Association
First version April 2022, SSRN Working Paper
with Shengliang Ou and Renbin Zhang.
R&R at the Journal of the European Economic Association
First version April 2022, SSRN Working Paper
6. Monetary Policy, Firm Heterogeneity, and the Distribution of Investment Rates, Dec 2022 (Submitted)
with Matthias Gnewuch. SSRN Working Paper
with Matthias Gnewuch. SSRN Working Paper
7. The (Unequal) Rise of Market Power, Nominal Rigidities, and Monetary Non-Neutrality, March 2023 (Submitted)
with Christian Höynck and Minghao Li. SSRN Working Paper
with Christian Höynck and Minghao Li. SSRN Working Paper
8. Nominal Rigidities, Rational Inattention, and the Optimal Price Index Stabilization Policy, July 2023 (Submitted)
with Shengliang Ou, Penghui Yin, and Renbin Zhang. SSRN Working Paper
with Shengliang Ou, Penghui Yin, and Renbin Zhang. SSRN Working Paper