Financial Frictions in Emerging Markets

  • Paper Title: Risky Business and the Process of Development

    • Industrial Policy in Trade and Spatial Models

  • Paper Title: Optimal Trade and Industrial Policies in the Global Economy
  • Paper Title: Pro-Manufacturing Land Policies of Competing Local Governments: A Quantitative Analysis of China
  • Paper Title: Optimal Trade and Industrial Policies in the Global Economy: A Gradient-Based Learning Approach

    • Labor Market I

  • Paper Title: Third Country Effects of US Immigration Policy
  • Paper Title: The Macroeconomic Consequences of Competition for College Admissions
  • Paper Title: Who Bear the Cost Financial Friction and Labor Markdown

    • Banks and Financial Crisis

  • Paper Title: Monetary Policy and Endogenous Financial Crises
  • Paper Title: Long Term Securities and Banking Crises
  • Paper Title: Heterogeneous Beliefs and Business Cycles
  • Paper Title: The Macroeconomic Implications of Firms’ Debt Maturity

    • Debt and Macro

  • Paper Title: A Model of Supply Chain Finance
  • Paper Title: A Macroeconomic Model with Bond Market Liquidity
  • Paper Title: The Payday Loan Puzzle: A Credit Scoring Explanation

    • International Macro

  • Paper Title: Foreign Reserves and Capital Controls: A Financial Development Perspective
  • Paper Title: Trade and Technology Compatibility in General Equilibrium
  • Paper Title: The Impact of the Trade War: Divergence in Chinese and U.S. Innovations in the Post-Conflict Era
  • Paper Title: Optimal Time-Consistent Capital Controls as Dynamic Terms-of-Trade Manipulation

    • International Macroeconomics and Finance: New Issues and New Methodologies

  • Paper Title: Monetary Policy and the Maturity Structure of Public Debt
  • Paper Title: Financing R&D

    • Growth and Productivity

  • Paper Title: Estimating Capital-Labor Substitution in China: Evidence from Firm-Level Data
  • Paper Title: E Pluribus Unum: Growing TFP From Regional Trade

    • Labor Market II

  • Paper Title: Deep Learning for Search and Matching Models
  • Paper Title: Precautionary Mismatch
  • Paper Title: Worker Mobility, Knowledge Diffusion, and Non-Compete Contracts

    • Monetary Economics

  • Paper Title: Inattentive Network: Evidence and Theory
  • Paper Title: Team Persistent or Team Transitory? Sectoral Linkage and Inflation Persistence
  • Paper Title: Trend, Cycle and Expectation Formation

    • Financial Crisis

  • Paper Title: Uninsured Deposit, Held-to-Maturity Accounting, and Bank Runs
  • Paper Title: Preventing Runs with Redemption Fees
  • Paper Title: Payments, Reserves, and Financial Fragility

    • Firm Investment in Changing Times

  • Paper Title: From Spreads to Spirals: How Financial Frictions Drive Lumpy Investments
  • Paper Title: The Chinese Transition: The Role of Investment Frictions
  • Paper Title: Capital Embodied Structural Change
  • Paper Title: The Rise of Intangible Capital and the Macroeconomic Implications

    • Growth and Development

  • Paper Title: Place-based Land Policy and Spatial Misallocation: Theory and Evidence from China
  • Paper Title: Inelastic Supply of Innovators, Monopsony Power, and Creative Destruction
  • Paper Title: Do Resource Rents Drive Urbanization and Structural Transformation? A Global Analysis
  • Paper Title: Two-Sided Sorting of Workers and Firms: Implications for Spatial Inequality and Welfare

    • International Finance

  • Paper Title: Foreign Currency Borrowing and Exporter Dynamics in Emerging Markets
  • Paper Title: Financially Constrained Intermediaries and the International Pass-Through of Monetary Policy
  • Paper Title: Nickell Bias in Panel Local Projection: Financial Crises Are Worse Than You Think
  • Paper Title: Central Bank Swap Lines, Bank Risk Management and Currency Choice in Trade

    • Macro Finance

  • Paper Title: Debt Dilution, Debt Covenants, and Macroeconomic Fluctuations
  • Paper Title: Aggregate Demand and Irreversible Investment
  • Paper Title: Knowledge Network and Asset Pricing