Publications

1. "A Dynamic Model of Urban Growth and the Evolution of Real Estate Rents and Prices, " R&R, Journal of Finance, with Sheridan Titman

2. "MPC Heterogeneity and the Dynamic Response of Consumption to Monetary Policy," AEJ:Macroeconomics, 2024, Vol 16(3), 343–388, with Miguel Ampudia and Russell Cooper and Julia LeBlanc

3. "City Characteristics, Land Prices and Volatility, " Journal of Urban Economics, 2024, Vol.140, Article 103645, with Sheridan Titman

4. “Do Oil Endowment and Productivity Matter for Accumulation of International Reserves?” Journal of International Money and Finance, 2021, Vol. 117, with Rasmus Fatum and Wenjie Hui

5. “Transition to the Property Tax in China: A Dynamic General Equilibrium Analysis," Journal of Urban Economics, 2020, Vol.115(C), Article 103214, with David Dale-Johnson

6. "Housing Price and Fundamentals in a Transition Economy: The Case of the Beijing Market,” International Economic Review, 2018, Vol. 59(3), 1653-1677, with Bing Han and Lu Han

7. “House Age, Price and Rent: Implications from Land-Structure Decomposition,” Journal of Real-Estate Finance and Economics, 2018, Vol. 56(2),303-324, with Y. Xu, Q. Zhang and S. Zheng

8. "Is the Renminbi a Safe Haven?" Journal of International Money and Finance, 2017, Vol.79(C),189-202, with Rasmus Fatum and Yohei Yamamoto

9. “Time Allocation and Home Production Technology," Journal of Economic Dynamics and Control, 2017, Vol.78, 88–101, with Lei Fang

10. “Household Finance over the Life-Cycle: What does Education Contribute?” Review of Economic Dynamics, 2016, Vol.20, 63-89, with Russell Cooper

11. “Strategic Interaction in Political Competition: Evidence from Spatial Effects across Chinese Cities,” Regional Science and Urban Economics, 2016, Vol.57, 23-37, with Jihai Yu and Li-an Zhou

12. “Patterns of Growth in Chinese Cities: Implications of the Land Lease,” Journal of Urban Economics, 2014, Vol.83, 87-107, with Paul M. Anglin, David Dale-Johnson and Yanmin Gao

13. “How Uncertain Is Household Income in China,” Economics Letters, 2013, Vol.120, 74-78, with Jihai Yu

14. “Inter-generational Effect of Parental Time and Its Policy Implication,” Journal of Economic Dynamics and Control, 2013, Vol.37(9), 1833-51, with Gulfer Cengiz

15. “Consumption Smoothing and Portfolio Rebalancing: The Effects of Adjustment Costs,” Journal of Monetary Economics, 2012, Vol. 59 (8), 751-768, with Russell Cooper and Yosef Bonaparte

16. “European Public Real Estate Market Integration,” Applied Financial Economics, 2005, Vol.15(3), 895-905, with Jian Yang and James Kolari

17. “Is Provincial Economic Growth Convergent in China?” China Economic Quarterly (Chinese), 2014, Vol.13(3), 1171-1194, with Jihai Yu and Kunyuan Qiao

18. “A Quantitative Evaluation of Recent Regulatory Housing Policy in China," China Economic Quarterly (Chinese), 2013, Vol.13(1), 103-126, with Se Yan

19. “Will the Soaring Housing Prices Reduce Aggregate Consumption? A Theoretical Study Based on Lifecycle Model,” Management World (Chinese), 2013, Vol. 3, with Se Yan

20. “Age-specific Rise of Income and Consumption Inequality,” Economics E-journal Discussion Paper,

2013, No. 21, Kiel Institute for the World Economy

21. "How Does Land Policy Affect the Size Distribution of Chinese Cities?" Working paper, with Emilson Silva and Jihai Yu

22. “Household Finance in China,” NBER working paper w23741, with Russell Cooper

23. “Housing Consumption Inequality over Lifecycle: A Puzzle,” working paper

24. “Housing Decisions Under Uncertain Income,” working paper

25. “Housing, Mortgage and Personal Bankruptcy Over the Lifecycle,” working paper, with Vyacheslav Mikhedy and Barry Scholnick