Publications
- “The Limits of onetary Economics: On Money as a Constraint on Market Power”, with Ricardo Lagos, Econometrica 90.3 (2022): 1177-1204.
- “Equilibrium Securitization with Diverse Beliefs”, with Andrew Ellis and Michele Piccione, Theoretical Economics, 17 (2022), 121–152.
- “Monetary Exchange in Bilateral Over-the-Counter Markets”, with Ricardo Lagos, 2019, at Review of Economic Dynamics, 33, 205-227; NBER Working Paper 25239, November 2018.
- “Turnover Liquidity and the Transmission of Monetary Policy”, with Ricardo Lagos, 2020, American Economic Review, 110 (6): 1635-72; NBER Working Paper 25106, September 2018.
- “The Role of Firm Factors in Demand, Cost, and Export Market Selection for Chinese Footwear Producers”, with Mark Roberts, Daniel Xu and Xiaoyan Fan, Review of Economic Studies 85.4(2017): 2429-2461.
- “Liquidity Misallocation in an Over-The-Counter Market”, Journal of Economic Theory, Volume 174, March 2018, Pages 16-56.
- “Rehypothecation and Liquidity”, with David Andolfatto and Fernando Martin, European Economic Review, Volume 100, 2017, Pages 488-505.
Working Papers
- “The Limits of onetary Economics: On Money as a Medium of Exchange in Near-Cashless Credit Economies”, with Ricardo Lagos.
- “Monetary Exchange in Over-the-Counter Markets: A Theory of Speculative Bubbles, the Fed Model, and Self-fulfifilling Liquidity Crises”, with Ricardo Lagos, NBER Working Paper 21528,September 2015.
- “Endogenous Market Making and Network Formation”, with Briana Chang, revise and resubmit at Journal of Economic Theory.
- “Risk Concentration and Interconnectedness in OTC Markets”, with Briana Chang.
- “Credit Horizons”, with Nobuhiro Kiyotaki and John Moore, CICM Best Paper Award.
- “Intangibles, Inequality, and Stagnation”, with Nobuhiro Kiyotaki.
- “Dynamic Asset-Backed Security Design”, with Emre Ozdenoren and Kathy Yuan, revise and resubmit at Review of Economic Studies.
- “Safe Assets as Balance Sheet Multiplier”, with Emre Ozdenoren and Kathy Yuan.
- “The Risk-Taking Channel of Banks’ Debt and Monetary Policy”, with Stephan Imhof and CyrilMonnet.
- “Dynamic Contagion through Collateralised Lending”.
- “Market Runs: Liquidity and the Value of Information”, with Klaus-Peter Hellwig.
Awards and Honors
- Excellence in Education award, LSE, July 2021
- Visiting Research Fellowship, Economics Department, European University Institute, March – June 2016.
- Weatherall Visiting Scholar, Department of Economics, Queen’s University, April 2015.
- Dissertation Intern, Federal Reserve Bank of St. Louis, summer 2013.
- selected as a Dissertation Intern at Federal Reserve Bank of New York, summer 2013.
- Henry M. MacCracken Fellowship, New York University, 2008-2014.
- First Prize of People’s Scholarship, Fudan University, 2006.
- Fellowship for the exchange program at Queen’s University, 2007.
- Outstanding Student of Fudan University, 2007.
Teaching Experience
- The Economics of Growth (undergraduate), 2022, UCL.
- Advanced Macro Topics: Finance in Macroeconomics (undergraduate), 2015 - 2021, LSE.
- Advanced Macro Topics: Finance in Macroeconomics (2nd year Ph.D. course), 2014 - 2021, LSE.
- Labor Market in Macroeconomics (1st year Ph.D. course), 2014 - 2016, LSE.
- Math for Macroeconomics (master level), 2014 - present, LSE.
- Optimization and Dynamics (math for 1st year Ph.D. students), June 2016, Study Center Gerzensee.
- Teaching Assistant, Statistics and Econometrics I, II (MA level), NYU, Fall 2012-Spring 2013.
- Teaching Assistant, Advanced Macroeconomics II (1st year Ph.D. course), NYU, Spring 2010.
- Teaching Assistant, Quantitative Economics (Undergraduate), Fudan University, Fall 2007.
