Publications
1. Friedman Redux: Restricting Monetary Policy Rules to Support Flexible Exchange Rates, 2005, with Michael B. Devereux and Juanyi Xu, Economics Letters, vol. 87(3), pages 291-299.
2. Optimal Monetary Policy with Vertical Production and Trade, August 2007, with Juanyi Xu, Review of International Economics, vol.15 (3), 514–537.
3. Global Monetary Policy under a Dollar Standard, March 2007, with Michael B. Devereux and Juanyi Xu, Journal of International Economics, vol.71, pages 113-132.
4. Entry Cost, Tobin Tax, and Noise Trading on the Foreign Exchange Market, with Juanyi Xu, November 2009, Canadian Journal of Economics, Volume 42 Issue 4, Pages 1501 - 1526.
5. What Accounts for Chinese Business Cycle, with Terence Chong and Qing He, October 2008, China Economic Review, Volume 20 Issue 4, Pages 650-661.
6. Oil Currency and the Dollar Standard, with Michael B. Devereux and Juanyi Xu, June 2010, Journal of Money, Credit and Banking, Volume 42 Issue 4, page 521-550 .
7. Twin Dollarization and Exchange Rate Policy, with Juanyi Xu, May 2010, Journal of International Economics, Volume 81, Issue 1, Pages 109-121
8. Intermediate Good Trade and Exchange Rate Pass-through, with Juanyi Xu, June 2010, Journal of Macroeconomics, 32, 571-583.
9. Sectoral Labor Mobility and Monetary Policy in Small Open Economies, December 2011, Journal of Macroeconomics, 33, Issue 4, Pages 634-643.
10. Shock Persistence and Current Account Dynamics, 2011 August, Economics Bulletin, Vol. 31 no.3 pp. 2260-2271.
11. Diversity and Scale Effect, with Travis Ng and Shiyuan Pan, Applied Economics Letters, Volume 19, Issue 16, 2012
12. Vertical Trade and China’s Export Dynamics, with Wei Liao and Zhiwei Zhang, China Economic Review, Volume 23, Issue 4, December 2012, Pages 763–775.
13. Oil Price Stabilization and Global Welfare, with Qing Liu, Zhouheng Wu, and Juanyi Xu, Journal of Development Economics, vol. 111, November 2014, Pages 246-260.
14. On the Connection between Intra-temporal and Intertemporal Trades, with Jiandong Ju and Shang-jin Wei, Journal of International Economics, vol.92, s36-51, 2014.
15. Input Substitution, Export Pricing, and Exchange Rate Policy, with Juanyi Xu and Xiaopeng Yin, Journal of International Money and Finance, Volume 51, March 2015, Pages 26–46
16. A Study of Interest Rate Transmission Dynamics, with Jun Ma, Honglin Wang, and Lisheng Wang, Journal of Financial Research (金融研究), January 2016
17. Excess Liquidity and Credit Misallocation: Evidence from China, with Shiyuan Pan, Lisheng Wang and Juanyi Xu, China Economic Journal,, Vol 10, 2017, issue 3.
18. Local Government Debt and Corporate Leverage, with Yousha Liang, Juanyi Xu, and Lisheng Wang, Asian Economic Policy Review, July 2017, Volume 12, Issue 2.
19. Development through Electrification: Evidence from Rural China, with Haoyuan Ding and Con Qin, China Economic Review, August 2018, Volume 50, Pages 31-328.
20. Exchange Rate Volatility and Trade: The Role of Credit Constraints, with Shu Lin and Haichun Ye, Review of Economic Dynamics, October 2018, Volume 30, Pages 203-222.
21. Fluctuation and Reform: a Tale of Two RMB Markets, with Yousha Liang, Lisheng Wang, and Juanyi Xu, China Economic Review, Volume 53, February 2019, Pages 30-52.
22. Do Privileged Benefit from the Government-initiated Microfinance: Evidence from Rural China, with Haoyuan Ding and Cong Qin, Journal of Comparative Economics, Volume 46, Issue 4, December 2018, Pages 1253-1272.
23. Nonlinear Capital Flow Tax: Capital Flow Management and Financial Crisis Prevention in China, with Jiandong Ju, Li Li, Guangyu Nie and Shang-jin Wei, China and World Economy, Volume 27, July-August, 2019.
24. Structure Changes and Real Exchange Rate, with Jiandong Ju, Justin Lin, and Qing Liu, Journal of International Money and Finance, Volume 107, October 2020, 102192.
25. SOE and Chinese RBC, with Daoju Peng and Juanyi Xu, Annals of Economics and Finance, Volume,21-2, November 2020, Pages 415–469.
26. Exchange Rates, Local Currency Pricing, and International Tax Policies, with Sihao Chen, Michael Devereux, and Juanyi Xu, NBER working paper No. 25111, Journal of Monetary Economics, Volume, 117, January 2021, Pages 460-472.
27. Trade Reforms and Global Current Account Imbalances, with Jiandong Ju and Shang-jin Wei, NBER Working Paper, No.18653, Journal of International Economics, Volume 131, July 2021.
28. Pandemic and Containment Policies in Open Economy, with Yousha Liang, Junjie Tang, and Juanyi Xu, Journal of International Money and Finance, Volume 125, July 2022, 102637.
29. Consumption Heterogeneity and Optimal Monetary Policy in Open Economy, with Sihao Chen, Michael Devereux, and Juanyi Xu, NBER working paper 29835, 2022, Journal of Monetary Economics, Volume 140, November 2023, Pages 1-15.
30. Learning from Exporting: Evidence from Patent Citations in China, with Yousha Liang, Hanyi, Tao, and Juanyi Xu, accepted at the Journal of International Economics, March 2024.