CURRENT WORKING PAPERS

• OPTIMAL TRADE POLICY WITH INTERNATIONAL TECHNOLOGY DIFFUSION WITH YAN BAI, DAN LU AND HANXI WANG
  WORKING PAPER, FEBRUARY 2024
  
  
• TECHNOLOGICAL RIVALRY AND OPTIMAL DYNAMIC POLICY IN AN OPEN ECONOMY WITH YAN BAI AND DAN LU
  WORKING PAPER NBER 1703, REVISE AND RESUBMIT, JOURNAL OF POLITICAL ECONOMY- MACROECONOMICS MARCH 2024———————————————————————————————————————————————————
  

  PUBLICATIONS

• MISALLOCATION UNDER TRADE LIBERALIZATION WITH YAN BAI AND DAN LU
  AMERICAN ECONOMIC REVIEW, ACCEPTED SEPTEMBER 2023
  
  
• THE ONE CHILD POLICY AND HOUSEHOLD SAVING WITH TAHA CHOUKHMANE AND NICOLAS COEURDACIER
  JOURNAL OF EUROPEAN ECONOMIC ASSOCIATION, 21 (3): 987-1032, JUNE 2023.
  
  
• THE PUZZLING CHANGE IN THE TRANSMISSION OF U.S. MACROECONOMIC POLICY SHOCKS WITH ETHAN ILZETZKI
  JOURNAL OF INTERNATIONAL ECONOMICS, (130), MAY 2021
  
  
• INTERNATIONAL TRANSMISSION WITH HETEROGENEOUS SECTORS WITH NAN LI
  AMERICAN ECONOMIC JOURNAL: MACROECONOMICS 10 (4): 36-76, OCTOBER 2018
  
  
• CREDIT CONSTRAINTS AND GROWTH IN A GLOBAL ECONOMY WITH NICOLAS COEURDACIER AND STEPHANE GUIBAUD
  AMERICAN ECONOMIC REVIEW 105 (9): 2838-81, 2015
  
• SLIDES · FULL PAPER
  
  
• FERTILITY AND SOCIAL SECURITY POLICIES IN CHINA WITH NICOLAS COEURDACIER AND STEPHANE GUIBAUD
  IMF ECONOMIC REVIEW, 62 (3), 371-408, AUGUST 2014
  
  
• INDUSTRIAL STRUCTURE AND FINANCIAL CAPITAL FLOWS
  AMERICAN ECONOMIC REVIEW 2012, 102(5): 2111-2146, AUGUST 2012
• SLIDES
  
  
  
• COMPOSITION AND GROWTH EFFECTS OF THE CURRENT ACCOUNT: A SYNTHESIZED PORTFOLIO VIEW WITH KAI GUO
  JOURNAL OF INTERNATIONAL ECONOMICS, SEPTEMBER 2009 ———————————————————————————————————————————————————
  

  BOOK CHAPTERS

• Digital Economy and Financial Innovation (Chinese)
  CHINA FINANCIAL PUBLISHING HOUSE, JUNE 2022
  
  
• TRANS-SOVEREIGN NETWORKS - China’s Role in the New Global Order
  BRETTON WOODS@75 COMPENDIUM, JULY 2019
  
  
• CHINA’S ASCENT
  FINANCE & DEVELOPMENT, JUNE 2019, VOL. 56, NO. 2, June 2019
  
  
• CHINA’S STEROID MODEL OF GROWTH
  MEETING GLOBALIZATION’S CHALLENGES, PRINCETON PRESS, FORTHCOMING, APRIL 2018
  
  
• International Trade and International Capital Flows: A Theoretical Perspective
  THE ENCYCLOPEDIA OF FINANCIAL GLOBALIZATION, SEPTEMBER 2010