Research

[1] “Habit formation and news-driven business cycles”, with Fengqi Liu and Jianpo Xue. Review of Economic Dynamics, (2025). [PDF] [Code]

[2] “Should macroprudential policy be countercyclical?” with Yoske Igarashi. Journal of Economic Dynamics and Control, (2024). [PDF] [Code]

[3] “Credit expansion, bank liberalization, and structural change in bank asset accounts” with Michael Fan. Journal of Economic Dynamics and Control, (2021). [PDF] [Code]

[4] “Bank equity and macroprudential policy”. Journal of Economic Dynamics and Control, (2016). [PDF] [Code]

[5] “Stationarity of econometric learning with bounded memory and a predicted state variable”, with Tatiana Damjanovic and Sarunas Girdenas. Economics Letters, (2015). [PDF] [Code]

[1] “Bank balance sheet cycles”.

[2] “Bank asset structures and monetary transmission”.

[3] “News-driven business cycles revisited: shock persistence matters”, with Kevin X.D. Huang, Fengqi Liu, and Jianpo Xue.

[4] “Bank default risk, limited liability, and overborrowing”, working in progress.

[5] “A narrow banking model” with Timothy Jackson, working in progress.

[6] “Learning and monetary policy in a medium-scale DSGE model” with Sarunas Girdenas.