Published or Forthcoming Papers
1. Capital Spillover, House Prices, and Consumer Spending: Quasi-Experimental Evidence from House Purchase Restrictions (with Yinglu Deng, Li Liao and Jiaheng Yu, Review of Financial Studies, Volume 35, Issue 6, June 2022, Pages 3060–3099) [SSRN][PDF]
- CFRC 2019, CICF 2019, AMES 2019, SJTU-UCL Macro Finance 2019, China Economics Summer Institute 2019, CCERSI 2019, NBER-SAIF Research Conference 2021, Jinan IESR, SHUFE, Wisconsin
2. Transmission of Income Variations to Consumption Variations: The Role of the Firm (with Miao Jin, Yu-Jane Liu and Juanjuan Meng, Review of Economics and Statistics, Volume 106, Issue 2, March 2024, Pages 423-436) [SSRN][PDF]
- SED Annual Meeting 2021, Nanchang Macroeconomics Workshop, Tsinghua Alumni Workshop, Renmin University, Zhejiang University
3. Social Embeddedness and Supply Chains: Doing Business with Friends vs. Making Friends in Business (with Haoyuan Ding, Yichuan Hu, Han Jiang and Jing Wu, Production and Operations Management, Volume 32, Issue 7, July 2023, Pages 2154-2172) [SSRN]
4. Global Supply Chain and Cross-Border Financing (with Michael Hertzel, Jie Peng and Jing Wu, Production and Operations Management, Volume 32, Issue 9, September 2023, Pages 2885-2901) [SSRN]
- CICF 2021*, MSOM SIG 2019* , POMS 2019*, EMPOM 2019* , TWIF 2019, INFORMS 2018* , SHUFE, Tsinghua PBCSF, , Renmin University, CityUHK* , Georgetown* , GMU* , GWU* , HKU* , MIT IDSS*
5. Bubbly Bitcoin (with Feng Dong and Zhiwei Xu, Economic Theory, Volume 74, 2022. pg. 973–1015) [SSRN][PDF]
- AMES 2019, PHBS Workshop in Macro and Finance 2018, Guanghua FinTech Symposium, CUFE*
6. How Household Consumption Responds to Credit Card Refunds (with Yonghao Xu, Juanjuan Meng and Jeffrey Koo, January 2021, 109683, Economics Letters) [SSRN][PDF]
Working Papers
Household finance and macro-finance
1. The Effect of House Prices on Fertility: Evidence from House Purchase Restrictions (with Ziqian Liu, NEW) [PDF] [SSRN]
2. Hedging by Giving: Spiritual Insurance and Religious Donations (with Yu-Jane Liu, Juanjuan Meng and Dalin Sheng, UPDATED) [PDF]
- Stanford SITE 2023, IIPF 2023, AMES 2023 Tsinghua*, AMES 2023 Singapore*, CFRC 2022, CICF 2022, UIBE, Peking University, NYU Shanghai
3. Expected Return Shocks and Portfolio Rebalancing (with Ming Gao and Bin Jia) [PDF]
- AsRES 2023, University of Oregon, CUHK, ShanghaiTech, Tongji SEM, China Academy of Social Sciences
4. Wealth Dynamics and the Chinese Housing Boom [PDF][Slides]
- NBER Chinese Economy 2017, SED 2017, CICE 2018, Princeton, CityUHK, PKU GSM, SAIF, SHUFE, SJTU Antai, Tsinghua SEM
- Previously circulated as "Liquidity Constraint, Transition Dynamics, and the Chinese Housing Return Premium"
5. Peer Effects in the Hierarchy: Evidence from the Workplace (with Yu-Jane Liu, Miao Jin and Juanjuan Meng) [PDF]
- China Meeting of the Econometrics Society 2021*
6. Present Bias, Mental Budget Constraint, and the Payday Overconsumption Puzzle (with Yonghao Xu, Juanjuan Meng, and Jeffrey Koo) [PDF]
7. Big Data Analyses with No Footprint Available – Evidence from Cyber-Telecom Fraud (with Laura X. Liu, Yufei Liu and Xinghua Ruan) [SSRN][PDF]
- ACDE 2022, China Meeting of the Econometrics Society 2021*, CICF 2021, CFRC 2021, EasternFA, SWFA, Fudan
Supply chain and finance
8. Green Image Management in Supply Chains: Strategic Disclosure of Corporate Suppliers (with Yilin Shi, Jing Wu and Yuqing Zhou, Reject and Resubmit, Journal of Accounting and Economics) [SSRN][PDF]
- WFA 2022*, Australasian Finance and Banking Conference 2021*, CSAMSE 2021*, Michigan*, Cornell*, Nankai, CUFE, PKU*, CUHK*
- 2021 CSAMSE Annual Conference Best Paper Finalist
*Asterisks indicate presentations by coauthor(s).
Permanent Working Papers
Heterogeneity in Consumption Responses to Long-lasting Income Shocks (updated March 2015) [PDF]