Misallocation Under Trade Liberalization
with Yan Bai and Dan Lu
July 2021 revise and resubmit, American Economic Review

The One Child Policy and Household Saving
with Taha Choukhmane and Nicolas Coeurdacier UNDER REVISION
July 2017


The Puzzling Change in the Transmission of U.S. Macroeconomic Policy Shocks
with Ethan Ilzetzki, Journal of International Economics, Accepted.
May 2020

International Transmission With Heterogeneous Sectors
with Nan Li
October 2018 American Economic Journal: Macroeconomics 10 (4): 36-76

Credit constraints and Growth in a Global Economy
with Nicolas Coeurdacier and Stephane Guibaud
2015 American Economic Review 105 (9): 2838-81

AEA Review of "Are Credit Constraints Responsible for Low Interest rates?"

long working paper vision

Fertility and Social Security Policies in China
with Nicolas Coeurdacier and Stephane Guibaud
August 2014 IMF Economic Review, 62 (3), 371-408

Industrial Structure and Financial Capital Flows
August 2012 American Economic Review 2012, 102(5): 2111-2146.

Short slides

Composition and Growth Effects of the Current Account: A Synthesized Portfolio View
with Kai Guo
September 2009 Journal of International Economics.


TRANS-SOVEREIGN NETWORKS - China’s Role in the New Global Order
July 2019 Bretton Woods@75 Compendium

China’s Ascent
June 2019 FINANCE & DEVELOPMENT, JUNE 2019, VOL. 56, NO. 2

China's Steroid Model of Growth
April 2018 Meeting Globalization's Challenges, Princeton Press, forthcoming

International Trade and International Capital Flows: A Theoretical Perspective
September 2010 The Encyclopedia of Financial Globalization