Publications
- "Industrial Policies in Production Networks" [online appendix] [Slides for 10-min and 60-min talks] [VoxDev summary]
Quarterly Journal of Economics, November 2019, Volume 134, Issue 4
- "A Dynamic Theory of Multiple Borrowing", with Daniel Green
Journal of Financial Economics, February 2021, Volume 139, Issue 2
- "Low Interest Rates, Market Power, and Productivity Growth", with Atif Mian and Amir Sufi [online appendix]
Econometrica, January 2022, Volume 90, Issue 1
- "Contractual Restrictions and Debt Traps", with Ben Roth
Review of Financial Studies, March 2022, Volume 35, Issue 3
- "Dynamic Spatial General Equilibrium", with Benny Kleinman and Stephen Redding [online appendix] [online supplement] [model economy toolkit]
Econometrica, March 2023, Volume 91, Issue 2 (lead article)
- "Investing with the Government: A Field Experiment in China", with Emanuele Colonnelli and Bo Li
Forthcoming, Journal of Political Economy
- "A Dynamic Model of Input-Output Networks", with Aleh Tsyvinski
Forthcoming, Review of Economic Studies
- "International Friends and Enemies", with Benny Kleinman and Stephen Redding [online appendix] [VoxDev summary]
Forthcoming, American Economic Journal: Macroeconomics
Working Papers
- "Innovation Networks and R&D Allocation", with Song Ma
Revise and resubmit, Econometrica
- "Falling Rates and Rising Superstars", with Thomas Kroen, Atif Mian, and Amir Sufi
Reject and resubmit, American Economic Review
- "Market Power in Small Business Lending: A Two-Dimensional Bunching Approach", with Natalie Cox and Daniel Morrison
Revise and resubmit, Journal of Financial Economics
- "The Economic Cost of Locking Down Like China: Evidence from City-to-City Truck Flows"
with Jingjing Chen, Wei Chen, Jie Luo, and Michael Zheng Song
Revise and resubmit, Journal of Urban Economics
- "Court Capture, Local Protectionism, and Economic Integration: Evidence from China"
with Yi Lu, Wenwei Peng, and Shaoda Wang
- "Neoclassical Growth in an Interdependent World"
with Benny Kleinman, Stephen Redding, and Moto Yogo
- "Lemon Cycles", with Feng Dong
- "The Linear Algebra of Economic Geography Models", with Benny Kleinman and Stephen Redding [online appendix]
- "Data Sales and Data Dilution", with Song Ma and Laura Veldkamp