Quantifying Reduced-Form Evidence on Collateral Constraints [Abstract] [Paper]

with Sylvain Catherine, Thomas Chaney, David Sraer, and David Thesmar
Journal of Finance, 2022

The Risk of Implicit Guarantees: Evidence from Shadow Banks in China [Abstract] [Paper]
with Xiang Shao and Ji Huang
Review of Finance, forthcoming

Asset-side Bank Runs and Liquidity Rationing: A Vicious Cycle 

[Updated Nov. 2022] [Abstract] [Paper]

Major Revision, Management Science

Selected presentations: AFA(2018), EFA(2023)

Security-bid Auctions with Information Acquisition [Updated Nov. 2022] [Abstract] [Paper]
with Yunan Li
Selected presentations: Royal Economic Society(2021), SWFA(2021), Econometric Society North America Meeting(2021), Econometric Society China Meeting(2021)

Economic Policy Uncertainty, Safe Assets, and Bank's Implicit Guarantee [Coming Soon] [Abstract] [Paper]
with Xiang Shao and Ji Huang

Dynamic Optimal Taxation with Endogenous Skill Premia [Abstract] [Paper]
with Jason Ravit and Michael Sockin
Selected presentations: Econometric Society North America Meeting(2017)

Haircuts and Credit Risk over the Cycle [Abstract]
Selected presentations: Econometric Society World Congress(2015)