Job Market Paper
Distrust and Cryptocurrency (with Bo Tang) September 2020
--- Distrust in domestic institutions contributes to cryptocurrency demand.
--- Distrust in domestic institutions contributes to cryptocurrency demand.
Working Papers
Redeemable Platform Currencies (with Kenneth Rogoff) February 2020, R&R Review of Economic Studies
--- A model of digital currency backed by redemptions on internet platforms. We discuss the platform currency features and optimal design.
Converging to Convergence (with Michael Kremer, and Jack Willis) August 2020, Accepted NBER Macroeconomic Annual 2021
--- Absolute convergence holds in the recent two decades. Institutions also converge and contribute to the economic convergence.
Persistence through Revolutions (with Alberto Alesina, Marlon Seror, David Yang, and Weihong Zeng) August 2020, [Submitted]
--- Intergenerational Income persistence across Communist revolutions in China. The paper emphasizes the importance of intra-household culture transmission.
Language Unification and Identity
Low-quality Issuance (with Shushu Liang)
Millionaire or Tiger Parents (with Chao Fu and Tianwang Liu)
--- A model of digital currency backed by redemptions on internet platforms. We discuss the platform currency features and optimal design.
Converging to Convergence (with Michael Kremer, and Jack Willis) August 2020, Accepted NBER Macroeconomic Annual 2021
--- Absolute convergence holds in the recent two decades. Institutions also converge and contribute to the economic convergence.
Persistence through Revolutions (with Alberto Alesina, Marlon Seror, David Yang, and Weihong Zeng) August 2020, [Submitted]
--- Intergenerational Income persistence across Communist revolutions in China. The paper emphasizes the importance of intra-household culture transmission.
Language Unification and Identity
Low-quality Issuance (with Shushu Liang)
Millionaire or Tiger Parents (with Chao Fu and Tianwang Liu)
Publications
Bubbles for Fama (with Andrei Shleifer and Robin Greenwood) January 2019, Journal of Financial Economics
--- Empirical predictability in stock market bubble
--- JFE Fama-DFA Best Paper Award
--- Empirical predictability in stock market bubble
--- JFE Fama-DFA Best Paper Award
