团队

Publications in Refereed Journals:

• “Ambiguity, Information Processing, and Financial Intermediation,”
  (with Leyla Jianyu Han and Kenneth Kasa), Journal of Economic Theory 222, 2024, 105922.
• “Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism,”
  (with Qichun He, Jun Nie, and Heng-fu Zou), Review of Economic Dynamics 47, 2023, pp. 346-372.
• “Ignorance, Pervasive Uncertainty, and Household Finance,”
  (with Jun Nie and Haijun Wang), Journal of Economic Theory 199, 2022, 105204.
• “Robust Investment Strategies with Two Risky Assets,”
  (with Qian Lin and Xianming Sun), Journal of Economic Dynamics and Control 134, 2022, 104275.
• “Ambiguity, Low Risk-Free Rates, and Consumption Inequality,”
  (with Jun Nie and Eric R. Young), The Economic Journal 130(632), 2020, pp. 2649-2679.
• “Portfolio Choice with Information-Processing Limits,”
  (with Altantsetseg Batchuluun and Eric R. Young), Annals of Economics and Finance 20(1), 2019, pp. 137-162.
• “Rational Inattention and the Dynamics of Consumption and Wealth in General Equilibrium,”
  (with Jun Nie, Gaowang Wang, and Eric R. Young), Journal of Economic Theory 172, 2017, pp. 55-87.
• “Elastic Attention, Risk Sharing, and International Comovements,”
  (with Wei Li and Jun Nie), Journal of Economic Dynamics and Control 79, 2017, pp. 1-20. (Lead Article)
• “Robustly Strategic Consumption-Portfolio Rules with Informational Frictions,”
  Management Science 63(12), 2017, pp. 4158-4174.
• “Induced Uncertainty, Market Price of Risk, and the Dynamics of Consumption and Wealth,”
  (with Eric R. Young), Journal of Economic Theory 163, 2016, pp. 1-41. (Lead Article)
• “Long-run Consumption Risk and Asset Allocation under Recursive Utility and Rational Inattention,”
  (with Eric R. Young), Journal of Money, Credit and Banking 48(2-3), 2016, pp. 325-362.
• “Attention Misallocation, Social Welfare, and Policy Implications,”
  (with Heng Chen and Guangyu Pei), Journal of Economic Dynamics and Control 59, 2015, pp. 37-57.
• “Slow Information Diffusion and the Inertial Behavior of Durables Consumption,”
  (with Jun Nie and Eric R. Young), Journal of the European Economic Association 13(5), 2015, pp. 805-840.
• “Model Uncertainty and Intertemporal Tax Smoothing,”
  (with Jun Nie and Eric R. Young), Journal of Economic Dynamics and Control 45, 2014, pp. 289-314.
• “Robust Control, Informational Frictions, and International Consumption Correlations,”
  (with Jun Nie and Eric R. Young), European Economic Review 67, 2014, pp. 1-27. (Lead Article)
• “Signal Extraction and Rational Inattention,”
  (with Eric R. Young), Economic Inquiry 52(2), 2014, pp. 811-829.
• “Robustness, Information-processing Constraints, and the Current Account in Small Open Economies,”
  (with Jun Nie and Eric R. Young), Journal of International Economics 88(1), 2012, pp. 104-120.
• “Rational Inattention, Long-run Consumption Risk, and Portfolio Choice,”
  Review of Economic Dynamics 13(4), 2010, pp. 843-860.
• “Asset Pricing under Information-processing Constraints,”
  (with Eric R. Young), Economics Letters 107(1), 2010, pp. 26-29.
• “Risk-sensitive Consumption and Savings under Rational Inattention,”
  (with Eric R. Young), American Economic Journal: Macroeconomics 2(4), 2010, pp. 281-325.
• “A Note on Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity,”
  (with Liutang Gong and Heng-fu Zou), Macroeconomic Dynamics 14(2), 2010, pp. 269-284.
• “The Spirit of Capitalism and Excess Smoothness,”
  (with Williams T. Smith and Heng-fu Zou), Annals of Economics and Finance 10(2), 2009, pp. 281-301.
• “Rational Inattention and Aggregate Fluctuations,”
  (with Eric R. Young), The B.E. Journal of Macroeconomics: Vol. 9: Iss. 1 (Contributions), 2009, Article 14, pp. 1-41.
• “The Spirit of Capitalism, Precautionary Savings, and Consumption,”
  (with Williams T. Smith and Heng-fu Zou), Journal of Money, Credit and Banking 41(2-3), 2009, pp. 543-554.
• “The Wealth Distribution and the Demand for Status,”
  (with Eric R. Young), Macroeconomic Dynamics 13(S1), 2009, pp. 1-30. (Lead Article)
• “Consumption Dynamics under Information Processing Constraints,”
  Review of Economic Dynamics 11(2), 2008, pp. 366-385.

Book Chapters:

• “Model Uncertainty, State Uncertainty, and State-Space Models,”
  (with Jun Nie and Eric R. Young), in State Space Models — Application in Economics and Finance, Springer-Verlag, 2012.
• “Social Status and the Term Structure of Interest Rates in Stochastic Production Economies,”
  (with Liutang Gong and Heng-fu Zou), in Economic Dynamics: Theory, Games and Empirical Studies, Nova Science Publisher, 2009.