Selected Publications

"Optimal Dynamic Tax-Transfer Policies in Heterogeneous-Agents Economies"
with Yi Wen
Federal Reserve Bank of St. Louis Working Paper 2023-009A, May 2023

"Optimal Fiscal Policy under Capital Overaccumulation"
with Yi Wen
Macroeconomic Dynamics, Sep 2023, Vol. 27, No. 6, pp. 1706-1736
Working Paper
https://doi.org/10.1017/S1365100522000414

"The Ramsey Steady-State Conundrum in Heterogeneous-Agent Economies"
with Yi Wen
Federal Reserve Bank of St. Louis Working Paper 2022-009D, February 2023

"Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences"
with Yi Wen
Review of Economic Dynamics, Oct 2022, Vol. 46, No. None, None, pp. 124-160
Working Paper
https://doi.org/10.1016/j.red.2021.08.004

"Credit Expansion and Markups"
with  Hyungsuk Lee and  Junsang Lee
Federal Reserve Bank of St. Louis Review, Fourth Quarter 2022
https://doi.org/10.20955/r.104.297-316

"Implications Of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in An Endowment Economy"
with  Harold L. Cole and  Hanno Lustig
Review of Economic Dynamics, April 2016, Vol. 20, pp. 215-239
Working Paper
https://doi.org/10.1016/j.red.2015.02.001

"The Risk Premium and Long-run Global Imbalances"
with  Kanda Naknoi
Journal of Monetary Economics, November 2015, Vol. 76, pp. 299-315
Working Paper
https://doi.org/10.1016/j.jmoneco.2015.04.001

"Understanding The Distributional Impact of Long-Run Inflation"
with  Gabriele Camera
Journal of Money, Credit, and Banking, September 2014, Vol. 46, No. 6, pp. 1137-1170
Working Paper
https://doi.org/10.1111/jmcb.12136

"Is the Volatility of the Market Price of Risk Due to Intermittent Portfolio Re-balancing?"
with  Harold L. Cole and  Hanno Lustig
American Economic Review, Oct 2012, Vol. 102, No. 6, pp. 2859-2896
Program code
Appendix
https://doi.org/10.1257/aer.102.6.2859

"A Multiplier Approach to Understanding the Macro Implications of Household Finance"
with  Harold L. Cole and  Hanno Lustig
Review of Economic Studies, January 2011, Vol. 78, No. 1, pp. 199-234
Program code
https://doi.org/10.1093/restud/rdq008