Publications:

• Commitment versus Flexibility and Sticky Prices: Evidence from Life Insurance, joint with Pei Cheng Yu, Forthcoming at Review of Economic Dynamics

• Efficient Consolidation of Incentives for Education and Retirement Savings, joint with Pei Cheng Yu, Forthcoming at AEJ: Macro

• Borrowing into Debt Crises, Quantitative Economics, 2023, 14, 277–308, joint with George Stefanidis

• Learning about Debt Crises, AEJ: Macroeconomics, 2023, 15(1), 106-134

Working Papers:

• Capital Regulation and Shadow Finance: A Quantitative Analysis, joint with Hyunju Lee and Sunyoung Lee, Conditionally Accepted at Restud

• Intangible Capital and Shadow Financing, joint with Hyunju Lee

• The Ultralong Sovereign Default Risk

• Multiplicity in Sovereign Default Models: Calvo Meets Cole-Kehoe, joint with Joao Ayres

Research in Progress:

• Optimal Capital Regulation: Micro Evidence and Macro Implications, joint with Hyunju Lee
• Trade Costs and Financial Frictions: A Horse Race, joint with Hyunju Lee
• Optimal Incentives for Dynastic Educational Investments, joint with Pei Cheng Yu

Research Statement (October 2022)

Discussions:

• Baskaya, Hardy, Kalemli-Ozcan, Yue (2022): Sovereign Risk and Bank Lending: Theory and Evidence from a Natural Disaster
• Arellano, Bai, Mihalache (2018): Inflation Target with Sovereign Default Risk