Research Interests

macroeconomics,  networks, firm and industry dynamics, information frictions,  search and matching theory, business cycles

Working Papers

1. Innovation and Endogenous Knowledge Network Dynamics (with Jie Cai) updated Jan 9, 2022. (new draft coming soon!)
2. The Price Theory and Empirics of Inventory Management (with Fei Li, Charles Murry, and Yiyi Zhou, r&r at International Economic Review)

Publications

1. Learning and Firm Dynamics in a Stochastic Equilibrium, the Journal of Economic Theory, Volume 203, July 2022, 105486. 
2. Input-Output Linkages in Pigouvian Industrial Fluctuations, Journal of Monetary Economics, Volume 117, January 2021, Pages 1078-1095. pre-print version.
3. Firm-Level Entry and Exit Dynamics Over the Business Cycles​, also see the old version. European Economic Review, Volume 102, February 2018, Pages 298-326.
4. Riskiness, Endogenous Productivity Dispersion and Business Cycles, Journal of Economic Dynamics and Control, Volume 57, August 2015, Pages 227–249. slides.
5. Directed Search and Job Rotation (with Fei Li), the Journal of Economic Theory, Volume 148, Issue 3, May 2013, Pages 1268–1281.

Work in Progress

1. Competitive Network Formation
2. Policy Expectations in Production Networks
3. Dynamics of Knowledge Networks and Input-Output Table (with Jie Cai)