Working Papers

  1. “Understanding the Risk of China’s Local Government Debts and Its Linkage with Property Markets,” with Brent Ambrose, Yongheng Deng, and Jing Wu. (SSRN #2557031, 2nd Revise & Resubmit at Management Science)
  2. “Subsidized Credit Supply and the Housing Market: Evidence from the Housing Provident Fund System in China,” with Yu Qin, Qiuyi Wang, and Jing Wu. (SSRN #4702189, Revise & Resubmit at Management Science)
  3. “Public Housing and Market Segmentation: Evidence from the Joint Property Ownership Scheme in China,” with Shidong Su, Fan Zhang, and Yanjiang Zhang. (SSRN #4602075, Revise & Resubmit at Regional Science and Urban Economics)
  4. “Not in the Spread: Developer Defaults, Municipal Borrowing, and Bank Absorption in China,” with Yixun Tang and Yu Zhang. (SSRN #5466374)
  5. “The Labor Market Effect of Mandated Benefits: Evidence from China’s Housing Provident Fund,” with Hanming Fang, Qiuyi Wang, and Jing Wu.
  6. “From Borrowing to Land Sales: The Unintended Consequences of Debt Rules,” with Jie Mao, Jing Wu, and Liuhong Yang.
  7. “Spillovers of Large-Scale Affordable Housing Supply in Urban China,” with Zeni Li and Xirui Zhang.
  8. 房地产企业债券违约与银行信用风险:来自同业存单的证据,合作者:宫迪、兰君笑、祝小全
  9. 住房公积金的消费提振效应,合作者:王秋懿吴璟