Publications in Refereed Journals (Google  Citations)                                                   

  1. Ambiguity, Low Risk-Free Rates, and Consumption Inequality, with Jun Nie and Eric R. Young (2019). [PDF version][Online Appendix] Forthcoming in Economic Journal.
  2. Portfolio Choice with Information-Processing Limits, with Altantsetseg Batchuluun and Eric R. Young (2019). Annals of Economics and Finance 20-1, 137-162. [PDF version]
  3. Rational Inattention and the Dynamics of Consumption and Wealth in General Equilibrium, with Jun Nie, Gaowang Wang and Eric R. Young (2017). Journal of Economic Theory 172, 55-87. [PDF version][Online Appendix].
  4. Elastic Attention, Risk Sharing, and International Comovements, with Wei Li and Jun Nie (2017). Journal of Economic Dynamics and Control 79, 1-20 (Lead Article). [PDF version] [Online Appendix]
  5. Robustly Strategic Consumption-Portfolio Rules with Informational Frictions (2017). Management Science 63(12), 4158-4174. [PDF version] [Online Appendix]
  6. Induced Uncertainty, Market Price of Risk, and the Dynamics of Consumption and Wealth, with Eric R. Young (2016). Journal of Economic Theory 163, 1-41 (Lead Article). [PDF version]
  7. Long-run Consumption Risk and Asset Allocation under Recursive Utility and Rational Inattention, with Eric R. Young (2016). Journal of Money, Credit and Banking 48 (2-3), 325–362. [PDF version][Online Appendix]
  8. Attention Misallocation, Social Welfare, and Policy Implications, with Heng Chen and Guangyu Pei. [PDF version] Journal of Economic Dynamics and Control 59 (2015), 37-57.
  9. 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), 805-840. [PDF version][Online Appendix]
  10. Model Uncertainty and Intertemporal Tax Smoothing, with Jun Nie and Eric R. Young. Journal of Economic Dynamics and Control 45 (2014), 289–314. [PDF version]
  11. Robust Control, Informational Frictions, and International Consumption Correlations, with Jun Nie and Eric R. Young. European Economic Review 67 (2014), 1-27 (Lead Article). [PDF version]
  12. Signal Extraction and Rational Inattention, with Eric R. Young. Economic Inquiry 52(2) (2014), 811-829. [PDF version]
  13. 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), 104-120. [PDF version]
  14. Rational Inattention, Long-run Consumption Risk, and Portfolio Choice. Review of Economic Dynamics 13(4) (2010), 843-860. [PDF version]
  15. Asset Pricing under Information-processing Constraints, with Eric R. Young. Economics Letters 107(1) (2010), 26-29. [PDF version]
  16. Risk-sensitive Consumption and Savings under Rational Inattention, with Eric R. Young. American Economic Journal: Macroeconomics 2(4) (2010), 281-325. [PDF version]
  17. A Note on Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity, with Liutang Gong and Heng-fu Zou. Macroeconomic Dynamics 14(2) (2010), 269-284. [PDF version][Fortran Code]
  18. The Spirit of Capitalism and Excess Smoothness, with William T. Smith and Heng-fu Zou. Annals of Economics and Finance 10(2) (2009), 281-301. [PDF version]
  19. Rational Inattention and Aggregate Fluctuations, with Eric R. Young. The B.E. Journal of Macroeconomics: Vol. 9: Iss. 1 (Contributions), Article 14 (2009). [PDF version]
  20. The Spirit of Capitalism, Precautionary Savings, and Consumption, with William T. Smith and Heng-fu Zou.  Journal of Money, Credit and Banking 41(2-3) (2009), 543-554. [PDF version]
  21. The Wealth Distribution and the Demand for Status, with Eric R. Young. Macroeconomic Dynamics 13(S1) (2009), 1-30 (Lead Article). [PDF version]
  22. Consumption Dynamics under Information Processing Constraints, Review of Economic Dynamics 11(2) (2008), 366-385. [PDF version]







* Papers posted here are supported by Hong Kong Government's General Research Fund (GRF) under grant No. HKU749900, 749711, 747707H, 748209H, and 749510H, and HKU Seed Funding Program for Basic Research.