Publications in Refereed Journals                                                   

  1. Consumption Dynamics under Information Processing Constraints, Review of Economic Dynamics 11 (2008), 366-385. [PDF version]
  2. The Wealth Distribution and the Demand for Status, with Eric R. Young, Macroeconomic Dynamics 13 (S1) (2009) (lead article), 1-30. [PDF version]
  3. The Spirit of Capitalism, Precautionary Savings, and Consumption, with William T. Smith and Heng-fu Zou. The Journal of Money, Credit and Banking, Vol. 41, No. 2–3 (2009), 543-554. [PDF version]
  4. Rational Inattention and Aggregate Fluctuations, with Eric R. Young. The B.E. Journal of Macroeconomics: Vol. 9: Iss. 1 (Contributions), Article 14. [PDF version]
  5. The Spirit of Capitalism and Excess Smoothness, William T. Smith and Heng-fu Zou. Annals of Economics and Finance 10(2) (2009), 281-301. [PDF version]
  6. 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]
  7. Asset Pricing under Information-processing Constraints, with Eric R. Young Economics Letters, Vol. 107, Issue 1 (2010), 26-29. [PDF version]
  8. Risk-sensitive Consumption and Savings under Rational Inattention, with Eric R. Young (2010). American Economic Journal: Macroeconomics 2(4), 281-325. [PDF version]
  9. Rational Inattention, Long-run Consumption Risk, and Portfolio Choice (2010).Review of Economic Dynamics 13, 843-860. [PDF version]
  10. Robustness, Information-processing Constraints, and the Current Account in Small Open Economies (2011), with Jun Nie and Eric R. Young. Forthcoming in The Journal of International Economics. [PDF version]

    

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