Working Papers

  1. Model Uncertainty and Intertemporal Tax Smoothing, with Jun Nie and Eric R. Young (April 2012). Federal Reserve Bank of Kansas City Working Paper 12-1
  2. Robust Control, Informational Frictions, and International Consumption Correlations, with Jun Nie and Eric R. Young (February 2012). Federal Reserve Bank of Kansas City Working Paper 10-16
  3. Model Uncertainty, State Uncertainty, and State-space Models, with Jun Nie and Eric R. Young (February 2012). Federal Reserve Bank of Kansas City Working Paper 12-02
  4. Informational Frictions, Induced Uncertainty, and Aggregate Wealth Accumulation, with Eric R. Young (April 2012). [PDF version]
  5. Signal Extraction and Rational Inattention, with Eric R. Young (May 2011). [PDF version]
  6. Long-run Consumption Risk and Asset Allocation under Recursive Utility and Rational Inattention, with Eric R. Young (2010). [PDF version]
  7. Sticky Information Diffusion and the Inertial Behavior of Durables Consumption, with Eric R. Young (2010). [PDF version]
  8. Strategic Asset Allocation and Optimal Consumption for Inattentive Investors with Non-tradable Labor Income, (2010). [PDF version]
  9. Portfolio Choice with Information-processing Limits, with Altantsetseg Batchuluun and Eric R. Young (2009). [PDF version]








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