Working Papers

1. Ambiguity, Low Risk-Free Rates, and Consumption Inequality, with Jun Nie and Eric R. Young (2019). [PDF version][Online Appendix] Under the 4th round review at Economic Journal.
   
2. Ignorance, Pervasive Uncertainty, and Household Finance, with Jun Nie and Haijun Wang (2019). [PDF version][Online Appendix]
   
3. Ambiguity and Information Processing in a Model of Intermediary Asset Pricing, with Leyla Jianyu Han and Ken Kasa (2019). [PDF version][Online Appendix]
   
4. Growth and Welfare Gains from Financial Integration under Model Uncertainty, with Jun Nie and Eric R. Young (2019). [PDF version]

*: Papers posted here are supported by Hong Kong Government's General Research Fund (GRF) under grant No. HKU749900, 749711, and 749510H.