Room 623, Lihua Building, School of Economics and
Beijing, Beijing 100084
China
Tsinghua University - Tsinghua University School of Economics and Management
Bitcoin, Cryptocurrency, Liquidity Constraint, Stochastic Bubbles, Market Sentiment, Store of Value
Heterogeneous Households, Store of Value, Housing Policy, Aggregate and Distributional Effects, Consumption Risk Sharing.
Counter-cyclical Housing Boom; Chinese Business Cycles; Collateral Effect; Crowding-out Effect; Stabilization Policies
Credit Expansion, Volume-Composition Tradeoff, Financial Risk Capacity, Financial Crisis, Credit Cycles
Asset Bubbles, Financial Risks, Bailout, Time-Varying Policy
International Credit Cycles; Endogenous Leverage; Banking Crisis; Financial Contagion; Cross-border Capital Flows
International Credit Cycles, Endogenous Leverage, Banking Crisis, Financial Contagion, Cross-border Capital Flows
Information Disclosure; Information Acquisition; Dynamic Complementarity; Global Games
Endogenous Credit Cycles, Pandemic Induced Recession, Lockdown Policy, Credit Policy
Financial Frictions, Labor Search Frictions, Endogenous Matching Efficiency, Unemployment, Decomposition.
dynamic adverse selection, endogenous cycles, credit expansion, systemic risk, predator-prey dynamics.
Housing Bubble; Credit Constraint; Collateral Effect; Crowd-out Effect; Housing Policies.
Data Economy, Asset Bubbles, Financial Frictions, Data Asset, Production Chain
Dynamic Efficiency, Capital Returns, Natural Rate of Interest, Asset Bubbles, Financial Markets, China's Economy
Public Debt, Debt Sustainability, Low Interest Rates, Asset Bubbles, Fiscal Policy
Endogenous Cycles, Indeterminacy, Production Networks, Credit Constraints, Financial Contagion JEL Classification: D24, E23, E32, E44
Monetary Policy, Quantitative Easing, Liquidity Preference, Liquidity Trap, Banking, Money Demand
Financial Networks, Asset Bubbles, Financial Contagion
Leverage Cycles, Endogenous Leverage, Asset Bubbles, Minsky Moment, Policy Implication
Financial Frictions, Housing Bubbles, Housing Kuznets Curve, Financial Development JEL classification: E22, E44, E47, O16
Financial Frictions, Housing Bubbles, Housing Kuznets Curve, Financial Development.
Exchange vs OTC, Fragmented Financial Markets, Adverse Selection, Search Frictions, Screening
Liquidity Shortage, Resaleability Constraint, Information Asymmetry, Flight to Liquidity, Flight to Quality, Financial Crisis, Unconventional Policy.
Endogenous Job Destruction, Wage Dispersion, Firm Dynamics
Asset bubbles; Speculation; Greater fool; Talent misallocation
Asset Bubbles, Banking Balance Sheet, Taxation Policy, Guarantee Policy
Asset Bubbles, Banking Balance Sheet, Taxation Policy, Guarantee Policy.
Asset Bubbles, Open Economies, Optimal Monetary Policy
Asset Bubbles, Financial Frictions, Financial Accelerator, Small Open Economy, Policy Implications
Production Networks, Distributional Effect of Monetary Policy, Heterogeneous Money Demand, Incomplete Markets, Time-Varying Velocity of Money, Time-Varying Labor Wedge
Liquidity trap, Habit formation, investor confidence, Fiscal multiplier
Capital Reallocation, Capital Search, Fragmented Markets, Endogenous Dispersion of rmsTFP, Endogenous Total Factor Productivity, Business Cycles
Search Frictions, Credit Utilization, Credit Rationing, Self-fulfilling Prophecy. Business Cycles.
Demand Externality, Default Cycles, Sentiment, Regime Switch, Global Dynamics
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Asset Bubbles, Global Imbalance, Capital Flows, Financial Crisis
