Working papers

The Trilemma, Macroprudential Policy, and Monetary Spillovers. Forthcoming as Hong Kong Institute of Monetary and Financial Research (HKIMR) Working Paper. [Slides]

Conventional vs Innovative Monetary Policy in China: Effects on the Yield Curve and Credit Spreads. Under Review.

Capital Controls, Exchange Rate Arrangements, and the Transmission of U.S. Monetary Policy (with Jongrim Ha, John Rogers). [DECPG WP] [EC Slides] Presented at EC-CEPR-JIE (2025).

Selected work in progress

Collateral Constraints and The Transmission of Chinese Monetary Policy: Theory and Practice (with Yongqin Wang (thesis advisor)). Presented at China Finance Annual Conference (2024).

Uncertainty Shocks, Exchange Rates and Monetary Policy Coordination (with Charles Engel).

Measuring Cross-Country Monetary Policy Uncertainty (with Jongrim Ha, Moontae Lee, Bo Sun). We revamp newspaper-based uncertainty indices with large language models, applying them to a cross-country, multilingual corpus of historical monetary policy texts.

The Economic Impact of Heightened Global Uncertainty (with Jongrim Ha, Ergys Islamaj, Aaditya Mattoo).

Global and Local Uncertainties in Small Open Economies (with Shi Qiu). Presented at MEG 2023*, NASMES 2024*, IAAE 2024, ESWC 2025*.