CV

 

Position held

Economist, Research Department (2013-2015, 2016-), European Department (2015-2016), International Monetary Fund

Education

University of Michigan, Ph.D., Economics, 2008 - 2013, M.A., Economics, 2010

  • Dissertation: “Investment Dynamics under Market Imperfections”

University of Pennsylvania, Master of Landscape Architecture, Certificate in Real Estate, 2007

  • 1st in class, with highest honors  

Tsinghua University, Bachelor of Architecture, minor in English, 2004

  • 1st in class, with highest honors

Research Fields

Macroeconomics, Banking, Corporate Finance

Publications in Peer-Reviewed Journals

The Tax-Adjusted Q Model with Intangible Assets: Theory and Evidence from Temporary Investment Tax Incentives”, with Estelle P. Dauchy, Southern Economic Journal, forthcoming

Working  Papers

Financial Information and Macroeconomic Forecasts, with Romain Ranciere (IMF Working Paper)

Does Balance Sheet Strength Drive Investment Cycle? Evidence fromPre- and Post-Crisis Cyprus”, with Yinqiu Lu (IMF Working Paper)

Financial Constraints, Intangible Assets, and Firm Dynamics: Theory and Evidence” (IMF Working Paper)

“The Tax-Adjusted Q Model with Intangible Assets: Theory and Evidence from Temporary Investment Tax Incentives”, with Estelle Dauchy (IMF Working Paper)

Uncertainty and InvestmentThe Financial Intermediary Balance Sheet Channel” (IMF Working Paper)

Embodied Technological Progress and Investment in Vintage Capital”

Work in Progress

The Spread of Deposit Insurance and the Global Rise in Banking Risk since the 1970s”, with Charles W. Calomiris

Divergence in Top Income Share, with Christopher D. Carroll and Pablo Winant

“International R&D Sourcing and Knowledge Spillover: Evidence from OECD Countries”, with Estelle Dauchy

Are Innovative Firms Financially Constrained? Evidence from R&D Tax Incentives in OECD Countries”, with Estelle Dauchy

How Corporate Debt Bias Affects Bank Lending”, with Gee Hee Hong

Policy Papers

Monetary Policy in the New Normal, with an IMF staff team, Staff Discussion Notes No. 14/3, April 04, 2014

A Toolkit to Assess the Consistency Between Real Sector and Financial Sector Forecasts, with Paola Ganum and Pau Rabanal, IMF Technical Notes and Manuals 17/09

IMF Country Reports

Cyprus : Fifth, Sixth, and Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility; Request for Waiver of Nonobservance of a Performance Criterion; and Rephasing of Access

Cyprus: Eighth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cyprus

Cyprus: Ninth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Waiver of Applicability of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cyprus

Seminar and Conference Presentations

2017: IMF, University of Mannheim*

2016: National Tax Association Annual Conference, University of South Carolina*

2015: Bank of England, International Banking, Economics, and Finance Association (IBEFA) Annual Meeting, IMF Research Seminar, IMF Fiscal Affairs Department Workshop on Fiscal Incentives for Innovation, International Institute of Public Finance*, National Tax Association Annual Conference*, Tax Economist Forum*

2014: Cass Business School, City University of London, Federal Reserve Board, IMF, Midwest Finance Association Annual Meeting, New Economic School
 
2013: Bowdoin College, Federal Reserve Bank of Kansas City, International Institute of Public Finance*, Midwest Finance Association Annual Meeting, New Economic School*, University of California Santa Cruz, University of Hong Kong, University of Mannheim, University of Melbourne, University of Ottawa

2012: Midwest Economic Theory and International Trade Conference, Midwest Macroeconomics Meetings, University of Michigan

2010: Annual Conference of the Academy of Innovation and Entrepreneurship

(*: presented by a coauthor)

Teaching Experience

  • Graduate Student Instructor: University of Michigan
Introduction to Economic Research I and II (3rd year Ph.D.), Fall 2012, Winter 2013
International Finance (Undergraduate), Winter 2012, Fall 2011
Macroeconomic Theory I (1st year Ph.D.), Fall 2010, Fall 2009
Macroeconomic Theory II (1st year Ph.D.), Winter 2011, Winter 2010
Macroeconomic Preliminary Examination Tutor (1st year Ph.D.), Summer 2011, 2010
  • Teaching Assistant: University of Pennsylvania
Site Engineering (Master), Fall 2006
Water Management (Master), Fall 2006
  • Teaching Awards
Golden Widget Award for the Best Graduate Student Instructor for a Graduate Class, 2010
Department of Economics Teaching Award, 2009

Honors, Awards and Grants

  • University of Michigan
Rackham Graduate Student Research Grant, 2011
Rackham Travel Grant, 2010, 2011, 2012
Phi Kappa Phi, invited, 2009
Summer Research Apprenticeship, granted for research projects supervised under Professor Dmitriy Stolyarov and Professor Daniel Silverman, 2009, 2010
Highest Distinction in Microeconomic Preliminary Examination, 2008
Rackham International Student Fellowship, 2008
  • University of Pennsylvania
Ian L. McHarg Prize: granted as the highest graduation honor at the Department of Landscape Architecture, 2007
American Society of Landscape Architect (ASLA) Student Award nomination, 2007
PennDesign Travel Grant, 2006
Chair’s Merit Scholarship for Academic Excellence, 2006
Chair’s Merit Fellowship, 2005-2007
  • Tsinghua University
Best Graduate Award: granted as one of the highest graduation honors at Tsinghua University, 2004
President Jiang Nanxiang Fellowship, granted as one of the highest honors to an outstanding student, 2001
First place, Academic Excellence Scholarship, 1999, 2000, 2001
  • Education Commission of Beijing
Best Collegiate Graduate of Beijing, 2004
Outstanding Student of Beijing, 2001
  • Ranked 1st out of 165,000 students in the National Higher Education Entrance Examination in Guangdong, China, 1999

Other Research Experience

University of Michigan, Research Assistant for Professor Lan Deng on the project: “Has Housing Market in China Gone Awry? An Examination of China’s New Housing Production”, University of Michigan, summer 2009, summer 2008

University of Pennsylvania, project member “Rivers, Roads, and People: Complex Interaction of Overlapping Networks in Watersheds” led by co-principal investigator Professor C. Dana Tomin, funded by the U.S. National Science Foundation, 2006

  • Conducted spatial data analysis on the El Yunque National Forest (formerly the Caribbean National Forest) and the northeast region of Puerto Rico using GIS application. Drafted policy recommendations for regional land use plan

Services

Referee for IMF Economic Review, International Review of Economics and Finance, Journal of Financial Intermediation

Discussant for IBEFA Annual Meeting, Midwest Finance Association Annual Meeting

Session Chair, Midwest Economic Theory and International Trade Conference

Ph.D. admission committee, University of Michigan

Affiliations

American Economic Association, International Banking, Economics, and Finance Association, Midwest Finance Association, Royal Economic Society

Skills

Computer skills: Fortran, Matlab, SAS, Stata, ArcGIS
Language skills: English (fluent), Cantonese (native), Mandarin (native), Spanish (advanced), French (basic)