Working Papers

“Structural Adjustments and International Trade: Theory and Evidence from China” (with Hanwei Huang and Zhanwei Yue), 2017

“A Dynamic Structural Analysis of Real Exchange Rate: Theory and Evidences from China” (with Yifu Lin, Kang Shi, Qinghe Liu), 2016

“Trade Reforms and Current Account Imbalances” (with Kang Shi and Shangjin Wei), latest version, 2017

“The credit channel of monetary policy and exports: Solving causality by using the impossible trinity” (with Shu Lin and Shangjin Wei), 2015, submitted for publication.

“Reputation Premium and Reputation Management: Evidence from the Largest e-Commerce Platform in China” (with Ying Fan and Mo Xiao), 2014, submitted for publication.

“The credit channel of monetary policy and exports: Solving causality by using the impossible trinity”, (with Shu Lin and Shang-Jin Wei), 2014, submitted for publication.

“The Impact of Quality and Pricing Decisions for New Product Generations on the Secondary Market,” (with Yifei Ding and Daniel Hicks), Latest version 2013, submitted for publication

“Trade Reforms and Current Account Imbalances: When Does the General Equilibrium Effect Overturn a Partial Equilibrium Intuition?”, (with Kang Shi and Shang-Jin Wei), NBER Working Paper 18653, December 2012,

“A Two-Sector Eaton and Kortum Model: Trade Patterns and Effects of Technological Improvements”, (with Xuebing Yang), Latest version, 2014

“Financial Development and Production Structures”, (with Susan Chun Zhu, Wei-Chih Chen and Kevin Grier ), Latest version, 2013

“Market Structure and Profitability Differences along the Global Supply Chains,” (with Li Su), 2014,

“Anti-Comparative Advantage: A Puzzle in U.S.-China Bilateral Trade,” (with Ziru Wei and Hong Ma), 2013

“A Unified Model of Structural Adjustments in Production and International Trade: Theory and Evidence from China” (with Hanwei Huang and Vivian Yue), 2014

“Political Relations and Bilateral Trade: Evidence from China and Major Powers, 1990-2011”, (with Yingxin Du, Carlos D. Ramirez, Xi Yao), 2014.

“A Dynamic Structural Analysis of Real Exchange Rate: Theory and Evidences from China” (with Yifu Lin, Qing Liu, and Kang Shi), 2014

"Current Account Adjustment: Some New Theory and Evidence" (with Shang-Jin Wei), NBER Working Paper 13388, 2007.

"A Solution to Two Paradoxes of International Capital Flow," (with Shang-Jin Wei), NBER Working Paper 12668, 2006.

“Endowment versus Finance: A Wooden Barrel Theory of International Trade,” (with Shang-Jin Wei), (with Shang-Jin Wei), CEPR Working Paper 5109, 2005.

“Aggregate Surplus and Potential Pareto Improvement,” 2008

“Frictional Unemployment and Periodical Price Adjustment in Transition Periods,” 2004

“Efficient Welfare Function and Optimal Income Distribution”, SSRN Working Paper 304680

“The Measurement of Welfare”, SSRN Working Paper 244011