- “Implementing an Optimal Tax Plan with Short Term Debt, with Wei Jiang and Thomas J. Sargent, Journal of Political Economy, accepted. Last update: March 2026
- “Strategic Investment under Uncertainty with First- and Second-mover Advantages”, with Min Dai and Zhaoli Jiang. Last update: February 2026
- “Creditor-on-Creditor Violence”, with Samuel Antill
and Zhaoli Jiang. Last update: December 2025
- “Treasuries and Tax Farms”, with Wei Jiang, Thomas J. Sargent and Jinqiang Yang. Last update: August 2025
- “Implementing a Ramsey Plan”, with Wei Jiang and Thomas J. Sargent. Last update: September 2024
- “Leverage and Credit Risk Dynamics under Costly Equity Issuance”, with Patrick Bolton, Zhaoli Jiang and Jinqiang Yang. Last update: December 2025
- “What Drives Corporate Savings”, with Nan Chen, Xavier Giroud and Ling Qin. Last update: January 2026
- “Option Exercise Games and the q Theory of Investment”, with Min Dai and Zhaoli Jiang. Last update: November 2024
- “Climate Disasters and Intergenerational Equity: A Fiscal Rule for Sustainable Development”, with Harrison Hong and Heqing Huang. Last update: March 2026
- “Stochastic Earnings Growth and Equilibrium Wealth Distribution”, with Thomas J. Sargent and Jinqiang Yang. Last update: July 2020
- “Reputation, Competition, and Capital Structure”, with Min Dai and Zhaoli Jiang.
- “Consumer Credit and Asset Prices”, with Semyon Malamud and Yuan Zhang.
- “Robust Financial Contracting and Investment”, with Aifan Ling and Jianjun Miao. Last update: January 2021
- “Investor Protection, Financial Development, and Corporate Valuation”, with Yingcong Lan, Xiaoji Lin, and Jinqiang Yang. Last update: December 2019
- “Career concerns and investment”, with Patrick Bolton and Jinqiang Yang.
- “Debt, taxes, and corporate liquidity”, with Patrick Bolton and Hui Chen. Last update: May 2014
- “Entrepreneurial experimentation and duration”, with Guojun Chen and Jianjun Miao.
- “Financial Constraints, Corporate Savings, and the Value of Cash”, with Patrick Bolton and Huntley Schaller.