Publications

  1. "Initial Anchors and Limited Information in Learning-to-forecast Experiments" Journal of Economic Behavior and Organization, 225, 192–227, 2024. PDF
  2. "Understanding Probabilistic Expectations — a Behavioral Approach" Journal of Economic Dynamics and Control, 2022. PDF
  3. "A Note on the Slope of the Aggregate Demand Curve at the Zero-lower-bound" with Yangyang Ji. Macroeconomic Dynamics, 2020. PDF
  4. "Was the New Deal Expansionary?" with Yangyang Ji. Economics Letters, Vol. 184, 2019. PDF
  5. "Bounded Rationality and the Ineffectiveness of Big-Bush Policies" with Junyi Xu. The B.E. Journal of Macroeconomics, 19(2), 2018. PDF
  6. "Instability of Sunspot Equilibria in Real Business Cycle Models Under Infinite Horizon Learning" with Yangyang Ji. Macroeconomic Dynamics, 2017. PDF
  7. "Government Purchase Multipliers and the Zero Lower Bound" with Yangyang Ji. Journal of Macroeconomics 48, 87–100, 2016. PDF
  8. "News, Housing Boom-Bust Cycles, and Monetary Policy" with Birol Kanik. International Journal of Central Banking 10(4), 249–298, 2014. PDF
  9. "Expectations and Optimal Monetary Policy: A Stability Problem Revisited" with Junyi Xu. Economics Letters 124(2), 296–299, 2014. PDF
  10. "Learning About Monetary Policy Rules When the Housing Market Matters" Journal of Economic Dynamics and Control 37(3), 500–515, 2013. PDF
  11. "End of Double Taxation: Is the Policy Better When Announced?" with Nazneen Ahmad. Journal of Policy Modeling 35(6), 928–942, 2013. PDF
  12. "Investment and Monetary Policy: Determinacy and Learnability of Equilibrium" with John Duffy. Journal of Money, Credit, and Banking 43(5), 959–992, 2011. PDF
  13. "Increasing Returns and the Design of Interest Rate Rules" Macroeconomic Dynamics 12(1), 22–49, 2008. PDF
  14. "The Value of Interest Rate Stabilization Policies When Agents Are Learning" with John Duffy. Journal of Money, Credit, and Banking 39(8), 2041–2056, 2007. PDF
  15. "Instability of Sunspot Equilibria in One Sector RBC Models under Adaptive Learning" with John Duffy. Journal of Monetary Economics 54(3), 879–903, 2007. PDF
  16. "Prospect Theory and the Welfare Cost of Business Cycles" with Nazneen Ahmad. Southwestern Journal of Economics 10(1), 1–24, 2007. PDF
  17. "Can Indeterminacy Resolve the Cross-Country Correlation Puzzle?" Journal of Economic Dynamics and Control 28(12), 2341–2366, 2004. PDF
  18. "Explaining Speculative Expansions" Contributions to Macroeconomics 4(1), article 7, 2004. PDF
  19. "Roundtable on Chinese Economic Statistics Introduction" with Thomas G. Rawski. China Economic Review 12(4), 298–302, 2001.