Research

Publications

1.  Market Fragility and the Paradox of the Recent Stock-Bond Dissonance (2018) - Economics Letters 

with Christos Koulovatianos (U Luxembourg) and Fabienne Weber (U Luxembourg) 

2. Fiscal Decentralization, Preference for Government Innovation and City Innovation: Evidence from China (2020) - Chinese Management Studies 

with Zheng Li and Siying Yang (Jilin U)

3. The Long Shadows of War in China: Battle Shocks in Early Life and Health/Wealth Accumulation (2020) - China Economic Review 

with Christos Koulovatianos (U Luxembourg)

4. Urban Innovation and Inter-City Patent Collaboration: A Network Analysis of China's National Innovation System (2020) - Technological Forecasting & Social Change 

with Li Yao (ZJGSU) and Jun Li (U of Essex)

5. The Role of Labor-Income Risk in Household Risk-Taking (2020)  - European Economic Review 

with Sylwia Hubar and Christos Koulovatianos (U Luxembourg)

6. Promoting Financial Literacy through a Digital Platform: A Pilot Study in Luxembourg (2021) - International Journal of Finance & Economics

with Alexis Meyer-Cirkel (IMF)

7. 高铁开通、方言多样性与城市创新 (2021)  - 制度经济学研究 

with Siying Yang (Jilin U) and Guangzhao Sun (JXUFE)

8. Financial Risk-Taking, Religiosity and Denomination Heterogeneity (2022)  - Journal of Empirical Finance

9. The Influence of High-speed Rails on Urban Innovation and the Underlying Mechanism (2022)  - PLoS ONE

with Yue Lu (Jilin U) and Siying Yang (Jilin U)

10. Demographics and FDI: Lessons from China's One-Child Policy (2023) - Accepted by Macroeconomic Dynamics

with John Donaldson (Columbia), Christos Koulovatianos (U Luxembourg) and Rajnish Mehra (ASU)

Working Papers

Combining a Survey Experiment with a Lifecycle Model to Evaluate Pronatalist Policies (2023)  - Newly revised 2023/06 and submitted

with Joshua R. Goldstein (UC Berkeley), Christos Koulovatianos (U Luxembourg), and Carsten Schroeder (DIW and Free U Berlin)

Air Pollution and Household Stock Market Participation (2023) - New draft 2023/07 and submitted

with Geng Niu (SWUFE), Yang Zhou (WHU), Hongwu Gan (RUC), and Mengmeng Guo (SWUFE)

Strategic Predictions and Explanations By Machine Learning (2023). - New draft 2023/08

with Caesar Wu (U Luxembourg), Jingjing Xu (U Luxembourg), Pascal Bouvry (U Luxembourg) 

Trustworthy AI: Deciding What to Decide (2023). - New draft 2023/09

with Caesar Wu (U Luxembourg), Yuan-Fang Li (Monash), Jingjing Xu (U Luxembourg), Pascal Bouvry (U Luxembourg) 

Completing the Market: Generating Shadow CDS Spreads by Machine Learning (in major revision, IMF Working Paper No. 19/292)  

with Nan Hu (Goethe U Frankfurt & Hong Kong Monetary Authority) and  Alexis Meyer-Cirkel (IMF)

Working in Progress

Investment and Asset Prices Under Rational Learning About Rare Events (in progress)

with Christos Koulovatianos (U Luxembourg)

Financial Stabilities in Economies with Jump Shocks (in progress) 

with Christos Koulovatianos (U Luxembourg) and Fabienne Weber (U Luxembourg)

Loans and Screening: the Role of Social Proximity (in progress)

with Christos Koulovatianos (U Luxembourg) and Dimitris Mavridis (European Commission)

Research Funding

Zhejiang Natural Science Foundation (ZJ-NSF) - Youth Project (2020 - 2022, LQ20G030006)

China Scholarship Council  (CSC) - Funding Scheme for Visiting Scholar (2023, Department of Finance, University of Luxembourg)