Assistant Professor of Finance
Ross School of Business R4430
The University of Michigan
701 Tappan Street
Ann Arbor, MI 48109
Asset pricing, fixed income, macroeconomics.
A Simple Nonnegative Process for Equilibrium Models (with Alex Hsu), Economics Letters, forthcoming. Code: ARG Solver
Nominal Rigidities, Asset Returns, and Monetary Policy (with Erica X.N. Li),
Journal of Monetary Economics, Volume 66, September 2014.
This is a previous version of the paper that focuses on policy shocks: Monetary Policy Risk and the Cross Section of Stock Returns
Bond Risk Premiums and Optimal Monetary Policy, Review of Economic Dynamics, Volume 15, Issue 1, January 2012.
Arbitrage Free Bond Pricing with Dynamic Macroeconomic Models (with Michael Gallmeyer, Burton Hollifield and Stanley Zin), The Federal Reserve Bank of St. Louis Review, July/August 2007.
Real and Nominal Equilibrium Yield Curves with Endogenous Inflation: A Quantitative Assessment (with Erica X.N. Li and Alex Hsu), 2014.
Leisure Preferences, Long-Run Risks, and Human Capital Returns (Robert Dittmar and Wei Yang), 2014.
Term Premium Dynamics and the Taylor Rule (with Michael Gallmeyer, Burton Hollifield and Stanley Zin).
Monetary Policy, Time-Varying Risk Premiums, and the Economic Content of Bond Yields.
Creative Destruction and Asset Returns (with Robert Dittmar and Ozge Sahin).