Macroeconomics

Aggregate Shocks and Consumption Inequality (with K. Liu and Y. Seol)
Coming soon.

A Chinese Mayor Problem (with S. Aura and W. A. Brock)
Coming soon.

Why Doesn't the Hong Kong Government Sell More Public Land? (with S. Aura and F. Cheung)
Frontiers of Economics in China, 2016, vol. 11, 367-389

New Evidence on Excess Sensitivity of Household Consumption (with Y. Seol)
Journal of Monetary Economics, 2014, vol. 63, 80-94.

Long-Term Oil Price Forecasts: A New Perspective on Oil and the Macroeconomy (with I. Miller)
Macroeconomic Dynamics, 2011, vol. 15 (S3), 396-415.

Estimating Estate-Specific Price-to-Rent Ratios in Shanghai and Shenzhen (with J. Chen)
International Real Estate Review, 2011, vol. 14, 208-239.

"Heterogeneous Investor Information and the Timing of Investment under Uncertainty" (with R. Ratti)
Economics-ejournal, November 2009.

High Corruption Income in Ming and Qing China (with V. Pham)
Journal of Development Economics, 2006, vol. 81, pp316-336.

Price Uncertainty and Consumer Welfare in an Intertemporal Setting (with N. Raymon)
Journal of Economic Dynamics and Control, July 2004, vol.28, pp1877-1901.

On the Dynamic Effects of Oil Price Shocks - A Study Using Industry Level Data (with K. Lee)
Journal of Monetary Economics, June 2002 pp823-852.

"National Debt, Savings, and Real Interest Rates in a Neoclassical Growth Model", (jstor)
The Canadian Journal of Economics, November 1999 pp1227-44.

"Scaling Factors in Estimation of Time-Nonseparable Utility Functions",(jstor)
The Review of Economics and Statistics, May 1997 pp234-240.

An Empirical Analysis of the Substitutability between Private Consumption and Government Purchases
Journal of Monetary Economics, December 1995 vol. 36, pp593-605.

Oil and Macroeconomy-the Role of Price Variability (with K. Lee and R. Ratti)
The Energy Journal, December 1995 vol.16, pp39-56.

Costly Structural Changes and Optimal Growth (with X. Wang)
Economic Theory, June 1995 vol.6, pp305-322.

A Model of Structural Breaks in Economic Growth (with X. Wang)
Structural Change and Economic Dynamics, June 1996 vol. 7, 223-241.

Balanced Government Budgets versus Deficit Finance in a Growth Economy
Canadian Journal of Economics (with X. Wang) November 1995 vol.28, 1120-1134.

Consumption, Housing Rents, and Housing Price: A Test of a Real Estate Pricing Model Using Hong Kong Data
(with F. Cheung and A. Siu) Pacific Economic Review, February 2003, vol.8, 31-45.