Assistant Professor of Finance
Hong Kong University of Science and Technology
Ph.D. in Economics, MIT, 2017
Research Interests:
Asset Pricing and Its Connection with Industrial OrganizationMacroeconomic Aspects of Financial Frictions and Economic DevelopmentContact
Room 5005, Department of Finance
Lee Shau Kee Business Building
Hong Kong University of Science and Technology
Clear Water Bay, Kowloon, Hong Kong
(852)23588298, jiy@ust.hk
Publications
Competition, Profitability, and Discount Rates [Online Appendix]
with Winston Dou and Wei Wu
Journal of Financial Economics, forthcoming
External Financing and Customer Capital: A Financial Theory of Markups [Online Appendix]
with Winston Dou
Management Science, forthcoming
Job Search under Debt: Aggregate Implications of Student Loans [Online Appendix]
Journal of Monetary Economics, forthcoming
Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income [Online Appendix]
with Era Dabla-Norris, Robert M. Townsend, and D. Filiz Unsal
Journal of Monetary Economics, forthcoming
Inalienable Customer Capital, Corporate Liquidity, and Stock Returns [Online Appendix]
with Winston Dou, David Reibstein, and Wei Wu
Journal of Finance, forthcoming
Working Papers
The Oligopoly Lucas Tree: Consumption Risk and Industry-Level Risk Exposure, 2020 [Online Appendix]
with Winston Dou and Wei Wu
Granular Uncertainty and Disastrous Misallocation, 2020
with Winston Dou and Pengfei Wang
Feedback and Contagion through Distressed Competition, 2020 [Online Appendix]
with Hui Chen, Winston Dou, and Hongye Guo
Bank Branch Expansion vs. International Capital Flows: Integrating Local Spatial Markets with Macro Aggregates, 2019
with Robert M. Townsend
Work in Progress
Monetary Policy, Competition, and Asset Prices
with Winston Dou and Michael Weber