B.E. Journal of Macroeconomics, November 2021
This study analyses China's fiscal decentralization post-tax reform, revealing that revenue decentralization strengthens spending policies, while expenditure decentralization weakens efficacy, impacting provincial spending multipliers.
Journal of Econometrics, 2020
New research proposes a novel estimation-based approach to solving asset pricing models for both stationary and time-varying observations.
Journal of Econometrics, November 2020
New research highlights the importance of the “structural break,” where factor loading coefficients change over time.
Journal of Economic Theory, January 2020
The head of personnel has a job to allocate among a finite number of applicants. How does the principal maximize her expected payoff in such an environment?