Working Papers

Work In Progress

  • Borrowing From Workers: How Firms Backload Wages During Financial Distress
    National Science Foundation Doctoral Dissertation Research Improvement Grants, PI is Prof. Yan Bai


  • "Uncertainty, Liquidity Constraint, and Entrepreneurship" by Pengfei Wang, Daniel Yi Xu, Sichuang Xu, and Zhiwei Xu
    Discussion Slides | China International Conference in Macroeconomics 2022