Research Interests: Macroeconomics, Financial Economics, Firm Dynamics, Development Economics
Contact: wenyaw111@gmail.com
Publications
Financing Intermediate Inputs and Misallocation, with Jing Xu, Macroeconomic Dynamics (Special Issue), Volume 29, 2025 [OpenAccess LINK]
Previously circulated as "Size-Dependent Intermediate Distortions and Misallocation"
Outsourcing Bank Loan Screening: The Economics of Third-Party Loan Guarantees, with Chenyu Shan and Yongjun Tang, forthcoming at Journal of Money, Credit and Banking [LINK] [Final Version]
Bargaining Power and Trade Credit: The Heterogeneous Effect of Credit Contractions, with Qiyu Xu (PhD student) and Ei Yang, Journal of Banking and Finance, Volume 161, 2024 [LINK] [Final Version]
Multi-Product Firms and Misallocation, with Ei Yang, Journal of Development Economics, Volume 163, 2023 [LINK] [Final Version]
Working Papers
1. Credit Tightening, Trade Credit and Misallocation on Supply Chains, with Franklin Allen, Min Min, and Chenyu Shan, submitted [SSRN]
Presented: FMA 2024, WFA 2023 (by coauthor), SWFA 2023 (best paper in Financial Markets and Institutions), China Financial Research Conference 2022, China International Finance Conference (CICF) 2021, Econometric Society European Winter Meeting 2020, Chinese University of Hong Kong (Shenzhen), Shanghai University of Finance and Economics, Central University of Finance and Economics, University of Hong Kong, Bristol University
2. Persistent Fiscal Expansion in a Financial Crisis Economy, with Siming Liu and Hewei Shen, submitted [SSRN]
Work in Progress
Cross-Country Firm Dynamics and Financial Market Frictions with Qi Sun
2. Financing Intangibles: Equity Market Development and Firm Dynamics, with Qi Sun
3. Product Switching in China and India
Teaching
Binghamton:
Monetary Economics, International Monetary Economics, Principles of Microeconomics
SUFE:
Undergraduate: International Finance
Master (International students): Econometrics, Chinese Economy
PhD: Macroeconomic Theories
UWO:
Intermediate Macroeconomics
Data & Programs
China National Catalog of Products for Statistical Purposes [NBS Original Website] [Cleaned Stata Files]
US Industry Deflators (sourced from BLS) [Stata Files]
Refereeing
Singapore Economic Review, Energy Economics, Applied Economics, International Review of Finance, 经济学季刊