Working Papers

1. The Welfare Consequences of Countercyclical Fiscal Transfers – Job Market Paper
   I study the welfare implication of an anticipated countercyclical fiscal transfer over the business cycle in a two-asset heterogenous agent model with aggregate shocks.
   Presented at: Canadian Economic Association 2024, Midwest Macro Meeting Fall 2024, Bank of Canada Student Graduate Paper Award 2024, Workshop of Australian Macroeconomics Society 2024, Wilfrid Laurier University, University of Tennessee in Knoxville, Boise State University
   * Finalist for the Bank of Canada Student Graduate Paper Award 2024
2. Using Deep Learning and Finite-Difference Methods Together to Solve Heterogenous Agent Models with Aggregate Shocks (with Brant Abbott)
   We propose a solution algorithm that integrates the finite-difference method with a neural network to globally solve a class of heterogeneous-agent models with aggregate shocks.
3. Tax-Free Savings Accounts and Economic Stabilization in Canada (with Brant Abbott)
   We draw on the Longitudinal Administrative Data (LAD) to study the impact of Tax-Free Savings Account (TFSA) program on liquid savings in Canada, and its implications on economic stabilization over the business cycle.
   Presented at: Vienna Macroeconomics Workshop 2023 (Greenhorn session)
4. Behavioral Response to the Canada Emergency Response Benefit (with Brant Abbott and Ha Dang)
   We draw on the Longitudinal Administrative Data (LAD) to study the impact of Canada Emergency Response Benefit (CERB) transfers on labour suppy and savings.
5. How to become a Self-made Billionaire? (with David Gomtsyan) [Work in Progress]
   We develop a heterogenous-agent model with entrepreneurship in which individuals pursue loss-making projects that have the potential to become highly profitable public firms.