People

Luo's research interests are in macroeconomics and monetary economics. He has done some work on sticky information, robustness, and aggregate fluctuations. He has also studied the implications of idiosyncratic shocks and incomplete markets on wealth inequality and aggregate dynamics. His current research interests are about optimal consumption-savings and portfolio rules under information-processing constraints and model uncertainty, and their implications for asset pricing, business cycles, and welfare.

• "Consumption Dynamics under Information Processing Constraints,"
  Review of Economic Dynamics, November 2008, pp.366-385.
• "The Wealth Distribution and the Demand for Status,"
  (with Eric R. Young), forthcoming in Macroeconomic Dynamics.
• "The Spirit of Capitalism, Precautionary Savings, and Consumption,"
  (with William T. Smith and Heng-fu Zou), forthcoming in the Journal of Money, Credit and Banking.
• "Rational Inattention and Aggregate Fluctuations,"
  (with Eric R. Young), forthcoming in The B.E. Journal of Macroeconomics (Contributions).
• "Sticky Information Diffusion and the Inertial Behavior of Durables Consumption,"
  (with Eric R. Young), Working Paper, 2009, under review.
• "Robustness, Information-processing Constraints, and the Current Account in Small Open Economies,"
  (with Jun Nie and Eric R. Young), Working Paper, 2009, under review.
• "A Note on Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity,"
  (with Liutang Gong and Heng-fu Zou), forthcoming in Macroeconomic Dynamics.
• "Rational Inattention, Long-run Consumption Risk, and Portfolio Choice,"
  Working Paper, 2008, revision requested.
• "Risk-sensitive Consumption and Savings under Rational Inattention,"
  (with Eric R. Young), Working Paper, 2008, under review.
• "Asset Pricing under Information-processing Constraints,"
  (with Eric R. Young), Working Paper, 2008, under review.