ÿþ<HTML> <HEAD> <LINK href=css.css rel="stylesheet" type="text/css"> <TITLE>Webpage of Shouyong Shi, University of Toronto</TITLE> </HEAD> <BODY> <div align="center"> <a name="top"></a> <div align="right"><font size="1"><a href="researchinterests.html" target="_Top">Print-Friendly Version</a></font></div> <font size="6">Shouyong Shi</font><BR><BR> <h1>Research Interests and Some Publications:</h1></div> <br> (For a complete list of publications and some pdf files, click on <a href="papers.html">Publications and Papers</a>) <ul><b>Money/Macroeconomics:</b> <ul>" "Money and Prices: A Model of Search and Bargaining", <i>Journal of Economic Theory</i> 67 (1995), 467-496. <BR>" "Credit and Money in a Search Model with Divisible Commodities", <i>Review of Economic Studies</i> 63 (1996), 627-652. <BR>" "A Divisible Search Model of Fiat Money", <i>Econometrica</i> 65 (1997), 75-102. <BR>" "Search for a Monetary Propagation Mechanism", <i>Journal of Economic Theory</i> 81 (1998), 314-352. </ul> <b>Macro/Labour Economics:</b> <ul>" "<a target=_blank href="http://www.economics.utoronto.ca/index.php/index/research/workingPaperDetails/327">Efficient Search on the Job and the Business Cycle</a>," (with Guido Menzio), accepted by <i>Journal of Political Economy</i>. (Note: This is an old version.) <BR>" "<a target=_blank href="http://www.economics.utoronto.ca/index.php/index/research/workingPaperDetails/384">An Equilibrium Theory of Learning, Search and Wages</a>," (with Francisco M. Gonzalez), <i>Econometrica</i> 78 (2010), 509-537. <BR>" "<a target=_blank href="http://www.economics.utoronto.ca/index.php/index/research/workingPaperDetails/343">Directed Search for Equilibrium Wage-Tenure Contracts</a>," <i>Econometrica</i> 77 (2009), 561-584. <BR>" "Frictional Assignment. I. Efficiency", <i>Journal of Economic Theory</i> 98 (2001), 232-260. <BR>" "Pricing and Matching with Frictions", (with K. Burdett and R. Wright), <i>Journal of Political Economy</i> 109 (2001), 1060-1085. <BR>" "A Directed Search Model of Inequality with Heterogeneous Skills and Skill-Biased Technology", <i>Review of Economic Studies</i> 69 (2002), 467-491. </ul> <b>International Economics:</b> <ul>" "A Fundamental Theory of Exchange Rates and Direct Currency Trades," (with Allen Head), <i>Journal of Monetary Economics</i> 50 (2003), 1555-1591. <BR>" "Tariffs, Unemployment, and the Current Account: An Intertemporal Equilibrium Model", in <i>Money, Factor Mobility and Trade: Essays in Honor of Robert A. Mundell</i> (pp467-504), 2001, edited by G. Calvo, R. Dornbusch and M. Obstfeld, MIT Press, Cambridge. <BR>" "Capital Accumulation and the Current Account in a Two-Country Model", (with Michael B. Devereux), <i>Journal of International Economics</i> 30 (1991), 1-25. </ul> <b>Banking and Corporate Finance:</b> <ul>" "<a target=_blank href="http://www.chass.utoronto.ca/~shouyong/shi1/efr01.pdf">"Screening, Bidding, and the Loan Market Tightness</a>," (with <a target=_blank href="http://www.yorku.ca/mcao"> Melanie Cao</a>), <i>European Finance Review</i> 5 (2001), 21-61. (Renamed <i>Review of Finance</i>.) <BR>" "<a target=_blank href="http://repec.economics.utoronto.ca/repec_show_paper.php?handle=SHOUYONG-02-03">Signaling in the Internet Craze of Initial Public Offerings</a>," (with Melanie Cao), <i>Journal of Corporate Finance</i> 12 (2006), 818-833. </ul> <b>Economic Growth:</b> <ul>" "Innovation, Imitation, and Welfare-Improving Cycles", (with Patrick Francois), <i>Journal of Economic Theory</i> 85 (1999), 226-257. <BR>" "Asymmetric Information, Credit Rationing, and Economic Growth", <i>Canadian Journal of Economics</i> 29 (1996), 665-687. </ul> <b>Public Finance:</b> <ul>" "Weakly Nonseparable Preferences and Distortionary Taxes in a Small Open Economy", <i>International Economic Review</i> 35 (1994), 411-428. <BR>" "Labor Market Search and the Dynamic Effects of Taxes and Subsidies", (with Quan Wen), <i>Journal of Monetary Economics</i> 43 (1999), 457-495. </ul> <b>Environmental Economics:</b> <ul>" "<a target=_blank href="http://repec.economics.utoronto.ca/files/tecipa-409.pdf">Emission Tax or Standard? The Role of Productivity Dispersion</a>," (with Zhe Li), 2010. </ul> <B>Bureaucracy, Corruption and Fashion:</b> <ul>" "A Model of Bureaucracy and Corruption", (with Ted Temzelides), <i>International Economic Review</i> 45 (2004), 873-908 <BR>" "Fashion and Wealth Accumulation", <i>Economic Theory</i> 14 (1999), 439-461. </ul> </ul> <b>Some Research Papers:</b><BR> (click on <a href="papers.html">Publications and Papers</a> for more)<BR> <ul>" "<a target=_blank href="http://www.economics.utoronto.ca/index.php/index/research/workingPaperDetails/429">Customer Relationship and Sales</a>," 2011.<BR> <BR>" "<a target=_blank href="http://ssrn.com/abstract=1845988">Liquidity, Assets and Business Cycles</a>," 2011.<BR> <BR>" "<a target=_blank href="http://www.economics.utoronto.ca/index.php/index/research/workingPaperDetails/425">A Monetary Theory with Non-Degenerate Distributions</a>," (with Guido Menzio and Amy Hongfei Sun), 2011.<BR> An old version is <a target=_blank href="http://www.chass.utoronto.ca/~shouyong/shi1/shisun-may07-2009.pdf">here, 2009</a>.<BR> <BR>" "<a target=_blank href="http://repec.economics.utoronto.ca/files/tecipa-409.pdf">Emission Tax or Standard? The Role of Productivity Dispersion</a>," (with Zhe Li), 2010.<BR> <BR>" "<a target=_blank href="http://www.economics.utoronto.ca/index.php/index/research/workingPaperDetails/327">Efficient Search on the Job and the Business Cycle</a>," (with Guido Menzio), accepted by <i>Journal of Political Economy</i>. (Note: This is an old version.)<BR> <BR>" "<a target=_blank href="http://repec.economics.utoronto.ca/repec_show_paper.php?handle=tecipa-315">Vehicle Currency</a>," (with Michael B. Devereux), 2008.<BR> <BR>" "<a target=_blank href="http://repec.economics.utoronto.ca/repec_show_paper.php?handle=tecipa-298">Pricing and Signaling with Frictions</a>," (with Alain Delacroix), 2007.<BR> <BR>" "<a target=_blank href="http://repec.economics.utoronto.ca/repec_show_paper.php?handle=tecipa-211">Viewpoint: A Microfoundation of Monetary Economics</a>," 2006, <a target=_blank href="http://www.chass.utoronto.ca/~shouyong/shi1/cje06.pdf">a published version</a>.<BR> <BR>" "<a target=_blank href="http://repec.economics.utoronto.ca/repec_show_paper.php?handle=SHOUYONG-03-06">Liquidity, Interest Rates and Output</a>," 2004.</ul> <ul><ul><a href="#top">Back To Top</A><BR><a href='javascript:history.back()'>Back to Brief Description</a><BR><a href="shicv1.html" target="_Top">Print-Friendly Version</a><BR><a target=_blank href="http://www.economics.utoronto.ca/index.php" target=_blank>Back to Economics Department at University of Toronto</a></ul></ul></ul> </Body> </HTML>