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="shicv1.html" target="_Top">Print-Friendly Version</a></font></div> <font size="6">Shouyong Shi<BR>ówÿ[8l</font><BR><BR> <h1>Brief Description and Research Interests:</h1></div> <b>Education:</b> <BR><BR> <ul> Ph. D. in Economics, June 1991, <a target=_blank href="http://www.utoronto.ca">University of Toronto</A>; <BR> M.A. in Economics, 1988, University of Toronto;<br> B. Sc., 1984, <a target=_blank href="http://www.hust.edu.cn/english"> Huazhong University of Science and Technology</a>, Wuhan, China <BR> <ul>Major: Industrial Engineering and Management Science</ul> </ul> <b>Employment History:</b> <BR><BR> <ul> Professor and <a target=_blank href="http://www.chairs.gc.ca/web/program/index_e.asp"> Canada Research Chair</a> (tier 1):<BR> <ul>2002 to the present: <a target=_blank href="http://www.economics.utoronto.ca">Department of Economics, University of Toronto</a></ul> Professor:<BR> <ul>2000 - 2002: <a target=_blank href="http://www.iub.edu/~econweb"> Department of Economics, Indiana University</a> <br> 2001 (on leave): Department of Economics, Queen's University </ul> Associate Professor:<BR> <ul>1997 - 2001: <a target=_blank href="http://qed.econ.queensu.ca">Department of Economics</a>, <a target=_blank href="http://www.queensu.ca">Queen's University</A></ul> Assistant Professor: <BR> <ul>1994 - 1997: Department of Economics, Queen's University<BR> 1991 - 1993: Department of Economics, <a target=_blank href="http://www.uwindsor.ca"> University of Windsor </A></ul> Special-Term Professor:<br> <ul>2003 - present: Tsinghua University (China)</ul> Visiting Professor:<br> <ul>2005: Research Department, Federal Reserve Bank of Minneapolis<BR> 1998 - 1999: Research Department, Federal Reserve Bank of Chicago<BR> 1994: Department of Economics, <a target=_blank href="http://www.upenn.edu">University of Pennsylvania</A> </ul> </ul> <b>Other Titles:</b> <BR><BR> <ul>Research Fellow:<br> <ul><a target=_blank href="http://www.bankofcanada.ca/en/fellowship/">Bank of Canada</a>, 2003 - present<br> Hong Kong Institute of Monetary Research, 2006</ul> Research Associate at the Federal Reserve Bank of Cleveland, 2004 - 2007 </ul> <BR> <b>Thesis Supervision:</b> <BR><BR> <ul>A list of <a href="mystudents.html">Ph.D. students</a> of whom I am the primary or co- supervisor</ul> <BR> <b>Grants, Recognitions and Distinctions:</b> <BR><BR> <ul>2002 to the present: Canada Research Chair (tier 1)<br> 2003 to the present: <a target=_blank href="http://www.bankofcanada.ca/en/fellowship/"> Bank of Canada Fellowship</a> <ul>(one of the two inaugural recipients)</ul> 2010: John Weatherall distinguished visitor at Queen's University<br> 2003: Ranked highly in the world among economists<br> 2000: <a target=_blank href="http://economics.ca/raeprize/"> John Rae Prize</a> of the Canadian Economic Association<br> <ul>(awarded to the best researcher in five years)</ul> 1993 to the present: Social Sciences and Humanities Research Council of Canada (SSHRCC);<br> <ul> Titles of SSHRCC Grants (1993 to the present): <ul>" Search Frictions and Macroeconomic Policies; <BR>" Decentralized exchanges, market efficiency and macroeconomic policies; <BR>" Equilibrium in frictional macroeconomic markets; <BR>" Model transactions cost in monetary economies; <BR>" Money, prices and economic activity: models of search and bargaining.</ul> </ul> </ul> <BR> <b>Keynote Speeches and Lectures:</b> <ul>"<a target=_blank href="http://www.chass.utoronto.ca/~shouyong/shi1/cje06.pdf">Viewpoint: A Microfoundation of Monetary Economics</a>," State-of-the-Art Lecture at the Canadian Economic Association meeting, Hamilton, Ontario, 2005. (<a target=_blank href="http://repec.economics.utoronto.ca/repec_show_paper.php?handle=tecipa-211">A working paper version</a>.)<br> "<a target=_blank href="http://ssrn.com/abstract=1845988">Liquidity, Assets and Business Cycles</a>," Bank of Canada Lecture at the Canadian Economic Association meeting, Ottawa, Ontario, 2011. </ul> <BR> <b>Editorial Duties:</b> <ul>Co-editor of Annals of Economics and Finance, 2000-present.<br> Associate editor: Journal of International Economics, 2000-2002.</ul> <b>Memebership:</b> <ul>Econometric Society; <BR> Society for Economic Dynamics.</ul> <b>Research Fields:</b> <ul>Money/Macroeconomics; Macro/Labor Economics; International Economics;<br> Banking and Corporate Finance; Economic Growth; Public Finance;<br> Environmental Economics; Bureaucracy and Corruption. </ul> <BR> <b>Some Publications:</b><br> (for a complete list of publications and some pdf files, click on <a href="papers.html">Publications and Papers</a>) <ul>" "Efficient Search on the Job and the Business Cycle," (with Guido Menzio), accepted by <i>Journal of Political Economy</i>. <BR>" "An Equilibrium Theory of Learning, Search and Wages," (with Francisco M. Gonzalez), <i>Econometrica</i> 78 (2010), 509-537. <BR>" "Block Recursive Equilibria for Stochastic Models of Search on the Job," (with Guido Menzio), <i> Journal of Economic Theory </i> 145 (2010), 1453-1494. <BR>" "Directed Search for Equilibrium Wage-Tenure Contracts," <i>Econometrica</i> 77 (2009), 561-584. <BR>" "The Variability of the Velocity of Money in a Search Model", (with Weimin Wang), <i>Journal of Monetary Economics</i> 53 (2006), 537-571. <BR>" "A Directed Search Model of Inequality with Heterogeneous Skills and Skill-Biased Technology", <i>Review of Economic Studies</i> 69 (2002), 467-491. <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>" "Search, Inflation, and Capital Accumulation", <i>Journal of Monetary Economics</i> 44 (1999), 81-103. <BR>" "Search for a Monetary Propagation Mechanism", <i>Journal of Economic Theory</i>81 (1998), 314-352. <BR>" "A Divisible Search Model of Fiat Money", <i>Econometrica</i> 65 (1997), 75-102. <BR>" "Credit and Money in a Search Model with Divisible Commodities", <i>Review of Economic Studies</i> 63 (1996), 627-652. <BR>" "Money and Prices: A Model of Search and Bargaining", <i>Journal of Economic Theory</i> 67 (1995), 467-496. </ul> <BR> <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=SHOUYONG-03-06">Liquidity, Interest Rates and Output</a>," 2004.</ul> <BR> <b>Some Presentations:</b> <ul>" "<a target=_blank href="http://repec.economics.utoronto.ca/repec_show_paper.php?handle=tecipa-327">Efficient Search on the Job and the Business Cycle</a>," (with Guido Menzio), presented at National U. of Singapore (2010), National Taiwan U. (2010), Canadian Macro Study Group meeting (2009), the 40th Constanz Seminar (Germany, 2009), UBC/Bank of Canada conference on macro (Vancouver, 2009), Princeton (2008), Vienna Macro conference (2008), Boston U. (2008), Research on Money and Markets (Toronto, 2008), NBER Summer Institute (2008), Society for Economic Dynamics meeting (Cambridge, 2008), Econometric Society Summer meeting (Pittsburgh, 2008), and the Bank of Canada (2008). <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), presented at Singapore Management U. (2010), National Taiwan U. (2010), Texas Monetary conference (Austin, 2009), Chicago FED conference on money, banking, payments and Finance (2009), Society for Economic Dynamics (Istanbul, 2009), and Society for the Advancement of Economic Theory (Ischia, Italy, 2009). <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), presented at Econometric Society Winter meeting (Atlanta, 2010), NBER conference on macro perspectives of the labor market (FED Minneapolis, 2009), U. Wisconsin-Madison (2009), U. Illinois-Urbana/Champaign (2009), Soceity for Economic Dynamics meeting (Istanbul, 2009), U. Pennsylvania (2008), NBER Summer Institute (2005), and Canadian Macro Study Group meeting (Vancouver 2005). <BR>" "<a target=_blank href="http://repec.economics.utoronto.ca/repec_show_paper.php?handle=tecipa-315">Vehicle Currency</a>," (with Michael B. Devereux), presented at the Monetary Economics Conference in London (Ontario, 2005), NBER summer institute (Cambridge, 2005), Minnesota summer workshop on macroeconomic theory (Minneapolis, 2005), and Canadian Macro Study Group meeting (Vancouver, 2005). <BR>" "<a target=_blank href="http://repec.economics.utoronto.ca/repec_show_paper.php?handle=tecipa-211">A Microfoundation of Monetary Economics</a>," State-of-the-Art Lecture at the Canadian Economic Association meeting, Hamilton, Ontario, 2005. <BR>" "<a target=_blank href="http://repec.economics.utoronto.ca/repec_show_paper.php?handle=SHOUYONG-03-06">Liquidity, Interest Rates and Output</a>," presented at Michigan State University (2004), Bank of Canada (2004), Federal Reserve Bank of Cleveland (2004), Federal Reserve Bank of Atlanta (2004), the Monetary Economics Conference in London (Ontario, 2005), and SAET conference (Vigo, Spain, 2005). <BR><BR> <BR> <ul><ul><a href="#top">Back To Top</A><BR><a href='javascript:history.back()'>Back to Previous Page</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>