Zhe Li CV

School of Economics

Shanghai University of Finance and Economics

777 Guoding Road, Shanghai, 200433

Phone: 86-21-65904363

Email: li.zhe@shufe.edu.cn

Position:

              Associate Professor，Shanghai University of Finance and Economics (SUFE)， Aug. 2010 ------ Present

Employment History:

              Assistant Professor,  Shanghai University of Finance and Economics， Aug. 2009 - Aug. 2010

Education:

              PhD, Economics, University of Toronto (2009)

              MSc, Environmental Economics, McGill University (2004) 

              BSc, Finance, China Agricultural University

Research Interests:

              Macroeconomics and Monetary Economics

              Environmental Economics

Publications:

1. “The Welfare Costs of Expected and Unexpected Inflation”, Journal of Monetary Economics, Vol. 56 (7), p. 1004-1013, 2009, with Miquel Faig.

2. "Credit Trading and the Welfare Cost of Inflation: A Search Approach", Economic Research Journal 《经济研究》, Vol 564 (49), p. 4-18, Oct., 2014, with Wei Zhao. （Lead article)

3. "An Empirical Test of the "Financial Accelerator" In China —— Evidence from the Chinese Industrial Enterprises Database", Frontiers of Economics in China, Vol. 10 (3), p. 509-526, Sep., 2015, with Jie Chen. 

4. “Emission Taxes and Standards in a General Equilibrium with Entry and Exit”, Journal of Economic Dynamics and Control, Vol. 61, p. 34-60, Dec., 2015, with Jianfei Sun.

5. “Emission Taxes and Standards in a General Equilibrium with Productivity Dispersion and Abatement”, Macroeconomic Dynamics, Vol. 21 (8), p. 1857-1886, Dec. 2017, with Shouyong Shi.  

6. "Is risk shock a key factor driving business cycles in China?" The B.E. Journal of Macroeconomics (constributions), Vol. 19(1), p. 1-18, Jan. 2019, with Shuixing Luo. 

7. "Lending Competition and Loan Sales: A Macroeconomic Analysis under Directed Search." Economic Inquiry, Vol. 59(2), p. 648-661, April 2021, with Kevin X.D., Huang and Jianfei Sun.

8. "How Much Between-Group Wage Gaps Can be Explained by Talent Allocation Frictions in China?"  International Studies of Economics, Vol. 17(2),  p.183-215, July 2022, with Qingyu Peng.  

9. “Environmental Regulation and Equilibrium Unemployment in China: Evidence from a Multiple-Sector Search and Matching Model.” China Economic Review, Feb. 2025, with Pinjie Lyu and Jianfei Sun. 

10. "Factors Influencing the Manufacturing Industry’s Pollution Emissions: Evidence from China." Economic Modelling, 2025, with Lin Zhu.  Replication data and code https://data.mendeley.com/datasets/5pmkzpbtzt/1 

Honours and Awards

             2014 -15:     The 13th outstanding achievement award of philosophy and Social Sciences in  Shanghai (Second grade)

             2012:            Advanced worker, Shanghai University of Finance and Economics

             2010:            The 16th Zhong Zhen research fund for an excellent research paper, Shanghai University of Finance and Economics

             2009:            Maurice Cody Research Fellowship for excellent academic achievement University of Toronto

           2008-2009:    University of Toronto Doctoral Thesis Completion Grant

           2004-2008:   University of Toronto Graduate Fellowship

           2002-2004:    McGill University Marian and Ralph Sketch Fellowship

Research Funding     

        2021:     The National Natural Science Foundation of China (NSFC), project  number 72073085

                      (Jan. 2021- Dec. 2024). Title: "The Employment Effect of  Environmental Regulation

                      -- on Multi-sectoral General Equilibrium Labor Search Model Based on China's Industry Data". 

        2013:     The National Natural Science Foundation of China (NSFC), project

                       number 71203127 (Jan. 2013- Dec. 2015). Title: "Environmental

                       Policy, Regional Economy and Welfare".

        2011:     Shanghai Pujiang Program, project # 11PJC 060 (Oct. 2011- Sep. 2013). 

                       Title: "Environmental Policy, Regional Economy and Welfare".

Professional Service

                     2009-2010, 2011-2012, 2014-2017:  Recruiting Committee,  SUFE

                     2010-2017: Organizer of the “Shanghai Macroeconomics Workshop”, SUFE

                     2010-2014:  Coordinator of Seminars in Macroeconomics, SUFE

Other outside survices:

                  Corresponding review expert for The National Natural Science Foundation of China  

                   (NSFC), 2014-2024

                   PhD thesis evaluation expert for the Education Ministry, 2014-2024

 Referee:     

American Economic Journal: Economic Policy, Journal of Public Economics, Journal of Development Economics, Journal of Environmental Economics and Management, Journal of Economic Theory，Journal of Money, Credit and Banking, Macroeconomic Dynamics, Economic Inquiry, China Economic Review, Economic Modelling, Economic Letters, Economic Research Journal 《经济研究》，China Economic Quarterly《经济学(季刊)》, The Journal of World Economy《世界经济》, Frontiers of Economics in China,  Economics Bulletin, Mathematical Social Sciences，The Quarterly Review of Economics and Finance