Huiyu (Huey) Li

I am a macroeconomist interested in growth, aggregate productivity, and firm dynamics.


Economic Research,

Federal Reserve Bank of San Francisco,

101 Market Street, San Francisco, CA 94105


Research Advisor, FRB SF, since August 2021

Senior Economist, FRB SF, April 2019 - July 2021

Economist, FRB SF, May 2015 - April 2019


Ph.D. in Economics, Stanford University, 2015

M.A. in Economics, University of Tokyo, 2009

B.A. in Economics, University of Tokyo, 2007


Accepted Review of Economic Studies, Oct 2022.

with Philippe Aghion, Antonin Bergeaud, Timo Boppart, and Pete Klenow

The conference volume of the Jackson Hole Economic Symposium

with John Fernald

with Timo Boppart

Journal of Econometrics, 222 (1), Part A, 56-72, May 2021.

with Han Hong and Jessie Li

NBER Macroeconomics Annual, 2020

with Pete Klenow

American Economic Review, 109(8), 2795–2822, Aug 2019.

with Philippe Aghion, Antonin Bergeaud, Timo Boppart and Pete Klenow

Computational Economics, 46(2), 171-187, Aug 2015.

Journal of Economic Dynamics and Control, 45, 353-365, Aug 2014.

with John Stachurski

Mathematics of Operations Research, 37(3), 489-500, Aug 2012.

with R. Anton Braun and John Stachurski

Working papers:

Work in progress:

  • The Effect of Aging on Entrepreneurship and Aggregate Productivity (with Naomi Kodama) Old draft from 2018.

  • What Drives Trends in Employment to Population Ratios? (with Nicolas Petrosky-Nadeau)

Fallow working papers:


Short publications:

Other professional activities:

  • U.S. Census Bureau Special Sworn Status Researcher, since 2015

  • Macro Finance Society member, since 2015.

  • Referee experience: Econometrica | Journal of Political Economy | Quarterly Journal of Economics | Review of Economic Studies | AER Insights | AEJ Macro | Journal of Monetary Economics | Journal of Development Economics | Journal of Economics Theory | Review of Economic Dynamics | Review of Economics and Statistics | European Economic Review | Quantitative Economics | Journal of Economic Dynamics and Control | the B.E. Journal of Macroeconomics | Computational Economics | Economics Letters


2021 Excellence in Refereeing Award, AER: Insights

2020 Excellence in Refereeing Award, AER: Insights

2014-15 Leonard W. Ely and Shirley R. Ely Graduate Student Fund Fellowship, SIEPR

2013-14 Dissertation Fellow, IRiSS Stanford

2013-14 Japan Fund Dissertation Fellowship, FSI

2012-13 Shultz Graduate Student Fellowship in Economic Policy, SIEPR

2012-13 Shorenstein Predoctoral Fellowship in Contemporary Asia

2009-10 Stanford Department Fellowship

2009 JSPS Research Fellowships for Young Scientists

2008 CEMANO-COE Distinguished TA Award for Core Graduate Macroeconomics II, The University of Tokyo

2007-09 Japanese Government Scholarship for Master Studies

2007 Presidential Award, The University of Tokyo

2002-06 Japanese Government Scholarship for Undergraduate Studies

Last Updated : December 2022.

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