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


Review of Economic Studies, 90(6), 2675–2702, Nov 2023. 

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:

Fallow working papers:


Short publications:

Other professional activities:


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 : February 2024.

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