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Zhaorui Li (李兆睿)

Welcome to my website!

I am a Post-doctoral Fellow at Hong Kong University of Science and Technology. I obtained my PhD in 2024 from Peking University HSBC Business School.

My main research fields are macroeconomics and macro-finance. My current research pursues three themes: (1) the drivers and impacts of firm endogenous information production; (2) the implications of behavioral biases on macro-finance; (3) the macroeconomic impacts of the data economy.

Please feel free to contact me at: zhaoruil(at)ust(dot)hk

Recent Updates:

2025.11: (Conference) EFG Annual Conference (Xiamen) on paper "Information Acquisition and the Finance-Uncertainty Trap".

2025.11: (Conference) SIQEF Macro Workshop (Shenzhen) on paper "A Reference-Dependent Fiscal Theory of Self-Fulfilling Price Levels".

2025.10: (Conference) CBCF 2025 (Jinan) & CFAM 2025 (Nanjing) on paper "Information Acquisition and the Finance-Uncertainty Trap".

2025.09: (Conference) 8th HenU / INFER Workshop on Applied Macroeconomics (Kaifeng) on paper "Monetary Policy in a Data Economy".

2025.09: (Conference) Stanford SITE on paper "Information Acquisition and the Finance-Uncertainty Trap".

2025.06: (Conference) SWUFE International Conference on Macro Finance (Chengdu) on paper "Monetary Policy in a Data Economy".

2025.05: (R&R) Paper "Reference-dependent Preferences and Sentiment-driven Asset Prices" received Revise and Resubmit at Journal of Finance.

2025.05: (Conference) SIQEF-HKBU Joint Workshop on Information Friction and Expectation in Macroeconomics and Finance

2024.09: (Publication) Paper "Data, Production and Macroeconomy: A General Equilibrium Theory with Firm Digitalization (in Chinese)" published at Management World (管理世界).

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