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Details about Shouyong Shi

E-mail:
Homepage:http://sites.google.com/site/shouyongsite/
Postal address:Department of Economics, Pennsylvania State University, University Park, PA 16802, USA
Workplace:Department of Economics, Pennsylvania State University, (more information at EDIRC)

Access statistics for papers by Shouyong Shi.

Last updated 2018-11-26. Update your information in the RePEc Author Service.

Short-id: psh12


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Working Papers

2018

  1. Learning, On-the-Job Search and Wage-Tenure Contracts
    Working Papers, University of Toronto, Department of Economics Downloads
  2. Should Buyers or Sellers Trade in a Frictional Market?
    2018 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)

2017

  1. Wealth Accumulation, On the Job Search and Inequality
    2017 Meeting Papers, Society for Economic Dynamics Downloads View citations (3)

2016

  1. Efficient Job Upgrading, Search on the Job and Output Dispersion
    2016 Meeting Papers, Society for Economic Dynamics View citations (1)

2015

  1. Endogenously Procyclical Liquidity, Capital Reallocation, and q
    2015 Meeting Papers, Society for Economic Dynamics Downloads

2014

  1. Sectoral Shift, Job Mobility and Wage Inequality
    2014 Meeting Papers, Society for Economic Dynamics Downloads
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) Downloads

2013

  1. A Monetary Theory with Non-degenerate Distributions
    Working Papers, University of Toronto, Department of Economics Downloads View citations (19)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2011) Downloads View citations (1)
    2009 Meeting Papers, Society for Economic Dynamics (2009) Downloads View citations (5)
    2010 Meeting Papers, Society for Economic Dynamics (2010)
    Working Paper, Economics Department, Queen's University (2011) Downloads View citations (1)
    Working Papers, University of Toronto, Department of Economics (2011) Downloads View citations (6)

    See also Journal Article in Journal of Economic Theory (2013)
  2. Customer Relationship and Sales
    Working Papers, University of Toronto, Department of Economics Downloads View citations (2)
    Also in 2013 Meeting Papers, Society for Economic Dynamics (2013) Downloads
    Working Papers, University of Toronto, Department of Economics (2011) Downloads View citations (3)

    See also Journal Article in Journal of Economic Theory (2016)
  3. Financial Frictions, Investment Delay and Asset Market Interventions
    Working Papers, University of Toronto, Department of Economics Downloads
    See also Journal Article in Journal of Money, Credit and Banking (2015)

2012

  1. Liquidity, Assets and Business Cycles
    Working Papers, University of Toronto, Department of Economics Downloads View citations (8)
    Also in Working Papers, University of Toronto, Department of Economics (2011) Downloads View citations (6)

    See also Journal Article in Journal of Monetary Economics (2015)
  2. Liquidity, Innovation and Growth
    Working Papers, University of Toronto, Department of Economics Downloads View citations (16)
    Also in IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich (2012) Downloads View citations (19)
    Working Papers, University of Toronto, Department of Economics (2009) Downloads View citations (5)
    Post-Print, HAL (2012) Downloads View citations (4)

    See also Journal Article in Journal of Monetary Economics (2012)
  3. Pricing and Signaling with Frictions
    Working Papers, University of Toronto, Department of Economics Downloads View citations (7)
    Also in Working Papers, University of Toronto, Department of Economics (2007) Downloads View citations (8)

    See also Journal Article in Journal of Economic Theory (2013)

2011

  1. Efficient Search on the Job and the Business Cycle
    Working Papers, University of Toronto, Department of Economics Downloads View citations (84)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (32)
    Working Papers, University of Toronto, Department of Economics (2008) Downloads View citations (13)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2008) Downloads View citations (10)

    See also Journal Article in Journal of Political Economy (2011)

2010

  1. Directed Search on the Job, Heterogeneity, and Aggregate Fluctuations
    Working Papers, University of Toronto, Department of Economics Downloads View citations (34)
    See also Journal Article in American Economic Review (2010)
  2. Emission Tax or Standard: The Roles of Productivity Dispersion and Abatement
    2010 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
  3. Emission Tax or Standard? The Role of Productivity Dispersion
    Working Papers, University of Toronto, Department of Economics Downloads View citations (5)

2009

  1. An Equilibrium Theory of Learning, Search and Wages
    Working Papers, University of Toronto, Department of Economics Downloads View citations (12)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) Downloads View citations (1)
    Working Papers, University of Toronto, Department of Economics (2008) Downloads View citations (3)

    See also Journal Article in Econometrica (2010)
  2. Block Recursive Equilibria for Stochastic Models of Search on the Job
    Working Papers, University of Toronto, Department of Economics Downloads View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (7)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2009) Downloads View citations (35)
    2009 Meeting Papers, Society for Economic Dynamics (2009) Downloads View citations (3)

    See also Journal Article in Journal of Economic Theory (2010)
  3. Efficient Search on the Job and the Business Cycle, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania Downloads View citations (6)
  4. Liquidity and Growth
    2009 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)

2008

  1. A Tractable Model of Search on the Job and Aggregate Fluctuations
    2008 Meeting Papers, Society for Economic Dynamics View citations (1)
  2. Directed Search for Equilibrium Wage-Tenure Contracts
    Working Papers, University of Toronto, Department of Economics Downloads View citations (7)
    Also in Working Papers, University of Toronto, Department of Economics (2006) Downloads View citations (6)

    See also Journal Article in Econometrica (2009)
  3. Efficiency Improvement from Restricting the Liquidity of Nominal Bonds
    Working Papers, University of Toronto, Department of Economics Downloads View citations (12)
    See also Journal Article in Journal of Monetary Economics (2008)
  4. Financial Deepening, Inflation and Economic Growth
    2008 Meeting Papers, Society for Economic Dynamics Downloads
  5. On-the-Job Search and Business Cycles
    2008 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
    Also in Working Papers, University of Toronto, Department of Economics (2008) Downloads View citations (3)
  6. Vehicle Currency
    Working Papers, University of Toronto, Department of Economics Downloads View citations (8)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2008) Downloads View citations (3)

    See also Journal Article in International Economic Review (2013)

2007

  1. An Equilibrium Theory of Declining Reservation Wages and Learning
    Working Papers, University of Toronto, Department of Economics Downloads View citations (3)
  2. Matching, Pricing, and Quality Investment
    2007 Meeting Papers, Society for Economic Dynamics

2006

  1. A Microfoundation of Monetary Economics
    Working Papers, University of Toronto, Department of Economics Downloads View citations (3)
  2. Currency Areas and Monetary Coordination
    Working Papers, University of Toronto, Department of Economics Downloads View citations (1)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) Downloads View citations (3)

    See also Journal Article in International Economic Review (2010)
  3. Money, Price Dispersion and Welfare
    Working Papers, University of Toronto, Department of Economics Downloads View citations (6)
    See also Journal Article in Economic Theory (2004)
  4. Search Theory; Current Perspectives
    Working Papers, University of Toronto, Department of Economics Downloads View citations (6)
  5. The Variability of Velocity of Money in a Search Model
    Working Papers, University of Toronto, Department of Economics Downloads View citations (27)
    See also Journal Article in Journal of Monetary Economics (2006)
  6. Wage Differentials, Discrimination and Efficiency
    Working Papers, University of Toronto, Department of Economics Downloads View citations (13)
    See also Journal Article in European Economic Review (2006)
  7. Welfare Improvement from Restricting the Liquidity of Nominal Bonds
    Working Papers, University of Toronto, Department of Economics Downloads View citations (4)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) Downloads View citations (2)

2004

  1. Friedman meets Hosios: efficiency in search models of money
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (24)
    Also in IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich Downloads View citations (13)
    Working Papers, University of Toronto, Department of Economics (2002) Downloads View citations (3)

    See also Journal Article in Economic Journal (2007)

2003

  1. A Search-Theoretic Model of Bureaucracy and Corruption
    Working Papers, University of Toronto, Department of Economics Downloads
  2. Directed Search On the Job and the Wage Ladder
    Working Papers, University of Toronto, Department of Economics Downloads View citations (23)
    See also Journal Article in International Economic Review (2006)
  3. Liquidity, Interest Rates and Output
    Working Papers, University of Toronto, Department of Economics Downloads View citations (6)
    See also Journal Article in Annals of Economics and Finance (2014)

2002

  1. A Fundamental Theory of Exchange Rates and Direct Currency Trades
    Working Papers, University of Toronto, Department of Economics Downloads View citations (4)
    Also in Working Paper, Economics Department, Queen's University (2000) View citations (10)

    See also Journal Article in Journal of Monetary Economics (2003)
  2. Frictional Assignment, Part II: Infinite Horizon and Inequality
    Working Papers, University of Toronto, Department of Economics Downloads
    See also Journal Article in Review of Economic Dynamics (2005)
  3. Nominal Bonds and Interest Rates: The Case of One-Period Bonds
    Working Papers, University of Toronto, Department of Economics Downloads View citations (2)
  4. Signalling in the Internet Craze of Initial Public Offerings
    Working Papers, University of Toronto, Department of Economics Downloads
    See also Journal Article in Journal of Corporate Finance (2006)
  5. The Extent of the Market and the Optimal Degree of Specialization
    Working Papers, University of Toronto, Department of Economics Downloads View citations (1)

2001

  1. Liquidity, Bargaining, and Multiple Equilibria in a Search Monetary Model
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics Downloads View citations (14)
    See also Journal Article in Annals of Economics and Finance (2001)

2000

  1. Screening, Bidding, and the Loan Market Tightness
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (9)
    Also in Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal (1999) Downloads View citations (5)
    Working Paper, Economics Department, Queen's University (1999) Downloads View citations (1)

    See also Journal Article in Review of Finance (2001)

1999

  1. Market Integration, Matching and Wages
    Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal Downloads
  2. Publicity And The Clustering Of Ipo Underpricing
    Working Paper, Economics Department, Queen's University Downloads View citations (4)
  3. Unskilled Workers In An Economy With Skill-biased Technology
    Working Paper, Economics Department, Queen's University Downloads
    Also in Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal (1998) Downloads View citations (1)
    Working Paper Series, Federal Reserve Bank of Chicago (1999)

1998

  1. Frictional Assignment
    Working Paper, Economics Department, Queen's University Downloads View citations (21)
    Also in Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal (1998) Downloads View citations (9)
  2. Pricing with frictions
    Working Papers, Federal Reserve Bank of Philadelphia View citations (14)
  3. Product Market And The Size-wage Differential
    Working Paper, Economics Department, Queen's University View citations (1)
    See also Journal Article in International Economic Review (2002)
  4. Search, Inflation, And Capital Accumulation
    Working Paper, Economics Department, Queen's University
    See also Journal Article in Journal of Monetary Economics (1999)

1997

  1. Search For A Monetary Propagation Mechanism
    Working Paper, Economics Department, Queen's University Downloads View citations (2)
    See also Journal Article in Journal of Economic Theory (1998)
  2. Tariffs, Unemployment, And The Current Account: An Intertemporal Equilibrium Model
    Working Paper, Economics Department, Queen's University Downloads View citations (1)

1996

  1. A Divisible Search Model of Fiat Money
    Working Paper, Economics Department, Queen's University Downloads View citations (9)
    See also Journal Article in Econometrica (1997)

1995

  1. Credit And Money In A Search Model With Divisible Commodities
    Working Paper, Economics Department, Queen's University Downloads View citations (8)
    See also Journal Article in Review of Economic Studies (1996)
  2. Money and Prices: A Model of Search and Bargaining
    Working Paper, Economics Department, Queen's University Downloads View citations (242)
    See also Journal Article in Journal of Economic Theory (1995)

1994

  1. Unemployment and the Dynamic Effects of Factor Income Taxation
    Working Paper, Economics Department, Queen's University Downloads View citations (5)

1989

  1. Capital Accumulation and the Current Account in a Two-Country Model
    Working Paper, Economics Department, Queen's University View citations (3)
    See also Journal Article in Journal of International Economics (1991)

Journal Articles

2017

  1. EMISSION TAXES AND STANDARDS IN A GENERAL EQUILIBRIUM WITH PRODUCTIVITY DISPERSION AND ABATEMENT
    Macroeconomic Dynamics, 2017, 21, (8), 1857-1886 Downloads

2016

  1. Burdett-Mortensen Model of On-the-Job Search with Two Sectors
    Review of Economic Dynamics, 2016, 19, 108-134 Downloads View citations (2)
    See also Software Item (2015)
  2. Customer relationship and sales
    Journal of Economic Theory, 2016, 166, (C), 483-516 Downloads View citations (4)
    See also Working Paper (2013)

2015

  1. Financial Frictions, Investment Delay, and Asset Market Interventions
    Journal of Money, Credit and Banking, 2015, 47, (S2), 155-196 Downloads
    See also Working Paper (2013)
  2. Liquidity, assets and business cycles
    Journal of Monetary Economics, 2015, 70, (C), 116-132 Downloads View citations (15)
    See also Working Paper (2012)

2014

  1. Liquidity, Interest Rates and Output
    Annals of Economics and Finance, 2014, 15, (1), 53-95 Downloads View citations (5)
    See also Working Paper (2003)

2013

  1. A monetary theory with non-degenerate distributions
    Journal of Economic Theory, 2013, 148, (6), 2266-2312 Downloads View citations (21)
    See also Working Paper (2013)
  2. Pricing and signaling with frictions
    Journal of Economic Theory, 2013, 148, (4), 1301-1332 Downloads View citations (42)
    See also Working Paper (2012)
  3. VEHICLE CURRENCY
    International Economic Review, 2013, 54, (1), 97-133 View citations (22)
    See also Working Paper (2008)

2012

  1. Liquidity, innovation and growth
    Journal of Monetary Economics, 2012, 59, (8), 721-737 Downloads View citations (17)
    See also Working Paper (2012)

2011

  1. Efficient Search on the Job and the Business Cycle
    Journal of Political Economy, 2011, 119, (3), 468 - 510 Downloads View citations (147)
    See also Working Paper (2011)

2010

  1. An Equilibrium Theory of Learning, Search, and Wages
    Econometrica, 2010, 78, (2), 509-537 Downloads View citations (26)
    See also Working Paper (2009)
  2. Block recursive equilibria for stochastic models of search on the job
    Journal of Economic Theory, 2010, 145, (4), 1453-1494 Downloads View citations (78)
    See also Working Paper (2009)
  3. CURRENCY AREAS AND MONETARY COORDINATION
    International Economic Review, 2010, 51, (3), 813-836 Downloads View citations (4)
    See also Working Paper (2006)
  4. Directed Search on the Job, Heterogeneity, and Aggregate Fluctuations
    American Economic Review, 2010, 100, (2), 327-32 Downloads View citations (27)
    See also Working Paper (2010)

2009

  1. Directed Search for Equilibrium Wage-Tenure Contracts
    Econometrica, 2009, 77, (2), 561-584 Downloads View citations (87)
    See also Working Paper (2008)

2008

  1. Efficiency improvement from restricting the liquidity of nominal bonds
    Journal of Monetary Economics, 2008, 55, (6), 1025-1037 Downloads View citations (12)
    See also Working Paper (2008)

2007

  1. Friedman Meets Hosios: Efficiency in Search Models of Money
    Economic Journal, 2007, 117, (516), 174-195 Downloads View citations (37)
    See also Working Paper (2004)

2006

  1. DIRECTED SEARCH ON THE JOB AND THE WAGE LADDER
    International Economic Review, 2006, 47, (2), 651-699 Downloads View citations (36)
    See also Working Paper (2003)
  2. Signaling in the Internet craze of initial public offerings
    Journal of Corporate Finance, 2006, 12, (4), 818-833 Downloads View citations (4)
    See also Working Paper (2002)
  3. The variability of velocity of money in a search model
    Journal of Monetary Economics, 2006, 53, (3), 537-571 Downloads View citations (20)
    See also Working Paper (2006)
  4. Viewpoint: A microfoundation of monetary economics
    Canadian Journal of Economics, 2006, 39, (3), 643-688 View citations (25)
  5. Wage differentials, discrimination and efficiency
    European Economic Review, 2006, 50, (4), 849-875 Downloads View citations (17)
    See also Working Paper (2006)

2005

  1. Frictional Assignment, Part II: Infinite Horizon and Inequality
    Review of Economic Dynamics, 2005, 8, (1), 106-137 Downloads View citations (3)
    See also Working Paper (2002)
  2. NOMINAL BONDS AND INTEREST RATES
    International Economic Review, 2005, 46, (2), 579-612 Downloads View citations (19)
  3. The extent of the market and optimal specialization
    Economic Theory, 2005, 25, (2), 333-351 Downloads

2004

  1. A MODEL OF BUREAUCRACY AND CORRUPTION
    International Economic Review, 2004, 45, (3), 873-908 Downloads View citations (7)
  2. International Borrowing, Specialization, and Unemployment in a Small Open Economy
    Review of International Economics, 2004, 12, (1), 41-59 Downloads View citations (1)
  3. Money, price dispersion and welfare
    Economic Theory, 2004, 24, (4), 907-932 Downloads View citations (6)
    See also Working Paper (2006)

2003

  1. A fundamental theory of exchange rates and direct currency trades
    Journal of Monetary Economics, 2003, 50, (7), 1555-1591 Downloads View citations (35)
    See also Working Paper (2002)

2002

  1. A Directed Search Model of Inequality with Heterogeneous Skills and Skill-Biased Technology
    Review of Economic Studies, 2002, 69, (2), 467-491 Downloads View citations (92)
  2. Product Market and the Size-Wage Differential
    International Economic Review, 2002, 43, (1), 21-54 Downloads View citations (17)
    See also Working Paper (1998)

2001

  1. Bargains, Barter and Money
    Review of Economic Dynamics, 2001, 4, (1), 188-209 Downloads View citations (4)
  2. Frictional Assignment. I. Efficiency
    Journal of Economic Theory, 2001, 98, (2), 232-260 Downloads View citations (82)
  3. Liquidity, Bargaining, and Multiple Equilibria in a Search Monetary Model
    Annals of Economics and Finance, 2001, 2, (2), 325-351 Downloads View citations (16)
    See also Working Paper (2001)
  4. Pricing and Matching with Frictions
    Journal of Political Economy, 2001, 109, (5), 1060-1085 Downloads View citations (329)
  5. Screening, Bidding, and the Loan Market Tightness*
    Review of Finance, 2001, 5, (1-2), 21-61 Downloads View citations (4)
    See also Working Paper (2000)

2000

  1. Coordination, matching, and wages
    Canadian Journal of Economics, 2000, 33, (4), 1009-1033 Downloads View citations (12)
  2. The Research Agenda: Search Theory beyond the Matching Function
    EconomicDynamics Newsletter, 2000, 1, (2) Downloads

1999

  1. Fashion and wealth accumulation
    Economic Theory, 1999, 14, (2), 439-461 Downloads View citations (12)
  2. Innovation, Growth, and Welfare-Improving Cycles
    Journal of Economic Theory, 1999, 85, (2), 226-257 Downloads View citations (13)
  3. Labor market search and the dynamic effects of taxes and subsidies
    Journal of Monetary Economics, 1999, 43, (2), 457-495 Downloads View citations (45)
  4. Money, capital, and redistributive effects of monetary policies
    Journal of Economic Dynamics and Control, 1999, 23, (4), 565-590 Downloads View citations (10)
  5. Search, inflation and capital accumulation
    Journal of Monetary Economics, 1999, 44, (1), 81-103 Downloads View citations (44)
    See also Working Paper (1998)

1998

  1. Bargaining with Surplus Destruction
    Canadian Journal of Economics, 1998, 31, (4), 915-932 Downloads View citations (11)
  2. Search for a Monetary Propagation Mechanism
    Journal of Economic Theory, 1998, 81, (2), 314-352 Downloads View citations (56)
    See also Working Paper (1997)
  3. Stochastic Relation Between Money and Capital in an Economy with Spatially Separated Markets
    Review of Economic Dynamics, 1998, 1, (4), 754-780 Downloads

1997

  1. A Divisible Search Model of Fiat Money
    Econometrica, 1997, 65, (1), 75-102 View citations (218)
    See also Working Paper (1996)
  2. Labor market search and capital accumulation: Some analytical results
    Journal of Economic Dynamics and Control, 1997, 21, (10), 1747-1776 Downloads View citations (28)
  3. Money and specialization
    Economic Theory, 1997, 10, (1), 99-133 Downloads View citations (7)

1996

  1. Asymmetric Information, Credit Rationing, and Economic Growth
    Canadian Journal of Economics, 1996, 29, (3), 665-87 Downloads View citations (4)
  2. Credit and Money in a Search Model with Divisible Commodities
    Review of Economic Studies, 1996, 63, (4), 627-652 Downloads View citations (48)
    See also Working Paper (1995)

1995

  1. Money and Prices: A Model of Search and Bargaining
    Journal of Economic Theory, 1995, 67, (2), 467-496 Downloads View citations (228)
    See also Working Paper (1995)

1994

  1. Weakly Nonseparable Preferences and Distortionary Taxes in a Small Open Economy
    International Economic Review, 1994, 35, (2), 411-28 Downloads View citations (8)

1993

  1. Habits and Time Preference
    International Economic Review, 1993, 34, (1), 61-84 Downloads View citations (41)

1991

  1. Capital accumulation and the current account in a two-country model
    Journal of International Economics, 1991, 30, (1-2), 1-25 Downloads View citations (39)
    See also Working Paper (1989)

1988

  1. Rational expectation equilibrium under quasilinear preferences: A diagrammatic approach
    Economics Letters, 1988, 26, (2), 107-110 Downloads View citations (2)
  2. Rothschild-Stiglitz competitive insurance market under quasilinear preferences
    Economics Letters, 1988, 27, (1), 27-30 Downloads View citations (2)

Software Items

2015

  1. Code and data files for "Burdett-Mortensen Model of On-the-job Search with Two Sectors"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article in Review of Economic Dynamics (2016)
 
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