Details about Shouyong Shi

Homepage:	http://sites.google.com/site/shouyongsite/
Postal address:	Department of Economics, Queen's University, Kingston, Ontario, Canada, K7L3N6
Workplace:	Economics Department, Queen's University, (more information at EDIRC)

Access statistics for papers by Shouyong Shi.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: psh12

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Working Papers

2019

1. Sequentially Mixed Search and Equilibrium Price Dispersion
   2019 Meeting Papers, Society for Economic Dynamics View citations (1)

2018

2. Learning, On-the-Job Search and Wage-Tenure Contracts
   Working Papers, University of Toronto, Department of Economics
3. Should Buyers or Sellers Trade in a Frictional Market?
   2018 Meeting Papers, Society for Economic Dynamics View citations (10)

2017

4. Wealth Accumulation, On the Job Search and Inequality
   2017 Meeting Papers, Society for Economic Dynamics View citations (8)
   See also Journal Article in Journal of Monetary Economics (2022)

2016

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

2015

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

2014

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

2013

8. A Monetary Theory with Non-degenerate Distributions
   Working Papers, University of Toronto, Department of Economics View citations (26)
   Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (7)
   Working Papers, University of Toronto, Department of Economics (2011) View citations (9)
   2010 Meeting Papers, Society for Economic Dynamics (2010)
   Working Paper, Economics Department, Queen's University (2011) View citations (2)
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2011) View citations (2)
   See also Journal Article in Journal of Economic Theory (2013)
9. Customer Relationship and Sales
   Working Papers, University of Toronto, Department of Economics View citations (4)
   Also in Working Papers, University of Toronto, Department of Economics (2011) View citations (23)
   2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (2)
   See also Journal Article in Journal of Economic Theory (2016)
10. Financial Frictions, Investment Delay and Asset Market Interventions
    Working Papers, University of Toronto, Department of Economics
    See also Journal Article in Journal of Money, Credit and Banking (2015)

2012

11. Liquidity, Assets and Business Cycles
    Working Papers, University of Toronto, Department of Economics View citations (17)
    Also in Working Papers, University of Toronto, Department of Economics (2011) View citations (6)
    See also Journal Article in Journal of Monetary Economics (2015)
12. Liquidity, Innovation and Growth
    Working Papers, University of Toronto, Department of Economics View citations (24)
    Also in Working Papers, University of Toronto, Department of Economics (2009) View citations (5)
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich (2012) View citations (26)
    Post-Print, HAL (2012) View citations (12)
    See also Journal Article in Journal of Monetary Economics (2012)
13. Pricing and Signaling with Frictions
    Working Papers, University of Toronto, Department of Economics View citations (7)
    Also in Working Papers, University of Toronto, Department of Economics (2007) View citations (12)
    See also Journal Article in Journal of Economic Theory (2013)

2011

14. Efficient Search on the Job and the Business Cycle
    Working Papers, University of Toronto, Department of Economics View citations (169)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2008) View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (40)
    Working Papers, University of Toronto, Department of Economics (2008) View citations (17)
    See also Journal Article in Journal of Political Economy (2011)

2010

15. Directed Search on the Job, Heterogeneity, and Aggregate Fluctuations
    Working Papers, University of Toronto, Department of Economics View citations (45)
    See also Journal Article in American Economic Review (2010)
16. Emission Tax or Standard: The Roles of Productivity Dispersion and Abatement
    2010 Meeting Papers, Society for Economic Dynamics View citations (4)
17. Emission Tax or Standard? The Role of Productivity Dispersion
    Working Papers, University of Toronto, Department of Economics View citations (8)

2009

18. An Equilibrium Theory of Learning, Search and Wages
    2009 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in Working Papers, University of Toronto, Department of Economics (2008) View citations (4)
    Working Papers, University of Toronto, Department of Economics (2009) View citations (12)
    See also Journal Article in Econometrica (2010)
19. Block Recursive Equilibria for Stochastic Models of Search on the Job
    Working Papers, University of Toronto, Department of Economics View citations (12)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (12)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2009) View citations (39)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (11)
    See also Journal Article in Journal of Economic Theory (2010)
20. 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 View citations (6)
21. Liquidity and Growth
    2009 Meeting Papers, Society for Economic Dynamics View citations (7)

2008

22. A Tractable Model of Search on the Job and Aggregate Fluctuations
    2008 Meeting Papers, Society for Economic Dynamics View citations (1)
23. Directed Search for Equilibrium Wage-Tenure Contracts
    Working Papers, University of Toronto, Department of Economics View citations (7)
    Also in Working Papers, University of Toronto, Department of Economics (2006) View citations (7)
    See also Journal Article in Econometrica (2009)
24. Efficiency Improvement from Restricting the Liquidity of Nominal Bonds
    Working Papers, University of Toronto, Department of Economics View citations (27)
    See also Journal Article in Journal of Monetary Economics (2008)
25. Financial Deepening, Inflation and Economic Growth
    2008 Meeting Papers, Society for Economic Dynamics
26. On-the-Job Search and Business Cycles
    Working Papers, University of Toronto, Department of Economics View citations (4)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (3)
27. Vehicle Currency
    Working Papers, University of Toronto, Department of Economics View citations (8)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2008) View citations (3)
    See also Journal Article in International Economic Review (2013)

2007

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

2006

30. A Microfoundation of Monetary Economics
    Working Papers, University of Toronto, Department of Economics View citations (42)
31. Currency Areas and Monetary Coordination
    Working Papers, University of Toronto, Department of Economics View citations (1)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (4)
    See also Journal Article in International Economic Review (2010)
32. Money, Price Dispersion and Welfare
    Working Papers, University of Toronto, Department of Economics View citations (6)
    See also Chapter (2006)
    Journal Article in Economic Theory (2004)
33. Search Theory; Current Perspectives
    Working Papers, University of Toronto, Department of Economics View citations (13)
34. The Variability of Velocity of Money in a Search Model
    Working Papers, University of Toronto, Department of Economics View citations (36)
    See also Journal Article in Journal of Monetary Economics (2006)
35. Wage Differentials, Discrimination and Efficiency
    Working Papers, University of Toronto, Department of Economics View citations (18)
    See also Journal Article in European Economic Review (2006)
36. Welfare Improvement from Restricting the Liquidity of Nominal Bonds
    Working Papers, University of Toronto, Department of Economics View citations (5)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (3)

2004

37. Friedman meets Hosios: efficiency in search models of money
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (24)
    Also in IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (55)
    Working Papers, University of Toronto, Department of Economics (2002) View citations (3)
    See also Journal Article in Economic Journal (2007)

2003

38. A Search-Theoretic Model of Bureaucracy and Corruption
    Working Papers, University of Toronto, Department of Economics
39. Directed Search On the Job and the Wage Ladder
    Working Papers, University of Toronto, Department of Economics View citations (23)
    See also Journal Article in International Economic Review (2006)
40. Liquidity, Interest Rates and Output
    Levine's Bibliography, UCLA Department of Economics View citations (1)
    Also in Working Papers, University of Toronto, Department of Economics (2003) View citations (7)
    See also Journal Article in Annals of Economics and Finance (2014)

2002

41. A Fundamental Theory of Exchange Rates and Direct Currency Trades
    Working Papers, University of Toronto, Department of Economics 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)
42. Frictional Assignment, Part II: Infinite Horizon and Inequality
    Working Papers, University of Toronto, Department of Economics
    See also Journal Article in Review of Economic Dynamics (2005)
43. Nominal Bonds and Interest Rates: The Case of One-Period Bonds
    Working Papers, University of Toronto, Department of Economics View citations (2)
44. Signalling in the Internet Craze of Initial Public Offerings
    Working Papers, University of Toronto, Department of Economics
    See also Journal Article in Journal of Corporate Finance (2006)
45. The Extent of the Market and the Optimal Degree of Specialization
    Working Papers, University of Toronto, Department of Economics View citations (1)

2001

46. Liquidity, Bargaining, and Multiple Equilibria in a Search Monetary Model
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (17)
    See also Journal Article in Annals of Economics and Finance (2001)

2000

47. Screening, Bidding, and the Loan Market Tightness
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (15)
    Also in Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal (1999) View citations (5)
    Working Paper, Economics Department, Queen's University (1999) View citations (2)
    See also Journal Article in Review of Finance (2001)

1999

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

1998

51. Frictional Assignment
    Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal View citations (9)
    Also in Working Paper, Economics Department, Queen's University (1998) View citations (23)
52. Pricing with frictions
    Working Papers, Federal Reserve Bank of Philadelphia View citations (14)
53. 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)
54. Search, Inflation, And Capital Accumulation
    Working Paper, Economics Department, Queen's University View citations (1)
    See also Journal Article in Journal of Monetary Economics (1999)

1997

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

1996

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

1995

58. Credit And Money In A Search Model With Divisible Commodities
    Working Paper, Economics Department, Queen's University View citations (8)
    See also Journal Article in Review of Economic Studies (1996)
59. Money and Prices: A Model of Search and Bargaining
    Working Paper, Economics Department, Queen's University View citations (291)
    See also Journal Article in Journal of Economic Theory (1995)

1994

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

1989

61. 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

2023

1. Knowledge, Germs and Output
   Review of Economic Dynamics, 2023, 48, 297-319

2022

2. Wealth accumulation, on-the-job search and inequality
   Journal of Monetary Economics, 2022, 128, (C), 51-71 View citations (1)
   See also Working Paper (2017)

2018

3. Should Buyers or Sellers Organize Trade in a Frictional Market?*
   The Quarterly Journal of Economics, 2018, 133, (4), 2171-2214 View citations (10)

2017

4. EMISSION TAXES AND STANDARDS IN A GENERAL EQUILIBRIUM WITH PRODUCTIVITY DISPERSION AND ABATEMENT
   Macroeconomic Dynamics, 2017, 21, (8), 1857-1886 View citations (2)

2016

5. Burdett-Mortensen Model of On-the-Job Search with Two Sectors
   Review of Economic Dynamics, 2016, 19, 108-134 View citations (5)
   See also Software Item (2015)
6. Customer relationship and sales
   Journal of Economic Theory, 2016, 166, (C), 483-516 View citations (12)
   See also Working Paper (2013)

2015

7. Financial Frictions, Investment Delay, and Asset Market Interventions
   Journal of Money, Credit and Banking, 2015, 47, (S2), 155-196 View citations (1)
   See also Working Paper (2013)
8. Liquidity, assets and business cycles
   Journal of Monetary Economics, 2015, 70, (C), 116-132 View citations (53)
   See also Working Paper (2012)

2014

9. Liquidity, Interest Rates and Output
   Annals of Economics and Finance, 2014, 15, (1), 53-95 View citations (6)
   See also Working Paper (2003)

2013

10. A monetary theory with non-degenerate distributions
    Journal of Economic Theory, 2013, 148, (6), 2266-2312 View citations (30)
    See also Working Paper (2013)
11. Pricing and signaling with frictions
    Journal of Economic Theory, 2013, 148, (4), 1301-1332 View citations (48)
    See also Working Paper (2012)
12. VEHICLE CURRENCY
    International Economic Review, 2013, 54, (1), 97-133 View citations (23)
    See also Working Paper (2008)

2012

13. Liquidity, innovation and growth
    Journal of Monetary Economics, 2012, 59, (8), 721-737 View citations (24)
    See also Working Paper (2012)

2011

14. Efficient Search on the Job and the Business Cycle
    Journal of Political Economy, 2011, 119, (3), 468 - 510 View citations (225)
    See also Working Paper (2011)

2010

15. An Equilibrium Theory of Learning, Search, and Wages
    Econometrica, 2010, 78, (2), 509-537 View citations (48)
    See also Working Paper (2009)
16. Block recursive equilibria for stochastic models of search on the job
    Journal of Economic Theory, 2010, 145, (4), 1453-1494 View citations (156)
    See also Working Paper (2009)
17. CURRENCY AREAS AND MONETARY COORDINATION
    International Economic Review, 2010, 51, (3), 813-836 View citations (10)
    See also Working Paper (2006)
18. Directed Search on the Job, Heterogeneity, and Aggregate Fluctuations
    American Economic Review, 2010, 100, (2), 327-32 View citations (41)
    See also Working Paper (2010)

2009

19. Directed Search for Equilibrium Wage-Tenure Contracts
    Econometrica, 2009, 77, (2), 561-584 View citations (125)
    See also Working Paper (2008)

2008

20. Efficiency improvement from restricting the liquidity of nominal bonds
    Journal of Monetary Economics, 2008, 55, (6), 1025-1037 View citations (22)
    See also Working Paper (2008)

2007

21. Friedman Meets Hosios: Efficiency in Search Models of Money
    Economic Journal, 2007, 117, (516), 174-195 View citations (47)
    See also Working Paper (2004)

2006

22. DIRECTED SEARCH ON THE JOB AND THE WAGE LADDER
    International Economic Review, 2006, 47, (2), 651-699 View citations (57)
    See also Working Paper (2003)
23. Signaling in the Internet craze of initial public offerings
    Journal of Corporate Finance, 2006, 12, (4), 818-833 View citations (7)
    See also Working Paper (2002)
24. The variability of velocity of money in a search model
    Journal of Monetary Economics, 2006, 53, (3), 537-571 View citations (29)
    See also Working Paper (2006)
25. Viewpoint: A microfoundation of monetary economics
    Canadian Journal of Economics, 2006, 39, (3), 643-688 View citations (43)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2006, 39, (3), 643-688 (2006) View citations (40)
26. Wage differentials, discrimination and efficiency
    European Economic Review, 2006, 50, (4), 849-875 View citations (20)
    See also Working Paper (2006)

2005

27. Frictional Assignment, Part II: Infinite Horizon and Inequality
    Review of Economic Dynamics, 2005, 8, (1), 106-137 View citations (10)
    See also Working Paper (2002)
28. NOMINAL BONDS AND INTEREST RATES
    International Economic Review, 2005, 46, (2), 579-612 View citations (22)
29. The extent of the market and optimal specialization
    Economic Theory, 2005, 25, (2), 333-351 View citations (1)

2004

30. A MODEL OF BUREAUCRACY AND CORRUPTION
    International Economic Review, 2004, 45, (3), 873-908 View citations (9)
31. International Borrowing, Specialization, and Unemployment in a Small Open Economy
    Review of International Economics, 2004, 12, (1), 41-59 View citations (1)
32. Money, price dispersion and welfare
    Economic Theory, 2004, 24, (4), 907-932 View citations (15)
    See also Working Paper (2006)
    Chapter (2006)

2003

33. A fundamental theory of exchange rates and direct currency trades
    Journal of Monetary Economics, 2003, 50, (7), 1555-1591 View citations (46)
    See also Working Paper (2002)

2002

34. A Directed Search Model of Inequality with Heterogeneous Skills and Skill-Biased Technology
    Review of Economic Studies, 2002, 69, (2), 467-491 View citations (147)
35. Product Market and the Size-Wage Differential
    International Economic Review, 2002, 43, (1), 21-54 View citations (20)
    See also Working Paper (1998)

2001

36. Bargains, Barter and Money
    Review of Economic Dynamics, 2001, 4, (1), 188-209 View citations (7)
37. Frictional Assignment. I. Efficiency
    Journal of Economic Theory, 2001, 98, (2), 232-260 View citations (138)
38. Liquidity, Bargaining, and Multiple Equilibria in a Search Monetary Model
    Annals of Economics and Finance, 2001, 2, (2), 325-351 View citations (18)
    See also Working Paper (2001)
39. Pricing and Matching with Frictions
    Journal of Political Economy, 2001, 109, (5), 1060-1085 View citations (422)
40. Screening, Bidding, and the Loan Market Tightness*
    Review of Finance, 2001, 5, (1-2), 21-61 View citations (22)
    See also Working Paper (2000)

2000

41. Coordination, matching, and wages
    Canadian Journal of Economics, 2000, 33, (4), 1009-1033 View citations (18)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2000, 33, (4), 1009-1033 (2000) View citations (18)
42. The Research Agenda: Search Theory beyond the Matching Function
    EconomicDynamics Newsletter, 2000, 1, (2)

1999

43. Fashion and wealth accumulation
    Economic Theory, 1999, 14, (2), 439-461 View citations (14)
44. Innovation, Growth, and Welfare-Improving Cycles
    Journal of Economic Theory, 1999, 85, (2), 226-257 View citations (17)
45. Labor market search and the dynamic effects of taxes and subsidies
    Journal of Monetary Economics, 1999, 43, (2), 457-495 View citations (65)
46. Money, capital, and redistributive effects of monetary policies
    Journal of Economic Dynamics and Control, 1999, 23, (4), 565-590 View citations (13)
47. Search, inflation and capital accumulation
    Journal of Monetary Economics, 1999, 44, (1), 81-103 View citations (57)
    See also Working Paper (1998)

1998

48. Bargaining with Surplus Destruction
    Canadian Journal of Economics, 1998, 31, (4), 915-932 View citations (17)
49. Search for a Monetary Propagation Mechanism
    Journal of Economic Theory, 1998, 81, (2), 314-352 View citations (74)
    See also Working Paper (1997)
50. Stochastic Relation Between Money and Capital in an Economy with Spatially Separated Markets
    Review of Economic Dynamics, 1998, 1, (4), 754-780

1997

51. A Divisible Search Model of Fiat Money
    Econometrica, 1997, 65, (1), 75-102 View citations (260)
    See also Working Paper (1996)
52. Labor market search and capital accumulation: Some analytical results
    Journal of Economic Dynamics and Control, 1997, 21, (10), 1747-1776 View citations (34)
53. Money and specialization
    Economic Theory, 1997, 10, (1), 99-133 View citations (7)

1996

54. Asymmetric Information, Credit Rationing, and Economic Growth
    Canadian Journal of Economics, 1996, 29, (3), 665-87 View citations (5)
55. Credit and Money in a Search Model with Divisible Commodities
    Review of Economic Studies, 1996, 63, (4), 627-652 View citations (56)
    See also Working Paper (1995)

1995

56. Money and Prices: A Model of Search and Bargaining
    Journal of Economic Theory, 1995, 67, (2), 467-496 View citations (280)
    See also Working Paper (1995)

1994

57. Weakly Nonseparable Preferences and Distortionary Taxes in a Small Open Economy
    International Economic Review, 1994, 35, (2), 411-28 View citations (12)

1993

58. Habits and Time Preference
    International Economic Review, 1993, 34, (1), 61-84 View citations (53)

1991

59. Capital accumulation and the current account in a two-country model
    Journal of International Economics, 1991, 30, (1-2), 1-25 View citations (48)
    See also Working Paper (1989)

1988

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

Chapters

2012

1. Liquidity Shocks and Asset Prices in the Business Cycle
   Palgrave Macmillan View citations (2)

2006

2. Money, price dispersion and welfare
   Springer
   See also Journal Article in Economic Theory (2004)
   Working Paper (2006)

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
   See also Journal Article in Review of Economic Dynamics (2016)