Photo of Yi Li

Yi Li

Education

  • Ph.D., Economics, Princeton University, 2014
  • B.A., Economics, Peking University, 2007
  • B.S., Mathematics, Peking University, 2007
Current Research Topics
  • Institutional Investor Behaviors
  • Lending Relationships
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2019 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2016 - 2019
  • Economist

    Board of Governors of the Federal Reserve System

    2013 - 2016
  • Jiang, Hao, Yi Li, Zheng Sun, and Ashley Wang (forthcoming). "Does Mutual Fund Illiquidity Introduce Fragility into Asset Prices? Evidence from the Corporate Bond Market," Journal of Financial Economics.
  • Li, Yi (forthcoming). "Reciprocal Lending Relationships in Shadow Banking," Journal of Financial Economics.
  • Cai, Fang, Song Han, Dan Li, and Yi Li (2019). "Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market," Journal of Financial Economics, vol. 131, no. 1, pp. 139-167.
  • Cai, Fang, Song Han, Dan Li, and Yi Li (2016). "Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market," Finance and Economics Discussion Series 2016-091. Board of Governors of the Federal Reserve System (U.S.).
  • Li, Yi (2014). "Essays on Institutional Investors," Ph.D. dissertation, Princeton University.
  • seminar

    2019

    Tsinghua University; Peking University

    Reciprocal Lending Relationships in Shadow Banking

  • conference

    2019

    Federal Reserve System Day-Ahead Conference at Atlanta

    Reciprocal Lending Relationships in Shadow Banking

  • seminar

    2018

    Shanghai Jiao Tong University; Shanghai Advanced Institute of Finance (SAIF); The Johns Hopkins Carey Business School

    Reciprocal Lending Relationships in Shadow Banking

  • conference

    2018

    BAFFI CAREFIN Banking Conference at Bocconi; Federal Reserve System Banking Conference; OFR-FRBC Financial Stability Conference

    Reciprocal Lending Relationships in Shadow Banking

  • conference

    2018

    Columbia/TCH Conference on Optimal Bank Liquidity Regulation; MFA; Northeastern University Finance Conference; SFS Cavalcade at Yale University

    Reciprocal Lending Relationships in Shadow Banking

  • conference

    2017

    AFA at Chicago; Federal Reserve System Day-Ahead Conference at Chicago

    Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market

  • seminar

    2017

    Securities and Exchange Commission (SEC)

    Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market

  • conference

    2016

    6th Risk Management Conference at Mont Tremblant; the 2016 Financial market Liquidity Conference; MFA at Atlanta

    Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market

  • seminar

    2016

    Johns Hopkins University; the Financial Stability Board (FSB); the Office of Financial Research (OFR)

    Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market

  • seminar

    2015

    Tsinghua University; Federal Reserve Board

    Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market

  • conference

    2014

    China International Conference in Finance (CICF)

    Reputation, Volatility and Performance Persistence of Private Equity

  • seminar

    2013

    Chinese University of Hong Kong; City University of Hong Kong; Federal Reserve Board; Nanyang Technological University; University of Warwick

    Reputation, Volatility and Performance Persistence of Private Equity

Conference Organization
  • April 30, 2021 | Virtual

    the 4th Fed-Maryland Short-Term Funding Markets Conference

    Co-organizer

  • September 25, 2020 | Virtual

    the 3rd Fed-Maryland Short-Term Funding Markets Conference

    Co-organizer

  • March 29, 2019 | Washington, DC

    the 2nd Fed-Maryland-Delaware Short-Term Funding Markets Conference

    Co-organizer

Last update: February 8, 2021