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Publications of Shouyong Shi

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Forthcoming

2013

  • Alain Delacroix and Shouyong Shi, "Pricing and Signaling with Frictions", Journal of Economic Theory 148 (2013), 1301–1332.
  • Michael B. Devereux and Shouyong Shi, "Vehicle Currency", International Economic Review 54 (2013), 97–133.

2012

  • Aleksander Berentsen, Mariana Rojas Breu, Shouyong Shi, "Liquidity, Innovation and Growth", Journal of Monetary Economics 59 (2012), 721–737.

2011

  • Guido Menzio and Shouyong Shi, "Efficient Search on the Job and the Business Cycle", Journal of Political Economy 119 (2011), 468–510.

2010

  • Francisco M. Gonzalez and Shouyong Shi, "An Equilibrium Theory of Learning, Search and Wages", Econometrica 78 (2010), 509–537.
  • Qing Liu and Shouyong Shi, "Currency Areas and Monetary Coordination", International Economic Review 51 (3) (2010), 813–836.
  • Guido Menzio and Shouyong Shi, "Block Recursive Equilibria for Stochastic Models of Search on the Job", Journal of Economic Theory 145 (4) (2010), 1453–1494.
  • Guido Menzio and Shouyong Shi, "Directed Search on the Job, Heterogeneity, and Aggregate Fluctuations", American Economic Review, Papers and Proceedings 100 (2010), 327–332.

2009

2008

2007

  • Aleksander Berentsen, Guillaume Rocheteau, Shouyong Shi, "Friedman meets Hosios: efficiency in search models of money", Economic Journal 117 (2007), 174–195.

2006

  • Melanie Cao and Shouyong Shi, "Signaling in the Internet craze of initial public offerings", Journal of Corporate Finance 12 (2006), 818–833.
  • Alain Delacroix and Shouyong Shi, "Directed search on the job and the wage ladder", International Economic Review 47 (2006), 651–699.
  • Shouyong Shi, "VIEWPOINT: A microfoundation of monetary economics", Canadian Journal of Economics 39 (2006), 643–688.
  • Shouyong Shi, "Wage differentials, discrimination and efficiency", European Economic Review 50 (2006), 849–875.
  • Weimin Wang and Shouyong Shi, "The variability of velocity of money in a search model", Journal of Monetary Economics 53 (2006), 537–571.

2005

  • Shouyong Shi, "Frictional Assignment, Part II: Infinite Horizon and Inequality", Review of Economic Dynamics 8 (2005), 106–137.
  • Shouyong Shi, "Nominal Bonds and Interest Rates", International Economic Review 45 (2005), 579–612.
  • Shouyong Shi, "The Extent of the Market and Optimal Specialization", Economic Theory 25 (2005), 333–351.

2004

  • Patrick N. Osakwe and Shouyong Shi, "International Borrowing, Specialization, and Unemployment in a Small Open Economy", Review of International Economics 12 (2004), 41–59.
  • Brian Peterson and Shouyong Shi, "Money, Price Dispersion and Welfare", Economic Theory 24 (2004), 904–932.
  • Shouyong Shi and Ted Temzelides, "A Model of Bureaucracy and Corruption", International Economic Review 45 (2004), 873–908.

2003

  • Allen Head and Shouyong Shi, "A Fundamental Theory of Exchange Rates and Direct Currency Trades", Journal of Monetary Economics 50 (2003), 1555–1591.

2002

  • Shouyong Shi, "A Directed Search Model of Inequality with Heterogeneous Skills and Skill-Biased Technology", Review of Economic Studies 69 (2002), 467–491.
  • Shouyong Shi, "Product Market and the Size-Wage Differential", International Economic Review 43 (2002), 21–54.

2001

  • Kenneth Burdett, Shouyong Shi, Randall Wright, "Pricing and Matching with Frictions", Journal of Political Economy 109 (2001), 1060–1085.
  • Melanie Cao and Shouyong Shi, "Screening, Bidding, and the Loan Market Tightness", European Finance Review 5 (2001), 21–61.
  • Merwan Engineer and Shouyong Shi, "Bargains, Barter, and Money", Review of Economic Dynamics 4 (2001), 188–209.
  • Shouyong Shi, "Frictional Assignment. I. Efficiency", Journal of Economic Theory 98 (2001), 232–260.
  • Shouyong Shi, "Liquidity, Bargaining, and Multiple Equilibria in a Search Monetary Model", Annals of Economics and Finance 2 (2001), 325–351.
  • Shouyong Shi, "Tariffs, Unemployment, and the Current Account: An Intertemporal Equilibrium Model", in Money, Factor Mobility and Trade: Essays in Honor of Robert A. Mundell (edited by Guillermo Calvo, Rudiger Dornbusch and Maurice Obstfeld), MIT Press, Cambridge, 2001, 467–504.

2000

  • Melanie Cao and Shouyong Shi, "Coordination, Matching, and Wages", Canadian Journal of Economics 33 (2000), 1009–1033.

1999

  • Patrick Francois and Shouyong Shi, "Innovation, Imitation, and Welfare-Improving Cycles", Journal of Economic Theory 85 (1999), 226–257.
  • Shouyong Shi, "Fashion and Wealth Accumulation", Economic Theory 14 (1999), 439–461.
  • Shouyong Shi, "Money, Capital, and Redistributive Effects of Monetary Policies", Journal of Economic Dynamics and Control 23 (1999), 565–590.
  • Shouyong Shi, "Search, Inflation, and Capital Accumulation", Journal of Monetary Economics 44 (1999), 81–103.
  • Shouyong Shi and Quan Wen, "Labor Market Search and the Dynamic Effects of Taxes and Subsidies", Journal of Monetary Economics 43 (1999), 457–495.

1998

  • Lutz-Alexander Busch, Shouyong Shi, Quan Wen, "Bargaining with Surplus Destruction", Canadian Journal of Economics 31 (1998), 915–932.
  • Merwan Engineer and Shouyong Shi, "Asymmetry, Imperfectly Transferable Utility, and Fiat Money in Improving the Terms of Trade", Journal of Monetary Economics 41 (1998), 153–183.
  • Shouyong Shi, "Search for a Monetary Propagation Mechanism", Journal of Economic Theory 81 (1998), 314–352.
  • Shouyong Shi, "Stochastic Relation between Money and Capital in an Economy with Spatially Separated Markets", Review of Economic Dynamics 1 (1998), 754–780.

1997

  • Shouyong Shi, "A Divisible Search Model of Fiat Money", Econometrica 65 (1997), 75–102.
  • Shouyong Shi, "Money and Specialization", Economic Theory 10 (1997), 99–113.
  • Shouyong Shi and Quan Wen, "Labor Market Search and Capital Accumulation: Some Analytical Results", Journal of Economic Dynamics and Control 21 (1997), 1747–1776.

1996

  • Shouyong Shi, "Asymmetric Information, Credit Rationing, and Economic Growth", Canadian Journal of Economics 29 (1996), 665–687.
  • Shouyong Shi, "Credit and Money in a Search Model with Divisible Commodities", Review of Economic Studies 63 (1996), 627–652.

1995

  • Shouyong Shi, "Money and Prices: A Model of Search and Bargaining", Journal of Economic Theory 67 (1995), 467–496.

1994

  • Shouyong Shi, "Weakly Nonseparable Preferences and Distortionary Taxes in a Small Open Economy", International Economic Review 35 (1994), 411–428.

1993

  • Larry Epstein and Shouyong Shi, "Habits and Time Preference", International Economic Review 34 (1993), 61–84.

1991

  • Michael B. Devereux and Shouyong Shi, "Capital Accumulation and the Current Account in a Two-Country Model", Journal of International Economics 30 (1991), 1–25.

1988

  • Shouyong Shi, "Rational Expectation Equilibrium under Quasilinear Preferences: A Diagrammatic Approach", Economics Letters 26 (1988), 107–110.
  • Shouyong Shi, "Rothschild-Stiglitz Competitive Insurance Market under Quasilinear Preferences", Economics Letters 27 (1988), 27–30.