Bin Grace Li
Last Updated: May 14, 2019
Bin Grace Li is a senior economist at the the Fiscal Affairs Department of the International Monetary Fund. Her research interests include macro-finance, international finance, and development economics. She has worked on various countries at the IMF, including the United States, China, Canada, and Australia as desk economist, covering monetary, fiscal, housing, external sectors for those economies. She has published in top peer-reviewed international journals on banking, development, commodity, and fiscal policy. Ms. Li holds MA and PhD. degrees from the University of Chicago.
Email: BLI2@imf.org
Personal WebPage: https://sites.google.com/site/graceliecon/
Fluent In: Chinese.
Education:
Ph.D., University of Chicago.
M.A., University of Chicago.
Professional Activities:
“Current Account Norms for Resource Rich and Capital Scarce Countries”, (joint with Araujo, Poplawski-Ribeiro, Zanna), "Journal of Development Economics", Volume 120, May 2016, Pages 144–156.
“Innovation, Deregulation, and the Life Cycle of a Financial Service Industry” (joint with Fumiko Hayashi and Zhu Wang), "Review of Economic Dynamics", Vol 26, October 2017, Pages 180-203.
“From Natural Resource Boom to Sustainable Economic Growth: Lessons for Mongolia” (joint with Panav Gupta and Jiangyan Yu), "International Economics", Volume 151, October 2017, Pages 7-25.
“VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries” (joint with Stephen O’Connell, Christopher Adam, Andrew Berg, and Peter Montiel), "Journal of African Economies", April 2019, Pages 1-24 (lead article).
"Two-Sided Market, R&D and Payments System Evolution", joint with James McAndrews and Zhu Wang (IMF working paper 19/57), "Journal of Monetary Economics", conditional acceptance with minor revision.
“Creditless Recoveries”, (with Abdul Abiad and Giovanni Dell’Ariccia), revise and resubmit at "Journal of International Economics" .
“Investing in Public Infrastructure: Roads or Schools?” joint with Manoj Atolia, Ricardo Marto, and Giovanni Melina, revise and resubmit at "Macroeconomic Dynamics"
"Macroeconomic Dimensions of Public-Private Partnerships", joint with Edward F. Buffie, Michele Andreolli, and Luis-Felipe Zanna, under journal review.
“The Macroeconomic and (Distributional) Effects of Public Investment in Developing Economies”, joint with Davide Furceri (IMF working paper 17/217), under journal review.
Awards and Honors:
Departmental Award for work on “Public Investment Growth” in April 2015.
Spot Award on “Exceptional Work on the Flagship Seminar on Growth” in October 2014.
Departmental award for “Macroeconomic Policy Frameworks for Resource-Rich Developing Countries” in April 2013.
Spot Award for “Exceptional Work on Current Account Norms in Natural Resource Rich Countries” in March 2013.
Federal Reserve Board Dissertation Fellowship, Washington, DC, 2008
NBER Ph.D. Research Travel Grants, National Bureau of Economic Research, Cambridge, MA, 2004/2005
University of Chicago Fellowship, and Sprinkel Dissertation Grant, various years and awards.
Lee Prize for the best performance in Macroeconomics core, University of Chicago, 2002
Second Prize in China’s Olympic Mathematics Contest, China’s Mathematics Academy, 1996
Current Position:
Economist, Development Macroeconomics Division, Research Department.
Work in progress:
"The State and China's Productivity Deceleration: Firm-level Evidence", joint with Jorge Alvarez and Tuo Wang (Tsinghua University), forthcoming IMF Working Paper.
"Trade, Growth and Inequality: Evidence from China", joint with Prakash Loungani and Jonathan D. Ostry, forthcoming IMF Working Paper.
"The Debt of Local Government Financing Vehicles: New Findings Using Firm-level Analysis", joint with Rui Mano, forthcoming IMF Working paper.
"Household Consumption and Segmented Financial Markets in China" joint with Tao Wang (Johns Hopkins University), ongoing.
“Fiscal Decentralization, Local Government Competition, and Land Misallocation", joint with Xiaodong Zhu (University of Toronto), ongoing.