Bin Grace Li is an economist at the the Research Department of the International Monetary Fund since 2011. Her research interests include applied macroeconomics, finance, and international finance. Previously, she worked on the United States and Canada desks of the IMF covering the monetary and external sectors for both economies. Ms. Li holds MA and PhD. degrees from the University of Chicago.
Fluent In: Chinese.
Ph.D., University of Chicago.
M.A., University of Chicago.
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
Economist, Development Macroeconomics Division, Research Department.
Work in progress:
“Current Account Norms for Resource Rich and Capital Scarce Countries”, (joint with Araujo, Poplawski-Ribeiro, Zanna), revise and resubmit at "Journal of Development Economics".
“Innovation, Deregulation, and the Life Cycle of a Financial Service Industry” (joint with Fumiko Hayashi and Zhu Wang), revise and resubmit at "Review of Economic Dynamics".
“Creditless Recoveries”, (with Abdul Abiad and Giovanni Dell’Ariccia), revise and resubmit at "Journal of International Economics".
“From Natural Resource Boom to Sustainable Economic Growth: Lessons for Mongolia” (joint with Panav Gupta and Jiangyan Yu), under journal review.
“VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries” (joint with Stephen O’Connell, Christopher Adam, Andrew Berg, and Peter Montiel), ongoing.
“Capital Inflows and Credit in Developing Countries” (joint with Filippo Gori and Andrea Presbitero), ongoing.
IMF Books and Working Papers:
Innovation, Deregulation, and the Life Cycle of a Financial Service Industry, Working Paper No. 15/192, August 18, 2015
From Natural Resource Boom to Sustainable Economic Growth : Lessons for Mongolia, Working Paper No. 15/90, April 30, 2015
Current Account Norms in Natural Resource Rich and Capital Scarce Economies, Working Paper No. 13/80, March 27, 2013
Creditless Recoveries, Working Paper No. 11/58, March 01, 2011
IMF Country Reports
Mongolia - Article IV Consultation, Staff Report, 2015
United States: Spillover Report - 2011 (U.S. Fiscal Spillovers: Global Financing Conditions)
United States - Article IV, Staff Report 2011 (monetary policy and household financing)
United States - Article IV, Selected Issues, 2011 (Household Deleveraging and the Recovery)
Canada - Article IV, Staff Report 2010 (monetary policy and external sector)
Canada - Article IV, Selected Issues, 2010 (The Bumpy Road Ahead for North American Automakers)
United States - Article IV, Staff Report 2010 (monetary policy)
Niger - Article IV, Selected Issues Paper, 2015 "Natural Resource Boom for Niger: From Public Investment to Sustainable Economic Growth"
Islamic Republic of Mauritania - Article IV, Selected Issues Paper, 2015 "Public Investment, Natural Resource and Debt Sustainability"
United States - Article IV, Selected Issues Paper, 2011 "Household Deleveraging and the Recovery"
Canada - Article IV, Selected Issues Paper, 2010 "The Bumpy Road Ahead for North American Automakers"
Other Published Materials
Macroeconomic Policy Frameworks for Resource-Rich Developing Countries - Background Paper 1
Macroeconomic Policy Frameworks for Resource-Rich Developing Countries
Macroeconomic Policy Frameworks for Resource-Rich Developing Countries--Analytic Frameworks and Applications
Book Chapter in "Financial Crises: Causes, Consequences, and Policy Responses" Chapter 10 (book was edited by Stijn Claessens, M. Ayhan Kose, Luc Laeven and Fabian Valencia)
Publications in Books and Conference Volumes
"The ESRB at 1," SUERF Studies, SUERF - The European Money and Finance Forum, number 2012/4 edited by Stefan Gerlach & Ernest Gnan & Jens Ulbrich, June, 2012.