YiLi Chien

Research Interests

macroeconomics, public finance, international finance, household finance

Selected Work

“The Ramsey Steady-State Conundrum in Heterogeneous-Agent Economies”
with Yi Wen
FORTHCOMING: Journal of Economic Theory
Related working paper (PDF)

Optimal Fiscal Policy under Capital Overaccumulation
with Yi Wen
Macroeconomic Dynamics, Sep 2023, Vol. 27, No. 6, pp. 1706-1736
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“Optimal Dynamic Tax-Transfer Policies in Heterogeneous-Agents Economies”
with Yi Wen
Federal Reserve Bank of St. Louis Working Paper 2023-009A, May 2023
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Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences
with Yi Wen
Review of Economic Dynamics, Oct 2022, Vol. 46, pp. 124-160
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The Determination of Public Debt under both Aggregate and Idiosyncratic Uncertainty
with Yi Wen
Journal of Economic Theory, July 2022, Vol. 203, 105474
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Time-Inconsistent Optimal Quantity of Debt” 
with Yi Wen
European Economic Review, Nov 2021, Vol. 140, 103913, pp. 103913
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Are Unconditional Lump-sum Transfers a Good Idea?
with Yunmin Chen, Yi Wen, and C.C. Yang
Economics Letters, December 2021, Vol. 209, 110088, pp. NA
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“Implications Of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in An Endowment Economy”
with Harold L. Cole and Hanno Lustig
Review of Economic Dynamics, April 2016, Vol. 20, pp. 215-239
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“The Risk Premium and Long-run Global Imbalances”
with Kanda Naknoi
Journal of Monetary Economics, November 2015, Vol. 76, pp. 299-315
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Understanding The Distributional Impact of Long-Run Inflation
with Gabriele Camera
Journal of Money, Credit, and Banking, September 2014, Vol. 46, No. 6, pp. 1137-1170
Related working paper (PDF)

Is the Volatility of the Market Price of Risk Due to Intermittent Portfolio Rebalancing?
with Harold L. Cole and Hanno Lustig
American Economic Review, Oct 2012, Vol. 102, No. 6, pp. 2859-2896
Appendix file (PDF)

A Multiplier Approach to Understanding the Macro Implications of Household Finance” 
with Harold L. Cole and Hanno Lustig
Review of Economic Studies, January 2011, Vol. 78, No. 1, pp. 199-234
Program code file (zip)

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