WENHAO LI

About

I am an Assistant Professor of Finance and Business Economics at USC Marshall School of Business. My research is at the intersection of macroeconomics and finance, aiming to answer broad, policy-relevant questions: How is U.S. government debt priced, and how does debt supply affect the financial sector and the real economy? What are the mechanisms of financial crises, and what roles do government and central bank interventions play? My research has been published at top Econ and Finance journals, including Journal of Political Economy, Review of Economic Studies, Review of Financial Studies, Journal of Financial Economics, American Economic Journal: Macroeconomics.

Work

University of Southern California

US

Education

Stanford University

United States of America
PhD

Publications

Term Structure of Liquidity Premium

University of Southern California

working-paper

Inflation and Treasury Convenience

NBER

working-paper

Granular Treasury Demand with Arbitrageurs

NBER

working-paper

The Passthrough of Treasury Supply to Bank Deposit Funding

Journal of Financial Economics (Forthcoming)

journal-article

Public Liquidity and Financial Crises

American Economic Journal: Macroeconomics

journal-article

Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment

Journal of Political Economy

journal-article

Firm Quality Dynamics and the Slippery Slope of Credit Intervention

Review of Economic Studies (Forthcoming)

journal-article

Deep Learning for Solving and Estimating Dynamic Macro-finance Models

Computational Economics

journal-article

Intermediary balance sheets and the treasury yield curve

Journal of Financial Economics

journal-article

The Demand for Money, Near-Money, and Treasury Bonds

The Review of Financial Studies

journal-article