Economists and Research Contacts

Quick Links

Economic Advisor and Economist
Phone: (215) 574-3985
Fax: (215) 574-4303
E-mail: wenli.li@phil.frb.org
Curriculum vitae (PDF)

"The Homeownership Experience of Households in Bankruptcy," with Sarah W. Carroll, Working Paper 08-14, August 2008.
"The Anatomy of U.S. Personal Bankruptcy Under Chapter 13," with Hülya Eraslan and Pierre-Daniel Sarte, Working Paper 07-31, September 2007.

"The Life-Cycle Effects of House Price Changes," with Rui Yao, Journal of Money, Credit, and Banking (September 2007), pp. 1375-1409.
"Fresh Start or Head Start? The Effect of Filing for Personal Bankruptcy on the Labor Supply," with Song Han, Journal of Financial Services Research (June 2007), pp. 132-52.
"U.S. Consumer Bankruptcy Choice: The Importance of General Equilibrium Effects," with Pierre-Daniel Sarte, Journal of Monetary Economics (April 2006), pp. 613-31.
"Progressive Taxation and Long-run Growth," with Pierre-Daniel Sarte, American Economic Review (December 2004), pp. 1705-1716.
"Credit Market Frictions and Their Direct Effects on U.S. Manufacturing Fluctuations," with Pierre-Daniel Sarte, Journal of Economic Dynamics and Control (December 2003), pp. 419-43.
"Firm Specific Learning and the Investment Behavior of Large and Small Firms," with John Weinberg, International Economic Review (May 2003), pp. 599-625.
"On the Differential Impact of the Asian Crisis on the World Economy: A General Equilibrium Perspective," with Xinshen Diao and Erinc Yeldan, Pacific Economic Review (October 2002), pp. 519-43.
"Entrepreneurship and Government Subsidies: A General Equilibrium Analysis," Journal of Economic Dynamics and Control (September 2002), pp. 1815-44.
"Dynamics Employment and Hours Effects of Government Spending Shocks," with Mingwei Yuan, Journal of Economic Dynamics and Control (July 2000), pp. 1233-63.

"To Forgive or Not to Forgive: An Analysis of U.S. Consumer Bankruptcy Choices," Federal Reserve Bank of Richmond Economic Quarterly (Spring 2001), pp. 1-22.
"How the Asian Crisis Affected the World Economy: A General Equilibrium Perspective," with Xinshen Diao and Erinc Yeldan, Federal Reserve Bank of Richmond Economic Quarterly (Spring 2000), pp. 35-59.
"Government Loan, Guarantee and Grant Programs: An Evaluation," Federal Reserve Bank of Richmond Economic Quarterly (Fall 1998), pp. 25-51.