YiLi Chien

Standard Vita

Expanded Vita



Ph.D. Economics
University of California, Los Angeles

C.Phil Economics
University of California, Los Angeles

M.A. Economics
National Taiwan University (NTU), Taipei, Taiwan

B.A. Economics
National TsingHua University (NTHU), HsinChu, Taiwan

Contact Info

Phone: (314) 444-4617
Fax: (314) 444-8731

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries contact:
Laura Girresch
Office: (314) 444-6166
Cell: (314) 348-3639

YiLi Chien

Senior Economist

Published Articles

"The Risk Premium and Long-Run Global Imbalances"
with Kanda Naknoi
FORTHCOMING: Journal of Monetary Economics.

"Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy"
with Harold L. Cole and Hanno Lustig
FORTHCOMING: Review of Economic Dynamics.

"Understanding the Distributional Impact of Long-Run Inflation"
with Gabriele Camera
Journal of Money, Credit, and Banking, September 2014, 46(6), pp. 1137-1170.

"A Note on Excessive Perks to Restrain the Hidden Saving Problem"
with Joon Song
Macroeconomic Dynamics, March 2014, 18(2), pp. 480-496.

"Is the Volatility of the Market Price of Risk due to Intermittent Portfolio Re-balancing?"
with Harold Cole and Hanno Lustig
American Economic Review. Oct 2012, Vol. 102, No. 6: Pages 2859-2896.

Program Code


"A Multiplier Approach to Understanding the Macro Implications of Household Finance"
with Harold Cole and Hanno Lustig
Review of Economic Studies, 2011.

Program Code

"The Market Price of Aggregate Risk and the Wealth Distribution"
with Hanno Lustig
Review of Financial Studies, 2010.

Review Articles

"The Welfare Cost of Business Cycles with Heterogeneous Trading Technologies"
Federal Reserve Bank of St. Louis Review, First Quarter 2015, 97(1), pp. 67-86.

Working Papers

"Two Monetary Models with Alternating Markets"
with Gabriele Camera
Working Paper 2013-009E, posted February 2013, updated February 2014.

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