Contact Information:
Department of Economics
Villanova University
Villanova, PA 19085
Fax: 610-519-6054
Email: victor.li@villanova.edu
Professor of Economics
Emeritus
Contact Information:
Department of Economics
Villanova University
Villanova, PA 19085
Fax: 610-519-6054
Email: victor.li@villanova.edu
EDUCATION:
Ph.D., Economics, Northwestern University, 1992
(Thesis Advisor - Professor Dale T. Mortensen, 2010 Nobel Laureate)
M.A., Economics, Northwestern University, 1988
B.S., Mathematics, Delaware State University, 1986
PROFESSIONAL EXPERIENCE:
Professor of Economics, Villanova University
Associate and Assistant Professor of Economics, Villanova University
Visiting Associate Professor of Economics, Princeton University
Visiting Assistant Professor of Economics and Public Affiars, Princeton University
Assistant Professor of Economics, Unites States Naval Academy
Senior Economist, Federal Reserve Bank of Atlanta
Assistant Professor of Economics, Pennsylvania State University (Main Campus)
RESEARCH & TEACHING:
Specialization: Macroeconomics, Monetary Theory and Policy.
Some of my papers are published in the Journal of Monetary Economics, International Economic Review, Journal of Economic Dynamics and Control, and the Journal of Money, Credit, and Banking. I regularly contribute articles and interviews to news and media outlets, such as CNBC.com, The Wall Street Journal, The Washington Post, The Philadelphia Inquirer, U.S. News and World Reports, Bloomberg TV, ABC News, and Reuters. Courses Taught: Intermediate Macroeconomic Theory, Dynamic Macroeconomic Theory, Money and Banking, Senior Seminar on Business Cycles, Introduction to Macroeconomics, and Graduate (MA/PhD) Macroeconomics. I have been on the economics faculty at Villanova, Penn State, and the US Naval Academy, as well as a visiting professor at Princeton, senior economist at the Federal Reserve Bank of Atlanta, and visiting scholar at the Federal Reserve Bank of St. Louis. I received my Ph.D. in economics from Northwestern University.SELECTED PUBLICATIONS:
"Search, Financial Market Frictions, and Monetary Policy." Journal of Money, Credit, and Banking 50, 8 (December 2018), 1935-1968.
"Credit Mismatch and Breakdown," with Zsolt Besci and Ping Wang. European Economic Review 59 (April 2013), 109-125.
"Decentralized Exchange and Factor Payments: A Multiple Matching Approach," with Derek Laing and Ping Wang. Macroeconomic Dynamics, 17 (January 2013), 54 88.
"Inside Money, Credit and Investment." with Scott Dressler. Journal of Economic Dynamics and Control 33 (April 2009), 970-984
"Inflation and Productive Activity in a Multiple Matching Model of Money" with Derek Laing and Ping Wang. Journal of Monetary Economics (October 2007), 1949-1961.
"Heterogeneous Borrowers, Liquidity, and the Search for Credit" with Zsolt Besci and Ping Wang. Journal of Economic Dynamics and Control 29 (August 2005), 1287‑1470.
"The Cyclical Behavior of Household and Business Investment in a Cash-in-Advance Economy" with Chia-Ying Chang. Journal of Economic Dynamics and Control 28 (January 2004), 691-706.
"Household Credit and the Monetary Transmission Mechanism." Journal of Money, Credit, and Banking (August 2000), 335-356.
"The Efficiency of Monetary Exchange in Search Equilibrium." Journal of Money, Credit, and Banking (February 1997), 61-72.
"The Optimal Taxation of Fiat Money in Search Equilibrium." International Economic Review (November, 1995), 927-942.
"Inventory Accumulation in a Search-Based Monetary Economy." Journal of Monetary Economics (December 1994), 511-536.
FEDERAL RESERVE PUBLICATIONS:
"Is Why We Use Money Important?" Econimic Review, Federal Reserve Bank of Atlanta (First Quarter 2001).
"Can Market-Clearing Models Explain U.S. Labor market Fluctuations." Economic Review, Federal Reserve Bank of St. Louis (July/Aug 1999), 35-49.