• Li Zhiguo

    Associate Profe

    Applied Economi

    Add: Guoshun Road Siyuan Building Room 313, Siyuan Building

    Tel: 25011112(TEL)

    E-mail: lizg@fudan.edu.cn

    Research Field: Econometric Models and Quantitative Methods, Chinese Economic Transition and Monetary Economics, Behavioral Game theory and Organizational Economics

    Website:

    Teacher information
    Achievements in scientific research
    Academic activities and community service

    Case

    Zhiguo Li,Jieyou Zhang,Mengyuan ShenBestore: brand breakthrough after Omni channel layout, , 2020

    Zhiguo Li,Jieyou Zhang,Mengyuan ShenCHACHA Food: From sunflower seed champion to new nut brand, , 2020

    Zhiguo Li,Baichun Xiao,Jieyou ZhangMU Noodles, , 2019

    Zhiguo Li,Jieyou ZhangThree Squirrels Bring New Nuts, , 2018


    Journal Papers


    1.Zhiguo Li and Xiaorong Zhang2014Evaluating the effectiveness and efficiency of the four-trillion yuan stimulus package: Evidence from stock market returns of Chinese listed A sharesGlobal Economic Review: Perspectives on East Asian Economies and Industries 43(4) 381-407.  



    2.LI Zhiguo2008Money Demand Elasticity, Effective Money Supply and Money Market Disequilibrium: China's Puzzle and Long-term Excessive LiquidityFrontiers of Economics in China Vol.3(2) 209-222.  



    3.Tianming Ge, Zhiguo Li, and Jiangang Xu2019An analysis on the counter-cyclical factorStudies of International Finance (5) 65-75(in Chinese) 



    4.Huaqing Wang, Liangsong Li, Zhiguo Li, Qisong Hou, and Qi Zhu2019An investigative report on the development and regulation of P2P businesses in ChinaTSINGHUA Financial Review (2) 101-106(in Chinese) 



    5.Kun Yu, Zhiguo Li, Xiaorong Zhang, and Jiangang Xu2014Investment efficiency puzzle: Financial constraint hypothesis and monetary policy shockEconomic Research Journal (5) 106-120(in Chinese) 



    6.Zhiguo Li, Jun Ma, and Yan Zhang2014Economic policy on PM2.5 emission reduction in ShanghaiScientific Development (4) 77-87(in Chinese) 



    7.Jun Ma, Xiaorong Zhang, and Zhiguo Li2013The research results of government balance sheets and its applicationScientific Development (12) 9-18(in Chinese) 



    8.Qianji Lu, Qingjie Lu, and Zhiguo Li2013Bank credits, foreign exchange reserves and real exchange rates - theoretical and empirical study based on China’s realityJournal of Financial Research (11) 32-45(in Chinese) 



    9.Qianji Lu and Zhiguo Li2013The decomposition of RMB real effective exchange rate and the revisions of Marshall-Lerner conditionJournal of Quantitative & Technical Economics (4) 3-18(in Chinese) 



    10.Ma, Jun, Xiaorong Zhang, Zhiguo Li, Mingzhi Xiao, Jiangang Xu, and Dong He2012Managing the medium-and-long-term risks in China’s assets and liabilitiesCaijing Magazine (15) 72-81(in Chinese) 



    11.Zhiguo Li, Xiaorong Zhang, Jiangang Xu2010The Interactive Relation between Capital Formation and Monetary Expansion: Explanation of Economic Growth in ChinaChina University Academic Abstracts vol.27(4) 172-173(in Chinese) 



    12.Zhiguo Li, Xiaorong Zhang, Jiangang Xu2010The Interactive Relation between Captial Formation and Monetary Expansion: Explanation of Economic Growth in ChinaJournal of Fiannce and Economics vol.36(6) 36-45、68(in Chinese) 



    13.Xiaorong Zhang, Jiangang Xu, Zhiguo Li2010Risks in China's Holding of US Financial AssetsWorld Economy Study (5) 21-26(in Chinese) 



    14.Zhiguo Li2009The Disequilibrium Transmission Mechanism of China's Banlance of Payments: Looking at Theoretic and Empirical EventsJournal of Risk Management Research (4) 15-30(in Chinese) 



    15.Zhiguo Li,Xiaorong Zhang2009The Endogenous Mechanism of China's Money Supply During Transition:Evidence from Central Bank's Balance SheetStatistical Research Vol.26(6) 13-22(in Chinese) 



    16.Wen Li,Zhiguo Li,Guoxing Tang2009The Regional Difference of China's Foreign Trade Development: Evidence from Chinese Provincial Panel Data 1992-2007Economic Theory and Business Management (4) 11-17(in Chinese) 



    17.Li Zhiguo2008Chinese Regional Capital Mobility: The Evidence Based On The Feldstein-Horioka ApproachStatistic Research (China) 25(10) 73-80(in Chinese) 



    18.LI Zhiguo2007Money Demand Elasticity, Effective Money Supply and Money Market DisequilibriumEconomic Theory and Economic Management (11) 38-44(in Chinese) 



    19.LI Zhiguo2007Empirical Research on Monetary Base, Money multiplier and The Central Bank's Balance SheetQuantitative and Technical Economic 24(11) 15-26(in Chinese) 



    20.XU Jiangang, LI Zhiguo and ZHANG Xiaorong2007The Dynamic Relationships of Renminbi NDF and The Spot Exchange RateJournal of Finance and Economics 33(9) 61-68(in Chinese) 



    21.LI Zhiguo and ZENG Lifei2007Micro-monetary Demand Function and The Heterogeneity: The Evidences From Firm's Panel DataFinancial Research (8) 47-57(in Chinese) 



    22.LI Zhiguo and XU Hanfei2007Chinese Monetary Puzzle and The reasons of Chinese Excess LiquidityInvestment and Security(Renda Materials) (7) 8-11(in Chinese) 



    23.LI Zhiguo2007Formal Contract and Relational Contract in The Incentive SystemIndustrial Economic Research (3) 62-67(in Chinese) 



    24.LI Zhiguo2007Chinese Excess Liquidity and The Decreasing Monetary VelocityEconomic Review (5) 94-99(in Chinese) 



    25.ZHANG Xiaorong, LI Zhiguo and XU Jiangang2007The Permanent Memory Process of Chinese InflationShanghai Economic Research (5) 3-9(in Chinese) 



    26.LIU Shiqiang,LI Zhiguo and WANG Junhong2007Interest Control and Economic GrowthNanfang Economics (4) 3-10(in Chinese) 



    27.LI Zhiguo2007Chinese Excess Liquidity and The Monetary Supply DeterminationShanghai Management Science Vol.29(2) 1-6(in Chinese) 



    28.LI Zhiguo and ZENG Lifei2007Empirical Research on The Determinations of Monetary Demand ElasticityJournal of Finance and Economics Vol.33(3) 29-37(in Chinese) 



    29.LI Zhiguo and XU Hanfei2007Chinese Monetary Puzzle and The reasons of Chinese Excess LiquidityFinance and Economy (3) 17-21(in Chinese) 



    30.LI Zhiguo, XU Jiangang and ZENG Lifei2007Is There Any J Curve Effects Under the Pressure of Renminbi AppreciationWorld Economy Study (3) 39-43(in Chinese) 



    31.WANG Junhong and LI Zhiguo2006Industrial Structure Changes and The Influence on Monetary VelocityJournal of Finance and Economics Vol.32(9) 61-68(in Chinese) 



    32.ZENG Lifei, LI Zhiguo and XU Jiangang2006Monetary Velocity Model Under the Financial Institution Asset StructureWorld Economy (8) 79-87(in Chinese) 



    33.XU Jiangang, PENG Song and LI Zhiguo2006Oil Price Shocks and MacroeconomicsShanghai Management Science Vol.28(3) 6-9(in Chinese) 



    34.Sun Wen, Li Zhiguo and Sun Xianfeng2006The Dynamic Unconsistency of Monetary Policy under the Low InflationFinancial Management Journal (4) 48-53(in Chinese) 



    35.LI Zhiguo and TANG Guoxing2006The Explanation of the Decreasing Monetary Velocity In ChinaShanghai Finance (1) 33-34(in Chinese) 



    36.HE Zhiyuan, LI Zhiguo and LU Shiqiang2005The Empirical Study on Chinese Urban consumption StructureJournal of Finance and Economics Vol.31(12) 77-87(in Chinese) 



    37.LI Zhiguo, XU Jiangang and PENG Song2005The Effects of Oil Price shocksResearch and Development Management 17 74-80(in Chinese) 



    38.XU Yang and LI Zhiguo2005The instability of Chinese Banking SystemShanghai Zonghe Jingji (38) 1-4(in Chinese) 



    39.XU Yang and LI Zhiguo2005Empirical Study on Chinese Capital Flow out of Balance Sheet during the Period of TransitionWorld Economy Study (4) 34-39(in Chinese) 



    40.LUO Pinliang and LI Zhiguo2003R&D Competitive Efficiency with External BenefitsFudan Academic Research Vol.42(5) 685-691(in Chinese) 



    41.LI Zhiguo and TANG Guoxing2003China's Capital Formation and Capital Adjustment Model In Economic TransitionEconomic Research (2) 34-42(in Chinese) 



    42.LI Zhiguo and SHI Yuehua2003The Monetary Divisia Index and Currency asset StructureShanghai Finance (2) 17-19(in Chinese) 



    43.LI Zhiguo2002Chinese Capital Stock In Economic TransitionNankai Economic Research (6) 35-39(in Chinese) 



    44.LI Zhiguo and TANG Guoxing2002Consumption, Capital Pricing and Equity Premium PuzzleEconomic Science (6) 60-65(in Chinese) 



    45.Li Zhiguo and Tang Guoxing2002The Estimation of Chinese Average Capital CostStatistic Research (11) 21-25(in Chinese) 



    46.LI Zhiguo2002The Expected Inflation Mechanism and The Phillips Curve in ChinaEconomic Issues in China (5) 32-37(in Chinese) 


    Conference Proceedings


    1.Zhang, Xiaorong, Jiangang Xu and Zhiguo Li2011Financial stability and interest rate adjustment in asset price boom-bust cycles211 International Conference on Electronics, Communications and Control Ningbo 3453-3460.  



    2.Jiangang Xu, Xiaorong Zhang, Zhiguo Li, Guoxing Tang2009China's Holdings of U.S. Assets: Size and StructureProceedings of The Second China Private Economy Innovation International Forum Taizhou, China 721-727.  



    3.XU Jiangang, LI Zhiguo, ZHANG Xiaorong and TANG Guoxing2007Net Foreign Assets in ChinaThe American Scholars Press  278-288.  



    4.Xu Jiangang, Zhang Xiaorong, Li Zhiguo, Tangguoxing2007The Effect of NFA on RMB Real Exchange Rate: Does Transfer Problem Exist in China?System Association Conference  .  



    5.Li Zhiguo2008The Decisions of Chinese regional Capital MobilityForeign Economic and Trade Conference  . (in Chinese) 



    6.Li Zhiguo2008Money Demand Elasticity Monetary Multiplier and The Imbalance of Monetary MarketChina International Conference in Finance(CICF28)  . (in Chinese) 



    7.Xu jiangang, Xiaorong Zhang, Zhiguo Li2008Chinese Foreign Financial Assets and RMB Exchange RateEconometric Association Conference  . (in Chinese) 



    8.Li Zhiguo2007Excess Liquidity and The Imbalance of Money MarketSystem Association Conference  . (in Chinese) 



    9.Li Zhiguo2007FDI, Foreign Firm Exports and Chinese Regional Disparity: Evidence From Panel Data of 1992-2005International Conference of Eastern Asian Economy  . (in Chinese) 



    10.Xu Jiangang, ZhiguoLi2007The Analysis of Chinese Foreign Financial AssetsInternational Conference of Chinese Private Economy  . (in Chinese) 



    11.Li Zhiguo2007The Empirical Research on Central Bank Asset Structure and Money MultiplierEconometric Association Conference  . (in Chinese) 



    12.Xu Jiangang, Zhiguo Li and Xiaorong Zhang2007The Dynamic Relations Between RMB NDF and the Spot Exchange RateEconometric Association Conference  . (in Chinese) 



    13.Li Zhiguo, Lifei Zeng and Hanfei Xu2007The Micro-function of Chinese Money Demand in The Firm Level: Evidence from the Listing CorporationsInternational Conference of Eastern Asian Economy  . (in Chinese) 



    14.Li Zhiguo, Hanfei Xu2006The Relations of Chinese Benchmark Interest Rate and Market Interest RateChinese Economic Annual Conference  . (in Chinese) 



    15.Li Zhiguo, Jiangang Xu2006Excess Liquidity and The Pressure of RMB AppreciationXiao Gu Wei Forum  . (in Chinese) 



    16.Li Zhiguo, Hanfei Xu2006The Substitutions of Chinese Benchmark Interest Rate and Market Interest RateThe Young Economic Scholar Forum  . (in Chinese) 



    17.Zeng Lifei, Zhiguo Liand Jiangang Xu2005The Empirical Research on Money Velocity and Financial StructureThe Advanced Econometric Conference  . (in Chinese) 


    Academic Works

    Jun Ma and Zhiguo Li2014Economic Policy on PM2.5 Emission ReductionChina Economic PressBeijing

    Ma, Jun, Xiaorong Zhang, and Zhiguo Li etc.2012A Study of China's National Balance SheetSocial Sciences Academic PressBeijing

    Li Zhiguo2007China's Macroeconomic Mechanism and The Econometric Models During The Transition The Publishing House of Shanghai Financial UniversityShanghai

    Papers in Books

    Yu, Kun, Zhiguo Li, and Xiaorong Zhang.Analyzing China's industrial structure and performance: Evidence from listed companies 2003-2009.In .Fudan Industrial Economic Review.格致出版社,2011

    Research Projects

    2015.07—2017.07Principal InvestigatorThe Economic Policy and Industrial Effects of Reducing China’s PM2.5Shanghai Philosophy and Social Science

    2009.12—2010.04Principal InvestigatorThe Imbalance Risks of China's Balance of PaymentsChina Lixin Risk Management Research Institute

    2009.01—2011.12Principal InvestigatorMonetary Policy Transition and Inflation Management Under Liquidity Maladjustment: The DSGE Model and Its Empirical MethodsNational Natural Science Foundation of China

    2008.09—2010.12MemberChinese Foreign Asset Liability and Economic Adjustment against the Background of Financial GlobalizationShanghai Philosophy and Social Science

    2007.11—2009.12Principal InvestigatorThe Forming Mechanism and Economic Measures of Excess Liquidity in ChinaChenguang Human Resource Project in Shanghai Metropolitan

    2007.06—2008.08MemberThe Study on Relationship of Onshore and Offshore RMB Derivative MarketNational Natural Science Foundation of China

    2007.01—2009.12Principal InvestigatorBehavior, Mechanism and Feedback: New Econometric Model in the Transition of Chinese EconomyChinese Ministry of Education

    2006.01—2008.12MemberStudies on the Optimal Structure and Operation Modes of Integrated Innovation NetworkNational Nature Science Foundation Program

    2006.01—2008.12Principal InvestigatorNew Macro-econometric Model in China from the Perspective of Behavioral Game TheoryShanghai Social Science Foundation

    2006.01—2008.12MemberOpening macroeconomic risk, risk index and risk measureFudan University


    Case

    Zhiguo Li,Jieyou Zhang,Mengyuan ShenBestore: brand breakthrough after Omni channel layout, , 2020

    Zhiguo Li,Jieyou Zhang,Mengyuan ShenCHACHA Food: From sunflower seed champion to new nut brand, , 2020

    Zhiguo Li,Baichun Xiao,Jieyou ZhangMU Noodles, , 2019

    Zhiguo Li,Jieyou ZhangThree Squirrels Bring New Nuts, , 2018