Liyan ShiView profile
Assistant Professor
Liyan Shi is an Assistant Professor of Economics at Carnegie Mellon University's Tepper School of Business, holding the Shubham Singhal and Jenny Cordina Endowed Career Development Chair since July 2024. She is also a Research Affiliate at the Centre for Economic Policy Research in London. Dr. Shi joined CMU as an Assistant Professor in January 2022 after serving as an Assistant Professor at the Einaudi Institute for Economics and Finance in Rome from 2020-2021. Dr. Shi's educational background includes a PhD in Economics from UCLA (2012-2018), an M.Sc. in Financial Economics with Distinction from Oxford University (2018-2020), and a B.A. in Finance from Peking University (2005-2009). Prior to her academic career, she worked as an Analyst in Fixed Income and Economic Research at Credit Suisse in London (2010-2012). Her research spans macroeconomics, firm dynamics, labor economics, and contract theory, with particular focus on noncompete contracts, executive compensation structures, pandemic policy optimization, and market inefficiencies. Her work frequently appears in top economics journals including Econometrica , Journal of Finance , and Economic Journal . Dr. Shi's publications reveal a strong emphasis on policy-relevant economic modeling, particularly in labor markets and contract design. Her recent work on noncompete contracts has provided quantitative evidence supporting regulatory interventions in executive labor markets, while her pandemic policy research demonstrated how testing can serve as an efficient substitute for lockdowns. Economic Journal Referee Prize (2021) Dr. Shi actively contributes to the academic community through seminar presentations at leading institutions including Duke University, University of Rochester, Princeton, and Cornell. She serves as a referee for top economics journals including American Economic Journal series, Econometrica , Journal of Political Economy , and Economic Journal . At CMU, she teaches courses in Intermediate Macroeconomics, Macroeconomics II, Macroeconomics III, and AI, Technology, and Work. Her professional network extends across multiple institutions as evidenced by her frequent seminar invitations and conference participations at major economic gatherings including the NBER Summer Institute, World Congress of the Econometric Society, and various specialized macroeconomics workshops.






