About I am a Senior Economist at the Federal Reserve Bank of Boston, a visiting scholar at the MIT Golub Center for Finance and Policy, and a visiting faculty at Harvard University. My research focuses on international finance, financial intermediation, and macroeconomics, covering topics including financial & banking globalization, capital flows, geoeconomics, U.S.-China economic linkages, financial networks, and household finance. I received my Ph.D. in Economics from the University of California, Berkeley.
View my curriculum vitae here.
Contact Information
Email:
lshengshen@gmail.com
lesliesheng.shen@bos.frb.org
lsshen1@mit.edu Phone: +1-216-577-8309
Publications
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Local Effects of Global Capital Flows: A China Shock in the U.S. Housing Market,
with Zhimin Li and Calvin Zhang,
Review of Financial Studies,
37(3), 761–801, 2024.
- In media: Macro Musings, Boston Fed, Caixin
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Scarred Consumption,
with Ulrike Malmendier,
AEJ: Macroeconomics,
16(1), 322–355, 2024.
- In media: VoxEU, The Economist, Financial Times, Washington Post, Fortune, MarketWatch
Working Papers
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Geopolitical Risk and Global Banking,
with Friederike Niepmann.
- In Media: Le Monde, Boston Fed, S&P Global
- Risk Sharing and Amplification in the Global Financial Network, with Tony Zhang.
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Global Banking and Firm Financing: A Double Adverse Selection Problem.
- Winner of the Young Economists’ Competition, ECB Forum on Central Banking
- Self-Reinforcing Glass Ceilings, with Carlos Avenancio-Leon and Alessio Piccolo.
Book Chapters & Policy Writings
- The Impact of Global Shipping Cost Surges on US Import Price Inflation, with Hillary Stein. Federal Reserve Bank of Boston Current Policy Perspectives.
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Dollar Funding Stresses in China,
with Laura Kodres and Darrell Duffie. In Fault Lines After COVID-19: Global Economic Challenges and Opportunities (pp. 109–131). Cham: Springer Nature Switzerland, 2023.
- In Media: VoxChina, Boston Fed, Business Insider
- International Spillovers on Government Bond Yields: Are We All in the Same Boat?, with Vivian Yue. Liberty Street Economics.
Permanent Working Papers
- Consumption Quality and the Welfare Implications of Business Cycle Fluctuations, with Casper Nordal Jørgensen.