May Li

Shuyun May Li, professionally known as Associate Professor May Li, serves in the Department of Economics within the Faculty of Business and Economics at the University of Melbourne. She has held her position since joining the university in September 2005, advancing from lecturer roles to her current associate professorship. Li obtained her B.S. in Applied Mathematics from Renmin University of China in 1994 and her Ph.D. in Economics from the University of Texas at Austin in 2005. Her academic career focuses on quantitative macroeconomic analysis, and she contributes to the Macroeconomics Research Unit and the Trade and Development Research Unit.

May Li's research specializations are Macroeconomics, Computational Economics, Monetary Economics, and Public Finance. Her publications address key policy issues such as housing taxation, government expenditure composition, and fiscal stimulus effectiveness using overlapping generations and DSGE models. Notable works include "Stamping out stamp duty: Housing mismatch and welfare" (Quantitative Economics, 2024, co-authored with Yunho Cho and Lawrence Uren), which evaluates replacing stamp duty with consumption taxes; "Investment Housing Tax Concessions and Welfare: Evidence from Australia" (working paper, 2019, with Yunho Cho and Lawrence Uren); "Employment Flows with Endogenous Financing Constraints" (Journal of Productivity Analysis, 2011); "Inequality Aversion and the Optimal Composition of Government Expenditure" (Macroeconomic Dynamics, 2010, with John Creedy and Solmaz Moslehi); "Costly External Finance, Reallocation, and Aggregate Productivity" (Journal of Productivity Analysis, 2011); "Optimal Lending Contracts with Long Run Borrowing Constraints" (Journal of Economic Dynamics and Control, 2013); and "Effectiveness of the Australian Fiscal Stimulus Package: A DSGE Analysis" (with Adam Spencer). Li has received Australian Research Council Discovery Project grants, including for studies on housing investment tax concessions alongside colleagues Lawrence Uren and James Hansen. She teaches advanced courses including Ph.D. Macro I (ECON90003, since 2020), Ph.D. Macro II (ECON90014, 2007-2011 and 2016-2018), Economics of Financial Markets (ECON30024, since 2019), and Macroeconomics (ECON30009).

Professional Email: shuyunl@unimelb.edu.au