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Contact Information
Address: Department of Economics, University of California, Berkeley
675 Evans Hall, University Dr
Berkeley, CA 94720
E-mail: chen_lian@berkeley.edu
Website: https://sites.google.com/view/chenlian/home
Google scholar: https://scholar.google.com/citations?user=z3yCoXYAAAAJ&hl=en&
oi=sra
Academic Positions
University of California, Berkeley. Assistant Professor of Economics (2020–).
Research interests: Macroeconomics, Monetary Economics, Behavioral Economics, Finance.
Education
Massachusetts Institute of Technology, Cambridge, MA.
Ph.D. in Economics, 2020.
Working Papers
Why do Workers Dislike Inflation? Wage Erosion and Conflict Costs, with Joao Guerreiro,
Jonathon Hazell and Christina Patterson.
Deficits and Inflation: HANK meets FTPL, with George-Marios Angeletos and Christian Wolf.
Beliefs about the Economy are Excessively Sensitive to Household-level Shocks: Evidence from
Linked Survey and Administrative Data, with Dmitry Taubinsky, Luigi Butera and Matteo Sac-
carola. Under revision for the Quarterly Journal of Economics.
Publications
The Economics of Financial Stress, with Dmitriy Sergeyev and Yuriy Gorodnichenko. Accepted
at Review of Economic Studies.
Can Deficits Finance Themselves? with George-Marios Angeletos and Christian Wolf. Economet-
rica. September 2024.
Bankruptcy Resolution and Credit Cycles, with Martin Kornejew, Yueran Ma, Pablo Ottonello
and Diego Perez. NBER 39th Annual Conference on Macroeconomics, 2024.
Mistakes in Future Consumption, High MPCs Now. American Economic Review: Insights. Decem-
ber 2023.
Determinancy without the Taylor Principle, with George-Marios Angeletos. Journal of Political
Economy. August 2023.
Confidence and the Propagation of Demand Shocks, with George-Marios Angeletos. Review of
Economic Studies. May 2022.
A Theory of Narrow Thinking. Review of Economic Studies. October 2021 (Feature Article).
Anatomy of Corporate Borrowing Constraints, with Yueran Ma. Quarterly Journal of Economics,
February 2021.
Low Interest Rates and Risk Taking: Evidence from Individual Investment Decisions, with
Yueran Ma and Carmen Wang. Review of Financial Studies, June 2019 (Lead article).
Forward Guidance without Common Knowledge, with George-Marios Angeletos. American Eco-
nomic Review, September 2018.
Conference Organization
2025 SED Session at ASSA
2024 NBER Monetary Economics Fall Meeting
Teaching
2024 NBER Behavioral Macroeconomics Research Boot Camp
2023 Econ 236B, Advanced Macroeconomics II
Econ 138, Financial and Behavioral Economics
2022 Econ 138, Financial and Behavioral Economics
NBER Behavioral Macroeconomics Research Boot Camp
2021 Econ 236D, Behavioral Macroeconomics
Ph.D. Advising
2023 Jianlin Wang (Santa Clara University)
2022 Seung Joo Lee (Oxford Said)
Referee Services
American Economic Review, Econometrica, Quarterly Journal of Economics, Journal of Political
Economy, Review of Economic Studies, American Economic Review: Insights, Journal of Finance,
Journal of Financial Economics, American Economic Journal: Macroeconomics, American Eco-
nomic Journal: Applied Economics, Journal of Economic Theory, Journal of Monetary Economics,
Review of Economics and Statistics, Journal of International Economics, Journal of Mathemat-
ical Economics, Theoretical Economics, Journal of Economic Dynamics and Control, Economic
Journal, Quantitative Economics.
Grant reviewer
National Science Foundation, Alfred P. Sloan Foundation, Israel Science Foundation
Academic Visits
2023-2024 Northwestern (full-year)
2024 Federal Reserve Bank of Minneapolis (1-week), Uchicago BFI Institute (2-week), Yale Cowles Foun-
dation (1-week)
2023 Columbia (3-week), NYU (1-week)
2022 IMF (1-week), Uchicago BFI Institute (1-week), Yale SOM (1-week)
Date
09/23/2024