Professor Youzhi YANG received his Ph.D. in 2009 from Iowa State University. He joined the School of Economics at Shanghai University of Finance & Economics in 2009. His areas of specialization include economic theory, macroeconomics and dynamic contract theory.  

1. Optimal CEO Turnover (with Cheng Wang), Journal of Economic Theory, 203, 2022, 105475;

2. On the Pure Theory of Wage Dispersion (with Cheng Wang), Review of Economic Dynamics, forthcoming;

3. Optimal Self-Enforcement and Termination (with Cheng Wang), Journal of Economic Dynamics and Control, 101, 2019, 161-186;

4. Equilibrium Matching and Termination (with Cheng Wang), Journal of Monetary Economics, 76, 2015, 208-229;

5. Outside Opportunities and Termination (with Cheng Wang), Games and Economic Behavior, 91, 2015, 207-228.

【1】 Credit Shock Propagation and Housing Price Swing in China: the Role of Refinancing (with Kevin X.D. Huang, Lei Ning and Jingbo Wang);
【2】 Networks and Referrals (with Youze Lang);
【3】 Optimal Smart Contracting with Moral Hazard (with Cheng Wang);
【4】 Optimal CEO Contracting with Capital Accumulation and Moral Hazard.

Advanced Macroeconomics I, Advanced Macroeconomics II, Intermediate Macroeconomics

【1】 An Equilibrium Labor Market Model with Internal and External Referrals (with Youze Lang), Resubmitted to International Economic Review;
【2】 Wage Dispersion and Capital Misallocation (with Weichao Zhu);
【3】 Repeated Moral Hazard with Private Evaluation: Leniency Bias (with Youze Lang); 
【4】 Repeated Moral Hazard with Private Evaluation: Why the Agent's Mixed Strategies Matter.