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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Center for Financial Research

Phillip Li

Phillip Li
Senior Financial Economist
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, DC 20429
Phone: 202-898-3501
Fax: 202-898-3500

Phillip Li Curriculum Vitae - PDF (PDF Help)

  • Publications
  • Biography

    Phillip Li is a Senior Financial Economist at the FDIC Center for Financial Research in the Division of Insurance and Research. His research interests include banking, stress testing, credit risk modeling, and econometrics. Before joining the FDIC, Phillip was a Senior Financial Economist at the Office of the Comptroller of the Currency and a researcher at the Office of Financial Research. He received a PhD in Economics and an MS in Statistics from the University of California, Irvine, and a BA in Economics from the University of California, Berkeley.

  • Publications

    Selected Publications

    Li, Phillip and Andrew Chang. Measurement Error in Macroeconomic Data and Economics Research: Data Revisions, Gross Domestic Product, and Gross Domestic Income. Forthcoming in Economic Inquiry.

    Li, Phillip and David Brownstone. A Model for Broad Choice Data. Forthcoming in Journal of Choice Modeling.

    Li, Phillip, Andrew Chang and Shawn Martin. Comparing Cross-Country Estimates of Lorenz Curves Using a Dirichlet Distribution Across Estimators and Datasets. Forthcoming in Journal of Applied Econometrics.

    Li, Phillip. 2018. Efficient MCMC Estimation of Inflated Beta Regression Models. Computational Statistics. 33(1), 127-158.

    Li, Phillip and Andrew Chang. Is Economics Research Replicable? Sixty Papers From Thirteen Journals say “Often Not”. Forthcoming in Critical Finance Review.

    Li, Phillip and Andrew Chang. 2018. A Preanalysis Plan to Replicate Sixty Economics Research Papers That Worked Half of the Time. American Economic Review. 105(5), 60-64.

    Li, Phillip, Xiaofei Zhang, and Xinlei Zhao. 2016. Further Investigation of Parametric Loss Given Default Modeling. Journal of Credit Risk. 12(4), 17-47.

    Li, Phillip. 2014. Estimation of Multivariate Sample Selection Models Via a Parameter-Expanded Monte Carlo EM Algorithm. Open Journal of Statistics. 4(10), 851-856.

    Li, Phillip, and Mohammad Arshad Rahman. 2011. Bayesian Analysis of Multivariate Sample Selection Models Using Gaussian Copulas. Advances in Econometrics: Missing-Data Methods. 27, 269-288.

    Li, Phillip. 2011. Estimation of Sample Selection Models with Two Selection Mechanisms. Computational Statistics & Data Analysis. 55(2), 1099-1108.

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