Portrait of Kunjian Li

Kunjian Li

Research Affiliate, International Institute for Management Development (IMD)

TONOMUS Global Center for Digital and AI Transformation and China Initiative

My research spans two areas. In macro-finance and asset pricing, I study how financial intermediaries, deposit franchises, and inelastic markets shape monetary transmission. In business ecosystems and digital transformation, I study how AI and ecosystem governance are reshaping corporate strategy, with a current interest in geopolitical fragmentation.

I earned my M.A. at the University of Chicago, advised by Stefan Nagel, and previously worked under Lars Peter Hansen at the Macro Finance Research Program, Chicago Booth.

Research areas: Macro-Finance and Asset Pricing; Business Ecosystems and Digital Transformation

Email: kunjianli@uchicago.edu