Macroeconomics, Financial Economics, and Economics of Education
New Jersey Hall 420
Zhifeng Cai is a macroeconomist whose research focuses on the role of financial frictions in shaping aggregate fluctuations. His current work studies how a persistent slump in real-estate prices could contribute to a secular stagnation like what we observed after the 2008 financial crisis. Another line of his research investigates the implications of rising income inequality on college tuition.