Shu-Ling WangFaculty

Associate Professor of Economics and Dr. Richard W. Lindholm Professor of Public Finance in Business and Economics

I joined Gustavus Adolphus College in 2016, after my two-year stay at College of Wooster. I earned my Ph.D. degree in Economics from Indiana University (Bloomington) in 2015. My teaching interests are Macroeconomics, Money and Banking, International Finance, Public Finance, and First Term Seminar. Being an active instructor in an interactive and interdisciplinary liberal arts environment with a diverse group of students, I enjoy developing and experimenting a variety of teaching pedagogies to enrich students' learning experiences. I also enjoy mentoring undergraduate research that fosters students to become a critical thinker. During my stay at College of Wooster, I advised several one-year long senior independent studies. At Gustavus, I mentored class projects to attend the Minnesota Economic Association undergraduate paper contest. In October 2023, my Money and Banking students' paper titled “The Asian Crisis of 1997" won the 3rd place in the category of economic communication.

My research focuses on Macroeconomics, Monetary Economics, and International Finance. I particularly study fiscal/monetary policy issues, such as fiscal stimulus, debt financing, tax policy, and distriutionsal effects/DEI, using a dynamic stochastic general equilibrium (DSGE) framework. My papers are published in Journal of Macroeconomics, Review of International Economics, and Economic Modelling. One of them analyzes the effects of fiscal policy in highly-indebted countries with large interest rate spreads in a neoclassical growth model. Another one examines the distributional effects of non-resident housing investment on domestic home owners and renters in a heterogeneous New-Keynesian model of a small open economy. The third one computes optimal fiscal stabilization policy and studies the distributional effects across savers and hand-to-mouth agents for countries that belong to a monetary union without monetary independence. My current project studies the effects fiscal stimulus, considering various debt financing schemes, sources, and speed in a New-Keynesian model for Spain. 

In addition to those scholarly activities mentioned above, I have served as a paper reviewer for Journal of Macroeconomics, Economic Modelling. Contemporary Economic Policy, and The American Economics. I also regularly attend the monthly meetings held by the Liberal Arts Macroeconomics "Applied Theory" and "Monetary Policy" sub-groups. Currently, I am a member of the Board of Minnesota Economic Association and have been serving on the Program Committee for the Liberal Arts Macroeconomics Conference since 2021. 

Beyond academia, I love architecture, arts, photography, and music. My favorite architects are Frank Lloyd Wright, Louis Sullivan, and Zaha Hadid. I am also fascinated by the drawings of Georgia O’Keeffe and Edward Hopper. I play piano, violin, and Pi-Pa (a Chinese instrument). My favorite composers and musicians are Johann S. Bach of the Baroque period.

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Ph.D in Economics (2015), Indiana University (Bloomington); M.A. in Economics (2012), Indiana University (Bloomington); M.A. in Public Finance (2008), National Chengchi University, Taiwan; B.A. in Public Finance and Law (double majors, 2006), National Chengchi University, Taiwan

Courses Taught

Synonym Title Times Taught Terms Taught
E/M-109 Principles of Macroeconomics 12 2023/SP, 2022/FA, 2022/SP, 2021/FA, 2021/SP, 2020/SP, 2019/FA, and 2019/SP
E/M-101 Principles of Macroeconomics 8 2018/SP, 2017/FA, 2017/SP, and 2016/FA
E/M-282 Intermed Macroecon 5 2022/FA, 2021/FA, 2021/SP, 2019/FA, and 2019/SP
E/M-382 Money & Banking 4 2023/SP, 2022/SP, 2021/SP, and 2020/SP
E/M-271 Money & Banking 3 2019/SP, 2018/SP, and 2017/SP
FTS-100 FTS:Too Big to Fail? 2 2022/FA and 2021/FA
E/M-201 Intermed Macroecon 2 2017/FA and 2016/FA