Ernest Liu is a Postdoctoral Research Associate in the Julis-Rabinowitz Center for Public Policy and Finance at the Woodrow Wilson School and at the Simpson Center at the Economics Department. His research studies the implications of weak financial institutions for economic growth, allocation of resources, and economic development. He has done work that uses production network theory to understand industrial policies, specifically the strong government support for upstream industries that are widely adopted in developing economies. His currently work explores the implications of persistently low interest rates on market power and long-run productivity growth. He received his PhD in Economics from MIT in 2017.