Details about 文一 (Yi Wen)

Access statistics for papers by 文一.

Last updated 2013-01-03. Update your information in the RePEc Author Service.

Short-id: pwe11

Working Papers

2013

1. Uncertainty and Sentiment-Driven Equilibria
   NBER Working Papers, National Bureau of Economic Research, Inc

2012

2. Capital, finance, and trade collapse
   Working Papers, Federal Reserve Bank of St. Louis
3. Sentiments and Aggregate Demand Fluctuations
   NBER Working Papers, National Bureau of Economic Research, Inc
4. Two-way capital flows and global imbalances: a neoclassical approach
   Working Papers, Federal Reserve Bank of St. Louis View citations (1)

2011

5. Input and output inventory dynamics
   Working Papers, Federal Reserve Bank of St. Louis View citations (2)
   Also in Working Papers, Federal Reserve Bank of St. Louis (2009) View citations (1)
   See also Journal Article in American Economic Journal: Macroeconomics (2011)
6. Making sense of China’s astronomical foreign reserves
   Working Papers, Federal Reserve Bank of St. Louis
7. Making sense of China’s excessive foreign reserves
   Working Papers, Federal Reserve Bank of St. Louis View citations (1)
8. OPEC´s Oil Exporting Strategy and Macroeconomic (In)Stability
   NIPE Working Papers, NIPE - Universidade do Minho
   Also in Working Papers, Federal Reserve Bank of St. Louis (2011)
9. When do inventories destabilize the economy? an analytical approach to (S,s) policies
   Working Papers, Federal Reserve Bank of St. Louis

2010

10. Can rising housing prices explain China’s high household saving rate?
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article in Review (2011)
11. Dissecting Taylor Rules in a Structural VAR
    IMF Working Papers, International Monetary Fund
    Also in Working Papers, Federal Reserve Bank of St. Louis (2010) View citations (1)
12. Financial Development and Economic Volatility:A Unified Explanation
    2010 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers, Federal Reserve Bank of St. Louis (2009) View citations (3)
13. Hayashi meets Kiyotaki and Moore: a theory of capital adjustment costs
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
14. Leveraged borrowing and boom-bust cycles
    Working Papers, Federal Reserve Bank of St. Louis
15. Liquidity demand and welfare in a heterogeneous-agent economy
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
16. Optimal money demand in a heterogeneous-agent cash-in-advance economy
    Working Papers, Federal Reserve Bank of St. Louis

2009

17. An analytical approach to buffer-stock saving
    Working Papers, Federal Reserve Bank of St. Louis
18. Inventory accelerator in general equilibrium
    Working Papers, Federal Reserve Bank of St. Louis
19. Leveraged financing, over investment, and boom-bust cycles
    Working Papers, HAL
20. Liquidity and welfare in a heterogeneous-agent economy
    Working Papers, Federal Reserve Bank of St. Louis
21. Saving and growth under borrowing constraints explaining the "high saving rate" puzzle
    Working Papers, Federal Reserve Bank of St. Louis
22. Speculative bubbles and financial crisis
    Working Papers, Federal Reserve Bank of St. Louis View citations (7)
    See also Journal Article in American Economic Journal: Macroeconomics (2012)
23. When does heterogeneity matter?
    Working Papers, Federal Reserve Bank of St. Louis

2008

24. A Defense of RBC:Understanding the Puzzling Effects of Technology Shocks
    2008 Meeting Papers, Society for Economic Dynamics
25. Dynamics of externalities: a second-order perspective
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article in Review (2011)
26. Inventories, liquidity, and the macroeconomy
    Working Papers, Federal Reserve Bank of St. Louis
27. Resuscitating the credit cycle
    Working Papers, Federal Reserve Bank of St. Louis

2007

28. A note on oil dependence and economic instability
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article in Macroeconomic Dynamics (2008)
29. Endogenous volatility, endogenous growth, and large welfare gains from stabilization policies
    Working Papers, Federal Reserve Bank of St. Louis
30. Global indeterminacy in locally determinate RBC models
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
31. Imperfect competition and indeterminacy of aggregate output
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
    See also Journal Article in Journal of Economic Theory (2008)
32. Incomplete information and self-fulfilling prophecies
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
33. Oil Dependence and Economic Instability
    NIPE Working Papers, NIPE - Universidade do Minho View citations (2)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007)
34. Understanding the puzzling effects of technology shocks
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)

2006

35. Demand shocks and economic fluctuations
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
    See also Journal Article in Economics Letters (2006)
36. Granger causality and equilibrium business cycle theory
    Working Papers, Federal Reserve Bank of St. Louis
    Also in Working Papers, Cornell University, Center for Analytic Economics (2001)
    See also Journal Article in Review (2007)
37. Imperfect competition and sunspots
    Working Papers, Federal Reserve Bank of St. Louis
38. Inflation dynamics: a cross-country investigation
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
    See also Journal Article in Journal of Monetary Economics (2007)
39. Solving linear difference systems with lagged expectations by a method of undetermined coefficients
    Working Papers, Federal Reserve Bank of St. Louis View citations (6)
40. Understanding the large negative impact of oil shocks
    Working Papers, Federal Reserve Bank of St. Louis View citations (6)
    See also Journal Article in Journal of Money, Credit and Banking (2007)

2005

41. Another look at sticky prices and output persistence
    Working Papers, Federal Reserve Bank of St. Louis View citations (5)
    Also in Working Papers, Cornell University, Center for Analytic Economics (2004)
    See also Journal Article in Journal of Economic Dynamics and Control (2006)
42. By force of demand: explaining international comovements and the saving-investment correlation puzzle
    Working Papers, Federal Reserve Bank of St. Louis
43. Durable good inventories and the volatility of production: explaining the less volatile U.S. economy
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
    Also in Working Papers, Cornell University, Center for Analytic Economics (2004) View citations (1)
44. Foreign trade and equilibrium indeterminacy
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
    Also in Working Papers, Cornell University, Center for Analytic Economics (2004) View citations (3)
    NIPE Working Papers, NIPE - Universidade do Minho (2004) View citations (7)
45. Labor hoarding and inventories
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
46. Measuring interest rates as determined by thrift and productivity
    Working Papers, Federal Reserve Bank of St. Louis
    Also in Working Papers, Cornell University, Center for Analytic Economics
47. Production and inventory behavior of capital
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article in Annals of Economics and Finance (2007)
48. The effectiveness of monetary policy: an assessment
    Working Papers, Federal Reserve Bank of St. Louis
49. The multiplier: a general equilibrium analysis of multi-stage-fabrication economy with inventories
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
50. Understanding the Impact of Oil Shocks
    Working Papers, Cornell University, Center for Analytic Economics
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2005)
51. Uniform working hours and structural unemployment
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article in Annals of Economics and Finance (2007)
52. Wavelet: a new tool for business cycle analysis
    Working Papers, Federal Reserve Bank of St. Louis View citations (5)
53. Where's the beef? the trivial dynamics of real business cycle models
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)

2004

54. Endogenous Money or Sticky Price? Comment on Monetary Non-neutrality and Inflation Dynamics
    Working Papers, Cornell University, Center for Analytic Economics
    See also Journal Article in Journal of Economic Dynamics and Control (2005)
55. General Equilibrium Analysis of the Supply of Capital
    Working Papers, Cornell University, Center for Analytic Economics

2003

56. Durable Goods Inventories and the Volatility of Production: A Puzzle
    Working Papers, Cornell University, Center for Analytic Economics
57. On the Optimal Volume of Labor Hoarding
    Working Papers, Cornell University, Center for Analytic Economics
58. The Power of Demand: A General Equilibrium Analysis of Multi-Stage-Fabrication Economy with Inventories
    Working Papers, Cornell University, Center for Analytic Economics View citations (1)
59. Understanding the Inventory Cycle: I. Partial Equilibrium Analysis
    Working Papers, Cornell University, Center for Analytic Economics

2002

60. Fickle Consumers versus Random Technology: Explaining Domestic and International Comovements
    Working Papers, Cornell University, Center for Analytic Economics View citations (6)
61. Understanding the Inventory Cycle
    Working Papers, Cornell University, Center for Analytic Economics View citations (5)
    See also Journal Article in Journal of Monetary Economics (2005)
62. What Does It Take to Explain Procyclical Productivity
    Working Papers, Cornell University, Center for Analytic Economics View citations (1)
    See also Journal Article in The B.E. Journal of Macroeconomics (2004)
63. What's unique about the federal funds rate? evidence from a spectral perspective
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
    See also Journal Article in Oxford Bulletin of Economics and Statistics (2007)

2001

64. Demand-Driven Business Cycles: Explaining Domestic and International Comovements
    Working Papers, Cornell University, Center for Analytic Economics View citations (3)
65. Indeterminacy, Aggregate Demand, and the Real Business Cycle
    Working Papers, Cornell University, Center for Analytic Economics
    See also Journal Article in Journal of Monetary Economics (2004)
66. Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations? Comment
    Working Papers, Cornell University, Center for Analytic Economics View citations (1)
67. Uniform Working Hours: A Culprit of Structural Unemployment
    Working Papers, Cornell University, Center for Analytic Economics
68. Why Does Consumption Lead the Business Cycle?
    Working Papers, Cornell University, Center for Analytic Economics

2000

69. Understanding Self-Fulfilling Rational Expectations Equilibria in Real Business Cycle Models
    Working Papers, Cornell University, Center for Analytic Economics
    See also Journal Article in Journal of Economic Dynamics and Control (2001)

1999

70. The Business Cycle Effects of Seasonal Shocks
    Working Papers, Cornell University, Center for Analytic Economics

1996

71. Cyclical Implications of the Variable Utilization of Physical and Human Capital
    Working Papers, University of Iowa, Department of Economics View citations (6)
    Also in Macroeconomics, EconWPA (1996) View citations (4)

Journal Articles

2012

1. Hayashi Meets Kiyotaki and Moore: A Theory of Capital Adjustment
   Review of Economic Dynamics, 2012, 15, (2), 207-225 View citations (1)
   See also Software Item (2011)
2. Housing prices and the high Chinese saving rate puzzle
   China Economic Review, 2012, 23, (2), 265-283
3. Okun’s law: a meaningful guide for monetary policy?
   Economic Synopses, 2012
4. Reducing the U.S. deficit by recycling capital inflows
   Economic Synopses, 2012
5. Speculative Bubbles and Financial Crises
   American Economic Journal: Macroeconomics, 2012, 4, (3), 184-221 View citations (2)
   See also Working Paper (2009)

2011

6. Can rising housing prices explain China’s high household saving rate?
   Review, 2011, (Mar), 67-88
   See also Working Paper (2010)
7. Dynamics of externalities: a second-order perspective
   Review, 2011, (May), 187-206
   See also Working Paper (2008)
8. Input and Output Inventory Dynamics
   American Economic Journal: Macroeconomics, 2011, 3, (4), 181-212 View citations (2)
   See also Working Paper (2011)
9. Monetary policy's effects on unemployment
   Economic Synopses, 2011
10. Oil price shocks and inflation risk
    Economic Synopses, 2011
11. RMB appreciation and U.S. inflation risk
    Economic Synopses, 2011
12. Understanding the Effects of Technology Shocks
    Review of Economic Dynamics, 2011, 14, (4), 705-724
    See also Software Item (2010)
13. Volatility, growth, and welfare
    Journal of Economic Dynamics and Control, 2011, 35, (10), 1696-1709 View citations (2)

2010

14. Economic growth and the global savings glut
    Economic Synopses, 2010
15. Money supply, credit expansion, and housing price inflation
    Economic Synopses, 2010
16. Why aren't the Chinese buying more American goods?
    Economic Synopses, 2010
17. Why do people dislike inflation?
    Economic Synopses, 2010

2009

18. Can monetary policy affect GDP growth?
    Economic Synopses, 2009
19. Global indeterminacy in locally determinate real business cycle models
    International Journal of Economic Theory, 2009, 5, (1), 49-60 View citations (4)

2008

20. A NOTE ON OIL DEPENDENCE AND ECONOMIC INSTABILITY
    Macroeconomic Dynamics, 2008, 12, (05), 717-723 View citations (4)
    See also Working Paper (2007)
21. Imperfect competition and indeterminacy of aggregate output
    Journal of Economic Theory, 2008, 143, (1), 519-540 View citations (3)
    See also Working Paper (2007)
22. Why do Chinese households save so much?
    International Economic Trends, 2008, (Aug)

2007

23. By force of demand: Explaining international comovements
    Journal of Economic Dynamics and Control, 2007, 31, (1), 1-23 View citations (3)
24. Granger causality and equilibrium business cycle theory
    Review, 2007, (May), 195-206 View citations (1)
    See also Working Paper (2006)
25. Inflation dynamics: A cross-country investigation
    Journal of Monetary Economics, 2007, 54, (7), 2004-2031 View citations (8)
    See also Working Paper (2006)
26. Oil shocks and price stability
    Monetary Trends, 2007, (Dec)
27. Production and Inventory Behavior of Capital
    Annals of Economics and Finance, 2007, 8, (1), 95-112
    See also Working Paper (2005)
28. The U.S. consumption boom and trade deficit
    National Economic Trends, 2007, (Oct)
29. Understanding the Large Negative Impact of Oil Shocks
    Journal of Money, Credit and Banking, 2007, 39, (4), 925-944 View citations (13)
    See also Working Paper (2006)
30. Uniform Working Hours and Structural Unemployment
    Annals of Economics and Finance, 2007, 8, (1), 113-136 View citations (2)
    See also Working Paper (2005)
31. What's Unique About the Federal Funds Rate? Evidence from a Spectral Perspective
    Oxford Bulletin of Economics and Statistics, 2007, 69, (2), 293-319
    See also Working Paper (2002)

2006

32. Another look at sticky prices and output persistence
    Journal of Economic Dynamics and Control, 2006, 30, (12), 2533-2552 View citations (6)
    See also Working Paper (2005)
33. Demand shocks and economic fluctuations
    Economics Letters, 2006, 90, (3), 378-383 View citations (3)
    See also Working Paper (2006)
34. The quantity theory of money
    Monetary Trends, 2006, (Nov)
35. The seasonal cycle and the business cycle
    National Economic Trends, 2006, (Jul)

2005

36. Endogenous money or sticky prices?--comment on monetary non-neutrality and inflation dynamics
    Journal of Economic Dynamics and Control, 2005, 29, (8), 1361-1383 View citations (1)
    See also Working Paper (2004)
37. Understanding the inventory cycle
    Journal of Monetary Economics, 2005, 52, (8), 1533-1555 View citations (15)
    See also Working Paper (2002)

2004

38. Indeterminacy, aggregate demand, and the real business cycle
    Journal of Monetary Economics, 2004, 51, (3), 503-530 View citations (28)
    See also Working Paper (2001)
39. What Does It Take to Explain Procyclical Productivity?
    The B.E. Journal of Macroeconomics, 2004, contributions.4, (1), 5 View citations (5)
    See also Working Paper (2002)

2002

40. The business cycle effects of Christmas
    Journal of Monetary Economics, 2002, 49, (6), 1289-1314 View citations (4)

2001

41. A generalized method of impulse identification
    Economics Letters, 2001, 73, (3), 367-374 View citations (2)
42. Residential Investment and Economic Growth
    Annals of Economics and Finance, 2001, 2, (2), 437-444 View citations (2)
43. Understanding self-fulfilling rational expectations equilibria in real business cycle models
    Journal of Economic Dynamics and Control, 2001, 25, (8), 1221-1240 View citations (14)
    See also Working Paper (2000)

1999

44. A simple nonlinear filter for economic time series analysis
    Economics Letters, 1999, 64, (2), 151-160 View citations (3)

1998

45. Can a real business cycle model pass the Watson test?
    Journal of Monetary Economics, 1998, 42, (1), 185-203 View citations (10)
46. Capacity Utilization under Increasing Returns to Scale
    Journal of Economic Theory, 1998, 81, (1), 7-36 View citations (118)
47. Indeterminacy, dynamic adjustment costs, and cycles
    Economics Letters, 1998, 59, (2), 213-216 View citations (7)
48. Investment cycles
    Journal of Economic Dynamics and Control, 1998, 22, (7), 1139-1165 View citations (18)

Software Items

2011

1. Code files for "Hayashi Meets Kiyotaki and Moore: A Theory of Capital Adjustment Costs"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2012)

2010

2. Code and data files for "Understanding the Effects of Technology Shocks"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2011)