Details about Pengfei Wang
Access statistics for papers by Pengfei Wang.
Last updated 2023-03-16. Update your information in the RePEc Author Service.
Short-id: pwa169
Jump to Journal Articles Chapters Software Items
Working Papers
2022
- A Theory of Housing Demand Shocks
Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (7) NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (7) FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2019) View citations (7)
2020
- Asset Bubbles and Monetary Policy
Boston University - Department of Economics - The Institute for Economic Development Working Papers Series, Boston University - Department of Economics View citations (19)
Also in 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (18)
See also Journal Article in Review of Economic Dynamics (2020)
- Discount Shock, Price-Rent Dynamics, and the Business Cycle
FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (1)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (4)
See also Journal Article in International Economic Review (2020)
- Self-Fulfilling Risk Panics: An Expected Utility Framework
NBER Working Papers, National Bureau of Economic Research, Inc
2019
- Convergence, Financial Development, and Policy Analysis
Boston University - Department of Economics - The Institute for Economic Development Working Papers Series, Boston University - Department of Economics View citations (3)
See also Journal Article in Economic Theory (2020)
- Interest-Rate Liberalization and Capital Misallocations
Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
See also Journal Article in American Economic Journal: Macroeconomics (2021)
2018
- A Search-Based Neoclassical Model of Capital Reallocation
Working Papers, Federal Reserve Bank of St. Louis 
See also Journal Article in European Economic Review (2020)
- Financial Markets, the Real Economy, and Self-fulfilling Uncertainties
NBER Working Papers, National Bureau of Economic Research, Inc 
See also Journal Article in Journal of Finance (2019)
2017
- Asset Bubbles and Foreign Interest Rate Shocks
2017 Meeting Papers, Society for Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2022)
- Online Appendix to ""Financial Development and Long-Run Volatility Trends"
Online Appendices, Review of Economic Dynamics View citations (1)
See also Journal Article in Review of Economic Dynamics (2018)
2016
- Adverse Selection and Self-fulfilling Business Cycles
2016 Meeting Papers, Society for Economic Dynamics 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (9)
See also Journal Article in Journal of Monetary Economics (2018)
- Saving China's Stock Market
IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (2)
See also Journal Article in IMF Economic Review (2019)
2015
- Credit Search and Credit Cycles
Working Papers, Federal Reserve Bank of St. Louis View citations (14)
See also Journal Article in Economic Theory (2016)
- Housing Bubbles and Policy Analysis
2015 Meeting Papers, Society for Economic Dynamics View citations (3)
- Sentiments, Financial Markets, and Macroeconomic Fluctuations
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article in Journal of Financial Economics (2016)
2014
- Liquidity Premia, Price-Rent Dynamics, and Business Cycles
FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (4)
- Private Information and Sunspots in Sequential Asset Markets
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article in Journal of Economic Theory (2015)
- Trade, Sectorial Reallocation, and Growth
MPRA Paper, University Library of Munich, Germany 
See also Journal Article in Annals of Economics and Finance (2018)
2013
- A Bayesian DSGE Model of Stock Market Bubbles and Business Cycles
2013 Meeting Papers, Society for Economic Dynamics View citations (10)
- Financial development and long-run volatility trends
Working Papers, Federal Reserve Bank of St. Louis View citations (4)
See also Journal Article in Review of Economic Dynamics (2018)
- Stock Market Bubbles and Unemployment
2013 Meeting Papers, Society for Economic Dynamics View citations (5)
Also in Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2012) View citations (7)
See also Journal Article in Economic Theory (2016)
- Two-Way Capital Flows and Global Imbalances: A Neoclassical Approach
2013 Meeting Papers, Society for Economic Dynamics 
Also in Working Papers, Federal Reserve Bank of St. Louis (2012) View citations (4)
- Uncertainty and Sentiment-Driven Equilibria
NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
Also in Working Papers, Federal Reserve Bank of St. Louis (2013) View citations (9)
See also Chapter (2017)
2012
- Banking Bubbles and Financial Crisis
Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics View citations (6)
See also Journal Article in Journal of Economic Theory (2015)
- Financial Constraints, Endogenous Markups, and Self-fulfilling Equilibria
NBER Working Papers, National Bureau of Economic Research, Inc 
See also Journal Article in Journal of Monetary Economics (2013)
- Land-Price Dynamics and Macroeconomic Fluctuations
2012 Meeting Papers, Society for Economic Dynamics View citations (2)
Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (17) FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2011) View citations (44) NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (36)
See also Journal Article in Econometrica (2013)
- Sectoral Bubbles and Endogenous Growth
2012 Meeting Papers, Society for Economic Dynamics View citations (3)
Also in Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2011) View citations (4)
- Sentiments and Aggregate Demand Fluctuations
NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
Also in Working Papers, Federal Reserve Bank of St. Louis (2012) View citations (6)
See also Journal Article in Econometrica (2015)
- What inventories tell us about aggregate fluctuations -- a tractable approach to (S,s) policies
Working Papers, Federal Reserve Bank of St. Louis 
See also Journal Article in Journal of Economic Dynamics and Control (2014)
- When Do Inventories Destabilize the Economy? ---A Tractable Approach to (S,s) Policies
2012 Meeting Papers, Society for Economic Dynamics
2011
- Bubbles and Credit Constraints
2011 Meeting Papers, Society for Economic Dynamics View citations (51)
Also in Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2011) View citations (55)
- Bubbles and Total Factor Productivity
Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics View citations (6)
See also Journal Article in American Economic Review (2012)
- When do inventories destabilize the economy? an analytical approach to (S,s) policies
Working Papers, Federal Reserve Bank of St. Louis
2010
- Credit Risk and Business Cycles
Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics View citations (26)
- Do credit constraints amplify macroeconomic fluctuations?
FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (9)
Also in Working Paper Series, Federal Reserve Bank of San Francisco (2009) View citations (17)
- Financial Development and Economic Volatility:A Unified Explanation
2010 Meeting Papers, Society for Economic Dynamics View citations (3)
Also in Working Papers, Federal Reserve Bank of St. Louis (2009) View citations (7)
- Hayashi meets Kiyotaki and Moore: a theory of capital adjustment costs
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
- Indeterminate credit cycles
Working Paper Series, Federal Reserve Bank of San Francisco
2009
- Does Lumy Investment Matter for Business Cycles?
MPRA Paper, University Library of Munich, Germany View citations (1)
Also in Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics View citations (1)
- Inventory accelerator in general equilibrium
Working Papers, Federal Reserve Bank of St. Louis View citations (6)
- Speculative bubbles and financial crisis
Working Papers, Federal Reserve Bank of St. Louis View citations (15)
See also Journal Article in American Economic Journal: Macroeconomics (2012)
2008
- A Defense of RBC:Understanding the Puzzling Effects of Technology Shocks
2008 Meeting Papers, Society for Economic Dynamics
2007
- Endogenous volatility, endogenous growth, and large welfare gains from stabilization policies
Working Papers, Federal Reserve Bank of St. Louis
- 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)
- Incomplete information and self-fulfilling prophecies
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
- Understanding the puzzling effects of technology shocks
Working Papers, Federal Reserve Bank of St. Louis View citations (1)
2006
- Imperfect competition and sunspots
Working Papers, Federal Reserve Bank of St. Louis View citations (1)
- Inflation dynamics: a cross-country investigation
Working Papers, Federal Reserve Bank of St. Louis View citations (3)
See also Journal Article in Journal of Monetary Economics (2007)
- Solving linear difference systems with lagged expectations by a method of undetermined coefficients
Working Papers, Federal Reserve Bank of St. Louis View citations (7)
2005
- Another look at sticky prices and output persistence
Working Papers, Federal Reserve Bank of St. Louis View citations (4)
Also in Working Papers, Cornell University, Center for Analytic Economics (2004) View citations (1)
See also Journal Article in Journal of Economic Dynamics and Control (2006)
2004
- 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)
Undated
- Lumpy Investment and Corporate Tax Policy
Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics View citations (1)
See also Journal Article in Journal of Money, Credit and Banking (2014)
Journal Articles
2022
- Asset Bubbles and Foreign Interest Rate Shocks
Review of Economic Dynamics, 2022, 44, 315-348 
See also Software Item (2021) Working Paper (2017)
2021
- Interest Rate Liberalization and Capital Misallocations
American Economic Journal: Macroeconomics, 2021, 13, (2), 373-419 View citations (6)
See also Working Paper (2019)
2020
- A search-based neoclassical model of capital reallocation
European Economic Review, 2020, 128, (C) View citations (4)
See also Working Paper (2018)
- Asset Bubbles and Monetary Policy
Review of Economic Dynamics, 2020, 37 Supplement 1, S68-S98 View citations (40)
See also Working Paper (2020) Software Item (2020)
- Convergence, financial development, and policy analysis
Economic Theory, 2020, 69, (3), 523-568 View citations (5)
See also Working Paper (2019)
- DISCOUNT SHOCK, PRICE–RENT DYNAMICS, AND THE BUSINESS CYCLE
International Economic Review, 2020, 61, (3), 1229-1252 View citations (1)
See also Working Paper (2020)
2019
- Financial Markets, the Real Economy, and Self‐Fulfilling Uncertainties
Journal of Finance, 2019, 74, (3), 1503-1557 View citations (9)
See also Working Paper (2018)
- Monetary Policy and Rational Asset Price Bubbles: Comment
American Economic Review, 2019, 109, (5), 1969-90 View citations (15)
- Saving China’s Stock Market?
IMF Economic Review, 2019, 67, (2), 349-394 View citations (8)
See also Working Paper (2016)
2018
- Adverse selection and self-fulfilling business cycles
Journal of Monetary Economics, 2018, 94, (C), 114-130 View citations (9)
See also Working Paper (2016)
- Asset Bubbles and Credit Constraints
American Economic Review, 2018, 108, (9), 2590-2628 View citations (66)
- Financial Development and Long-Run Volatility Trends
Review of Economic Dynamics, 2018, 28, 221-251 View citations (10)
See also Working Paper (2013) Working Paper (2017) Software Item (2017)
- Market thickness and the impact of unemployment on housing market outcomes
Journal of Monetary Economics, 2018, 98, (C), 27-49 View citations (3)
- The perils of credit booms
Economic Theory, 2018, 66, (4), 819-861 View citations (4)
- Trade, Sectorial Reallocation, and Growth
Annals of Economics and Finance, 2018, 19, (1), 49-74 View citations (2)
See also Working Paper (2014)
2017
- Two‐way Capital Flows and Global Imbalances
Economic Journal, 2017, 127, (599), 229-269 View citations (6)
2016
- Chaotic banking crises and regulations
Economic Theory, 2016, 61, (2), 393-422 View citations (8)
Also in Economic Theory, 2016, 61, (2), 393-422 (2016) View citations (8)
- Credit search and credit cycles
Economic Theory, 2016, 61, (2), 215-239 View citations (15)
See also Working Paper (2015)
- Endogenous information acquisition and countercyclical uncertainty
Journal of Economic Theory, 2016, 165, (C), 601-642 View citations (7)
- Sentiments, financial markets, and macroeconomic fluctuations
Journal of Financial Economics, 2016, 120, (2), 420-443 View citations (43)
See also Working Paper (2015)
- Stock market bubbles and unemployment
Economic Theory, 2016, 61, (2), 273-307 View citations (33)
See also Working Paper (2013)
2015
- A Bayesian dynamic stochastic general equilibrium model of stock market bubbles and business cycles
Quantitative Economics, 2015, 6, (3), 599-635 View citations (26)
- Asset bubbles, collateral, and policy analysis
Journal of Monetary Economics, 2015, 76, (S), S57-S70 View citations (33)
- Banking bubbles and financial crises
Journal of Economic Theory, 2015, 157, (C), 763-792 View citations (35)
See also Working Paper (2012)
- Private information and sunspots in sequential asset markets
Journal of Economic Theory, 2015, 158, (PB), 558-584 View citations (9)
See also Working Paper (2014)
- Sentiments and Aggregate Demand Fluctuations
Econometrica, 2015, 83, 549-585 View citations (102)
See also Working Paper (2012)
2014
- A Q-theory model with lumpy investment
Economic Theory, 2014, 57, (1), 133-159 View citations (4)
- Credit Constraints and Self-Fulfilling Business Cycles
American Economic Journal: Macroeconomics, 2014, 6, (1), 32-69 View citations (66)
- Lumpy Investment and Corporate Tax Policy
Journal of Money, Credit and Banking, 2014, 46, (6), 1171-1203 View citations (9)
See also Working Paper
- Sectoral bubbles, misallocation, and endogenous growth
Journal of Mathematical Economics, 2014, 53, (C), 153-163 View citations (56)
- What inventories tell us about aggregate fluctuations—A tractable approach to (S,s) policies
Journal of Economic Dynamics and Control, 2014, 44, (C), 196-217 View citations (7)
See also Working Paper (2012)
2013
- Financial constraints, endogenous markups, and self-fulfilling equilibria
Journal of Monetary Economics, 2013, 60, (7), 789-805 View citations (41)
See also Working Paper (2012)
- Land‐Price Dynamics and Macroeconomic Fluctuations
Econometrica, 2013, 81, (3), 1147-1184 View citations (237)
See also Working Paper (2012)
2012
- Bubbles and Total Factor Productivity
American Economic Review, 2012, 102, (3), 82-87 View citations (101)
See also Working Paper (2011)
- Hayashi Meets Kiyotaki and Moore: A Theory of Capital Adjustment
Review of Economic Dynamics, 2012, 15, (2), 207-225 View citations (20)
See also Software Item (2011)
- Speculative Bubbles and Financial Crises
American Economic Journal: Macroeconomics, 2012, 4, (3), 184-221 View citations (35)
See also Working Paper (2009)
- Understanding Expectation-Driven Fluctuations: A Labor-Market Approach
Journal of Money, Credit and Banking, 2012, 44, 487-506 View citations (16)
Also in Journal of Money, Credit and Banking, 2012, 44, (2‐3), 487-506 (2012) View citations (9)
2011
- Understanding the Effects of Technology Shocks
Review of Economic Dynamics, 2011, 14, (4), 705-724 View citations (12)
See also Software Item (2010)
- Volatility, growth, and welfare
Journal of Economic Dynamics and Control, 2011, 35, (10), 1696-1709 View citations (13)
2008
- Imperfect competition and indeterminacy of aggregate output
Journal of Economic Theory, 2008, 143, (1), 519-540 View citations (14)
See also Working Paper (2007)
2007
- Inflation dynamics: A cross-country investigation
Journal of Monetary Economics, 2007, 54, (7), 2004-2031 View citations (40)
See also Working Paper (2006)
2006
- Another look at sticky prices and output persistence
Journal of Economic Dynamics and Control, 2006, 30, (12), 2533-2552 View citations (23)
See also Working Paper (2005)
2005
- 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 (7)
See also Working Paper (2004)
Chapters
2021
- Pandemic and Panic: Government as the Supplier of Last Resort
Chapter 6 in Impact of COVID-19 on Asian Economies and Policy Responses, 2021, pp 33-43
2017
- Uncertainty and Sentiment-Driven Equilibria
Springer View citations (2)
See also Working Paper (2013)
2011
- Comment on "Oil Shocks in A DSGE Model for the Korean Economy"
A chapter in Commodity Prices and Markets, 2011, pp 323-324
Software Items
2021
- Code and data files for "Asset Bubbles and Foreign Interest Rate Shocks"
Computer Codes, Review of Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2022)
2020
- Code and data files for "Asset Bubbles and Monetary Policy"
Computer Codes, Review of Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2020)
2017
- Code and data files for "Financial Development and Long-Run Volatility Trends"
Computer Codes, Review of Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2018)
2011
- 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
- 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)
|
The links between different versions of a paper are constructed automatically by matching on the titles.
Please contact if a link is incorrect.
Use this form
to add links between versions where the titles do not match.
|