Details about 文一 (Yi Wen)
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Last updated 2023-05-08. Update your information in the RePEc Author Service.
Short-id: pwe11
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Working Papers
2023
- Optimal Dynamic Tax-Transfer Policies in Heterogeneous-Agents Economies
Working Papers, Federal Reserve Bank of St. Louis
- The Ramsey Steady-State Conundrum in Heterogeneous-Agent Economies
Working Papers, Federal Reserve Bank of St. Louis View citations (1)
2022
- The Determination of Public Debt under both Aggregate and Idiosyncratic Uncertainty
Working Papers, Federal Reserve Bank of St. Louis View citations (6)
See also Journal Article in Journal of Economic Theory (2022)
- The Inverted Leading Indicator Property and Redistribution Effect of the Interest Rate
Working Papers, HAL View citations (1)
Also in AMSE Working Papers, Aix-Marseille School of Economics, France (2022)  Working Papers, Federal Reserve Bank of St. Louis (2016) View citations (7) Post-Print, HAL (2022)  Working papers, Banque de France (2016) View citations (9)
See also Journal Article in European Economic Review (2022)
2021
- Are Government Bonds Net Wealth or a Liability? ---Optimal Debt and Taxes in an OLG Model with Uninsurable Income Risk
Working Papers, Federal Reserve Bank of St. Louis
- Are Unconditional Lump-sum Transfers a Good Idea?
Working Papers, Federal Reserve Bank of St. Louis 
See also Journal Article in Economics Letters (2021)
- Optimal Fiscal Policy under Capital Overaccumulation
Working Papers, Federal Reserve Bank of St. Louis
- Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences
Working Papers, Federal Reserve Bank of St. Louis View citations (6)
See also Journal Article in Review of Economic Dynamics (2022)
- The Poverty of Macroeconomics --- What the Chemical Revolution Tells Us about Neoclassical Production Function
Working Papers, Federal Reserve Bank of St. Louis
- Time-Inconsistent Optimal Quantity of Debt
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
See also Journal Article in European Economic Review (2021)
2020
- Should Capital Be Taxed?
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
See also Journal Article in Economics Letters (2021)
2019
- Don't Tax Capital---Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences
2019 Meeting Papers, Society for Economic Dynamics View citations (12)
- International credit markets and global business cycles
Post-Print, HAL View citations (3)
Also in Working Papers, Federal Reserve Bank of St. Louis (2018) View citations (1) Working Papers, HAL (2018) View citations (1) AMSE Working Papers, Aix-Marseille School of Economics, France (2018) View citations (1)
See also Journal Article in International Journal of Economic Theory (2019)
- Time-Varying Networks and the Efficacy of Money Without Sticky Prices
2019 Meeting Papers, Society for Economic Dynamics
- What Does Financial Crisis Tell Us About Exporter Behavior and Credit Reallocation?
Working Papers, Federal Reserve Bank of St. Louis
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)
- Escaping the Middle-Income Trap: A Cross-Country Analysis on the Patterns of Industrial Upgrading
Working Papers, Federal Reserve Bank of St. Louis View citations (3)
- Long and Plosser Meet Bewley and Lucas
Working Papers, Federal Reserve Bank of St. Louis View citations (4)
See also Journal Article in Journal of Monetary Economics (2019)
2017
- Flight to What? — Dissecting Liquidity Shortages in the Financial Crisis
Working Papers, Federal Reserve Bank of St. Louis View citations (1)
- Optimal Monetary Policy under Negative Interest Rate
Working Papers, Federal Reserve Bank of St. Louis View citations (13)
- Optimal Ramsey Capital Income Taxation —A Reappraisal
Working Papers, Federal Reserve Bank of St. Louis View citations (13)
2016
- Interest Rate Dynamics, Variable-Rate Loans, and the Business Cycle
2016 Meeting Papers, Society for Economic Dynamics View citations (2)
- The Visible Hand: The Role of Government in China’s Long-Awaited Industrial Revolution
Working Papers, Federal Reserve Bank of St. Louis 
See also Journal Article in Journal of Chinese Economic and Business Studies (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)
- Institutions Do Not Rule: Reassessing the Driving Forces of Economic Development
Working Papers, Federal Reserve Bank of St. Louis View citations (4)
- Interest Rate Dynamics, Variable-Rate Loan Contracts, and the Business Cycle
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
- Self-Fulfilling Credit Cycles
Working Paper Series of the Department of Economics, University of Konstanz, Department of Economics, University of Konstanz View citations (10)
Also in Working Papers, Federal Reserve Bank of St. Louis (2015) View citations (6) CESifo Working Paper Series, CESifo (2015) View citations (9)
See also Journal Article in Review of Economic Studies (2016)
- The Making of an Economic Superpower―Unlocking China’s Secret of Rapid Industrialization
Working Papers, Federal Reserve Bank of St. Louis View citations (1)
- The great housing boom of China
FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta 
Also in Working Papers, Federal Reserve Bank of St. Louis (2014) View citations (14)
See also Journal Article in American Economic Journal: Macroeconomics (2017)
2014
- Money, liquidity and welfare
Working Papers, Federal Reserve Bank of St. Louis View citations (1)
See also Journal Article in European Economic Review (2015)
- QE: when and how should the Fed exit?
Working Papers, Federal Reserve Bank of St. Louis View citations (3)
- Withstanding great recession like China
Working Papers, Federal Reserve Bank of St. Louis View citations (4)
See also Journal Article in Manchester School (2019)
2013
- Evaluating unconventional monetary policies -why aren’t they more effective?
Working Papers, Federal Reserve Bank of St. Louis View citations (3)
- Financial development and long-run volatility trends
Working Papers, Federal Reserve Bank of St. Louis View citations (5)
See also Journal Article in Review of Economic Dynamics (2018)
- Leveraged Borrowing and Boom-Bust Cycles
Post-Print, HAL View citations (23)
Also in Working Papers, Federal Reserve Bank of St. Louis (2010) View citations (6)
See also Journal Article in Review of Economic Dynamics (2013)
- Liquidity and Welfare
2013 Meeting Papers, Society for Economic Dynamics 
Also in Working Papers, Federal Reserve Bank of St. Louis (2012)
- Macroeconomic Effects of Government Spending in China
Working Papers, Federal Reserve Bank of St. Louis View citations (3)
See also Journal Article in Pacific Economic Review (2019)
- Multiplier Effects of Government Spending: A Tale of China
2013 Meeting Papers, Society for Economic Dynamics View citations (2)
- 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 (5)
- 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
- Capital, finance, and trade collapse
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
- Housing prices and the high Chinese saving rate puzzle
Working Papers, Federal Reserve Bank of St. Louis View citations (38)
See also Journal Article in China Economic Review (2012)
- 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 (7)
See also Journal Article in Econometrica (2015)
- When Do Inventories Destabilize the Economy? ---A Tractable Approach to (S,s) Policies
2012 Meeting Papers, Society for Economic Dynamics
2011
- Input and output inventory dynamics
Working Papers, Federal Reserve Bank of St. Louis View citations (34)
Also in Working Papers, Federal Reserve Bank of St. Louis (2009) View citations (2)
See also Journal Article in American Economic Journal: Macroeconomics (2011)
- Making sense of China’s astronomical foreign reserves
Working Papers, Federal Reserve Bank of St. Louis
- Making sense of China’s excessive foreign reserves
Working Papers, Federal Reserve Bank of St. Louis View citations (7)
- OPEC´s Oil Exporting Strategy and Macroeconomic (In)Stability
NIPE Working Papers, NIPE - Universidade do Minho View citations (2)
Also in Working Papers, Federal Reserve Bank of St. Louis (2011) View citations (1)
See also Journal Article in Energy Economics (2012)
- When do inventories destabilize the economy? an analytical approach to (S,s) policies
Working Papers, Federal Reserve Bank of St. Louis
2010
- Can rising housing prices explain China’s high household saving rate?
Working Papers, Federal Reserve Bank of St. Louis View citations (1)
See also Journal Article in Review (2011)
- Dissecting Taylor Rules in a Structural VAR
IMF Working Papers, International Monetary Fund View citations (8)
Also in Working Papers, Federal Reserve Bank of St. Louis (2010) View citations (7)
- 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 (5)
- Liquidity demand and welfare in a heterogeneous-agent economy
Working Papers, Federal Reserve Bank of St. Louis View citations (4)
- Optimal money demand in a heterogeneous-agent cash-in-advance economy
Working Papers, Federal Reserve Bank of St. Louis View citations (4)
2009
- An analytical approach to buffer-stock saving
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
- Inventory accelerator in general equilibrium
Working Papers, Federal Reserve Bank of St. Louis View citations (6)
- Leveraged financing, over investment, and boom-bust cycles
Working Papers, HAL View citations (1)
- Liquidity and welfare in a heterogeneous-agent economy
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
- Saving and growth under borrowing constraints explaining the \"high saving rate\" puzzle
Working Papers, Federal Reserve Bank of St. Louis View citations (3)
- Speculative bubbles and financial crisis
Working Papers, Federal Reserve Bank of St. Louis View citations (16)
See also Journal Article in American Economic Journal: Macroeconomics (2012)
- When does heterogeneity matter?
Working Papers, Federal Reserve Bank of St. Louis View citations (4)
2008
- A Defense of RBC:Understanding the Puzzling Effects of Technology Shocks
2008 Meeting Papers, Society for Economic Dynamics
- Dynamics of externalities: a second-order perspective
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
See also Journal Article in Review (2011)
- Inventories, liquidity, and the macroeconomy
Working Papers, Federal Reserve Bank of St. Louis
- Resuscitating the credit cycle
Working Papers, Federal Reserve Bank of St. Louis
2007
- A note on oil dependence and economic instability
Working Papers, Federal Reserve Bank of St. Louis 
See also Journal Article in Macroeconomic Dynamics (2008)
- Endogenous volatility, endogenous growth, and large welfare gains from stabilization policies
Working Papers, Federal Reserve Bank of St. Louis
- Global indeterminacy in locally determinate RBC models
Working Papers, Federal Reserve Bank of St. Louis View citations (3)
- 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)
- 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)
- Understanding the puzzling effects of technology shocks
Working Papers, Federal Reserve Bank of St. Louis View citations (6)
2006
- Demand shocks and economic fluctuations
Working Papers, Federal Reserve Bank of St. Louis View citations (9)
See also Journal Article in Economics Letters (2006)
- 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)
- Imperfect competition and sunspots
Working Papers, Federal Reserve Bank of St. Louis View citations (3)
- 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)
- 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
- 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)
- By force of demand: explaining international comovements and the saving-investment correlation puzzle
Working Papers, Federal Reserve Bank of St. Louis
- 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 (4)
Also in Working Papers, Cornell University, Center for Analytic Economics (2004) View citations (1)
- Foreign trade and equilibrium indeterminacy
Working Papers, Federal Reserve Bank of St. Louis View citations (7)
Also in NIPE Working Papers, NIPE - Universidade do Minho (2004) View citations (8) Working Papers, Cornell University, Center for Analytic Economics (2004) View citations (4)
- Labor hoarding and inventories
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
- 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 (2000)
- 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)
- The effectiveness of monetary policy: an assessment
Working Papers, Federal Reserve Bank of St. Louis
- The multiplier: a general equilibrium analysis of multi-stage-fabrication economy with inventories
Working Papers, Federal Reserve Bank of St. Louis View citations (2)
- Understanding the Impact of Oil Shocks
NIPE Working Papers, NIPE - Universidade do Minho View citations (3)
Also in Working Papers, Cornell University, Center for Analytic Economics (2005) View citations (3)
- 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)
- Wavelet: a new tool for business cycle analysis
Working Papers, Federal Reserve Bank of St. Louis View citations (15)
- Where's the beef? the trivial dynamics of real business cycle models
Working Papers, Federal Reserve Bank of St. Louis View citations (1)
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)
- General Equilibrium Analysis of the Supply of Capital
Working Papers, Cornell University, Center for Analytic Economics
2003
- Durable Goods Inventories and the Volatility of Production: A Puzzle
Working Papers, Cornell University, Center for Analytic Economics
- On the Optimal Volume of Labor Hoarding
Working Papers, Cornell University, Center for Analytic Economics
- 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)
- Understanding the Inventory Cycle: I. Partial Equilibrium Analysis
Working Papers, Cornell University, Center for Analytic Economics
2002
- Fickle Consumers versus Random Technology: Explaining Domestic and International Comovements
Working Papers, Cornell University, Center for Analytic Economics View citations (11)
- Understanding the Inventory Cycle
Working Papers, Cornell University, Center for Analytic Economics View citations (6)
See also Journal Article in Journal of Monetary Economics (2005)
- 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)
- 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
- Demand-Driven Business Cycles: Explaining Domestic and International Comovements
Working Papers, Cornell University, Center for Analytic Economics View citations (5)
- 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)
- Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations? Comment
Working Papers, Cornell University, Center for Analytic Economics View citations (5)
- Uniform Working Hours: A Culprit of Structural Unemployment
Working Papers, Cornell University, Center for Analytic Economics
- Why Does Consumption Lead the Business Cycle?
Working Papers, Cornell University, Center for Analytic Economics
2000
- 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
- The Business Cycle Effects of Seasonal Shocks
Working Papers, Cornell University, Center for Analytic Economics
1996
- Cyclical Implications of the Variable Utilization of Physical and Human Capital
Macroeconomics, University Library of Munich, Germany View citations (8)
Also in Working Papers, University of Iowa, Department of Economics (1996) View citations (10)
Journal Articles
2022
- Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences
Review of Economic Dynamics, 2022, 46, 124-160 View citations (12)
See also Working Paper (2021) Software Item (2021)
- The determination of public debt under both aggregate and idiosyncratic uncertainty
Journal of Economic Theory, 2022, 203, (C) 
See also Working Paper (2022)
- The inverted leading indicator property and redistribution effect of the interest rate
European Economic Review, 2022, 148, (C) 
See also Working Paper (2022)
2021
- Are unconditional lump-sum transfers a good idea?
Economics Letters, 2021, 209, (C) 
See also Working Paper (2021)
- China's industrial revolution: A new perspective
China Economic Review, 2021, 69, (C)
- How to Jump-Start Industrialization in Sub-Saharan Africa
The Regional Economist, 2021
- Should capital be taxed?
Economics Letters, 2021, 200, (C) View citations (4)
See also Working Paper (2020)
- Time-inconsistent optimal quantity of debt
European Economic Review, 2021, 140, (C) View citations (2)
See also Working Paper (2021)
2020
- A search-based neoclassical model of capital reallocation
European Economic Review, 2020, 128, (C) View citations (4)
See also Working Paper (2018)
- Anecdotal Evidence Suggests State Capacity Unrelated to COVID-19 Spread
The Regional Economist, 2020, 28, (4)
- Is the Phillips Curve Still Alive?
Review, 2020, 102, (2), 121-144 View citations (7)
- The Changing Relationship between Trade and America’s Gold Reserves
The Regional Economist, 2020, 28, (1)
2019
- Changing Trade Relations May Affect U.S. Auto Exports in Long Run
The Regional Economist, 2019, 27, (1)
- Historical U.S. Trade Deficits
Economic Synopses, 2019, (13)
- International credit markets and global business cycles
International Journal of Economic Theory, 2019, 15, (1), 53-75 View citations (3)
See also Working Paper (2019)
- Long and Plosser meet Bewley and Lucas
Journal of Monetary Economics, 2019, 102, (C), 70-92 View citations (6)
See also Working Paper (2018)
- Macroeconomic effects of government spending in China
Pacific Economic Review, 2019, 24, (3), 416-446 View citations (8)
See also Working Paper (2013)
- The visible hand: the role of government in China’s long-awaited industrial revolution
Journal of Chinese Economic and Business Studies, 2019, 17, (1), 9-45 View citations (1)
Also in Review, 2016, 98, (3), 189-226 (2016) 
See also Working Paper (2016)
- Withstanding the Great Recession Like China
Manchester School, 2019, 87, (2), 138-182 View citations (14)
See also Working Paper (2014)
2018
- Financial Development and Long-Run Volatility Trends
Review of Economic Dynamics, 2018, 28, 221-251 View citations (11)
See also Working Paper (2013) Software Item (2017)
- Housing Costs and Regional Income Inequality in China and the U.S
The Regional Economist, 2018, 26, (2)
- Income and Living Standards within the Eighth District
The Regional Economist, 2018, 26, (1)
- Understanding the Roots of the U.S. Trade Deficit
The Regional Economist, 2018, 26, (3)
- Understanding the Trade Imbalance and Employment Decline in U.S. Manufacturing
Economic Synopses, 2018, (15), 1-3
2017
- Does More Financial Development Lead to More or Less Volatility?
The Regional Economist, 2017, 25, (2) View citations (1)
- Looking for the Positives In Negative Interest Rates
The Regional Economist, 2017, 25, (4)
- Secured and Unsecured Debt Over the Business Cycle
Economic Synopses, 2017, (1), 1-2
- The Great Housing Boom of China
American Economic Journal: Macroeconomics, 2017, 9, (2), 73-114 View citations (83)
See also Working Paper (2015)
- Two‐way Capital Flows and Global Imbalances
Economic Journal, 2017, 127, (599), 229-269 View citations (6)
2016
- China's Rapid Rise: From Backward Agrarian Society to Industrial Powerhouse in Just 35 Years
The Regional Economist, 2016, (April)
- Credit search and credit cycles
Economic Theory, 2016, 61, (2), 215-239 View citations (15)
See also Working Paper (2015)
- Relative Income Traps
Review, 2016, 98, (1), 41-60 View citations (4)
- Self-Fulfilling Credit Cycles
Review of Economic Studies, 2016, 83, (4), 1364-1405 View citations (31)
See also Working Paper (2015)
2015
- Money, liquidity and welfare
European Economic Review, 2015, 76, (C), 1-24 View citations (24)
See also Working Paper (2014)
- Recovery from the Great Recession Has Varied around the World
The Regional Economist, 2015, (Oct) View citations (4)
- Sentiments and Aggregate Demand Fluctuations
Econometrica, 2015, 83, 549-585 View citations (104)
See also Working Paper (2012)
- Trapped: Few Developing Countries Can Climb the Economic Ladder or Stay There
The Regional Economist, 2015, (Oct) View citations (3)
2014
- Food Prices and Inflation in China and the U.S. Are Following Similar Paths
The Regional Economist, 2014
- The liquidity trap: an alternative explanation for today's low inflation
The Regional Economist, 2014 View citations (1)
- 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)
- When and how to exit quantitative easing?
Review, 2014, 96, (3), 243-265 View citations (6)
2013
- Leveraged Borrowing and Boom-Bust Cycles
Review of Economic Dynamics, 2013, 16, (4), 617-633 View citations (22)
See also Working Paper (2013)
- Low inflation in a world of securitization
Economic Synopses, 2013
- The great Chinese housing boom
Economic Synopses, 2013 View citations (10)
2012
- Hayashi Meets Kiyotaki and Moore: A Theory of Capital Adjustment
Review of Economic Dynamics, 2012, 15, (2), 207-225 View citations (23)
See also Software Item (2011)
- Housing prices and the high Chinese saving rate puzzle
China Economic Review, 2012, 23, (2), 265-283 View citations (40)
See also Working Paper (2012)
- OPEC's oil exporting strategy and macroeconomic (in)stability
Energy Economics, 2012, 34, (1), 132-136 View citations (9)
See also Working Paper (2011)
- Okun’s law: a meaningful guide for monetary policy?
Economic Synopses, 2012 View citations (5)
- Reducing the U.S. deficit by recycling capital inflows
Economic Synopses, 2012
- Speculative Bubbles and Financial Crises
American Economic Journal: Macroeconomics, 2012, 4, (3), 184-221 View citations (35)
See also Working Paper (2009)
2011
- Can rising housing prices explain China’s high household saving rate?
Review, 2011, 93, (Mar), 67-88 View citations (3)
See also Working Paper (2010)
- Dynamics of externalities: a second-order perspective
Review, 2011, 93, (May), 187-206 
See also Working Paper (2008)
- Input and Output Inventory Dynamics
American Economic Journal: Macroeconomics, 2011, 3, (4), 181-212 View citations (33)
See also Working Paper (2011)
- Monetary policy's effects on unemployment
Economic Synopses, 2011
- Oil price shocks and inflation risk
Economic Synopses, 2011 View citations (5)
- RMB appreciation and U.S. inflation risk
Economic Synopses, 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)
2010
- Economic growth and the global savings glut
Economic Synopses, 2010
- Money supply, credit expansion, and housing price inflation
Economic Synopses, 2010
- Why aren't the Chinese buying more American goods?
Economic Synopses, 2010
- Why do people dislike inflation?
Economic Synopses, 2010
2009
- Can monetary policy affect GDP growth?
Economic Synopses, 2009 View citations (1)
- Global indeterminacy in locally determinate real business cycle models
International Journal of Economic Theory, 2009, 5, (1), 49-60 View citations (14)
2008
- A NOTE ON OIL DEPENDENCE AND ECONOMIC INSTABILITY
Macroeconomic Dynamics, 2008, 12, (5), 717-723 View citations (6)
See also Working Paper (2007)
- Imperfect competition and indeterminacy of aggregate output
Journal of Economic Theory, 2008, 143, (1), 519-540 View citations (17)
See also Working Paper (2007)
- Why do Chinese households save so much?
International Economic Trends, 2008, (Aug) View citations (4)
2007
- By force of demand: Explaining international comovements
Journal of Economic Dynamics and Control, 2007, 31, (1), 1-23 View citations (21)
- Granger causality and equilibrium business cycle theory
Review, 2007, 89, (May), 195-206 View citations (2)
See also Working Paper (2006)
- Inflation dynamics: A cross-country investigation
Journal of Monetary Economics, 2007, 54, (7), 2004-2031 View citations (40)
See also Working Paper (2006)
- Oil shocks and price stability
Monetary Trends, 2007, (Dec)
- Production and Inventory Behavior of Capital
Annals of Economics and Finance, 2007, 8, (1), 95-112 
See also Working Paper (2005)
- The U.S. consumption boom and trade deficit
National Economic Trends, 2007, (Oct)
- Understanding the Large Negative Impact of Oil Shocks
Journal of Money, Credit and Banking, 2007, 39, (4), 925-944 View citations (2)
Also in Journal of Money, Credit and Banking, 2007, 39, (4), 925-944 (2007) View citations (39)
See also Working Paper (2006)
- Uniform Working Hours and Structural Unemployment
Annals of Economics and Finance, 2007, 8, (1), 113-136 View citations (2)
See also Working Paper (2005)
- What's Unique About the Federal Funds Rate? Evidence from a Spectral Perspective*
Oxford Bulletin of Economics and Statistics, 2007, 69, (2), 293-319 View citations (1)
See also Working Paper (2002)
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)
- Demand shocks and economic fluctuations
Economics Letters, 2006, 90, (3), 378-383 View citations (10)
See also Working Paper (2006)
- The quantity theory of money
Monetary Trends, 2006, (Nov)
- The seasonal cycle and the business cycle
National Economic Trends, 2006, (Jul)
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)
- Understanding the inventory cycle
Journal of Monetary Economics, 2005, 52, (8), 1533-1555 View citations (51)
See also Working Paper (2002)
2004
- Indeterminacy, aggregate demand, and the real business cycle
Journal of Monetary Economics, 2004, 51, (3), 503-530 View citations (78)
See also Working Paper (2001)
- What Does It Take to Explain Procyclical Productivity?
The B.E. Journal of Macroeconomics, 2004, 4, (1), 1-40 View citations (32)
See also Working Paper (2002)
2002
- The business cycle effects of Christmas
Journal of Monetary Economics, 2002, 49, (6), 1289-1314 View citations (15)
2001
- A generalized method of impulse identification
Economics Letters, 2001, 73, (3), 367-374 View citations (2)
- Residential Investment and Economic Growth
Annals of Economics and Finance, 2001, 2, (2), 437-444 View citations (7)
- Understanding self-fulfilling rational expectations equilibria in real business cycle models
Journal of Economic Dynamics and Control, 2001, 25, (8), 1221-1240 View citations (29)
See also Working Paper (2000)
1999
- A simple nonlinear filter for economic time series analysis
Economics Letters, 1999, 64, (2), 151-160 View citations (7)
1998
- Can a real business cycle model pass the Watson test?
Journal of Monetary Economics, 1998, 42, (1), 185-203 View citations (18)
- Capacity Utilization under Increasing Returns to Scale
Journal of Economic Theory, 1998, 81, (1), 7-36 View citations (230)
- Indeterminacy, dynamic adjustment costs, and cycles
Economics Letters, 1998, 59, (2), 213-216 View citations (14)
- Investment cycles
Journal of Economic Dynamics and Control, 1998, 22, (7), 1139-1165 View citations (23)
Chapters
2017
- Uncertainty and Sentiment-Driven Equilibria
Springer View citations (2)
See also Working Paper (2013)
Software Items
2021
- Code and data files for "Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences"
Computer Codes, Review of Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2022)
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)
Editor
- China Economic Review
Elsevier
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