Details about 文一 (Yi Wen)

Workplace:

Antai College of Economics and Management, Shanghai Jiao Tong University, (more information at EDIRC)

Access statistics for papers by 文一.

Last updated 2023-05-08. Update your information in the RePEc Author Service.

Short-id: pwe11

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Working Papers

2023

1. Optimal Dynamic Tax-Transfer Policies in Heterogeneous-Agents Economies
   Working Papers, Federal Reserve Bank of St. Louis
2. The Ramsey Steady-State Conundrum in Heterogeneous-Agent Economies
   Working Papers, Federal Reserve Bank of St. Louis View citations (1)

2022

3. 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)
4. 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

5. 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
6. Are Unconditional Lump-sum Transfers a Good Idea?
   Working Papers, Federal Reserve Bank of St. Louis
   See also Journal Article in Economics Letters (2021)
7. Optimal Fiscal Policy under Capital Overaccumulation
   Working Papers, Federal Reserve Bank of St. Louis
8. 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)
9. The Poverty of Macroeconomics --- What the Chemical Revolution Tells Us about Neoclassical Production Function
   Working Papers, Federal Reserve Bank of St. Louis
10. 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

11. Should Capital Be Taxed?
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
    See also Journal Article in Economics Letters (2021)

2019

12. 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)
13. 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)
14. Time-Varying Networks and the Efficacy of Money Without Sticky Prices
    2019 Meeting Papers, Society for Economic Dynamics
15. What Does Financial Crisis Tell Us About Exporter Behavior and Credit Reallocation?
    Working Papers, Federal Reserve Bank of St. Louis

2018

16. 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)
17. 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)
18. 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

19. Flight to What? — Dissecting Liquidity Shortages in the Financial Crisis
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
20. Optimal Monetary Policy under Negative Interest Rate
    Working Papers, Federal Reserve Bank of St. Louis View citations (13)
21. Optimal Ramsey Capital Income Taxation —A Reappraisal
    Working Papers, Federal Reserve Bank of St. Louis View citations (13)

2016

22. Interest Rate Dynamics, Variable-Rate Loans, and the Business Cycle
    2016 Meeting Papers, Society for Economic Dynamics View citations (2)
23. 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

24. Credit Search and Credit Cycles
    Working Papers, Federal Reserve Bank of St. Louis View citations (14)
    See also Journal Article in Economic Theory (2016)
25. Institutions Do Not Rule: Reassessing the Driving Forces of Economic Development
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)
26. Interest Rate Dynamics, Variable-Rate Loan Contracts, and the Business Cycle
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
27. 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)
28. The Making of an Economic Superpower―Unlocking China’s Secret of Rapid Industrialization
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
29. 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

30. Money, liquidity and welfare
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
    See also Journal Article in European Economic Review (2015)
31. QE: when and how should the Fed exit?
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
32. 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

33. Evaluating unconventional monetary policies -why aren’t they more effective?
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
34. 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)
35. 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)
36. Liquidity and Welfare
    2013 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers, Federal Reserve Bank of St. Louis (2012)
37. 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)
38. Multiplier Effects of Government Spending: A Tale of China
    2013 Meeting Papers, Society for Economic Dynamics View citations (2)
39. 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)
40. 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

41. Capital, finance, and trade collapse
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
42. 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)
43. 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)
44. When Do Inventories Destabilize the Economy? ---A Tractable Approach to (S,s) Policies
    2012 Meeting Papers, Society for Economic Dynamics

2011

45. 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)
46. Making sense of China’s astronomical foreign reserves
    Working Papers, Federal Reserve Bank of St. Louis
47. Making sense of China’s excessive foreign reserves
    Working Papers, Federal Reserve Bank of St. Louis View citations (7)
48. 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)
49. When do inventories destabilize the economy? an analytical approach to (S,s) policies
    Working Papers, Federal Reserve Bank of St. Louis

2010

50. 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)
51. 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)
52. 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)
53. Hayashi meets Kiyotaki and Moore: a theory of capital adjustment costs
    Working Papers, Federal Reserve Bank of St. Louis View citations (5)
54. Liquidity demand and welfare in a heterogeneous-agent economy
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)
55. Optimal money demand in a heterogeneous-agent cash-in-advance economy
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)

2009

56. An analytical approach to buffer-stock saving
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
57. Inventory accelerator in general equilibrium
    Working Papers, Federal Reserve Bank of St. Louis View citations (6)
58. Leveraged financing, over investment, and boom-bust cycles
    Working Papers, HAL View citations (1)
59. Liquidity and welfare in a heterogeneous-agent economy
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
60. Saving and growth under borrowing constraints explaining the \"high saving rate\" puzzle
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
61. 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)
62. When does heterogeneity matter?
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)

2008

63. A Defense of RBC:Understanding the Puzzling Effects of Technology Shocks
    2008 Meeting Papers, Society for Economic Dynamics
64. 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)
65. Inventories, liquidity, and the macroeconomy
    Working Papers, Federal Reserve Bank of St. Louis
66. Resuscitating the credit cycle
    Working Papers, Federal Reserve Bank of St. Louis

2007

67. A note on oil dependence and economic instability
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article in Macroeconomic Dynamics (2008)
68. Endogenous volatility, endogenous growth, and large welfare gains from stabilization policies
    Working Papers, Federal Reserve Bank of St. Louis
69. Global indeterminacy in locally determinate RBC models
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
70. 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)
71. Incomplete information and self-fulfilling prophecies
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
72. 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)
73. Understanding the puzzling effects of technology shocks
    Working Papers, Federal Reserve Bank of St. Louis View citations (6)

2006

74. Demand shocks and economic fluctuations
    Working Papers, Federal Reserve Bank of St. Louis View citations (9)
    See also Journal Article in Economics Letters (2006)
75. 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)
76. Imperfect competition and sunspots
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
77. 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)
78. Solving linear difference systems with lagged expectations by a method of undetermined coefficients
    Working Papers, Federal Reserve Bank of St. Louis View citations (7)
79. 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

80. 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)
81. By force of demand: explaining international comovements and the saving-investment correlation puzzle
    Working Papers, Federal Reserve Bank of St. Louis
82. 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)
83. 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)
84. Labor hoarding and inventories
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
85. 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)
86. 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)
87. The effectiveness of monetary policy: an assessment
    Working Papers, Federal Reserve Bank of St. Louis
88. The multiplier: a general equilibrium analysis of multi-stage-fabrication economy with inventories
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
89. 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)
90. 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)
91. Wavelet: a new tool for business cycle analysis
    Working Papers, Federal Reserve Bank of St. Louis View citations (15)
92. Where's the beef? the trivial dynamics of real business cycle models
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)

2004

93. 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)
94. General Equilibrium Analysis of the Supply of Capital
    Working Papers, Cornell University, Center for Analytic Economics

2003

95. Durable Goods Inventories and the Volatility of Production: A Puzzle
    Working Papers, Cornell University, Center for Analytic Economics
96. On the Optimal Volume of Labor Hoarding
    Working Papers, Cornell University, Center for Analytic Economics
97. 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)
98. Understanding the Inventory Cycle: I. Partial Equilibrium Analysis
    Working Papers, Cornell University, Center for Analytic Economics

2002

99. Fickle Consumers versus Random Technology: Explaining Domestic and International Comovements
    Working Papers, Cornell University, Center for Analytic Economics View citations (11)
100. 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)
101. 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)
102. 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

103. Demand-Driven Business Cycles: Explaining Domestic and International Comovements
     Working Papers, Cornell University, Center for Analytic Economics View citations (5)
104. 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)
105. Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations? Comment
     Working Papers, Cornell University, Center for Analytic Economics View citations (5)
106. Uniform Working Hours: A Culprit of Structural Unemployment
     Working Papers, Cornell University, Center for Analytic Economics
107. Why Does Consumption Lead the Business Cycle?
     Working Papers, Cornell University, Center for Analytic Economics

2000

108. 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

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

1996

110. 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

1. 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)
2. The determination of public debt under both aggregate and idiosyncratic uncertainty
   Journal of Economic Theory, 2022, 203, (C)
   See also Working Paper (2022)
3. The inverted leading indicator property and redistribution effect of the interest rate
   European Economic Review, 2022, 148, (C)
   See also Working Paper (2022)

2021

4. Are unconditional lump-sum transfers a good idea?
   Economics Letters, 2021, 209, (C)
   See also Working Paper (2021)
5. China's industrial revolution: A new perspective
   China Economic Review, 2021, 69, (C)
6. How to Jump-Start Industrialization in Sub-Saharan Africa
   The Regional Economist, 2021
7. Should capital be taxed?
   Economics Letters, 2021, 200, (C) View citations (4)
   See also Working Paper (2020)
8. Time-inconsistent optimal quantity of debt
   European Economic Review, 2021, 140, (C) View citations (2)
   See also Working Paper (2021)

2020

9. A search-based neoclassical model of capital reallocation
   European Economic Review, 2020, 128, (C) View citations (4)
   See also Working Paper (2018)
10. Anecdotal Evidence Suggests State Capacity Unrelated to COVID-19 Spread
    The Regional Economist, 2020, 28, (4)
11. Is the Phillips Curve Still Alive?
    Review, 2020, 102, (2), 121-144 View citations (7)
12. The Changing Relationship between Trade and America’s Gold Reserves
    The Regional Economist, 2020, 28, (1)

2019

13. Changing Trade Relations May Affect U.S. Auto Exports in Long Run
    The Regional Economist, 2019, 27, (1)
14. Historical U.S. Trade Deficits
    Economic Synopses, 2019, (13)
15. 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)
16. Long and Plosser meet Bewley and Lucas
    Journal of Monetary Economics, 2019, 102, (C), 70-92 View citations (6)
    See also Working Paper (2018)
17. Macroeconomic effects of government spending in China
    Pacific Economic Review, 2019, 24, (3), 416-446 View citations (8)
    See also Working Paper (2013)
18. 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)
19. Withstanding the Great Recession Like China
    Manchester School, 2019, 87, (2), 138-182 View citations (14)
    See also Working Paper (2014)

2018

20. 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)
21. Housing Costs and Regional Income Inequality in China and the U.S
    The Regional Economist, 2018, 26, (2)
22. Income and Living Standards within the Eighth District
    The Regional Economist, 2018, 26, (1)
23. Understanding the Roots of the U.S. Trade Deficit
    The Regional Economist, 2018, 26, (3)
24. Understanding the Trade Imbalance and Employment Decline in U.S. Manufacturing
    Economic Synopses, 2018, (15), 1-3

2017

25. Does More Financial Development Lead to More or Less Volatility?
    The Regional Economist, 2017, 25, (2) View citations (1)
26. Looking for the Positives In Negative Interest Rates
    The Regional Economist, 2017, 25, (4)
27. Secured and Unsecured Debt Over the Business Cycle
    Economic Synopses, 2017, (1), 1-2
28. The Great Housing Boom of China
    American Economic Journal: Macroeconomics, 2017, 9, (2), 73-114 View citations (83)
    See also Working Paper (2015)
29. Two‐way Capital Flows and Global Imbalances
    Economic Journal, 2017, 127, (599), 229-269 View citations (6)

2016

30. China's Rapid Rise: From Backward Agrarian Society to Industrial Powerhouse in Just 35 Years
    The Regional Economist, 2016, (April)
31. Credit search and credit cycles
    Economic Theory, 2016, 61, (2), 215-239 View citations (15)
    See also Working Paper (2015)
32. Relative Income Traps
    Review, 2016, 98, (1), 41-60 View citations (4)
33. Self-Fulfilling Credit Cycles
    Review of Economic Studies, 2016, 83, (4), 1364-1405 View citations (31)
    See also Working Paper (2015)

2015

34. Money, liquidity and welfare
    European Economic Review, 2015, 76, (C), 1-24 View citations (24)
    See also Working Paper (2014)
35. Recovery from the Great Recession Has Varied around the World
    The Regional Economist, 2015, (Oct) View citations (4)
36. Sentiments and Aggregate Demand Fluctuations
    Econometrica, 2015, 83, 549-585 View citations (104)
    See also Working Paper (2012)
37. Trapped: Few Developing Countries Can Climb the Economic Ladder or Stay There
    The Regional Economist, 2015, (Oct) View citations (3)

2014

38. Food Prices and Inflation in China and the U.S. Are Following Similar Paths
    The Regional Economist, 2014
39. The liquidity trap: an alternative explanation for today's low inflation
    The Regional Economist, 2014 View citations (1)
40. 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)
41. When and how to exit quantitative easing?
    Review, 2014, 96, (3), 243-265 View citations (6)

2013

42. Leveraged Borrowing and Boom-Bust Cycles
    Review of Economic Dynamics, 2013, 16, (4), 617-633 View citations (22)
    See also Working Paper (2013)
43. Low inflation in a world of securitization
    Economic Synopses, 2013
44. The great Chinese housing boom
    Economic Synopses, 2013 View citations (10)

2012

45. 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)
46. 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)
47. OPEC's oil exporting strategy and macroeconomic (in)stability
    Energy Economics, 2012, 34, (1), 132-136 View citations (9)
    See also Working Paper (2011)
48. Okun’s law: a meaningful guide for monetary policy?
    Economic Synopses, 2012 View citations (5)
49. Reducing the U.S. deficit by recycling capital inflows
    Economic Synopses, 2012
50. Speculative Bubbles and Financial Crises
    American Economic Journal: Macroeconomics, 2012, 4, (3), 184-221 View citations (35)
    See also Working Paper (2009)

2011

51. 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)
52. Dynamics of externalities: a second-order perspective
    Review, 2011, 93, (May), 187-206
    See also Working Paper (2008)
53. Input and Output Inventory Dynamics
    American Economic Journal: Macroeconomics, 2011, 3, (4), 181-212 View citations (33)
    See also Working Paper (2011)
54. Monetary policy's effects on unemployment
    Economic Synopses, 2011
55. Oil price shocks and inflation risk
    Economic Synopses, 2011 View citations (5)
56. RMB appreciation and U.S. inflation risk
    Economic Synopses, 2011
57. Understanding the Effects of Technology Shocks
    Review of Economic Dynamics, 2011, 14, (4), 705-724 View citations (12)
    See also Software Item (2010)
58. Volatility, growth, and welfare
    Journal of Economic Dynamics and Control, 2011, 35, (10), 1696-1709 View citations (13)

2010

59. Economic growth and the global savings glut
    Economic Synopses, 2010
60. Money supply, credit expansion, and housing price inflation
    Economic Synopses, 2010
61. Why aren't the Chinese buying more American goods?
    Economic Synopses, 2010
62. Why do people dislike inflation?
    Economic Synopses, 2010

2009

63. Can monetary policy affect GDP growth?
    Economic Synopses, 2009 View citations (1)
64. Global indeterminacy in locally determinate real business cycle models
    International Journal of Economic Theory, 2009, 5, (1), 49-60 View citations (14)

2008

65. A NOTE ON OIL DEPENDENCE AND ECONOMIC INSTABILITY
    Macroeconomic Dynamics, 2008, 12, (5), 717-723 View citations (6)
    See also Working Paper (2007)
66. Imperfect competition and indeterminacy of aggregate output
    Journal of Economic Theory, 2008, 143, (1), 519-540 View citations (17)
    See also Working Paper (2007)
67. Why do Chinese households save so much?
    International Economic Trends, 2008, (Aug) View citations (4)

2007

68. By force of demand: Explaining international comovements
    Journal of Economic Dynamics and Control, 2007, 31, (1), 1-23 View citations (21)
69. Granger causality and equilibrium business cycle theory
    Review, 2007, 89, (May), 195-206 View citations (2)
    See also Working Paper (2006)
70. Inflation dynamics: A cross-country investigation
    Journal of Monetary Economics, 2007, 54, (7), 2004-2031 View citations (40)
    See also Working Paper (2006)
71. Oil shocks and price stability
    Monetary Trends, 2007, (Dec)
72. Production and Inventory Behavior of Capital
    Annals of Economics and Finance, 2007, 8, (1), 95-112
    See also Working Paper (2005)
73. The U.S. consumption boom and trade deficit
    National Economic Trends, 2007, (Oct)
74. 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)
75. Uniform Working Hours and Structural Unemployment
    Annals of Economics and Finance, 2007, 8, (1), 113-136 View citations (2)
    See also Working Paper (2005)
76. 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

77. 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)
78. Demand shocks and economic fluctuations
    Economics Letters, 2006, 90, (3), 378-383 View citations (10)
    See also Working Paper (2006)
79. The quantity theory of money
    Monetary Trends, 2006, (Nov)
80. The seasonal cycle and the business cycle
    National Economic Trends, 2006, (Jul)

2005

81. 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)
82. Understanding the inventory cycle
    Journal of Monetary Economics, 2005, 52, (8), 1533-1555 View citations (51)
    See also Working Paper (2002)

2004

83. 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)
84. 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

85. The business cycle effects of Christmas
    Journal of Monetary Economics, 2002, 49, (6), 1289-1314 View citations (15)

2001

86. A generalized method of impulse identification
    Economics Letters, 2001, 73, (3), 367-374 View citations (2)
87. Residential Investment and Economic Growth
    Annals of Economics and Finance, 2001, 2, (2), 437-444 View citations (7)
88. 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

89. A simple nonlinear filter for economic time series analysis
    Economics Letters, 1999, 64, (2), 151-160 View citations (7)

1998

90. Can a real business cycle model pass the Watson test?
    Journal of Monetary Economics, 1998, 42, (1), 185-203 View citations (18)
91. Capacity Utilization under Increasing Returns to Scale
    Journal of Economic Theory, 1998, 81, (1), 7-36 View citations (230)
92. Indeterminacy, dynamic adjustment costs, and cycles
    Economics Letters, 1998, 59, (2), 213-216 View citations (14)
93. Investment cycles
    Journal of Economic Dynamics and Control, 1998, 22, (7), 1139-1165 View citations (23)

Chapters

2017

1. Uncertainty and Sentiment-Driven Equilibria
   Springer View citations (2)
   See also Working Paper (2013)

Software Items

2021

1. 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

2. 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

3. 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

4. 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

1. China Economic Review
   Elsevier