Details about Jing Cynthia Wu

Access statistics for papers by Jing Cynthia Wu.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: pwu111

Working Papers

2025

1. A Macroeconomic Model of Central Bank Digital Currency
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2024) View citations (1)

2024

2. Does Unconventional Monetary and Fiscal Policy Contribute to the COVID Inflation Surge in the US?
   Staff Working Papers, Bank of Canada
3. Does Unconventional Monetary and Fiscal Policy Contribute to the COVID Inflation Surge?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
4. The Role of International Financial Integration in Monetary Policy Transmission
   Staff Working Papers, Bank of Canada View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024) View citations (1)
   See also Journal Article The Role of International Financial Integration in Monetary Policy Transmission, IMF Economic Review, Palgrave Macmillan (2024) View citations (1) (2024)

2023

5. (Un)Conventional Monetary and Fiscal Policy
   Staff Working Papers, Bank of Canada
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (2)
   See also Journal Article Unconventional Monetary and Fiscal Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2025) (2025)

2022

6. Average Inflation Targeting: Time Inconsistency And Intentional Ambiguity
   Working Papers, Federal Reserve Bank of Cleveland View citations (1)
7. Average Inflation Targeting: Time Inconsistency and Ambiguous Communication
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   See also Journal Article Average inflation targeting: Time inconsistency and ambiguous communication, Journal of Monetary Economics, Elsevier (2023) View citations (1) (2023)
8. Unconventional Monetary Policy According to HANK
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)

2020

9. Reconstructing the Yield Curve
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
   See also Journal Article Reconstructing the yield curve, Journal of Financial Economics, Elsevier (2021) View citations (34) (2021)
10. Wall Street vs. Main Street QE
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2019

11. Evaluating Central Banks' Tool Kit: Past, Present, and Future
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article Evaluating Central Banks’ tool kit: Past, present, and future, Journal of Monetary Economics, Elsevier (2021) View citations (27) (2021)
12. Global Effective Lower Bound and Unconventional Monetary Policy
    2019 Meeting Papers, Society for Economic Dynamics View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (3)
    See also Journal Article Global effective lower bound and unconventional monetary policy, Journal of International Economics, Elsevier (2019) View citations (9) (2019)
    Chapter Global Effective Lower Bound and Unconventional Monetary Policy, NBER Chapters, National Bureau of Economic Research, Inc (2018) View citations (3) (2018)
13. The Four Equation New Keynesian Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article The Four-Equation New Keynesian Model, The Review of Economics and Statistics, MIT Press (2023) View citations (13) (2023)

2018

14. Negative Interest Rate Policy and the Yield Curve
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in BIS Working Papers, Bank for International Settlements (2018) View citations (18)
    See also Journal Article Negative interest rate policy and the yield curve, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2020) View citations (72) (2020)

2017

15. A shadow rate New Keynesian model
    2017 Meeting Papers, Society for Economic Dynamics View citations (27)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (6)
    See also Journal Article A shadow rate New Keynesian model, Journal of Economic Dynamics and Control, Elsevier (2019) View citations (58) (2019)

2016

16. Bond Risk Premia in Consumption-based Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Bond risk premia in consumption‐based models, Quantitative Economics, Econometric Society (2020) View citations (8) (2020)

2014

17. Effects of Index-Fund Investing on Commodity Futures Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article EFFECTS OF INDEX‐FUND INVESTING ON COMMODITY FUTURES PRICES, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2015) View citations (37) (2015)
18. Estimation of Affine Term Structure Models with Spanned or Unspanned Stochastic Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Estimation of affine term structure models with spanned or unspanned stochastic volatility, Journal of Econometrics, Elsevier (2015) View citations (35) (2015)
19. Inflation Announcements and Social Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in 2013 Meeting Papers, Society for Economic Dynamics (2013)
    See also Journal Article Inflation Announcements and Social Dynamics, Journal of Money, Credit and Banking, Blackwell Publishing (2017) View citations (8) (2017)
20. Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (111)
    See also Journal Article Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound, Journal of Money, Credit and Banking, Blackwell Publishing (2016) View citations (1326) (2016)
21. Monetary Policy Uncertainty and Economic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article MONETARY POLICY UNCERTAINTY AND ECONOMIC FLUCTUATIONS, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2017) View citations (84) (2017)

2013

22. Risk Premia in Crude Oil Futures Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article Risk premia in crude oil futures prices, Journal of International Money and Finance, Elsevier (2014) View citations (190) (2014)

2012

23. Identification and Estimation of Gaussian Affine Term Structure Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (119)
    See also Journal Article Identification and estimation of Gaussian affine term structure models, Journal of Econometrics, Elsevier (2012) View citations (128) (2012)

2011

24. Testable Implications of Affine Term Structure Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article Testable implications of affine term structure models, Journal of Econometrics, Elsevier (2014) View citations (28) (2014)
25. The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (74)
    See also Journal Article The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment, Journal of Money, Credit and Banking, Blackwell Publishing (2012) View citations (470) (2012)
26. Unbiased estimate of dynamic term structure models
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)

Journal Articles

2025

1. Unconventional Monetary and Fiscal Policy
   Review of Economic Dynamics, 2025, 56
   See also Working Paper (Un)Conventional Monetary and Fiscal Policy, Staff Working Papers (2023) (2023)
   Software Item Code and data files for "Unconventional Monetary and Fiscal Policy", Computer Codes (2024) (2024)

2024

2. The Role of International Financial Integration in Monetary Policy Transmission
   IMF Economic Review, 2024, 72, (3), 944-990 View citations (1)
   See also Working Paper The Role of International Financial Integration in Monetary Policy Transmission, Staff Working Papers (2024) View citations (1) (2024)

2023

3. Average inflation targeting: Time inconsistency and ambiguous communication
   Journal of Monetary Economics, 2023, 138, (C), 69-86 View citations (1)
   See also Working Paper Average Inflation Targeting: Time Inconsistency and Ambiguous Communication, NBER Working Papers (2022) View citations (1) (2022)
4. The Four-Equation New Keynesian Model
   The Review of Economics and Statistics, 2023, 105, (4), 931-947 View citations (13)
   See also Working Paper The Four Equation New Keynesian Model, NBER Working Papers (2019) View citations (24) (2019)
5. Wall Street QE vs. Main Street Lending
   European Economic Review, 2023, 156, (C) View citations (4)

2021

6. Evaluating Central Banks’ tool kit: Past, present, and future
   Journal of Monetary Economics, 2021, 118, (C), 135-160 View citations (27)
   See also Working Paper Evaluating Central Banks' Tool Kit: Past, Present, and Future, NBER Working Papers (2019) View citations (13) (2019)
7. Reconstructing the yield curve
   Journal of Financial Economics, 2021, 142, (3), 1395-1425 View citations (34)
   See also Working Paper Reconstructing the Yield Curve, NBER Working Papers (2020) View citations (5) (2020)

2020

8. Bond risk premia in consumption‐based models
   Quantitative Economics, 2020, 11, (4), 1461-1484 View citations (8)
   See also Working Paper Bond Risk Premia in Consumption-based Models, NBER Working Papers (2016) View citations (11) (2016)
9. Negative interest rate policy and the yield curve
   Journal of Applied Econometrics, 2020, 35, (6), 653-672 View citations (72)
   See also Working Paper Negative Interest Rate Policy and the Yield Curve, NBER Working Papers (2018) View citations (18) (2018)

2019

10. A shadow rate New Keynesian model
    Journal of Economic Dynamics and Control, 2019, 107, (C), - View citations (58)
    See also Working Paper A shadow rate New Keynesian model, 2017 Meeting Papers (2017) View citations (27) (2017)
11. Global effective lower bound and unconventional monetary policy
    Journal of International Economics, 2019, 118, (C), 200-216 View citations (9)
    See also Working Paper Global Effective Lower Bound and Unconventional Monetary Policy, 2019 Meeting Papers (2019) View citations (9) (2019)
    Chapter Global Effective Lower Bound and Unconventional Monetary Policy, NBER Chapters, 2018, 200-216 (2018) View citations (3) (2018)

2017

12. Inflation Announcements and Social Dynamics
    Journal of Money, Credit and Banking, 2017, 49, (8), 1673-1713 View citations (8)
    See also Working Paper Inflation Announcements and Social Dynamics, NBER Working Papers (2014) View citations (1) (2014)
13. MONETARY POLICY UNCERTAINTY AND ECONOMIC FLUCTUATIONS
    International Economic Review, 2017, 58, (4), 1317-1354 View citations (84)
    See also Working Paper Monetary Policy Uncertainty and Economic Fluctuations, NBER Working Papers (2014) View citations (4) (2014)

2016

14. Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound
    Journal of Money, Credit and Banking, 2016, 48, (2-3), 253-291 View citations (1326)
    See also Working Paper Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound, NBER Working Papers (2014) View citations (111) (2014)

2015

15. EFFECTS OF INDEX‐FUND INVESTING ON COMMODITY FUTURES PRICES
    International Economic Review, 2015, 56, (1), 187-205 View citations (37)
    See also Working Paper Effects of Index-Fund Investing on Commodity Futures Prices, NBER Working Papers (2014) View citations (11) (2014)
16. Estimation of affine term structure models with spanned or unspanned stochastic volatility
    Journal of Econometrics, 2015, 185, (1), 60-81 View citations (35)
    See also Working Paper Estimation of Affine Term Structure Models with Spanned or Unspanned Stochastic Volatility, NBER Working Papers (2014) View citations (1) (2014)

2014

17. Risk premia in crude oil futures prices
    Journal of International Money and Finance, 2014, 42, (C), 9-37 View citations (190)
    See also Working Paper Risk Premia in Crude Oil Futures Prices, NBER Working Papers (2013) View citations (12) (2013)
18. Term Premia and Inflation Uncertainty: Empirical Evidence from an International Panel Dataset: Comment
    American Economic Review, 2014, 104, (1), 323-37 View citations (76)
19. Testable implications of affine term structure models
    Journal of Econometrics, 2014, 178, (P2), 231-242 View citations (28)
    See also Working Paper Testable Implications of Affine Term Structure Models, NBER Working Papers (2011) View citations (9) (2011)

2012

20. Correcting Estimation Bias in Dynamic Term Structure Models
    Journal of Business & Economic Statistics, 2012, 30, (3), 454-467 View citations (169)
21. Identification and estimation of Gaussian affine term structure models
    Journal of Econometrics, 2012, 168, (2), 315-331 View citations (128)
    See also Working Paper Identification and Estimation of Gaussian Affine Term Structure Models, NBER Working Papers (2012) View citations (119) (2012)
22. The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment
    Journal of Money, Credit and Banking, 2012, 44, 3-46 View citations (470)
    Also in Journal of Money, Credit and Banking, 2012, 44, (s1), 3-46 (2012) View citations (95)
    See also Working Paper The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment, NBER Working Papers (2011) View citations (74) (2011)

Chapters

2018

1. Global Effective Lower Bound and Unconventional Monetary Policy
   A chapter in NBER International Seminar on Macroeconomics 2018, 2018, pp 200-216 View citations (3)
   See also Working Paper Global Effective Lower Bound and Unconventional Monetary Policy, Society for Economic Dynamics (2019) View citations (9) (2019)
   Journal Article Global effective lower bound and unconventional monetary policy, Elsevier (2019) View citations (9) (2019)

Software Items

2024

1. Code and data files for "Unconventional Monetary and Fiscal Policy"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Unconventional Monetary and Fiscal Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2025) (2025)