文一

Names

first:	Yi
last:	Wen
in English:	Yi Wen

Contact

email:
homepage:	https://research.stlouisfed.org/econ/wen/

Affiliations

• Federal Reserve Bank of St. Louis → Research Division
  • website
  • location: St. Louis, Missouri (United States)

Research profile

author of:

• Cyclical Implications of the Variable Utilization of Physical and Human Capital
  by David N. DeJong & Beth F. Ingram & Yi Wen & Charles H. Whiteman
• What's unique about the federal funds rate? evidence from a spectral perspective
  by Lucio Sarno & Daniel L. Thornton & Yi Wen
• Capacity Utilization under Increasing Returns to Scale
  by Wen, Yi
• A simple nonlinear filter for economic time series analysis
  by Wen, Yi & Zeng, Bing
• Understanding self-fulfilling rational expectations equilibria in real business cycle models
  by Wen, Yi
• Can a real business cycle model pass the Watson test?
  by Wen, Yi
• Indeterminacy, aggregate demand, and the real business cycle
  by Benhabib, Jess & Wen, Yi
• A generalized method of impulse identification
  by Wen, Yi
• The business cycle effects of Christmas
  by Wen, Yi
• Investment cycles
  by Wen, Yi
• Indeterminacy, dynamic adjustment costs, and cycles
  by Wen, Yi
• The multiplier: a general equilibrium analysis of multi-stage-fabrication economy with inventories
  by Yi Wen
• The effectiveness of monetary policy: an assessment
  by Yi Wen
• Measuring interest rates as determined by thrift and productivity
  by Woon Gyu Choi & Yi Wen
• Understanding the large negative impact of oil shocks
  by Luis Aguiar-Conraria & Yi Wen
• Wavelet: a new tool for business cycle analysis
  by Sharif Md. Raihan & Yi Wen & Bing Zeng
• Durable good inventories and the volatility of production: explaining the less volatile U.S. economy
  by Yi Wen
• Granger causality and equilibrium business cycle theory
  by Yi Wen
• Another look at sticky prices and output persistence
  by Pengfei Wang & Yi Wen
• By force of demand: explaining international comovements and the saving-investment correlation puzzle
  by Yi Wen
• Where's the beef? the trivial dynamics of real business cycle models
  by Yi Wen
• Foreign trade and equilibrium indeterminacy
  by Luis Aguiar-Conraria & Yi Wen
• Labor hoarding and inventories
  by Yi Wen
• Uniform working hours and structural unemployment
  by Haoming Liu & Yi Wen & Lijing Zhu
• Production and inventory behavior of capital
  by Yi Wen
• Endogenous money or sticky prices?--comment on monetary non-neutrality and inflation dynamics
  by Wang, Peng-fei & Wen, Yi
• Cyclical Implications of the Variable Utilization of Physical and Human Capital.
  by Ingram, B. F. & DeJong, D. N. & Whiteman, C. H. & Wen, Y.
• Understanding the inventory cycle
  by Wen, Yi
• Inflation dynamics: a cross-country investigation
  by Pengfei Wang & Yi Wen
• Solving linear difference systems with lagged expectations by a method of undetermined coefficients
  by Pengfei Wang & Yi Wen
• Demand shocks and economic fluctuations
  by Wen, Yi
• Imperfect competition and indeterminacy of aggregate output
  by Pengfei Wang & Yi Wen
• Imperfect competition and sunspots
  by Pengfei Wang & Yi Wen
• Understanding the Impact of Oil Shocks
  by Luís Francisco Aguiar-Conraria & Yi Wen
• Foreign Trade and Equilibrium Indeterminacy
  by Luís Francisco Aguiar-Conraria & Yi Wen
• Demand shocks and economic fluctuations
  by Yi Wen
• Endogenous volatility, endogenous growth, and large welfare gains from stabilization policies
  by Pengfei Wang & Yi Wen
• The seasonal cycle and the business cycle
  by Yi Wen
• Another look at sticky prices and output persistence
  by Wang, Peng-fei & Wen, Yi
• A note on oil dependence and economic instability
  by Luis Aguiar-Conraria & Yi Wen
• By force of demand: Explaining international comovements
  by Wen, Yi
• The quantity theory of money
  by Yi Wen
• Oil Dependence and Economic Instability
  by Luís Francisco Aguiar-Conraria & Yi Wen
• Understanding the Large Negative Impact of Oil Shocks
  by LUÕS AGUIAR-CONRARIA & YI WEN
• Understanding the puzzling effects of technology shocks
  by Pengfei Wang & Yi Wen
• Granger causality and equilibrium business cycle theory
  by Yi Wen
• What's Unique About the Federal Funds Rate? Evidence from a Spectral Perspective*
  by Lucio Sarno & Daniel L. Thornton & Yi Wen
• Global indeterminacy in locally determinate RBC models
  by Tarek Coury & Yi Wen
• Incomplete information and self-fulfilling prophecies
  by Pengfei Wang & Yi Wen
• The U.S. consumption boom and trade deficit
  by Luke M. Shimek & Yi Wen
• Inflation dynamics: A cross-country investigation
  by Wang, Pengfei & Wen, Yi
• Oil shocks and price stability
  by Luke M. Shimek & Yi Wen
• Input and output inventory dynamics
  by Yi Wen
• Why do Chinese households save so much?
  by Luke M. Shimek & Yi Wen
• Resuscitating the credit cycle
  by Patrick A. Pintus & Yi Wen
• Durable Goods Inventories and the Volatility of Production: Explaining the Less Volatile U.S. Economy
  by Wen, Yi
• Fickle Consumers versus Random Technology: Explaining Domestic and International Comovements
  by Wen, Yi
• Endogenous Money or Sticky Price? Comment on Monetary Non-neutrality and Inflation Dynamics
  by Wang, Peng-fei & Wen, Yi
• The Power of Demand: A General Equilibrium Analysis of Multi-Stage-Fabrication Economy with Inventories
  by Wen, Yi
• Durable Goods Inventories and the Volatility of Production: A Puzzle
  by Wen, Yi
• Understanding the Impact of Oil Shocks
  by Aguiar-Conraria, Luis & Wen, Yi
• Foreign Trade and Equilibrium Indeterminacy
  by Aguiar-Conraria, Luis & Wen, Yi
• Granger Causality and Equilibrium Business Cycle Theory
  by Wen, Yi
• Indeterminacy, Aggregate Demand, and the Real Business Cycle
  by Benhabib, Jess & Wen, Yi
• General Equilibrium Analysis of the Supply of Capital
  by Wen, Yi
• On the Optimal Volume of Labor Hoarding
  by Wen, Yi
• Demand-Driven Business Cycles: Explaining Domestic and International Comovements
  by Wen, Yi
• Another Look at Sticky Prices and Output Persistence
  by Wang, Peng-fei & Wen, Yi
• Understanding the Inventory Cycle: I. Partial Equilibrium Analysis
  by Wen, Yi
• Understanding the Inventory Cycle
  by Wen, Yi
• Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations? Comment
  by Wen, Yi
• Why Does Consumption Lead the Business Cycle?
  by Wen, Yi
• Uniform Working Hours: A Culprit of Structural Unemployment
  by Wen, Yi & Zhu, Lijing & Liu, Haoming
• What Does It Take to Explain Procyclical Productivity
  by Wen, Yi
• Dynamics of externalities: a second-order perspective
  by Yi Wen & Huabin Wu
• Inventories, liquidity, and the macroeconomy
  by Yi Wen
• A NOTE ON OIL DEPENDENCE AND ECONOMIC INSTABILITY
  by Aguiar-Conraria, LuÃs & Wen, Yi
• Global indeterminacy in locally determinate real business cycle models
  by Tarek Coury & Yi Wen
• Imperfect competition and indeterminacy of aggregate output
  by Wang, Pengfei & Wen, Yi
• Can monetary policy affect GDP growth?
  by Yi Wen
• Inventory accelerator in general equilibrium
  by Pengfei Wang & Yi Wen
• Speculative bubbles and financial crisis
  by Pengfei Wang & Yi Wen
• An analytical approach to buffer-stock saving
  by Yi Wen
• Financial development and economic volatility: a unified explanation
  by Pengfei Wang & Yi Wen
• When does heterogeneity matter?
  by Yi Wen
• Liquidity and welfare in a heterogeneous-agent economy
  by Yi Wen
• What Does It Take to Explain Procyclical Productivity?
  by Wen Yi
• Saving and growth under borrowing constraints explaining the \"high saving rate\" puzzle
  by Yi Wen
• Dissecting Taylor rules in a structural VAR
  by Woon Gyu Choi & Yi Wen
• Money supply, credit expansion, and housing price inflation
  by Yi Wen
• Measuring Interest Rates as Determined by Thrift and Productivity
  by Choi, Woon Gyu & Wen, Yi
• Understanding the Effects of Technology Shocks
  by Pengfei Wang & Yi Wen
• Optimal money demand in a heterogeneous-agent cash-in-advance economy
  by Yi Wen
• Economic growth and the global savings glut
  by Yi Wen
• Liquidity demand and welfare in a heterogeneous-agent economy
  by Yi Wen
• Code and data files for "Understanding the Effects of Technology Shocks"
  by Pengfei Wang & Yi Wen
• Why aren't the Chinese buying more American goods?
  by Yi Wen
• Why do people dislike inflation?
  by Yi Wen
• Leveraged borrowing and boom-bust cycles
  by Patrick A. Pintus & Yi Wen
• Hayashi meets Kiyotaki and Moore: a theory of capital adjustment costs
  by Pengfei Wang & Yi Wen
• Can rising housing prices explain China’s high household saving rate?
  by Xin Wang & Yi Wen
• Leveraged financing, over investment, and boom-bust cycles
  by Patrick-Antoine Pintus & Yi Weng
• Input and output inventory dynamics
  by Yi Wen
• Making sense of China’s excessive foreign reserves
  by Yi Wen
• The Business Cycle Effects of Seasonal Shocks
  by Wen, Yi
• Can rising housing prices explain China’s high household saving rate?
  by Xin Wang & Yi Wen
• Understanding Self-Fulfilling Rational Expectations Equilibria in Real Business Cycle Models
  by Wen, Yi
• OPEC´s Oil Exporting Strategy and Macroeconomic (In)Stability
  by Luís Francisco Aguiar & Yi Wen
• Monetary policy's effects on unemployment
  by Yi Wen
• Residential Investment and Economic Growth
  by Yi Wen
• OPEC’s oil exporting strategy and macroeconomic (in)stability
  by Luis Aguiar-Conraria & Yi Wen
• When do inventories destabilize the economy? an analytical approach to (S,s) policies
  by Pengfei Wang & Yi Wen & Zhiwei Xu
• Dynamics of externalities: a second-order perspective
  by Yi Wen & Huabin Wu
• Production and Inventory Behavior of Capital
  by Yi Wen
• Volatility, growth, and welfare
  by Wang, Peng-fei & Wen, Yi
• Code files for "Hayashi Meets Kiyotaki and Moore: A Theory of Capital Adjustment Costs"
  by Pengfei Wang & Yi Wen
• RMB appreciation and U.S. inflation risk
  by Mingyu Chen & Yi Wen
• Uniform Working Hours and Structural Unemployment
  by Haoming Liu & Yi Wen & Lijing Zhu
• Oil price shocks and inflation risk
  by Mingyu Chen & Yi Wen
• Hayashi Meets Kiyotaki and Moore: A Theory of Capital Adjustment
  by Pengfei Wang & Yi Wen
• Making sense of China’s astronomical foreign reserves
  by Yi Wen
• Input and Output Inventory Dynamics
  by Yi Wen
• Capital, finance, and trade collapse
  by Yang Jiao & Yi Wen
• Okun’s law: a meaningful guide for monetary policy?
  by Mingyu Chen & Yi Wen
• Sentiments and Aggregate Demand Fluctuations
  by Jess Benhabib & Pengfei Wang & Yi Wen
• Oil dependence and Economic Instability
  by Yi Wen & Luis Aguiar-Conraria
• Speculative Bubbles and Financial Crises
  by Pengfei Wang & Yi Wen
• Reducing the U.S. deficit by recycling capital inflows
  by Yi Wen
• Two-way capital flows and global imbalances: a neoclassical approach
  by Pengfei Wang & Yi Wen & Zhiwei Xu
• Housing prices and the high Chinese saving rate puzzle
  by Wang, Xin & Wen, Yi
• A Defense of RBC:Understanding the Puzzling Effects of Technology Shocks
  by Yi Wen & Pengfei Wang
• Financial Development and Economic Volatility:A Unified Explanation
  by Yi Wen & Pengfei Wang
• Uncertainty and Sentiment-Driven Equilibria
  by Jess Benhabib & Pengfei Wang & Yi Wen
• Liquidity and welfare
  by Yi Wen
• Low inflation in a world of securitization
  by Brett W. Fawley & Yi Wen
• Uncertainty and sentiment-driven equilibria
  by Jess Benhabib & Pengfei Wang & Yi Wen
• The great Chinese housing boom
  by Brett W. Fawley & Yi Wen
• OPEC's oil exporting strategy and macroeconomic (in)stability
  by Aguiar-Conraria, Luís & Wen, Yi
• Sentiments and aggregate demand fluctuations
  by Jess Benhabib & Pengfei Wang & Yi Wen
• Leveraged Borrowing and Boom-Bust Cycles
  by Patrick Pintus & Yi Wen
• Multiplier Effects of Government Spending: A Tale of China
  by Yi Wen & Xin Wang
• When Do Inventories Destabilize the Economy? ---A Tractable Approach to (S,s) Policies
  by Zhiwei Xu & Yi Wen & pengfei Wang
• Liquidity and Welfare
  by Yi Wen
• Macroeconomic Effects of Government Spending in China
  by Xin Wang & Yi Wen
• Housing prices and the high Chinese saving rate puzzle
  by Xin Wang & Yi Wen
• Financial development and long-run volatility trends
  by Pengfei Wang & Yi Wen & Zhiwei Xu
• Money, liquidity and welfare
  by Yi Wen
• Withstanding great recession like China
  by Yi Wen & Jing Wu
• The liquidity trap: an alternative explanation for today's low inflation
  by Maria A. Arias & Yi Wen
• QE: when and how should the Fed exit?
  by Yi Wen
• The great housing boom of China
  by Kaiji Chen & Yi Wen
• When and how to exit quantitative easing?
  by Yi Wen
• Food Prices and Inflation in China and the U.S. Are Following Similar Paths
  by Maria A. Arias & Yi Wen
• Institutions Do Not Rule: Reassessing the Driving Forces of Economic Development
  by Jinfeng Luo & Yi Wen
• Self-Fulfilling Credit Cycles
  by Costas Azariadis & Leo Kaas & Yi Wen
• The Making of an Economic Superpower―Unlocking China’s Secret of Rapid Industrialization
  by Yi Wen
• Self-Fulfilling Credit Cycles
  by Costas Azariadis & Leo Kaas & Yi Wen
• Two-Way Capital Flows and Global Imbalances: A Neoclassical Approach
  by Zhiwei XU & Yi Wen & pengfei Wang
• What inventories tell us about aggregate fluctuations—A tractable approach to (S,s) policies
  by Wang, Pengfei & Wen, Yi & Xu, Zhiwei
• Evaluating unconventional monetary policies -why aren’t they more effective?
  by Yi Wen
• Sentiments and Aggregate Demand Fluctuations
  by Jess Benhabib & Pengfei Wang & Yi Wen
• Self-Fulfilling Credit Cycles
  by Costas Azariadis & Leo Kaas & Yi Wen
• Money, liquidity and welfare
  by Wen, Yi
• Credit Search and Credit Cycles
  by Feng Dong & Pengfei Wang & Yi Wen
• Trapped: Few Developing Countries Can Climb the Economic Ladder or Stay There
  by Maria A. Arias & Yi Wen
• Recovery from the Great Recession Has Varied around the World
  by Maria A. Arias & Yi Wen
• Interest Rate Dynamics, Variable-Rate Loan Contracts, and the Business Cycle
  by Patrick A. Pintus & Yi Wen & Xiaochuan Xing
• The great housing boom of China
  by Kaiji Chen & Yi Wen
• Relative Income Traps
  by Maria A. Arias & Yi Wen
• China's Rapid Rise: From Backward Agrarian Society to Industrial Powerhouse in Just 35 Years
  by Yi Wen
• The Visible Hand: The Role of Government in China’s Long-Awaited Industrial Revolution
  by George E. Fortier & Yi Wen
• The Visible Hand: The Role of Government in China’s Long-Awaited Industrial Revolution
  by George E. Fortier & Yi Wen
• The Inverted Leading Indicator Property and Redistribution Effect of the Interest Rate
  by Patrick A. Pintus & Yi Wen & Xiaochuan Xing
• Secured and Unsecured Debt Over the Business Cycle
  by Maria A. Arias & Yi Wen
• Does More Financial Development Lead to More or Less Volatility?
  by Maria A. Arias & Yi Wen
• Optimal Monetary Policy under Negative Interest Rate
  by Feng Dong & Yi Wen
• Optimal Ramsey Capital Income Taxation —A Reappraisal
  by YiLi Chien & Yi Wen
• Flight to What? — Dissecting Liquidity Shortages in the Financial Crisis
  by Feng Dong & Yi Wen
• Interest Rate Dynamics, Variable-Rate Loans, and the Business Cycle
  by Yi Wen & Xiaochuan Xing & Patrick Pintus
• Self-Fulfilling Credit Cycles
  by Costas Azariadis & Leo Kaas & Yi Wen
• The Great Housing Boom of China
  by Kaiji Chen & Yi Wen
• Credit search and credit cycles
  by Feng Dong & Pengfei Wang & Yi Wen
• The Inverted Leading Indicator Property and Redistribution Effect of the Interest Rate.
  by P. A. Pintus & Y. Wen & X. Xing
• Leveraged Borrowing and Boom-Bust Cycles
  by Patrick A. Pintus & Yi Wen
• Financial Development and Long-Run Volatility Trends
  by Pengfei Wang & Yi Wen & Zhiwei Xu
• Escaping the Middle-Income Trap: A Cross-Country Analysis on the Patterns of Industrial Upgrading
  by Lili Wang & Yi Wen
• Long and Plosser Meet Bewley and Lucas
  by Feng Dong & Yi Wen
• International Credit Markets and Global Business Cycles
  by Patrick A. Pintus & Yi Wen & Xiaochuan Xing
• Looking for the Positives In Negative Interest Rates
  by Brian Reinbold & Yi Wen
• Income and Living Standards within the Eighth District
  by Brian Reinbold & Yi Wen
• Housing Costs and Regional Income Inequality in China and the U.S.
  by Brian Reinbold & Yi Wen
• Understanding the Trade Imbalance and Employment Decline in U.S. Manufacturing
  by Brian Reinbold & Yi Wen
• A Search-Based Neoclassical Model of Capital Reallocation
  by Feng Dong & Pengfei Wang & Yi Wen
• Understanding the Roots of the U.S. Trade Deficit
  by Brian Reinbold & Yi Wen
• Don’t Tax Capital — Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences
  by YiLi Chien & Yi Wen
• Code and data files for "Financial Development and Long-Run Volatility Trends"
  by Pengfei Wang & Yi Wen & Zhiwei Xu
• International Credit Markets and Global Business Cycles
  by Patrick A. Pintus & Yi Wen & Xiaochuan Xing
• International Credit Markets and Global Business Cycles
  by Patrick Pintus & Yi Wen & Xiaochuan Xing
• Withstanding the Great Recession Like China
  by Yi Wen & Jing Wu
• Two‐way Capital Flows and Global Imbalances
  by Pengfei Wang & Yi Wen & Zhiwei Xu
• Changing Trade Relations May Affect U.S. Auto Exports in Long Run
  by Brian Reinbold & Yi Wen
• International credit markets and global business cycles
  by Patrick A. Pintus & Yi Wen & Xiaochuan Xing
• Macroeconomic effects of government spending in China
  by Xin Wang & Yi Wen
• International credit markets and global business cycles
  by Patrick Pintus & Yi Wen & Xiaochuan Xing
• The visible hand: the role of government in China’s long-awaited industrial revolution
  by Yi Wen & George E. Fortier
• Long and Plosser meet Bewley and Lucas
  by Dong, Feng & Wen, Yi
• Don't Tax Capital---Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences
  by YiLi Chien & Yi Wen
• Time-Varying Networks and the Efficacy of Money Without Sticky Prices
  by Feng Dong & Yi Wen
• What Does Financial Crisis Tell Us About Exporter Behavior and Credit Reallocation?
  by Yang Jiao & Yi Wen
• Optimal Fiscal Policies under Market Failures
  by YiLi Chien & Yi Wen
• The Determination of Public Debt under both Aggregate and Idiosyncratic Uncertainty
  by YiLi Chien & Yi Wen
• Historical U.S. Trade Deficits
  by Brian Reinbold & Yi Wen
• Are Government Bonds Net Wealth or a Liability? ---Optimal Debt and Taxes in an OLG Model with Uninsurable Income Risk
  by YiLi Chien & Yi Wen & HsinJung Wu
• The Changing Relationship between Trade and America’s Gold Reserves
  by Brian Reinbold & Yi Wen
• Is the Phillips Curve Still Alive?
  by Brian Reinbold & Yi Wen
• Understanding the Large Negative Impact of Oil Shocks
  by LUÍS AGUIAR‐CONRARIA & YI WEN
• Dissecting Taylor Rules in a Structural VAR
  by Woon Gyu Choi & Yi Wen
• Should Capital Be Taxed?
  by Yunmin Chen & YiLi Chien & Yi Wen & C. C. Yang
• Time-Inconsistent Optimal Quantity of Debt
  by YiLi Chien & Yi Wen
• Anecdotal Evidence Suggests State Capacity Unrelated to COVID-19 Spread
  by Iris Arbogast & Brian Reinbold & Yi Wen
• The Poverty of Macroeconomics --- What the Chemical Revolution Tells Us about Neoclassical Production Function
  by Yi Wen
• Why Might Lump-sum Transfers Not Be a Good Idea?
  by Yunmin Chen & YiLi Chien & Yi Wen & C. C. Yang

editor of:

• China Economic Review
  edited by B. M. Fleisher & K. X. D. Huang & M. E. Lovely & Y. Wen & X. Zhang & X. Zhu