Education
Ph.D. Economics
University of Iowa
1996<
M.A. Philosophy of Science
Notre Dame University
Southbend, Indiana
1991
B.S. Medical Sciences
West China University of Medical Sciences
1987
Contact Info
Phone: (314) 444-8559
Fax: (314) 444-8731
Email: Yi.Wen@stls.frb.org
Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442
For media inquiries contact:
Ben C. Hardaway
mediainquiries@stls.frb.org
Office: (314) 444-8783
Cell: (314) 341-2714
Yi Wen
Assistant Vice President
Published Papers
"Hayashi Meets Kiyotaki and Moore: A Theory of Capital Adjustment Costs"
with Pengfei Wang
FORTHCOMING: Review of Economic Dynamics
"Speculative Bubbles and Financial Crisis"
with Pengfei Wang
FORTHCOMING: American Economic Journal: Macroeconomics
"OPEC's Oil Exporting Strategy and Macroeconomic (In)Stability"
with Luís Aguiar-Conraria
FORTHCOMING: Energy Economics
"Understanding the Effects of Technology Shocks"
with Pengfei Wang
Review of Economic Dynamics, October 2011, 14(4), pp. 705-24.
"Input and Output Inventory Dynamics"
American Economic Journal: Macroeconomics, October 2011, 3(4), pp. 1-33.
"Volatility, Growth, and Welfare"
with Pengfei Wang
Journal of Economic Dynamics and Control, October 2011, 35(10), pp. 1696-1709.
"Global Indeterminacy in Locally Determinate RBC Models"
with Tarek Coury
International Journal of Economic Theory, March 2009, 5(1), pp. 49-60.
"A Note on Oil Dependence and Economic Instability"
with Luís Aguiar-Conraria
Macroeconomic Dynamics, November 2008, 12(5), pp. 717-23.
"Imperfect Competition and Indeterminacy of Aggregate Output"
with Pengfei Wang
Journal of Economic Theory, November 2008, 143(1), pp. 519-40.
"Inflation Dynamics: A Cross-Country Investigation"
with Pengfei Wang
Journal of Monetary Economics, October 2007, 54(7), pp. 2004-31.
"Production and Inventory Behavior of Capital"
Annals of Economics and Finance, May 2007, 8(1), pp. 87-104.
"Uniform Working Hours and Structural Unemployment"
with Haoming Liu and Lijing Zhu
Annals of Economics and Finance, May 2007, 8(1), pp. 113-36.
"Measuring Interest Rates as Determined by Thrift and Productivity"
with Woon Gyu Choi
Annals of Economics and Finance, May 2007, 8(1), pp. 159-87.
"Understanding the Large Negative Impact of Oil Shocks"
with Luís Aguiar-Conraria
Journal of Money, Credit and Banking, June 2007, 39(4), pp. 925-44.
"What's Unique About the Federal Funds Rate? Evidence From a Spectral Perspective"
with Lucio Sarno and Daniel L. Thornton
Oxford Bulletin of Economics and Statistics, April 2007, 69(2), pp. 293-319.
Articles Published by the Federal Reserve Bank of St. Louis
"Dynamics of Externalities: A Second-Order Perspective"
with Huabin Wu
Federal Reserve Bank of St. Louis Review, May/June 2011, 93(3), pp. 187-206.
"Can Rising Housing Prices Explain China’s High Household Saving Rate?"
with Xin Wang
Federal Reserve Bank of St. Louis Review, March/April 2011, 93(2), pp. 67-88.
"Granger Causality and Equilibrium Business Cycle Theory"
Federal Reserve Bank of St. Louis Review, May/June 2007, 89(3), pp. 195-205.
Working Papers
"Capital, Finance, and Trade Collapse"
with Yang Jiao
Working Paper 2012-003A posted February 2012
"Explaining China's Trade Imbalance Puzzle"
Working Paper 2011-018A posted August 2011
"When Do Inventories Destabilize the Economy? An Analytical Approach to (S,s) Policies"
with Pengfei Wang and Zhiwei Xu
Working Paper 2011-014A posted May 2011
"Making Sense of China’s Excessive Foreign Reserves"
Working Paper 2011-006A posted February 2011
"Can Rising Housing Prices Explain China’s High Household Saving Rate?"
with Xin Wang
Working Paper 2010-048A posted November 2010
"Leveraged Borrowing and Boom-Bust Cycles"
with Patrick A. Pintus
Working Paper 2010-027B posted August 2010
"Lucas meets Baumol and Tobin"
Working Paper 2010-014B posted June 2010
"Liquidity Demand and Welfare in a Heterogeneous-Agent Economy"
Working Paper 2010-009A posted March 2010
"Dissecting Taylor Rules in a Structural VAR"
with Woon Gyu Choi
Working Paper 2010-005A posted January 2010
Editorial Activities
Associate Editor, Macroeconomic Dynamics, November 2009-present.
Associate Editor, Journal of Economic Dynamics and Control, January 2010-present.
Commentary
"Why Aren’t the Chinese Buying More American Goods?"
Federal Reserve Bank of St. Louis International Economic Trends - Annual Edition, July 2010.
"Why Do People Dislike Inflation?"
Federal Reserve Bank of St. Louis Monetary Trends, June 2010.
"Economic Growth and the Global Savings Glut"
Federal Reserve Bank of St. Louis International Economic Trends, May 2010.