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
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.
"By Force of Demand: Explaining International Comovements"
Journal of Economic Dynamics and Control, January 2007, 31(1), pp. 1-23.
"Another Look at Sticky Prices and Output Persistence"
with Pengfei Wang
Journal of Economic Dynamics and Control, December 2006, 30(12), pp. 2533-52.
"Demand Shocks and Economic Fluctuations"
Economics Letters, March 2006, 90(3), pp. 373-83.
"Understanding the Inventory Cycle"
Journal of Monetary Economics, November 2005, 52(8), pp. 1533-55.
"Endogenous Money or Sticky Prices? Comment on Monetary Non-Neutrality and Inflation Dynamics"
with Pengfei Wang
Journal of Economic Dynamics and Control, August 2005, 29(8), pp. 1361-83.
"Indeterminacy, Aggregate Demand, And The Real Business Cycle"
with Jess Benhabib
Journal Of Monetary Economics, April 2004, 51(3), pp. 503-30.
"What Does It Take To Explain Procyclical Productivity?"
Contributions To Macroeconomics, 2004, 4(1), pp. 1-38.
"The Business Cycle Effects Of Christmas"
Journal Of Monetary Economics, September 2002, 49(6), pp. 1289-314.
"Joint Time-Frequency Distributions for Business Cycle Analysis"
with Sharif Md. Raihan and Bing Zeng
Lecture Notes in Computer Science, December 2001, 2252(2001), pp. 347-58.
"A Generalized Method Of Impulse Identification"
Economics Letters, December 2001, 73(3), pp. 367-74.
"Residential Investment and Economic Growth"
Annals Of Economics And Finance, November 2001, 2(2), pp. 437-44.
"Understanding Self-Fulfilling Rational Expectations Equilibria In Real-Business-Cycle Models"
Journal Of Economic Dynamics And Control, August 2001, 25(8), pp. 1221-40.
"A Simple Nonlinear Filter For Economic Time Series Analysis"
with Bing Zeng
Economics Letters, August 1999, 64(2), pp. 151-60.
"Can A Real Business Cycle Model Pass The Watson Test?"
Journal Of Monetary Economics, August 1998, 42(1), pp. 185-203.
"Investment Cycles"
Journal Of Economic Dynamics And Control, May 1998, 22(7), pp. 1139-65.
"Capacity Utilization Under Increasing Returns To Scale"
Journal Of Economic Theory, July 1998, 81(1), pp. 7-36.
"Indeterminacy, Dynamic Adjustment Costs, And Cycles"
Economics Letters, May 1998, 59(2), pp. 213-16.