WebSep 28, 2016 · Wu, Jing Cynthia and Zhang, Ji, A Shadow Rate New Keynesian Model (August 8, 2024). Chicago Booth Research Paper No. 16-18, PBCSF-NIFR Research … WebThe full details of the Wu and Xia model are described in their accompanying paper. In short, the shadow rate is assumed to be a linear function of three latent variables called factors, which follow a VAR (1) …
Wu-Xia Shadow Federal Funds Rate
WebJing Cynthia Wu Chicago Booth and NBER Fan Dora Xia Merrill Lynch Cynthia Wu (Chicago Booth & NBER) and Dora Xia (Merrill Lynch) 1 / 39. ... Model t GSW Data: monthly 1990-2013; maturities: 3m, 6m, 1y, 2y, 5y, 7y, 10y Estimation: Kalman lters details Log likelihood values speci cation WebJing Cynthia Wu Chicago Booth and NBER Ji Zhang Tsinghua PBCSF First draft: June 17, 2016 Current draft: August 8, 2024. Abstract We propose a tractable and coherent … def con dos wikipedia
The Four Equation New Keynesian Model - Federal …
WebJing Cynthia Wu 吴菁 December 2024 ... “The Four Equation New Keynesian Model” with Eric Sims and Ji Zhang, The Review of Economics and Statistics, forthcoming. 19. “Reconstructing the Yield Curve” with Yan Liu, Journal of Financial Economics, 2024, 142 (3), 1395-1425. 18. “Evaluating Central Banks’ Tool Kit: Past, Present, and ... WebJing Cynthia Wu Chicago Booth and NBER Ji Zhang Tsinghua PBCSF First draft: June 17, 2016 Current draft: August 8, 2024 Abstract We propose a tractable and coherent framework that captures both conventional and unconventional monetary policies with the shadow fed funds rate. WebJing Cynthia Wu University of Notre Dame - Department of Economics Notre Dame, IN 46556 United States National Bureau of Economic Research (NBER) 1050 Massachusetts Avenue Cambridge, MA 02138 United States Contact Learn more about SSRN Profiles SCHOLARLY PAPERS 27 DOWNLOADS Rank 4,111 14,537 SSRN CITATIONS Rank … feed and grow fish sperm whale