Johannes Wieland



Department of Economics
University of California, San Diego
9500 Gilman Dr. #0508
La Jolla
CA 92093-0508



Research Statement:


Working Papers:

Forward Guidance and Durable Goods Demand [PDF], with Alisdair McKay.

Farm Prices, Redistribution, and the Early U.S. Great Depression [PDF], with Joshua Hausman and Paul Rhode.
Revise and Resubmit at Journal of Economic History 

Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy [PDF], with Alisdair McKay.
Revise and Resubmit at Econometrica 

State-dependence of the Zero Lower Bound Government Spending Multiplier. [PDF]

Zero Lower Bound Government Spending Multipliers and Equilibrium Selection. [PDF]

Fiscal Multipliers at the Zero Lower Bound: International Theory and Evidence. [PDF]


Secular Labor Reallocation and Business Cycles [PDF], with Gabriel Chodorow-Reich [online appendix] [Replication files coming soon]
Accepted at Journal of Political Economy.

Financial Dampening [PDF], with Mu-Jeung Yang [updated Romer-Romer shocks (zip)][Replication materials]
Accepted at
 Journal of Money, Credit and Banking 

Abenomics, The Housing Market, and Consumption [PDF], with Joshua Hausman and Takashi Unayama
Forthcoming at
 Keizai Bunseki [The Economic Analysis] 

Are Negative Supply Shocks Expansionary at the Zero Lower Bound? [PDF] [Online Appendix] [Replication materials (zip)]
Journal of Political Economy [lead article], June 2019, pp. 973-1007.

Recovery from the Great Depression: The Farm Channel in Spring 1933 [PDF], with Joshua Hausman and Paul Rhode [Online appendix and replication materials]
American Economic Review Vol. 109, No. 2, February 2019, pp. 427-72.

Discussion of Optimal Monetary Policy and Fiscal Policy Interaction in a Non-Ricardian Economy [PDF]
International Journal of Central Banking, June 2018, 437-445.

Supply-side policies in the Depression: Evidence from France [PDF], with Jeremie Cohen-Setton and Joshua Hausman. [Replication materials (zip)]
Journal of Money, Credit and Banking, March 2017, 273-317.

Infrequent but Long-Lived Zero-Bound Episodes and the Optimal Rate of Inflation [PDF], with Marc Dordal i Carreras, Olivier Coibion and Yuriy Gorodnichenko.
Annual Review of Economics, 2016, 8, 497-52.

Overcoming the lost decades? Abenomics after three years [PDF], with Joshua Hausman [Replication materials (zip)]
Brookings Papers on Economic Activity, 2015, Fall, 385-431.

Discussion of Risk Management for Monetary Policy Near the Zero Lower Bound [PDF]
Brookings Papers on Economic Activity, Spring 2015, 207-214.

Discussion of Fiscal Policy and the Inflation Target [PDF]
International Journal of Central Banking, June 2014, 97-102.

Abenomics: Preliminary Analysis and Outlook [PDF], with Joshua Hausman [Replication materials (zip)]
Brookings Papers on Economic Activity, Spring 2014: 1-63.

The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the ZLB? [PDF] with Olivier Coibion and Yuriy Gorodnichenko [Online appendix and replication materials (zip)]
Review of Economic Studies, 2012, 79(4): 1371--1406.