Min Wei

Curriculum Vitae (Adobe PDF format)              my FRB website and Google Scholar site

Working Papers

• NEW!  "Inflation Disagreement Weakens the Power of Monetary Policy" (with Ding Dong, Zheng Liu, and Pengfei Wang), August 2024.

• "Macroeconomic Effects of Large-Scale Asset Purchases: New Evidence" (with Kyungmin Kim and Thomas Laubach), August 2023. 

• "Why Does the Yield Curve Predict GDP Growth? The Role of Banks" (with Camelia Minoiu and Andres Schneider), July 2023. 

Publications

• “Flights to Safety” (with Lieven Baele, Geert Bekaert, and Koen Inghelbrecht), 2020, Review of Financial Studies, 33(20), 689-746. 

  • • • Daily FTS Dummies for 23 countries, updated October 16, 2023.

• "Expectations about the Federal Reserve's Balance Sheet and the Term Structure of Interest Rates" (with Jane Ihrig, Elizabeth Klee, Canlin Li, and Brett Schulte), 2018, International Journal of Central Banking, 14(2), 341-390.

• "Tips from TIPS: the informational content of Treasury Inflation-Protected Security prices" (with Stefania D'Amico and Don H. Kim), 2018, Journal of Financial and Quantitative Analysis, 53(1), 395-436.  Here's a supplementary appendix.

  • • • Most recent estimates, updated monthly.

• "Term Structure Modeling with Supply Factors and the Federal Reserve's Large Scale Asset Purchase Programs" (with Canlin Li), 2013, International Journal of Central Banking, 9(1), 3-39.

• "Reverse Regressions and Long-Horizon Forecasting" (with Jonathan Wright), 2013, Journal of Applied Econometrics, 28(3), 353-371.

• "Evolving Macroeconomic Perceptions and the Term Structure of Interest Rates" (with Athanasios Orphanides), Journal of Economic Dynamics and Control, 2012, 36(2), 239-254. Here is a web appendix.

• "The Term Structure of Real Rates and Expected Inflation" (with Geert Bekaert and Andrew Ang), 2008, Journal of Finance, 63(2), 797-849.

• "Uncovered Interest Rate Parity and the Term Structure" (with Geert Bekaert and Yuhang Xing), 2007, Journal of International Money and Finance, 26(6), 1038-1069.

• "Do Macro Variables, Asset Markets or Surveys Forecast Inflation Better?" (with Andrew Ang and Geert Bekaert), 2007, Journal of Monetary Economics, 54(4), 1163-1212.

• "What does the Yield Curve Tell us about GDP Growth?" (with Andrew Ang and Monika Piazzesi), 2006, Journal of Econometrics, 131(1-2), 359-403.

Policy Publications

• "What Drove Recent Trends in Corporate Bonds and Loans Usage?" (with Jacob Bochner and Jie Yang), October 2020, FEDS Notes.

• “Measuring the Natural Rate of Interest: The Role of Inflation Expectations” (with David Lopez-Salido, Gerardo Sanz-Maldonado, and Carly Schippits), June 2020, FEDS Notes.

• “Tips from TIPS: Update and Discussions” (with Don Kim and Cait Walsh), May 2019, FEDS Notes.

• “Projected Evolution of the SOMA Portfolio and the 10-year Treasury Term Premium Effect” (with Brian Bonis and Jane Ihrig), September 2017, FEDS Notes.

• "The Effect of the Federal Reserve’s Securities Holdings on Longer-term Interest Rates" (with Brian Bonis and Jane Ihrig), April 2017, FEDS Notes. Here is the most recent update.

• "Macroeconomic Sources of Recent Interest Rate Fluctuations" (with Stefania D'Amico and Thomas King), June 2016, FEDS Notes.

Conference Proceedings 

• "Comments on 'Determinants of Asia-Pacific government bond yields'", BIS Papers chapters, in: Bank for International Settlements (ed.), Asia-Pacific Fixed Income Markets: Evolving Structure, Participation and Pricing, 2019, 102, 41-44. 

Permanent Working Papers

• "Human Capital, Business Cycles and Asset Pricing", 2005. Here is a Technical Appendix.