Johannes Wieland is Associate Professor of Economics and holder of the Distinguished Endowed Chair in Macroeconomics and Public Finance at the University of California, San Diego.

For the AY 2024-25 he is visiting the Federal Reserve Bank of San Francisco as Senior Research Advisor.

His primary research interests include macroeconomics, international economics, economic history, and public finance. Specific topics of interest include the monetary transmission mechanism, the Great Depression, Abenomics, the interaction of structural transformation and the business cycle, the efficacy of fiscal policy, and the macroeconomic effects of remote work.

Prof Wieland earned a BA at the University of Cambridge, UK, an MPhil at the University of Oxford, UK, and a PhD at the University of California, Berkeley. He is a Research Associate at the National Bureau of Economic Research and Associate Editor at the Journal of Monetary Economics and the Review of Economic Dynamics. He has previously worked for the Federal Reserve Bank of Chicago and consulted for the Federal Reserve Bank of Minneapolis and the Federal Reserve Bank of San Francisco.

Email: jfwieland@ucsd.edu

9500 Gilman Dr. #0508
La Jolla
CA 92093-0508
U.S.A.

Research Statement

[2024, PDF] [2018, PDF]

Working Papers

  1. Housing Demand and Remote Work [PDF], with John Mondragon.

  2. Using Macro Counterfactuals to Assess Plausibility: An Illustration using the 2001 Rebate MPCs [PDF], with Jacob Orchard and Valerie Ramey.
    R&R at The Economic Journal

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

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

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

Publications

Replication Files

  1. Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates [PDF], with Jacob Orchard and Valerie Ramey.
    Accepted at Quarterly Journal of Economics

  2. Measuring Work From Home in the Cross-Section [PDF], with Agustus Kmetz and John Mondragon.
    American Economic Papers and Proceedings, Forthcoming.

  3. Forward Guidance and Durable Goods Demand [PDF], with Alisdair McKay.
    American Economic Review: Insight, Vol. 4, No. 1, March 2022, pp. 106-22.

  4. Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy [PDF], with Alisdair McKay
    Econometrica, Vol. 89, Issue 6, November 2021, pp. 2717-2749.

  5. Farm Prices, Redistribution, and the Early U.S. Great Depression [PDF], with Joshua Hausman and Paul Rhode
    Journal of Economic History [lead article], Vol. 81 , Issue 3 , September 2021 , pp. 649 - 687.

  6. Abenomics, Monetary Policy, and Consumption, with Joshua Hausman and Takashi Unayama
    The Political Economy of the Abe Government and Abenomics, Lipscy, Phillip and Hoshi, Takeo, editors, Chapter 6. Cambridge University Press.

  7. Secular Labor Reallocation and Business Cycles [PDF], with Gabriel Chodorow-Reich
    Journal of Political Economy, June 2020, pp. 2245-2287.

  8. Financial Dampening [PDF], with Mu-Jeung Yang
    Journal of Money, Credit and Banking, February 2020, pp. 79-113.

  9. Abenomics, The Housing Market, and Consumption [PDF], with Joshua Hausman and Takashi Unayama
    Keizai Bunseki [The Economic Analysis], Issue 200, pp. 37-62.

  10. Are Negative Supply Shocks Expansionary at the Zero Lower Bound? [PDF]
    Journal of Political Economy [lead article], June 2019, pp. 973-1007.

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

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

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

  14. 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.

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

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

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

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

  19. 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
    Review of Economic Studies, 2012, 79(4): 1371–1406.

Policy Publications

  1. Remote Work and Housing Demand [PDF], with Augustus Kmetz and John Mondragon
    FRBSF Economic Letter, 2022, 26: 1–5.

Data and Replication Files

  1. Updated Romer-Romer Monetary shocks:
    1.a. Github
    1.b. Stable Deposit on ICPSR

  2. Replication files for Using Macro Counterfactuals to Assess Plausibility: An Illustration using the 2001 Rebate MPCs

  3. Replication files for Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates

  4. Replication files for Measuring Work From Home in the Cross-Section

  5. Replication files for Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy

  6. Replication files for Farm Prices, Redistribution, and the Early U.S. Great Depression

  7. Replication files for Secular Labor Reallocation and Business Cycles

  8. Replication files for Financial Dampening [coming soon]

  9. Replication files for Are Negative Supply Shocks Expansionary at the Zero Lower Bound?

  10. Replication files for Recovery from the Great Depression: The Farm Channel in Spring 1933

  11. Replication files for Supply-side policies in the Depression: Evidence from France [coming soon]

  12. Replication files for Overcoming the lost decades? Abenomics after three years

  13. Replication files for Abenomics: Preliminary Analysis and Outlook

  14. Replication files for The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the ZLB?