Skip to the content.

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.

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, and the interaction of structural transformation and the business cycle.

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 visited the Federal Reserve Bank of Chicago and the Federal Reserve Bank of Minneapolis.

Email: jfwieland@ucsd.edu

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

Research Statement

[2018, PDF]

Working Papers

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

Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates [PDF], with Jacob Orchard and Valerie Ramey.

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]

Publications

Replication Files

Forward Guidance and Durable Goods Demand [PDF], with Alisdair McKay.
Forthcoming at American Economic Review: Insight.

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.

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.

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.

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

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

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

Are Negative Supply Shocks Expansionary at the Zero Lower Bound? [PDF]
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
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.
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
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
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
Review of Economic Studies, 2012, 79(4): 1371–1406.

Data and Replication Files

Updated Romer-Romer Monetary shocks (deposit on OpenICPSR)

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

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

Replication files for Secular Labor Reallocation and Business Cycles

Replication files for Financial Dampening [coming soon]

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

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

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

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

Replication files for Abenomics: Preliminary Analysis and Outlook

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