Jun Nie, Professor at the Economic and Management School of Wuhan University. He received bachelor degrees in both economics and mathematics from Wuhan University. He also holds a master degree and a doctor degree in economics from New York University. Broadly speaking, his research expertise is macroeconomics. Specifically, he conducts research in three areas. In the first area, he studies the effects of uncertainty on macroeconomics, including both model uncertainty and state uncertainty. In the second area, he quantitatively evaluates the effects of labor-market policies using structural models and micro data. In the third area, he works on GDP forecasting and the Chinese economy.

He has published papers on a wide range of top economic journals including The Economic Journal, Journal of Economic Theory, Journal of International Economics, Journal of European Economic Association, European Economic Review, Review of Economic Dynamics, and Journal of Economic Dynamics and Control. His research has been reported by main stream media including Wall Street Journal, Reuters, Bloomberg, Business Insider, Brookings, CNN, CBSNEWS, Market Morning Report, China Daily, Yahoo Finance. He is also a co-editor of Annals of Economics and Finance.  

TEACHING AND RESEARCH AREAS

Ÿ Teaching courses:Macroeconomics; Intermediate macroeconomics; Advanced Macroeconomic Topics

Ÿ Research Areas : Macroeconomics; Monetary Policy; International Economics; Chinese Economy

SELECTED PUBLICATIONS

Academic Papers

1. Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism, with Qichun He, Yulei Luo, and Heng-fu Zou, Review of Economic Dynamics, 47, 346-372, 2023

2. Ignorance, Uncertainty, and Strategic Asset Allocation, with Yulei Luo and Haijun Wang, Journal of Economic Theory ,199:105204, 2022

3. Forecasting US Economic Growth in Downturns Using Cross-Country Data, with Yifei Lyu and Shu-Kuei X. Yang, Economics Letters, 198, January 2021

4. Ambiguity, Low Risk-Free Rates, and Consumption Inequality, with Yulei Luo and Eric R.Young,  Economic Journal, 130 (632), 2649-2679, 2020

5. Rational Inattention and the Dynamics of Consumption and Wealth in General Equilibrium, with Yulei Luo, Gaowang Wang, Eric R.Young, Journal of Economic Theory, 172, 55-87, 2017

6. Elastic Attention, Risk Sharing, and International Comovements, with Wei Li and Yulei Luo Journal of Economic Dynamics and Control, 79, 1-20 (Lead Article), 2017

7. Slow Information Diffusion and the Inertial Behavior of Durable Consumption, with Yulei Luo and Eric R. Young, Journal of European Economic Association, 13(5), 805-840, 2015

8. Model Uncertainty and Intertemporal Tax Smoothing, with Yulei Luo and Eric R. Young Journal of Economic Dynamics and Control, 45, 289-314, 2014

9. Robust Control, Informational Frictions, and International Consumption Correlations, with Yulei Luo and Eric R. Young, European Economic Review, 67, 1-27 (Lead Article), 2014

10. Model Uncertainty, State Uncertainty, and State-space Models, with Yulei Luo and Eric R. Young,  State-Space Models: Applications in Finance and Economics, Wu, Shu and Yong Zeng (eds.),  2013, Springer Press

11. Robustness, Information-Processing Constraints, and the Current Account in Small Open Economies, with Yulei Luo and Eric R. Young, Journal of International Economics, 2012, 88(1), 104-120

12. Unemployment Insurance during a Pandemic, with Lei Fang and Zoe Xie, Federal Reserve Bank of Kansas City Working Paper 20-07 under review

13. On the Perverse Effect of Capital Account Liberalization: the Role of Labor Market Rigidity, with Qingyuan Du and Shang-Jin Wei, Federal Reserve Bank of Kansas City Working Paper 19-11, under review

14. Forecasting Foreign Economic Growth Using Cross-Country Data, with Craig S. Hakkio, Federal Reserve Bank of Kansas City Working Paper 18-14

15. Growth and Welfare Gains from Financial Integration under Model Uncertainty, with Yulei Luo and Eric R.Young, Federal Reserve Bank of Kansas City Working Paper 18-12 under review

16. Human Capital Dynamics and the U.S. Labor Market, with Lei Fang, Federal Reserve Bank of Kansas City Working Paper 13-10

17. Wealth Distribution with State-Dependent Risk Aversion, with Rong-wei Chu and Bei Zhang, Federal Reserve Bank of Kansas City Working Paper 13-09 under review

18. Training or Search? Some Evidence and an Equilibrium Model, Federal Reserve Bank of Kansas City Working Paper 10-03

19. Production and Inventory Dynamics under Ambiguity Aversion, with Yulei Luo, Xiaowen Wang, and Eric R. Young, Federal Reserve Bank of Kansas City Working Paper 21-05 under review

20. Spirit of Capitalism and Consumption Inequality, with Yulei Luo and Heng-fu Zou, Federal Reserve Bank of Kansas City Working Paper 21-17, under review

21. Attention Allocation and Heterogenous Consumption Responses, with Yulei Luo and Penghui Yin, Federal Reserve Bank of Kansas City Working Paper 22-07

22. Downward Wage Rigidity and Recession Dynamics in Advanced and Emerging Economies, with Johannes C. Matschke, Federal Reserve Bank of Kansas City Working Paper 22-10

23. Ignorance and Household Finance: When the Expected Return is Unknown, with Yulei Luo and Chenchuan Shi, in progress

Academic Papers in Chinese

1.“美国经济复苏与特朗普新政”，《清华金融评论》，2017年6月

2.“中国经济增长是否到达了拐点？”《中国经济报告》，2018年第1期

3.“如何判断宏观经济的走势”，《中国货币市场》，2017年第3期

RESEARCH GRANTS

l “Short-Run and Long-Run Effect of Training in a Search Model with Human Capital”  Institute for Employment Research (IAB), Federal Employment Agency (BA), Germany, June 2007 – May 2009, with Thomas J. Sargent

EDITORIAL BOARDS

Co-Editor, Annals of Economics and Finance   2020-present

SEMINAR AND CONFERENCE PRESENTATIONS (in recent 5 years)

Federal Reserve Bank of Kansas City(2022), China International Macroeconomic Conference (2022), FRB System Macroeconomic Meetings (2021), FRB Brownbag Seminar (2021), China Meetings of Econometric Society (2021), International Conference on Computing in Economics and Finance (2021), Texas A&M (2020), Virtual East Asia Macroeconomic Seminar (2020), University of Nebraska Omaha (2020), Federal Reserve Bank of Kansas City (2020), NYU Economics Alumni Conference (2019), North America Chinese Economic Society (2019), University of Missouri-Columbus (2019), University of Connecticut (2019), Cheung Kong Graduate School of Business (2019), Wuhan University (2019), China International Macroeconomic Conference (2019), Shanghai Macroeconomics Workshop (2019), Zhejiang University (2019), Southwestern University of Finance and Economics (2019), Federal Reserve Bank of San Francisco (2018), Federal Reserve Board (2018), University of California at Santa Barbara (2018), North America Chinese Economic Society (2018), Hong Kong Monetary Authority (2018), China International Macroeconomic Conference (2018), Tsinghua University PBC School of Finance (2018), Chinese University of Hong Kong in Shenzhen (2018), Sargent Institute of Quantitative Economics and Finance (2018) , International Conference on Computing in Economics and Finance (2017), University of Hong Kong (2017), Peking University (2017), Fudan University (2017), Chinese University of Hong Kong in Shenzhen (2017), Zhongnan University of Economics and Law (2017),  People’s Bank of China (2017), Northeastern Illinois University (2017)

REFEREEING

· Journal of Economic Theory

· Journal of International Economics

· Journal of Econometrics

· Quantitative Economics

· Review of Economics and Statistics

· Journal of Economic Dynamics and Controls (Outstanding Contribution in Reviewing, awarded in March 2018)

· Journal of Banking and Finance

· Macroeconomic Dynamics

· Economic Letters

· China Economic Review

· BEJ Macro

· Journal of Statistical Software

· Annual of Economics and Financ