Bio

Yinxi Xie is a Senior Economist in the Model Development Division of the Canadian Economic Analysis Department. His research interests lie in the fields of Monetary Economics, International Macroeconomics, Behavioral Macroeconomics, and International Finance. Yinxi receives his Ph.D. in Economics from Columbia University, USA.

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Staff working papers

Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight

Staff Working Paper 2021-51 Michael Woodford, Yinxi Xie
How do outcomes of monetary and fiscal stabilization policies at the zero lower bound change when decision makers have finite planning horizons in the economy? We explore the effects of limited foresight on policy tools and the interaction between monetary and fiscal policy.
Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Central bank research, Fiscal policy, Monetary policy JEL Code(s): E, E5, E52, E6, E63, E7

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Journal publications

Refereed journals

  • "Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight"
    (with Michael Woodford), Journal of Monetary Economics, forthcoming 2021.
  • "Monetary Policy in an Era of Global Supply Chains"
    (with Shang-Jin Wei), Journal of International Economics, 124: 103299 (2020).
  • "Policy Options at the Zero Lower Bound When Foresight is Limited"
    (with Michael Woodford), AEA Papers and Proceedings, 109: 433-437 (2019).
  • "Machiavellian Experimentation"
    (with Xie Yang), Journal of Comparative Economics, 45(4): 685-711 (2017).