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

On the Wedge Between the PPI and CPI Inflation Indicators

Staff Working Paper 2022-5 Shang-Jin Wei, Yinxi Xie
We find that the CPI and PPI inflation indexes co-moved strongly throughout the late 20th century, but their correlation has fallen substantially since the early 2000s. We offer a structural explanation for this divergence based on the growth of global supply chains since 2000. This finding offers a unique perspective for the future design of optimal monetary policy.

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.

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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).