About the Researcher(s)/Author(s)

Eric R. Sims is a professor of economics at the University of Notre Dame and an NBER research associate affiliated with the Monetary Economics Program. He earned his PhD in economics from the University of Michigan in 2009. His research covers a variety of topics within macroeconomics, including the roles of news, uncertainty, and confidence in business cycles; fiscal policy and fiscal multipliers; and optimal monetary policy, particularly unconventional policies at the zero lower bound.

Sims’ work has been published in leading academic journals, such as the American Economic Review, the Journal of Monetary Economics, the American Economic Journal: Macroeconomics, and the Review of Economics and Statistics, among others. Sims currently serves as an associate editor at the Journal of Monetary Economics. At Notre Dame, where he has been since 2009, he teaches a variety of classes in macroeconomics at both the undergraduate and graduate levels, and currently serves as the department chairperson.

Jing Cynthia Wu is the Dillon Hall Associate Professor of Economics at the University of Notre Dame and an NBER research associate affiliated with the Monetary Economics Program. Wu earned a PhD in economics from the University of California, San Diego. Her research is at the intersection of monetary economics and asset pricing, with specialization in monetary policy, the zero lower bound, uncertainty, term structure of interest rates, and commodity futures markets. 

Wu has published in American Economic Review, Journal of Monetary Economics, Journal of Econometrics, Journal of International Economics, and International Economic Review, among other journals. She serves as an associate editor at The Review of Economics and Statistics and as a panelist at the National Science Foundation.

Her work has been cited by Federal Reserve Chairs Ben Bernanke, Janet Yellen, and Jerome Powell, as well as Bloomberg News/Businessweek/View, The Wall Street Journal, The Financial Times, Forbes, The New York Times, Business Insider and others. She proposed shadow interest rates to study the economic effects of unconventional monetary policy including quantitative easing. Her shadow rates are published by the Federal Reserve Bank of Atlanta, Haver Analytics, Thomson Reuters, and Bloomberg, and used for academic research and policy analyses.

Footnotes

1. “Evaluating Central Banks’ Tool Kit: Past, Present, and Future,” Sims E, Wu JC. NBER Working Paper 26040, July 2019. Forthcoming in Journal of Monetary Economics.   Go to ⤴︎
2. “The Reversal Interest Rate,” Brunnermeier M, Koby Y. NBER Working Paper 25406, December 2018.   Go to ⤴︎
3. “Evaluating Central Banks’ Tool Kit: Past, Present, and Future,” Sims E, Wu JC. NBER Working Paper 26040, July 2019. Forthcoming in Journal of Monetary Economics.   Go to ⤴︎
4. “Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound,” Wu, JC, Xia FD. NBER Working Paper 20117, May 2015, and Journal of Money, Credit, and Banking 48(2-3), March–April 2016, pp. 253–291.   Go to ⤴︎
5. “The Four Equation New Keynesian Model,” Sims E, Wu JC. NBER Working Paper 26067, July 2019.   Go to ⤴︎
6. “Are QE and Conventional Monetary Policy Substitutable?” Sims E, Wu JC.  International Journal of Central Banking 16(1), February 2020, pp. 195-230.   Go to ⤴︎
7. “New Economic Challenges and the Fed’s Monetary Policy Review,” Powell J. Speech at Jackson Hole Symposium, Aug. 27, 2020.   Go to ⤴︎
8. “The Four Equation New Keynesian Model,” Sims E, Wu JC, Zhang J. University of Notre Dame Working Paper, July 2020.   Go to ⤴︎
9. “Wall Street vs. Main Street QE,” Sims E, Wu JC. NBER Working Paper 27295, June 2020.   Go to ⤴︎
10. “Evaluating Central Banks’ Tool Kit: Past, Present, and Future,” Sims E, Wu JC. NBER Working Paper 26040, July 2019. Forthcoming in Journal of Monetary Economics.     Go to ⤴︎
11. “Earnings-Based Borrowing Constraints and Macroeconomic Fluctuations,” Dreschsel T. University of Maryland Working Paper, October 2020. Go to ⤴︎

More from NBER

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Retirement and Disability, and the Bulletin on Health — as well as online conference reports, video lectures, and interviews.

Economics of Digitization Figure 1
  • Article
The NBER Economics of Digitization Project, established in 2010 with support from the Alfred P. Sloan Foundation,...
claudiagoldinpromoimagelecture.png
  • Lecture
Claudia Goldin, the Henry Lee Professor of Economics at Harvard University and a past president of the American...
2020 Methods Lecture Promo Image
  • Lecture
The extent to which individual responses to household surveys are protected from discovery by outside parties depends...

NBER periodicals, and newsletters are not copyrighted and may be reproduced freely with appropriate attribution.