Bin Wei

Federal Reserve Bank of Atlanta

Financial Economist and Associate Policy Adviser

1000 Peachtree Street N.E.

Atlanta, GA 30309-4470

United States

http://https://www.frbatlanta.org/research/economists/wei-bin.aspx

  • Federal Reserve Bank of Atlanta

SCHOLARLY PAPERS

24

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6,680

TOTAL CITATIONS
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Top 4,773

in Total Papers Citations

147

Scholarly Papers (24)

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1.

Uncertainty, Risk, and Incentives: Theory and Evidence

Downloads 673 (82,108)
Citation 5

Uncertainty, Risk, and Incentives: Theory and Evidence

Sixth Singapore International Conference on Finance 2012 Paper
Number of pages: 38 Posted: 07 Nov 2010 Last Revised: 24 Feb 2013
Zhiguo He, Si Li, Bin Wei and Jianfeng Yu
Stanford University - Knight Management Center, Wilfrid Laurier University - School of Business & Economics, Federal Reserve Bank of Atlanta and Tsinghua University - PBC School of Finance
Downloads 387 (159,484)

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executive compensation, optimal contracting, learning, uncertainty, risk-incentive trade-off

Uncertainty, Risk, and Incentives: Theory and Evidence

Number of pages: 38 Posted: 17 Mar 2012 Last Revised: 24 Feb 2013
Zhiguo He, Si Li, Bin Wei and Jianfeng Yu
Stanford University - Knight Management Center, Wilfrid Laurier University - School of Business & Economics, Federal Reserve Bank of Atlanta and Tsinghua University - PBC School of Finance
Downloads 152 (403,958)

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executive compensation, optimal contracting, learning, uncertainty, risk-incentive trade-off

Uncertainty, Risk, and Incentives: Theory and Evidence

FEDS Working Paper No. 2013-18
Number of pages: 39 Posted: 09 Apr 2013
Zhiguo He, Si Li, Bin Wei and Jianfeng Yu
Stanford University - Knight Management Center, Wilfrid Laurier University - School of Business & Economics, Federal Reserve Bank of Atlanta and Tsinghua University - PBC School of Finance
Downloads 134 (447,787)
Citation 5

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Executive compensation, optimal contracting, learning, uncertainty, risk-incentive trade-off

2.

Quantifying ‘Quantitative Tightening’ (QT): How Many Rate Hikes Is QT Equivalent To?

Number of pages: 29 Posted: 24 May 2022
Bin Wei
Federal Reserve Bank of Atlanta
Downloads 558 (104,208)

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monetary policy, quantitative tightening, QT, quantitative easing, QE, rate hikes, preferred-habitat, reserves, reverse repo

3.

The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF

Downloads 512 (115,924)
Citation 34

The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF

Number of pages: 41 Posted: 09 Sep 2020 Last Revised: 25 Jan 2024
Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon Zakrajšek
New York University (NYU), Federal Reserve Bank of Atlanta, Emory University and Federal Reserve Bank of Boston
Downloads 333 (188,325)
Citation 9

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COVID-19, credit market support facilities, regression discontinuity, diff-in-diff, event study, purchase effects, preferred-habitat

The Fed Takes On Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF

FRB Atlanta Working Paper No. 2020-18
Number of pages: 33 Posted: 20 Apr 2021
Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon Zakrajšek
New York University (NYU), Federal Reserve Bank of Atlanta, Emory University and Federal Reserve Bank of Boston
Downloads 71 (692,576)

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COVID-19, credit market support facilities, regression discontinuity, diff-in-diff, event study, purchase effects

The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the Smccf

NBER Working Paper No. w27809
Number of pages: 34 Posted: 14 Sep 2020 Last Revised: 26 Jun 2023
Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon Zakrajšek
New York University (NYU), Federal Reserve Bank of Atlanta, Emory University and Federal Reserve Bank of Boston
Downloads 71 (692,576)
Citation 2

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The Fed Takes On Corporate Credit Risk: an Analysis of the Efficacy of the SMCCF

FRB of Boston Working Paper No. 24-2
Number of pages: 46 Posted: 28 Mar 2024
Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon Zakrajšek
New York University (NYU), Federal Reserve Bank of Atlanta, Emory University and Federal Reserve Bank of Boston
Downloads 36 (949,699)
Citation 9

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COVID-19, SMCCF, credit spreads, credit market support facilities, event study, purchase effects, preferred habitat

The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF

CEPR Discussion Paper No. DP15258
Number of pages: 36 Posted: 12 Sep 2020
Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon Zakrajšek
New York University (NYU), Federal Reserve Bank of Atlanta, Emory University and Federal Reserve Bank of Boston
Downloads 1 (1,357,171)
Citation 14
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COVID-19, credit market support facilities, diff-in-diff, event study, purchase effects, Regression Discontinuity

4.

Ambiguity Aversion and Variance Premium

Downloads 508 (116,984)
Citation 21

Ambiguity Aversion and Variance Premium

Number of pages: 41 Posted: 17 Mar 2012 Last Revised: 16 May 2012
Jianjun Miao, Bin Wei and Hao Zhou
Boston University - Department of Economics, Federal Reserve Bank of Atlanta and Tsinghua University - PBC School of Finance
Downloads 376 (164,750)
Citation 12

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Ambiguity aversion, learning, variance premium, regime-shift, belief distortion, return predictability

Ambiguity Aversion and Variance Premium

FRB Atlanta Working Paper No. 2018-14
Number of pages: 41 Posted: 31 Jan 2019 Last Revised: 29 Apr 2020
Jianjun Miao, Bin Wei and Hao Zhou
Boston University - Department of Economics, Federal Reserve Bank of Atlanta and Tsinghua University - PBC School of Finance
Downloads 132 (453,359)
Citation 9

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ambiguity aversion, learning, variance premium, regime shifts, belief distortion

5.

Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries

Downloads 254 (118,697)

Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries

FRB International Finance Discussion Paper No. 1049
Number of pages: 42 Posted: 19 Jul 2012 Last Revised: 23 Jul 2012
Samir Jahjah, Vivian Z. Yue and Bin Wei
International Monetary Fund - INS, Emory University and Federal Reserve Bank of Atlanta
Downloads 254 (250,356)

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Sovereign Bond Spread, Exchange Rate Regime, Overvaluation, Debt Crisis

6.

Optimal Long-Term Contracting with Learning

Downloads 454 (133,917)
Citation 33

Optimal Long-Term Contracting with Learning

Chicago Booth Research Paper No. 12-36, Fama-Miller Working Paper
Number of pages: 58 Posted: 25 Jan 2012 Last Revised: 09 Oct 2016
Zhiguo He, Bin Wei, Jianfeng Yu and Feng Gao
Stanford University - Knight Management Center, Federal Reserve Bank of Atlanta, Tsinghua University - PBC School of Finance and Tsinghua University
Downloads 342 (182,970)
Citation 7

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Executive Compensation, Moral Hazard, Bayesian Learning, Hidden Information, Belief Manipulation, Private Savings, Continuous Time, Stock Options

Optimal Long-Term Contracting with Learning

FRB Atlanta Working Paper No. 2016-10
Number of pages: 58 Posted: 10 Nov 2016 Last Revised: 30 Aug 2017
Zhiguo He, Bin Wei, Jianfeng Yu and Feng Gao
Stanford University - Knight Management Center, Federal Reserve Bank of Atlanta, Tsinghua University - PBC School of Finance and Tsinghua University
Downloads 112 (516,179)
Citation 26

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executive compensation, moral hazard, Bayesian learning, hidden information, belief manipulation, private savings, continuous time, stock options

7.

Endogenous Events and Long Run Returns

Downloads 445 (137,226)
Citation 20

Endogenous Events and Long Run Returns

Number of pages: 54 Posted: 31 Jan 2005
S. Viswanathan and Bin Wei
Duke University - Fuqua School of Business and Federal Reserve Bank of Atlanta
Downloads 445 (135,659)
Citation 20

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Event studies, long run returns, pseudo-market timing, financial econometrics, unit roots

Endogenous Events and Long-Run Returns

Review of Financial Studies, Vol. 21, Issue 2, pp. 855-888, 2008
Posted: 26 Jun 2008
S. Viswanathan and Bin Wei
Duke University - Fuqua School of Business and Federal Reserve Bank of Atlanta

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G14, G32

8.

Financial Intermediation Chains in an OTC Market

Management Science, Forthcoming
Number of pages: 49 Posted: 14 Mar 2015 Last Revised: 27 Apr 2020
Ji Shen, Bin Wei and Hongjun Yan
London School of Economics & Political Science (LSE), Federal Reserve Bank of Atlanta and DePaul University
Downloads 437 (140,153)
Citation 13

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Search, Chain, Financial Intermediation, Multiplicity, Stability.

9.

The Two-Pillar Policy for the RMB

Downloads 414 (149,257)
Citation 5

The Two-Pillar Policy for the RMB

FRB Atlanta Working Paper No. 2019-8
Number of pages: 49 Posted: 26 Apr 2019 Last Revised: 29 Apr 2020
Urban J. Jermann, Bin Wei and Vivian Z. Yue
University of Pennsylvania - Finance Department, Federal Reserve Bank of Atlanta and Emory University
Downloads 218 (290,843)
Citation 5

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exchange rate policy, two-pillar policy, managed float, Chinese currency, renminbi, RMB, central parity, RMB index

The Two-Pillar Policy for the RMB

Number of pages: 49 Posted: 18 Apr 2019
Urban J. Jermann, Bin Wei and Vivian Z. Yue
University of Pennsylvania - Finance Department, Federal Reserve Bank of Atlanta and Emory University
Downloads 196 (321,753)

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Exchange Rate Policy, Two-Pillar Policy, Managed Float, Chinese Currency, Renminbi, RMB, Central Parity, RMB Index

10.

A Model of Portfolio Delegation and Strategic Trading

Number of pages: 47 Posted: 17 Mar 2009 Last Revised: 16 Jul 2010
Albert S. Kyle, Hui Ou-Yang and Bin Wei
University of Maryland, Cheung Kong Graduate School of Business and Federal Reserve Bank of Atlanta
Downloads 373 (167,775)
Citation 9

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Portfolio Delegation, Information Acquisition, Strategic Trading, Price Informativeness

11.

Liquidity Backstops and Dynamic Debt Runs

Downloads 264 (242,202)
Citation 3

Liquidity Backstops and Dynamic Debt Runs

Number of pages: 70 Posted: 17 Jun 2015
Bin Wei and Vivian Z. Yue
Federal Reserve Bank of Atlanta and Emory University
Downloads 179 (350,010)
Citation 3

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Liquidity Backstop, Debt Run

Liquidity Backstops and Dynamic Debt Runs

FRB Atlanta Working Paper No. 2015-13
Number of pages: 60 Posted: 10 Dec 2015 Last Revised: 30 Aug 2017
Bin Wei and Vivian Z. Yue
Federal Reserve Bank of Atlanta and Emory University
Downloads 85 (624,282)

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liquidity backstops, debt run

12.

Forecasts of Inflation and Interest Rates in No-Arbitrage Affine Models

FRB Atlanta Working Paper No. 2016-3
Number of pages: 44 Posted: 10 Feb 2016 Last Revised: 30 Aug 2017
Nikolay Gospodinov and Bin Wei
Federal Reserve Banks - Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 220 (289,692)

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bond prices, TIPS, inflation derivatives, oil prices, no-arbitrage, affine models, out-of-sample forecasting

13.

Managerial Ability, Open-End Fund Flows, and Closed-End Fund Discounts

Number of pages: 47 Posted: 13 Nov 2007
Bin Wei
Federal Reserve Bank of Atlanta
Downloads 220 (289,692)

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Open-End Fund Flows, Closed-End Fund Discounts, Managerial Ability, Asymmetric Information

14.

Financial Intermediation Chains in an OTC Market

FRB Atlanta Working Paper No. 2018-15
Number of pages: 66 Posted: 04 Feb 2019 Last Revised: 29 Apr 2020
Ji Shen, Bin Wei and Hongjun Yan
Peking University, Federal Reserve Bank of Atlanta and DePaul University
Downloads 204 (311,224)

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search, chain, financial intermediation, multiplicity, stability

15.

Quantifying Forward Guidance and Yield Curve Control

Downloads 196 (322,836)
Citation 1

Quantifying Forward Guidance and Yield Curve Control

Number of pages: 36 Posted: 09 Jan 2024 Last Revised: 17 Jan 2024
Junko Koeda and Bin Wei
Waseda University - School of Political Science and Economics and Federal Reserve Bank of Atlanta
Downloads 144 (422,406)
Citation 1

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Forward guidance, effective lower bound (ELB), liftoff, term structure, shadow rate, macro finance, unspanned macro factors, yield curve control, Japan

Quantifying Forward Guidance and Yield Curve Control

FRB Atlanta Working Paper No. 2024-8
Number of pages: 41 Posted: 02 Dec 2024
Junko Koeda and Bin Wei
Waseda University - School of Political Science and Economics and Federal Reserve Bank of Atlanta
Downloads 52 (811,993)

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forward guidance, effective lower bound (ELB), liftoff, term structure, shadow rate, macro finance, unspanned macro factors, yield curve control, Japan

16.

Sovereign Risk and Financial Risk

Downloads 182 (345,552)

Sovereign Risk and Financial Risk

Number of pages: 43 Posted: 01 Feb 2022
Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon Zakrajšek
New York University (NYU), Federal Reserve Bank of Atlanta, Emory University and Federal Reserve Bank of Boston
Downloads 95 (581,446)

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Sovereign bonds, CDS, Global financial risk, Excess bond premium, Global financial cycle

Sovereign Risk and Financial Risk

FRB Atlanta Working Paper No. 2021-27
Number of pages: 43 Posted: 13 Dec 2021
Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon Zakrajšek
New York University (NYU), Federal Reserve Bank of Atlanta, Emory University and Federal Reserve Bank of Boston
Downloads 49 (834,694)

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sovereign bonds, CDS, global financial risk, excess bond premium, global financial cycle

Sovereign Risk and Financial Risk

NBER Working Paper No. w29501
Number of pages: 44 Posted: 23 Nov 2021 Last Revised: 16 Apr 2023
Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon Zakrajšek
New York University (NYU), Federal Reserve Bank of Atlanta, Emory University and Federal Reserve Bank of Boston
Downloads 36 (949,699)

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Sovereign Risk and Financial Risk

CEPR Discussion Paper No. DP16750
Number of pages: 46 Posted: 04 Feb 2022
Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon Zakrajšek
New York University (NYU), Federal Reserve Bank of Atlanta, Emory University and Federal Reserve Bank of Boston
Downloads 2 (1,348,394)
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CDS, Excess Bond Premium, Global financial cycle, Global financial risk, Sovereign bonds

17.

Racial Disparities in Mortgage Lending: New Evidence based on Processing Time

Downloads 180 (349,000)

Racial Disparities in Mortgage Lending: New Evidence based on Processing Time

Number of pages: 50 Posted: 06 Jan 2022 Last Revised: 23 Feb 2023
Bin Wei and Feng Zhao
Federal Reserve Bank of Atlanta and University of Texas at Dallas - Jindal School of Management
Downloads 101 (557,746)

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Processing Time, Lending Standards, Racial Disparities, Mortgage Loans

Racial Disparities in Mortgage Lending: New Evidence Based on Processing Time

FRB Atlanta Working Paper No. 2022-1
Number of pages: 50 Posted: 20 Sep 2022
Bin Wei and Feng Zhao
Federal Reserve Bank of Atlanta and University of Texas at Dallas - Jindal School of Management
Downloads 79 (652,104)

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processing time, lending standards, racial disparities, mortgage loans

18.

Ambiguity, Long-Run Risks, and Asset Prices

Number of pages: 61 Posted: 02 Jan 2019
Bin Wei
Federal Reserve Bank of Atlanta
Downloads 134 (446,592)
Citation 1

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smooth ambiguity aversion, long-run risks, equity premium puzzle, risk-free rate puzzle, variance premium puzzle, return predictability

19.

Quantifying “Quantitative Tightening” (QT): How Many Rate Hikes Is QT Equivalent To?

FRB Atlanta Working Paper No. 2022-8
Number of pages: 30 Posted: 20 Sep 2022
Bin Wei
Federal Reserve Bank of Atlanta
Downloads 119 (490,027)

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monetary policy, quantitative tightening, QT, quantitative easing, QE, rate hikes, preferred-habitat, reserves, reverse repo

20.

Forward Guidance and its Effectiveness: A Macro Finance Shadow-Rate Framework

Downloads 109 (523,145)
Citation 2

Forward Guidance and its Effectiveness: A Macro Finance Shadow-Rate Framework

FRB Atlanta Working Paper No. 2023-16
Number of pages: 61 Posted: 18 Oct 2023
Junko Koeda and Bin Wei
Waseda University - School of Political Science and Economics and Federal Reserve Bank of Atlanta
Downloads 105 (541,996)
Citation 2

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forward guidance, effective lower bound (ELB), liftoff, term structure, shadow rate, macro finance, unspanned macro factors

Forward Guidance and Its Effectiveness: A Macro-Finance Shadow-Rate Framework

Number of pages: 60 Posted: 02 Mar 2025
Junko Koeda and Bin Wei
Waseda University - School of Political Science and Economics and Federal Reserve Bank of Atlanta
Downloads 4 (1,334,047)

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forward guidance, effective lower bound (ELB), liftoff, term structure, shadow rate, macro finance, unspanned macro factors

21.

Screen More, Sell Later: Screening and Dynamic Signaling in the Mortgage Market

Number of pages: 68 Posted: 28 Dec 2023 Last Revised: 11 Mar 2025
Manuel Adelino, Bin Wei and Feng Zhao
Duke University, Federal Reserve Bank of Atlanta and University of Texas at Dallas - Jindal School of Management
Downloads 106 (533,961)

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Processing time, screening, signaling, time to sale, securitization, mortgage loans, lending standards

22.

How Credible is Hong Kong's Currency Peg?

Number of pages: 33 Posted: 13 Feb 2025
Urban J. Jermann, Bin Wei and Vivian Z. Yue
University of Pennsylvania - Finance Department, Federal Reserve Bank of Atlanta and Emory University
Downloads 103 (545,235)

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Hong Kong dollar, HKD, currency board, peg, central parity, credibility

23.

The Federal Reserve's Liquidity Backstops to the Municipal Bond Market during the COVID-19 Pandemic

FRB Atlanta Policy Hub Paper No. 2020-05, https://doi.org/10.29338/ph2020-05
Number of pages: 10 Posted: 14 Mar 2025
Bin Wei and Vivian Z. Yue
Federal Reserve Bank of Atlanta and Emory University
Downloads 12 (1,203,645)

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COVID-19 pandemic, liquidity backstops, municipal bond

24.

The Term Structure of the Excess Bond Premium: Measures and Implications

FRB Atlanta Policy Hub Paper No. 2021-12, https://doi.org/10.29338/ph2021-12
Number of pages: 17 Posted: 17 Mar 2025
Simon Gilchrist, Bin Wei, Vivian Z. Yue and Egon Zakrajšek
National Bureau of Economic Research (NBER), Federal Reserve Bank of Atlanta, Emory University and Federal Reserve Bank of Boston
Downloads 3 (1,298,400)

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term structure, TRACE, COVID-19, excess bond premium