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J. Christina Wang

Personal Details

First Name:J. Christina
Middle Name:
Last Name:Wang
Suffix:
RePEc Short-ID:pwa838
[This author has chosen not to make the email address public]

Affiliation

Economic Research
Federal Reserve Bank of Boston

Boston, Massachusetts (United States)
http://www.bos.frb.org/economic/

617-973-3397
617-973-4221
P.O. Box 2076, Boston, Massachusetts 02106-2076
RePEc:edi:efrbous (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Chapters

Working papers

  1. Falk Bräuning & J. Christina Wang, 2020. "The Great Leverage 2.0? A Tale of Different Indicators of Corporate Leverage," Current Policy Perspectives 87795, Federal Reserve Bank of Boston.
  2. Charles B. Perkins & J. Christina Wang, 2019. "How Magic a Bullet Is Machine Learning for Credit Analysis? An Exploration with FinTech Lending Data," Working Papers 19-16, Federal Reserve Bank of Boston, revised 14 Oct 2019.
  3. J. Christina Wang, 2018. "Technology, the nature of information, and fintech marketplace lending," Current Policy Perspectives 18-3, Federal Reserve Bank of Boston.
  4. J. Christina Wang, 2017. "Banks' search for yield in the low interest rate environment: a tale of regulatory adaptation," Working Papers 17-3, Federal Reserve Bank of Boston, revised 01 Jun 2017.
  5. Daniel E. Sichel & J. Christina Wang, 2017. "The equilibrium real policy rate through the lens of standard growth models," Current Policy Perspectives 17-6, Federal Reserve Bank of Boston.
  6. John G. Fernald & J. Christina Wang, 2016. "Why has the cyclicality of productivity changed? What does it mean?," Working Paper Series 2016-7, Federal Reserve Bank of San Francisco, revised 01 Apr 2016.
  7. Daniel H. Cooper & J. Christina Wang, 2014. "Student loan debt and economic outcomes," Current Policy Perspectives 14-7, Federal Reserve Bank of Boston.
  8. Alison Pearson & J. Christina Wang, 2014. "Productivity in the slow lane?: the role of information and communications technology," Current Policy Perspectives 14-10, Federal Reserve Bank of Boston.
  9. J. Christina Wang, 2014. "Vanishing procyclicality of productivity?: industry evidence," Working Papers 14-15, Federal Reserve Bank of Boston, revised 31 Dec 2014.
  10. Stephanie Lo & J. Christina Wang, 2014. "Bitcoin as money?," Current Policy Perspectives 14-4, Federal Reserve Bank of Boston.
  11. Susanto Basu & J. Christina Wang, 2013. "Technological progress, the \\"user cost of money,\\" and the real output of banks," Working Papers 13-21, Federal Reserve Bank of Boston, revised 31 Dec 2013.
  12. J. Christina Wang, 2013. "The cost of fiscal policy uncertainty: industry evidence of its impact on the labor market," Working Papers 13-22, Federal Reserve Bank of Boston, revised 01 Dec 2013.
  13. Judit Montoriol-Garriga & J. Christina Wang, 2011. "The Great Recession and bank lending to small businesses," Working Papers 11-16, Federal Reserve Bank of Boston, revised 2011.
  14. Wang, J. Christina & Inklaar, Robert Christiaan, 2011. "Real Output of Bank Services: What Counts Is What Banks Do, Not What They Own," GGDC Research Memorandum GD-119, Groningen Growth and Development Centre, University of Groningen.
  15. Michelle L. Barnes & Zvi Bodie & Robert K. Triest & J. Christina Wang, 2009. "TIPS scorecard: are TIPS accomplishing what they were supposed to accomplish?: can they be improved?," Public Policy Discussion Paper 09-8, Federal Reserve Bank of Boston.
  16. J. Christina Wang & Susanto Basu & John G. Fernald, 2008. "A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output," NBER Working Papers 14616, National Bureau of Economic Research, Inc.
  17. Susanto Basu & Robert Inklaar & J. Christina Wang, 2008. "The value of risk: measuring the service output of U. S. commercial banks," Working Papers 08-4, Federal Reserve Bank of Boston, revised 2008.
  18. J. Christina Wang & Susanto Basu, 2008. "Risk Bearing, Implicit Financial Services and Specialization in the Financial Industry," NBER Working Papers 14614, National Bureau of Economic Research, Inc.
  19. J. Christina Wang, 2003. "Service output of bank holding companies in the 1990s and the role of risk," Working Papers 03-6, Federal Reserve Bank of Boston, revised 2003.
  20. J. Christina Wang, 2003. "Productivity and economies of scale in the production of bank service value added," Working Papers 03-7, Federal Reserve Bank of Boston, revised 2003.
  21. J. Christina Wang, 2003. "Merger-related cost savings in the production of bank services," Working Papers 03-8, Federal Reserve Bank of Boston, revised 2003.
  22. J. Christina Wang, 2003. "Loanable funds, risk, and bank service output," Working Papers 03-4, Federal Reserve Bank of Boston, revised 2003.

Articles

  1. John G. Fernald & J. Christina Wang, 2016. "Why Has the Cyclicality of Productivity Changed? What Does It Mean?," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 465-496, October.
  2. J. Christina Wang, 2013. "The impact of policy uncertainty on U. S. employment: industry evidence," Public Policy Brief, Federal Reserve Bank of Boston.
  3. Robert Inklaar & J. Christina Wang, 2013. "Real Output of Bank Services: What Counts is What Banks Do, Not What They Own," Economica, London School of Economics and Political Science, vol. 80(317), pages 96-117, January.
  4. Susanto Basu & Robert Inklaar & J. Christina Wang, 2011. "The Value Of Risk: Measuring The Service Output Of U.S. Commercial Banks," Economic Inquiry, Western Economic Association International, vol. 49(1), pages 226-245, January.
  5. Titan Alon & John G. Fernald & Robert Inklaar & J. Christina Wang, 2011. "What is the value of bank output?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may16.
  6. Jihye Jeon & Judit Montoriol-Garriga & Robert K. Triest & J. Christina Wang, 2010. "Evidence of a credit crunch?: results from the 2010 survey of first district community banks," Public Policy Brief, Federal Reserve Bank of Boston.
  7. J. Christina Wang, 2006. "Financial innovations, idiosyncratic risk, and the joint evolution of real and financial volatilities," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.

Chapters

  1. J Christina Wang, 2010. "Risk and bank service output," IFC Bulletins chapters, in: Bank for International Settlements (ed.),The IFC's contribution to the 57th ISI Session, Durban, August 2009, volume 33, pages 317-333, Bank for International Settlements.
  2. J. Christina Wang & Susanto Basu & John G. Fernald, 2009. "A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output," NBER Chapters, in: Price Index Concepts and Measurement, pages 273-320, National Bureau of Economic Research, Inc.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. J. Christina Wang, 2018. "Technology, the nature of information, and fintech marketplace lending," Current Policy Perspectives 18-3, Federal Reserve Bank of Boston.

    Cited by:

    1. Charles B. Perkins & J. Christina Wang, 2019. "How Magic a Bullet Is Machine Learning for Credit Analysis? An Exploration with FinTech Lending Data," Working Papers 19-16, Federal Reserve Bank of Boston, revised 14 Oct 2019.

  2. John G. Fernald & J. Christina Wang, 2016. "Why has the cyclicality of productivity changed? What does it mean?," Working Paper Series 2016-7, Federal Reserve Bank of San Francisco, revised 01 Apr 2016.

    Cited by:

    1. Tommaso Ferraresi & Andrea Roventini & Willi Semmler, 2016. "Macroeconomic Regimes, Technological Shocks and Employment Dynamics," Sciences Po publications 2016-19, Sciences Po.
    2. Mark Bils & Yongsung Chang & Sun-Bin Kim, 2019. "How Sticky Wages In Existing Jobs Can Affect Hiring," Working Paper Series no118, Institute of Economic Research, Seoul National University.
    3. Vincent Sterk & Morten Ravn, 2017. "Macroeconomic Fluctuations with HANK & SAM: an Analytical Approach," 2017 Meeting Papers 1067, Society for Economic Dynamics.
    4. Hashmat Khan & Christopher R. Knittel & Konstantinos Metaxoglou & Maya Papineau, 2016. "Carbon Emissions and Business Cycles," NBER Working Papers 22294, National Bureau of Economic Research, Inc.
    5. John G. Fernald & Robert E. Hall & James H. Stock & Mark W. Watson, 2017. "The Disappointing Recovery of Output after 2009," NBER Working Papers 23543, National Bureau of Economic Research, Inc.
    6. Cristiano Cantore & Filippo Ferroni & Miguel A. León-Ledesma, 2012. "The dynamics of hours worked and technology," Working Papers 1238, Banco de España;Working Papers Homepage.
    7. Christian vom Lehn & Thomas Winberry, 2019. "The Investment Network, Sectoral Comovement, and the Changing U.S. Business Cycle," NBER Working Papers 26507, National Bureau of Economic Research, Inc.
    8. Yépez, Carlos A., 2017. "Financial conditions and labor productivity over the business cycle," Economics Letters, Elsevier, vol. 150(C), pages 34-38.
    9. Christian vom Lehn & Thomas Winberry, 2018. "The Changing Nature of Sectoral Comovement," 2018 Meeting Papers 277, Society for Economic Dynamics.
    10. Borja Jalón & Simón Sosvilla-Rivero & José A. Herce, 2017. "Countercyclical Labor Productivity: The Spanish Anomaly," IREA Working Papers 201712, University of Barcelona, Research Institute of Applied Economics, revised Jun 2017.
    11. John Fernald, 2018. "Cyclical Downturn or Slowing Trend? A Review Article on Productivity Puzzles across Europe," International Productivity Monitor, Centre for the Study of Living Standards, vol. 34, pages 110-117, Spring.
    12. Gordon, Robert J. & Sayed, Hassan, 2019. "Prospects for a revival in U. S. productivity growth," Journal of Policy Modeling, Elsevier, vol. 41(3), pages 444-458.
    13. Yépez, Carlos A., 2017. "Financial intermediation, consumption dynamics, and business cycles," Economic Modelling, Elsevier, vol. 60(C), pages 231-243.
    14. Zuzana Molnarova, 2020. "Industry evidence and the vanishing cyclicality of labor productivity," Vienna Economics Papers 2001, University of Vienna, Department of Economics.
    15. GalÌ, Jordi & van Rens, Thijs, 2020. "The Vanishing Procyclicality of Labour Productivity," CAGE Online Working Paper Series 477, Competitive Advantage in the Global Economy (CAGE).
    16. GalÌ, Jordi & van Rens, Thijs, 2020. "The Vanishing Procyclicality of Labour Productivity," The Warwick Economics Research Paper Series (TWERPS) 1271, University of Warwick, Department of Economics.
    17. Lewis, Vivien & Villa, Stefania & Wolters, Maik H., 2019. "Labor productivity, effort and the euro area business cycle," Discussion Papers 44/2019, Deutsche Bundesbank.

  3. Daniel H. Cooper & J. Christina Wang, 2014. "Student loan debt and economic outcomes," Current Policy Perspectives 14-7, Federal Reserve Bank of Boston.

    Cited by:

    1. Robert Clifford, 2016. "Student-loan debt, delinquency, and default: a New England perspective," New England Public Policy Center Research Report 16-1, Federal Reserve Bank of Boston.

  4. J. Christina Wang, 2014. "Vanishing procyclicality of productivity?: industry evidence," Working Papers 14-15, Federal Reserve Bank of Boston, revised 31 Dec 2014.

    Cited by:

    1. J. Wang & John Fernald, 2016. "Why Has the Cyclicality of Productivity Changed? What Does It Mean?," 2016 Meeting Papers 1220, Society for Economic Dynamics.

  5. Stephanie Lo & J. Christina Wang, 2014. "Bitcoin as money?," Current Policy Perspectives 14-4, Federal Reserve Bank of Boston.

    Cited by:

    1. Gina Pieters & Sofia Vivanco, 2016. "Financial regulations and price inconsistencies across bitcoin markets," Globalization Institute Working Papers 293, Federal Reserve Bank of Dallas, revised 01 Dec 2016.
    2. A. Stevens, 2017. "Digital currencies : Threats and opportunities for monetary policy," Economic Review, National Bank of Belgium, issue i, pages 79-92, June.
    3. Luther, William J. & Salter, Alexander W., 2017. "Bitcoin and the bailout," The Quarterly Review of Economics and Finance, Elsevier, vol. 66(C), pages 50-56.
    4. Malavika Nair & Nicolás Cachanosky, 2017. "Bitcoin and entrepreneurship: breaking the network effect," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(3), pages 263-275, September.
    5. Claire Greene & Scott Schuh & Joanna Stavins, 2016. "The 2014 survey of consumer payment choice: summary results," Research Data Report 16-3, Federal Reserve Bank of Boston.
    6. Anton Badev & Matthew Chen, 2014. "Bitcoin: Technical Background and Data Analysis," Finance and Economics Discussion Series 2014-104, Board of Governors of the Federal Reserve System (U.S.), revised 07 Oct 2014.
    7. Jaroslav Bukovina & Matus Marticek, 2016. "Sentiment and Bitcoin Volatility," MENDELU Working Papers in Business and Economics 2016-58, Mendel University in Brno, Faculty of Business and Economics.

  6. Susanto Basu & J. Christina Wang, 2013. "Technological progress, the \\"user cost of money,\\" and the real output of banks," Working Papers 13-21, Federal Reserve Bank of Boston, revised 31 Dec 2013.

    Cited by:

    1. Isakin, Maksim & Serletis, Apostolos, 2019. "Banking technology in a Markov switching economy," Journal of Macroeconomics, Elsevier, vol. 59(C), pages 154-168.

  7. Judit Montoriol-Garriga & J. Christina Wang, 2011. "The Great Recession and bank lending to small businesses," Working Papers 11-16, Federal Reserve Bank of Boston, revised 2011.

    Cited by:

    1. Bryon Higgins, 1986. "Debt, financial stability, and public policy (Symposium overview)," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 1-14.
    2. Pierluigi Balduzzi & Emanuele Brancati & Fabio Schiantarelli, 2013. "Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises," Boston College Working Papers in Economics 824, Boston College Department of Economics, revised 12 Aug 2016.
    3. Jon Christensson & Jim Wilkinson, 2011. "Can the supply of small business loans be increased?," Economic Review, Federal Reserve Bank of Kansas City, vol. 96(Q II).

  8. Wang, J. Christina & Inklaar, Robert Christiaan, 2011. "Real Output of Bank Services: What Counts Is What Banks Do, Not What They Own," GGDC Research Memorandum GD-119, Groningen Growth and Development Centre, University of Groningen.

    Cited by:

    1. Ippolito, Filippo & Ozdagli, Ali K. & Perez-Orive, Ander, 2018. "The transmission of monetary policy through bank lending: The floating rate channel," Journal of Monetary Economics, Elsevier, vol. 95(C), pages 49-71.
    2. Bart van Ark & Mary O’Mahony & Marcel P. Timmer, 2012. "Europe’s Productivity Performance in Comparative Perspective: Trends, Causes and Recent Developments," Chapters, in: Matilde Mas & Robert Stehrer (ed.),Industrial Productivity in Europe, chapter 3, Edward Elgar Publishing.
    3. W. Erwin Diewert & Kevin J. Fox, 2017. "Alternative User Costs, Productivity and Inequality in US Business Sectors," Discussion Papers 2017-14, School of Economics, The University of New South Wales.
    4. Burgess, Stephen, 2011. "Measuring financial sector output and its contribution to UK GDP," Bank of England Quarterly Bulletin, Bank of England, vol. 51(3), pages 234-246.
    5. Groslambert Bertrand & Raphaël Chiappini & Olivier Bruno, 2016. "Bank output calculation in the case of France: what do new methods tell about the financial intermediation services in the aftermath of the crisis?," Working Papers halshs-01254475, HAL.
    6. Groslambert Bertrand & Raphaël Chiappini & Olivier Bruno, 2016. "Desperately seeking cash: Evidence from bank output measurement," Post-Print hal-01358830, HAL.
    7. Russell Kashian & Richard McGregory & Robert Drago, 2017. "Minority owned banks and efficiency revisited," Journal of Productivity Analysis, Springer, vol. 48(2), pages 97-116, December.
    8. Erwin Diewert & Dennis Fixler & Kimberly Zieschang, 2012. "Problems with the Measurement of Banking Services in a National Accounting Framework," Discussion Papers 2012-25, School of Economics, The University of New South Wales.
    9. Ceri Davies & Max Gillman & Michal Kejak, 2016. "Interest Rates Rules," Working Papers 1009, University of Missouri-St. Louis, Department of Economics.
    10. Doris Ritzberger-Grünwald & Alfred Stiglbauer & Walter Waschiczek, 2016. "Banking employment in Austria," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 32, pages 80-100.
    11. , & Diewert, Erwin, 2014. "The Treatment of Financial Transactions in the SNA: A User Cost Approach," Economics working papers erwin_diewert-2014-8, Vancouver School of Economics, revised 20 Feb 2014.
    12. Jochen Hartwig & Hagen Krämer, 2017. "The Growth Disease at 50 – Baumol after Oulton," Chemnitz Economic Papers 010, Department of Economics, Chemnitz University of Technology.
    13. Boutillier, M. & Bricongne, J.C., 2012. "Disintermediation or financial diversification? The case of developed countries," Working papers 380, Banque de France.

  9. Michelle L. Barnes & Zvi Bodie & Robert K. Triest & J. Christina Wang, 2009. "TIPS scorecard: are TIPS accomplishing what they were supposed to accomplish?: can they be improved?," Public Policy Discussion Paper 09-8, Federal Reserve Bank of Boston.

    Cited by:

    1. Matthias Fleckenstein & Francis A. Longstaff & Hanno Lustig, 2013. "Deflation Risk," NBER Working Papers 19238, National Bureau of Economic Research, Inc.

  10. J. Christina Wang & Susanto Basu & John G. Fernald, 2008. "A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output," NBER Working Papers 14616, National Bureau of Economic Research, Inc.

    Cited by:

    1. Andrew Atkeson & Adrien D'Avernas & Andrea L. Eisfeldt & Pierre-Olivier Weill, 2018. "Government Guarantees and the Valuation of American Banks," Staff Report 567, Federal Reserve Bank of Minneapolis.
    2. Garner, Thesia I. & Verbrugge, Randal, 2009. "Reconciling user costs and rental equivalence: Evidence from the US consumer expenditure survey," Journal of Housing Economics, Elsevier, vol. 18(3), pages 172-192, September.
    3. Susanto Basu & J. Christina Wang, 2013. "Technological progress, the \\"user cost of money,\\" and the real output of banks," Working Papers 13-21, Federal Reserve Bank of Boston, revised 31 Dec 2013.
    4. Charles, Steindel, 2010. "The Financial Crisis and the Measurement of Financial Sector Activity," MPRA Paper 27240, University Library of Munich, Germany.
    5. Burgess, Stephen, 2011. "Measuring financial sector output and its contribution to UK GDP," Bank of England Quarterly Bulletin, Bank of England, vol. 51(3), pages 234-246.
    6. Groslambert Bertrand & Raphaël Chiappini & Olivier Bruno, 2016. "Bank output calculation in the case of France: what do new methods tell about the financial intermediation services in the aftermath of the crisis?," Working Papers halshs-01254475, HAL.
    7. Dennis Fixler & Kim Zieschang, 2016. "Producing Liquidity," CEPA Working Papers Series WP022016, School of Economics, University of Queensland, Australia.
    8. Groslambert Bertrand & Raphaël Chiappini & Olivier Bruno, 2016. "Desperately seeking cash: Evidence from bank output measurement," Post-Print hal-01358830, HAL.
    9. Thomas Philippon, 2015. "Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," American Economic Review, American Economic Association, vol. 105(4), pages 1408-1438, April.
    10. John G. Fernald, 2014. "Productivity and Potential Output Before, During, and After the Great Recession," Working Paper Series 2014-15, Federal Reserve Bank of San Francisco, revised 05 Jun 2014.
    11. Chaffai, Mohamed & Dietsch, Michel, 2015. "Modelling and measuring business risk and the resiliency of retail banks," Journal of Financial Stability, Elsevier, vol. 16(C), pages 173-182.
    12. Buch, Claudia M. & Koch, Cathérine T. & Koetter, Michael, 2011. "Size, productivity, and international banking," Journal of International Economics, Elsevier, vol. 85(2), pages 329-334.
    13. Charles Steindel, 2009. "Implications of the financial crisis for potential growth: past, present, and future," Staff Reports 408, Federal Reserve Bank of New York.
    14. Aoki, Shuhei, 2008. "A Simple Accounting Framework for the Effect of Resource Misallocation on Aggregate Productivity," MPRA Paper 11511, University Library of Munich, Germany.
    15. Max Gillman & Mark N Harris & Michal Kejak, 2007. "The Interaction of Inflation and Financial Development with Endogenous Growth," Money Macro and Finance (MMF) Research Group Conference 2006 29, Money Macro and Finance Research Group.
    16. Aled ab Iorwerth, 2012. "To Capture Production or Wellbeing? A Review Article on Towards Measuring the Volume Output of Education and Health Services: A Handbook," International Productivity Monitor, Centre for the Study of Living Standards, vol. 23, pages 55-70, Spring.
    17. Max Gillman & Michal Kejak, 2007. "Inflation, Financial Development and Human Capital-Based Endogenous Growth: an Explanation of Ten Empirical Findings," CDMA Conference Paper Series 0703, Centre for Dynamic Macroeconomic Analysis.
    18. Diewert, Erwin, 2007. "Measuring Productivity in the System of National Accounts," Economics working papers diewert-07-11-16-12-39-23, Vancouver School of Economics, revised 16 Nov 2007.
    19. Andrés Maroto-Sánchez, 2010. "Productivity in the services sector: conventional and current explanations," The Service Industries Journal, Taylor & Francis Journals, vol. 32(5), pages 719-746, October.
    20. Kimberly D. Zieschang, 2016. "FISIM Accounting," CEPA Working Papers Series WP012016, School of Economics, University of Queensland, Australia.
    21. Aled ab Iorwerth, 2006. "How to Measure Government Productivity: A Review Article on 'Measurement of Government Output and Productivity for the National Accounts' (The Atkinson Report)," International Productivity Monitor, Centre for the Study of Living Standards, vol. 13, pages 57-74, Fall.
    22. Robert Inklaar & Marcel P. Timmer & Bart van Ark, 2008. "Data for Productivity Measurement in Market Services: An International Comparison," International Productivity Monitor, Centre for the Study of Living Standards, vol. 16, pages 72-81, Spring.
    23. Erwin Diewert, 2010. "Understanding PPPs and PPP-Based National Accounts: Comment," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(4), pages 36-45, October.

  11. Susanto Basu & Robert Inklaar & J. Christina Wang, 2008. "The value of risk: measuring the service output of U. S. commercial banks," Working Papers 08-4, Federal Reserve Bank of Boston, revised 2008.

    Cited by:

    1. Andrew Atkeson & Adrien D'Avernas & Andrea L. Eisfeldt & Pierre-Olivier Weill, 2018. "Government Guarantees and the Valuation of American Banks," Staff Report 567, Federal Reserve Bank of Minneapolis.
    2. Diego Prior & Emili Tortosa-Ausina & Manuel Illueca & Mª Pilar Garcí­a-Alcober, 2014. "Earnings quality and performance in the banking industry: A profit frontier approach," Working Papers 2014/11, Economics Department, Universitat Jaume I, Castellón (Spain).
    3. Susanto Basu & J. Christina Wang, 2013. "Technological progress, the \\"user cost of money,\\" and the real output of banks," Working Papers 13-21, Federal Reserve Bank of Boston, revised 31 Dec 2013.
    4. Charles, Steindel, 2010. "The Financial Crisis and the Measurement of Financial Sector Activity," MPRA Paper 27240, University Library of Munich, Germany.
    5. Diewert, W. Erwin & Fox, Kevin J., 2016. "Alternative User Costs, Rates of Return and TFP Growth Rates for the US Nonfinancial Corporate and Noncorporate Business Sectors: 1960-2014," Microeconomics.ca working papers erwin_diewert-2016-7, Vancouver School of Economics, revised 30 Jun 2016.
    6. Barry P. Bosworth & Jack E. Triplett, 2007. "The Early 21st Century U.S. Productivity Expansion is Still in Services," International Productivity Monitor, Centre for the Study of Living Standards, vol. 14, pages 3-19, Spring.
    7. Diego Prior & Emili Tortosa-Ausina & María Pilar García-Alcober & Manuel Illueca, 2019. "Profit efficiency and earnings quality: Evidence from the Spanish banking industry," Journal of Productivity Analysis, Springer, vol. 51(2), pages 153-174, June.
    8. W. Erwin Diewert & Kevin J. Fox, 2017. "Alternative User Costs, Productivity and Inequality in US Business Sectors," Discussion Papers 2017-14, School of Economics, The University of New South Wales.
    9. Groslambert Bertrand & Raphaël Chiappini & Olivier Bruno, 2016. "Bank output calculation in the case of France: what do new methods tell about the financial intermediation services in the aftermath of the crisis?," Working Papers halshs-01254475, HAL.
    10. Dennis Fixler & Kim Zieschang, 2016. "Producing Liquidity," CEPA Working Papers Series WP022016, School of Economics, University of Queensland, Australia.
    11. Groslambert Bertrand & Raphaël Chiappini & Olivier Bruno, 2016. "Desperately seeking cash: Evidence from bank output measurement," Post-Print hal-01358830, HAL.
    12. Thomas Philippon, 2015. "Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," American Economic Review, American Economic Association, vol. 105(4), pages 1408-1438, April.
    13. Mª Pilar García-Alcober & Manuel Illueca & Diego Prior & Emili Tortosa-Ausina, 2016. "Risk-taking behavior, earnings quality, and performance in Spanish banking: A profit frontier approach," Working Papers 2016/19, Economics Department, Universitat Jaume I, Castellón (Spain).
    14. Christian Beer & Walter Waschiczek, 2017. "What is the financial sector’s contribution to the Austrian economy?," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/17, pages 54-72.
    15. Boris Cournède & Oliver Denk & Peter Hoeller, 2015. "Finance and Inclusive Growth," OECD Economic Policy Papers 14, OECD Publishing.
    16. Robert Inklaar & J. Christina Wang, 2013. "Real Output of Bank Services: What Counts is What Banks Do, Not What They Own," Economica, London School of Economics and Political Science, vol. 80(317), pages 96-117, January.
    17. Everett, Mary & McNeill, Joe & Phelan, Gillian, 2013. "Measuring the Value Added of the Financial Sector in Ireland," Quarterly Bulletin Articles, Central Bank of Ireland, pages 85-98, April.
    18. Raquel Ortega-Argilés, 2012. "The Transatlantic Productivity Gap: A Survey Of The Main Causes," Journal of Economic Surveys, Wiley Blackwell, vol. 26(3), pages 395-419, July.
    19. Susanto Basu, 2009. "Comment on "Incorporating Financial Services in a Consumer Price Index"," NBER Chapters, in: Price Index Concepts and Measurement, pages 266-271, National Bureau of Economic Research, Inc.
    20. Mª Pilar García-Alcober & Emili Tortosa-Ausina & Diego Prior & Manuel Illueca, 2014. "Cost and revenue efficiency in Spanish banking: What distributions show," Working Papers 2014/12, Economics Department, Universitat Jaume I, Castellón (Spain).
    21. Charles Steindel, 2009. "Implications of the financial crisis for potential growth: past, present, and future," Staff Reports 408, Federal Reserve Bank of New York.
    22. Aoki, Shuhei, 2008. "A Simple Accounting Framework for the Effect of Resource Misallocation on Aggregate Productivity," MPRA Paper 11511, University Library of Munich, Germany.
    23. Peter ven de Ven & Anne Harrison & Barbara Fraumeni & Marshall Reinsdorf & Dominique Durant & Kyle Hood & Leonard Nakamura, 2017. "Improving the Treatment of Holding Gains and Default Losses in National Accounts," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63, pages 321-354, December.
    24. Doris Ritzberger-Grünwald & Alfred Stiglbauer & Walter Waschiczek, 2016. "Banking employment in Austria," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 32, pages 80-100.
    25. Satoru Hagino & Katsurako Sonoda, 2010. "Treatment of risk in the estimation of FISIM," IFC Bulletins chapters, in: Bank for International Settlements (ed.),The IFC's contribution to the 57th ISI Session, Durban, August 2009, volume 33, pages 334-338, Bank for International Settlements.
    26. Martín-Oliver, Alfredo & Ruano, Sonia & Salas-Fumás, Vicente, 2013. "Why high productivity growth of banks preceded the financial crisis," Journal of Financial Intermediation, Elsevier, vol. 22(4), pages 688-712.
    27. Antonio Colangelo & Reimund Mink, 2010. "Bank services: some reflections on the treatment of default risk and term premium," IFC Bulletins chapters, in: Bank for International Settlements (ed.),The IFC's contribution to the 57th ISI Session, Durban, August 2009, volume 33, pages 339-345, Bank for International Settlements.
    28. , & Diewert, Erwin, 2014. "The Treatment of Financial Transactions in the SNA: A User Cost Approach," Economics working papers erwin_diewert-2014-8, Vancouver School of Economics, revised 20 Feb 2014.
    29. Gerald Epstein, 2018. "On the Social Efficiency of Finance," Development and Change, International Institute of Social Studies, vol. 49(2), pages 330-352, March.
    30. J. Christina Wang, 2018. "Technology, the nature of information, and fintech marketplace lending," Current Policy Perspectives 18-3, Federal Reserve Bank of Boston.
    31. Kimberly D. Zieschang, 2016. "FISIM Accounting," CEPA Working Papers Series WP012016, School of Economics, University of Queensland, Australia.
    32. Omneya Abdelsalam & Sabur Mollah & Emili Tortosa-Ausina, 2018. "Political connection and bank in(efficiency)," Working Papers 2018-11, Swansea University, School of Management.
    33. Serena Fatica, 2017. "Measurement and Allocation of Capital Inputs With Taxes: A Sensitivity Analysis for OECD Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63(1), pages 1-29, March.
    34. Andrés Maroto-Sanchez, 2010. "Growth and productivity in the service sector: The state of the art," Working Papers 07/10, Instituto Universitario de Análisis Económico y Social.

  12. J. Christina Wang & Susanto Basu, 2008. "Risk Bearing, Implicit Financial Services and Specialization in the Financial Industry," NBER Working Papers 14614, National Bureau of Economic Research, Inc.

    Cited by:

    1. Groslambert Bertrand & Raphaël Chiappini & Olivier Bruno, 2016. "Bank output calculation in the case of France: what do new methods tell about the financial intermediation services in the aftermath of the crisis?," Working Papers halshs-01254475, HAL.
    2. Chaffai, Mohamed & Dietsch, Michel, 2015. "Modelling and measuring business risk and the resiliency of retail banks," Journal of Financial Stability, Elsevier, vol. 16(C), pages 173-182.
    3. Basu, Susanto & Inklaar, Robert & Wang, J. Christina, 2008. "The Value of Risk: Measuring the Service Output of U.S. Commercial Banks," GGDC Research Memorandum GD-102, Groningen Growth and Development Centre, University of Groningen.

  13. J. Christina Wang, 2003. "Service output of bank holding companies in the 1990s and the role of risk," Working Papers 03-6, Federal Reserve Bank of Boston, revised 2003.

    Cited by:

    1. Susanto Basu & J. Christina Wang, 2013. "Technological progress, the \\"user cost of money,\\" and the real output of banks," Working Papers 13-21, Federal Reserve Bank of Boston, revised 31 Dec 2013.

  14. J. Christina Wang, 2003. "Productivity and economies of scale in the production of bank service value added," Working Papers 03-7, Federal Reserve Bank of Boston, revised 2003.

    Cited by:

    1. J. Christina Wang, 2003. "Merger-related cost savings in the production of bank services," Working Papers 03-8, Federal Reserve Bank of Boston, revised 2003.
    2. Mark Egan & Stefan Lewellen & Adi Sunderam, 2017. "The Cross Section of Bank Value," NBER Working Papers 23291, National Bureau of Economic Research, Inc.
    3. Stefan Lewellen & Adi Sunderam & Mark Egan, 2017. "The Cross Section of Bank Value," 2017 Meeting Papers 1283, Society for Economic Dynamics.
    4. Galina Besstremyannaya & Jaak Simm & Sergei Golovan, 2017. "Robust estimation of cost efficiency in non-parametric frontier models," Working Papers w0244, Center for Economic and Financial Research (CEFIR).
    5. David P. Byrne & Susumu Imai & Vasilis Sarafidis, 2015. "Instrument-free Identifcation and Estimation of the Diferentiated Products Models," Department of Economics - Working Papers Series 1198, The University of Melbourne.
    6. Scott J. Dressler, 2011. "Economies Of Scale In Banking, Indeterminacy, And Monetary Policy," Economic Inquiry, Western Economic Association International, vol. 49(1), pages 185-193, January.
    7. Galina Besstremyannaya & Jaak Simm, 2015. "Robust non-parametric estimation of cost efficiency with an application to banking industry," Working Papers w0217, Center for Economic and Financial Research (CEFIR).
    8. Byrne, D. P. & Imai, S. & Jain, N. & Sarafidis, V. & Hirukawa, M., 2015. "Identification and Estimation of Differentiated Products Models using Market Size and Cost Data," Working Papers 15/05, Department of Economics, City University London.
    9. J. Christina Wang, 2003. "Service output of bank holding companies in the 1990s and the role of risk," Working Papers 03-6, Federal Reserve Bank of Boston, revised 2003.

  15. J. Christina Wang, 2003. "Merger-related cost savings in the production of bank services," Working Papers 03-8, Federal Reserve Bank of Boston, revised 2003.

    Cited by:

    1. Panetta, Fabio & Schivardi, Fabiano & Shum, Matthew, 2005. "Do Mergers Improve Information? Evidence from the Loan Market," CEPR Discussion Papers 4961, C.E.P.R. Discussion Papers.
    2. Al-Khasawneh, Jamal Ali & Essaddam, Naceur, 2012. "Market reaction to the merger announcements of US banks: A non-parametric X-efficiency framework," Global Finance Journal, Elsevier, vol. 23(3), pages 167-183.

  16. J. Christina Wang, 2003. "Loanable funds, risk, and bank service output," Working Papers 03-4, Federal Reserve Bank of Boston, revised 2003.

    Cited by:

    1. Groslambert Bertrand & Raphaël Chiappini & Olivier Bruno, 2016. "Desperately seeking cash: Evidence from bank output measurement," Post-Print hal-01358830, HAL.
    2. Basu, Susanto & Inklaar, Robert & Wang, J. Christina, 2008. "The Value of Risk: Measuring the Service Output of U.S. Commercial Banks," GGDC Research Memorandum GD-102, Groningen Growth and Development Centre, University of Groningen.
    3. J. Christina Wang & Susanto Basu & John G. Fernald, 2008. "A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output," NBER Working Papers 14616, National Bureau of Economic Research, Inc.
    4. J. Christina Wang, 2003. "Service output of bank holding companies in the 1990s and the role of risk," Working Papers 03-6, Federal Reserve Bank of Boston, revised 2003.
    5. J. Christina Wang, 2003. "Productivity and economies of scale in the production of bank service value added," Working Papers 03-7, Federal Reserve Bank of Boston, revised 2003.

Articles

  1. John G. Fernald & J. Christina Wang, 2016. "Why Has the Cyclicality of Productivity Changed? What Does It Mean?," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 465-496, October.
    See citations under working paper version above.
  2. J. Christina Wang, 2013. "The impact of policy uncertainty on U. S. employment: industry evidence," Public Policy Brief, Federal Reserve Bank of Boston.

    Cited by:

    1. J. Christina Wang, 2013. "The cost of fiscal policy uncertainty: industry evidence of its impact on the labor market," Working Papers 13-22, Federal Reserve Bank of Boston, revised 01 Dec 2013.

  3. Robert Inklaar & J. Christina Wang, 2013. "Real Output of Bank Services: What Counts is What Banks Do, Not What They Own," Economica, London School of Economics and Political Science, vol. 80(317), pages 96-117, January.
    See citations under working paper version above.
  4. Susanto Basu & Robert Inklaar & J. Christina Wang, 2011. "The Value Of Risk: Measuring The Service Output Of U.S. Commercial Banks," Economic Inquiry, Western Economic Association International, vol. 49(1), pages 226-245, January.
    See citations under working paper version above.
  5. Titan Alon & John G. Fernald & Robert Inklaar & J. Christina Wang, 2011. "What is the value of bank output?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may16.

    Cited by:

    1. Erwin Diewert & Dennis Fixler & Kimberly Zieschang, 2012. "Problems with the Measurement of Banking Services in a National Accounting Framework," Discussion Papers 2012-25, School of Economics, The University of New South Wales.

  6. J. Christina Wang, 2006. "Financial innovations, idiosyncratic risk, and the joint evolution of real and financial volatilities," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.

    Cited by:

    1. Hasan Cömert & Gerald Epstein, 2016. "Finansal Yenilik Yazinindaki Son Gelismeler," STPS Working Papers 1604, STPS - Science and Technology Policy Studies Center, Middle East Technical University, revised Jan 2016.

Chapters

  1. J Christina Wang, 2010. "Risk and bank service output," IFC Bulletins chapters, in: Bank for International Settlements (ed.),The IFC's contribution to the 57th ISI Session, Durban, August 2009, volume 33, pages 317-333, Bank for International Settlements.

    Cited by:

    1. J. Christina Wang, 2003. "Merger-related cost savings in the production of bank services," Working Papers 03-8, Federal Reserve Bank of Boston, revised 2003.
    2. Susanto Basu & J. Christina Wang, 2013. "Technological progress, the \\"user cost of money,\\" and the real output of banks," Working Papers 13-21, Federal Reserve Bank of Boston, revised 31 Dec 2013.
    3. Groslambert Bertrand & Raphaël Chiappini & Olivier Bruno, 2016. "Bank output calculation in the case of France: what do new methods tell about the financial intermediation services in the aftermath of the crisis?," Working Papers halshs-01254475, HAL.
    4. Susanto Basu, 2009. "Comment on "Incorporating Financial Services in a Consumer Price Index"," NBER Chapters, in: Price Index Concepts and Measurement, pages 266-271, National Bureau of Economic Research, Inc.
    5. J. Christina Wang & Susanto Basu & John G. Fernald, 2008. "A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output," NBER Working Papers 14616, National Bureau of Economic Research, Inc.
    6. Erwin Diewert & Dennis Fixler & Kimberly Zieschang, 2012. "Problems with the Measurement of Banking Services in a National Accounting Framework," Discussion Papers 2012-25, School of Economics, The University of New South Wales.
    7. , & Diewert, Erwin, 2014. "The Treatment of Financial Transactions in the SNA: A User Cost Approach," Economics working papers erwin_diewert-2014-8, Vancouver School of Economics, revised 20 Feb 2014.

  2. J. Christina Wang & Susanto Basu & John G. Fernald, 2009. "A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output," NBER Chapters, in: Price Index Concepts and Measurement, pages 273-320, National Bureau of Economic Research, Inc.
    See citations under working paper version above.

More information

Research fields, statistics, top rankings, if available.

Statistics

Access and download statistics for all items

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 21 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MAC: Macroeconomics (14) 2009-01-10 2009-01-10 2009-02-07 2010-01-10 2012-02-01 2014-11-07 2015-02-11 2015-05-09 2015-05-22 2016-01-18 2016-05-28 2017-07-02 2017-12-03 2020-06-08. Author is listed
  2. NEP-EFF: Efficiency & Productivity (8) 2004-06-02 2009-01-10 2009-01-10 2011-03-05 2015-05-09 2015-05-22 2016-01-18 2016-05-28. Author is listed
  3. NEP-CBA: Central Banking (6) 2006-04-29 2009-02-07 2010-01-10 2011-03-05 2012-02-01 2017-07-02. Author is listed
  4. NEP-BAN: Banking (5) 2008-07-14 2009-01-10 2009-01-10 2012-02-01 2017-07-02. Author is listed
  5. NEP-BEC: Business Economics (5) 2005-05-23 2006-04-29 2009-01-10 2009-01-10 2016-01-18. Author is listed
  6. NEP-MON: Monetary Economics (3) 2003-10-28 2014-11-07 2017-12-03
  7. NEP-DGE: Dynamic General Equilibrium (2) 2009-01-10 2016-01-18
  8. NEP-RMG: Risk Management (2) 2003-10-28 2008-07-14
  9. NEP-BIG: Big Data (1) 2020-03-02
  10. NEP-CFN: Corporate Finance (1) 2006-04-29
  11. NEP-CMP: Computational Economics (1) 2020-03-02
  12. NEP-CSE: Economics of Strategic Management (1) 2015-05-22
  13. NEP-EEC: European Economics (1) 2011-03-05
  14. NEP-ENT: Entrepreneurship (1) 2012-02-01
  15. NEP-FMK: Financial Markets (1) 2006-04-29
  16. NEP-ICT: Information & Communication Technologies (1) 2015-05-22
  17. NEP-LMA: Labor Markets - Supply, Demand, & Wages (1) 2016-05-28
  18. NEP-ORE: Operations Research (1) 2020-03-02
  19. NEP-PAY: Payment Systems & Financial Technology (1) 2020-03-02
  20. NEP-SEA: South East Asia (1) 2005-05-23

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