Huixin Bi

Huixin Bi is a Research and Policy Officer in the Economic Research Department of the Federal Reserve Bank of Kansas City. Previously, Ms. Bi served as an economist at the Bank of Canada from 2010 to 2015. Her main areas of research are fiscal policy, sovereign debt and computational economics. She holds a B.S. in engineering from Nankai University in China, a M.S. in engineering at Rose-Hulman Institute of Technology, and a Ph.D. in economics from Indiana University. 

Professional Journals and Books

• "Unconventional Monetary Policy and Local Fiscal Policy" (with Nora Traum), European Economic Review, July 2023.
• "Public Pension Reforms and Retirement Decision: Narrative Evidence and Aggregate Implications" (with Sarah Zubairy), American Economic Journal: Economic Policy, November 2023.
• “Credit Guarantee and Fiscal Costs” (with Yongquan Cao and Wei Dong), Journal of Money, Credit and Banking, February 2023.
• “Fiscal Implications of Interest Rate Normalization in the United States” with Wenyi Shen and Susan S.C. Yang, Canadian Journal of Economics, April 2022: 868-904.
• "Sovereign Default and Monetary Policy Tradeoffs" with Eric Leeper and Campbell Leith, International Journal of Central Banking, June 2018: 289-324.
• "Debt-Dependent Effects of Fiscal Expansions" with Susan S.C. Yang and Wenyi Shen, European Economic Review, 88, September 2016: 142-157.
• "Estimating Fiscal Limits: The Case of Greece" with Nora Traum, Journal of Applied Econometrics, 29(7), November/December 2014: 1053-72.
• "Uncertain Fiscal Consolidations" with Eric Leeper and Campbell Leith, Economic Journal, 123(566), February 2013: F31-F63.
• "Estimating Sovereign Default Risk" with Nora Traum, American Economic Review Papers & Proceedings, 102(3), May 2012: 161-66.
• "Sovereign Default Risk Premia, Fiscal Limits, and Fiscal Policy" European Economic Review, 56(3), April 2012: 389-410.

Economic Review Articles

• Understanding State and Local Government Spending over the Business Cycle
  with Chaitri Gulati and Nora Traum, Vol. 108, no. 3
• Fiscal Relief during the COVID-19 Pandemic
  with Chaitri Gulati, Third Quarter 2021
• Implementation Delays in Pension Retrenchment Reforms
  with Kevin Hunt and Sarah Zubairy, Second Quarter 2019
• Fiscal Sustainability: A Cross-Country Analysis
  Fourth Quarter 2017

Research Working Papers

• Asset Purchases in a Monetary Union with Default and Liquidity Risks
  with Andrew Foerster and Nora Traum, RWP 24-13
• Unconventional Monetary Policy and Local Fiscal Policy
  with Nora Traum, RWP 22-15
• Credit Guarantee and Fiscal Costs
  with Yongquan Cao, and Wei Dong, RWP 22-09
• What Did Policy Interventions Fix in the Municipal Bond Market - Liquidity or Credit?
  with W. Blake Marsh, RWP 20-19
• Fiscal Implications of Interest Rate Normalization in the United States
  with Wenyi Shen and Shu-Chun S. Yang, RWP 20-12
• Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications
  with Sarah Zubairy, RWP 20-06
• Sovereign Risk and Fiscal Information: A Look at the U.S. State Default of the 1840s
  with Nora Traum, RWP 19-04
• Sovereign Default and Monetary Policy Tradeoffs
  with Eric M. Leeper and Campbell Leith, RWP 18-02
• Debt-Dependent Effects of Fiscal Expansions
  with Wenyi Shen and Shu-Chun S. Yang, RWP 16-04

Economic Bulletin

• Federal Government Outlays Remain Historically Elevated, Spurred by Robust Transfers
  with Alison Felix, November 2024
• Corporate Interest Expenses Are Expected to Increase Further
  with W. Blake Marsh and Phillip An, February 2024
• A Slowdown in Job Vacancies Is Likely to Coincide with Higher Unemployment and Slower Wage Growth
  with Chaitri Gulati and José Mustre-del-Río, August 2022
• U.S. Federal Debt Has Increased, but Appears Sustainable for Now
  with Wenyi Shen, and Shu-Chun S. Yang, November 2020
• Understanding the Recent Rise in Municipal Bond Yields
  with W. Blake Marsh, Jacob Dice, and Chaitri Gulati, May 2020
• Rainy Day Funds Have Grown as State Tax Revenue Strengthens
  with Jaeheung Bae, October 2019
• The Fiscal Stance of U.S. States
  with Jaeheung Bae, November 2018
• Examining the Recent Shift in State and Local Pension Plans to Alternative Investments
  with Trenton Herriford, September 2017