• About ME

    I am a term Assistant Professor in Economics at Grinnell College.

    Academic Position and Education

    Term Asst.P. Economics at Grinnell College, Grinnell, U.S.


    Ph.D. Economics in Texas Tech University, Lubbock, U.S.

    B.S. International Business in Zhongnan University of Economics and Law, Wuhan, China.

    Research Fields

    Primary: Macroeconomics & Monetary Economics, Financial Economics, Energy Economics


    Secondary: International Economics, Time-Series Econometrics, Machine Learning


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    The Dynamics of the U.S. Business Cycle under Different Monetary Policy Regimes (JMP)

    Qing Nie (Submitted)

    Paper link with the latest version to access.

    The paper studies the dynamic responses of the business cycle in the U.S. to shocks in oil and aggregate markets under different monetary policy regimes, at and away from the zero lower bound (ZLB). By calibrating the medium-size DSGE model with a first-perturbation piecewise solution in a closed economy and estimating the Bayesian structural VAR model, this paper shows that most shocks have contractionary effects on the macroeconomy under the zero lower bound except oil demand shock. Its contractionary impact is buffered after an increase in oil price and a decrease in expected interest rate, which may stimulate private spending, capital stock, and further GDP. The two-country DSGE model also verifies the cushioned contractionary effect of oil demand and oil supply shocks as a result of the non-oil trade balance and exchange rate depreciation. These results provide insights into the U.S. business cycle dynamics under different monetary policy regimes both in self-sufficiency and open economy environments.

    U.S. Employment, Uncertainties and The Zero Lower Bound

    Qing Nie (Working paper)

    Paper link to access.

    The purpose of this paper is to study the response of aggregate and sectoral employment in the United States to shocks and uncertainties in the oil and macro markets. Based on a New Keynesian model with a first-order perturbation on occasionally binding constraints and uncertainty shock introduction, we get a primary theoretical support on the impacts of monetary policy regimes and uncertainty shocks. To explore the interactions of uncertainties in oil and aggregate markets in the presence and absence of the zero lower bound (ZLB), we estimate a VAR model with 12 variables using U.S. data for the period 1986Q1-2021Q4. With alternative oil and macroeconomic uncertainties and different monetary authorities, employment is significantly negatively affected by uncertainties when ZLB binds and fluctuating in the absence of ZLB. Finally, we obtain the responses of sectoral employments to different types of uncertainties under different monetary regimes and find that employments of sectors related to oil industry in production and finance fall significantly to an increase in uncertainty under the ZLB. These findings highlight the empirical relevance of oil prices and macroeconomic uncertainty on U.S. labor market dynamics.

  • Publications


    Has the Asymmetry of Oil Price Shocks in Inflation Expectations been Affected by the COVID-19 Outbreak? A Comparison between the United States and China

    Asian Social Science 19 (03), 55-86

    Immigration in High-Skill Labor Markets: The Impact of Foreign Students on the Earnings of Doctorates by Gender

    Journal of Business and Social Science Review 4 (01), 28-37

    The Impacts of Economic Growth on Per Capita Consumption-based CO2 Emission between China and the United States

    International Journal of Business & Management Studies 4 (02), 1-7

    Analysis of Economic Effects of the Establishment of the BRICS Free Trade Zone - Based on the GTAP-E Model

    Journal of Business and Social Science Review 4 (01), 16-27

    Regional Wage Differences of the American Advanced Educational Teachers

    R & R at Review of Contemporary Business Research

  • As an Assistant Professor at Grinnell College and a Graduate Instructor at Texas Tech University.



    ECN-395-02 (Special Topic)

    Time Series Econometrics

    Fall 2023 - Spring 2024 (F2F)



    Macroeconomics Analysis

    Fall 2023 - Spring 2024 (F2F)



    ECO 3311-102

    Intermediate Macroeconomics

    Summer 2021 - 2023 (F2F)


    ECO 2301-003 & 004 & 005 & 006

    Principles of Microeconomics

    Fall 2021 - Spring 2023 (F2F)


    ECO 2301-005 & 006

    Principles of Microeconomics

    Fall 2020 - Spring 2021 (ONLINE)


    (Recommended by the Department of Economics at Texas Tech University)


    ECO 4305 Econometrics

    Fall 2022 for seniors


    ECO 3326 Industrial Organization and Competitive Strategy

    Fall 2022 for seniors


    ECO 3305 Game Theory

    Spring 2023 for seniors



    (+1) 641-269-4305 (Work)

    (+1) 806-392-5472 (Mobile)






    Current Address
    HSSC S3330, 1210 Park St, Grinnell, IA 50112
  • Reference


    Dr. Xiaohan Ma (Chair of Committee)

    Associate Professor

    Department of Economics

    Texas Tech University

    Phone: (+1) 806.834.8373

    Email: xiaohan.ma@ttu.edu

    Dr. Misak G. Avetisyan

    Associate Professor

    Department of Economics

    Texas Tech University

    Phone: (+1) 806.834.6156

    Email: misak.avetisyan@ttu.edu

    Dr. Julian F. Ludwig

    Assistant Professor

    Department of Economics

    Texas Tech University

    Phone: (+1) 806.834.2633

    Email: julian.ludwig@ttu.edu

    Dr. Eric Ohrn

    Associate Professor & Chair of Department

    Department of Economics

    Grinnell College

    Phone: (+1) 641.269.9996

    Email: ohrneric@grinnell.edu