Our Team
Russell Wong
Russell Wong is a senior economist in the Research Department. Wong joined the Federal Reserve Bank of Richmond in July 2016 after working at the Bank of Canada and the Queen's University. He earned his doctorate from Washington University in St. Louis in 2012.
Wong's current research focuses on analyzing frontier risks (e.g. crypto, climate change, China, AI, political polarization) and their policy implications when markets are frictional, fragmented, or decentralized. He has published and reviewed academic research in the fields of search theory, incentive theory and growth theory.
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Academic Publications
Leveraging the Disagreement on Climate Change: Theory and EvidenceJournal of Political Economy, forthcomingPrevious Version: Working Paper, January 2023, No. 23-01RJournal of Economic Dynamics and Control, Vol. 142, September 2022: 104173Previous Version: Working Paper, February 2021, No. 21-04Review of Economic Studies, Vol. 89, July 2022: 1833-1872Previous Version: Working Paper, September 2020, No. 20-13Journal of Monetary Economics, Vol. 117, January 2021: 64-90Theoretical Economics, Vol. 13, September 2018: 1369–1424Previous Version: Working Paper, April 2017, No. 17-06Studies in Nonlinear Dynamics and Econometrics, Vol. 2, April 2018: 1-16Journal of Economic Theory, Vol. 164, July 2016: 218–229Review of Economic Studies, Vol. 83, January 2016: 402-420Journal of Economic Dynamics and Control, Vol. 34, April 2010: 623-635
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Working Papers
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Bank Publications
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Other Work
"An Heterogeneous-Agent New-Monetarist Model with an Application to Unemployment" (with Guillaume Rocheteau, Pierre-Olivier Weill). NBER Working Paper No. 25220, November 2018.
"Institutional Barriers and World Income Disparities" (with Ping Wang and Chong K. Yip). Federal Reserve Bank of St. Louis Review 100, no. 3 (Third Quarter 2018): 259-280.
"Mismatch and Assimilation" (with Ping Wang and Chong K. Yip). NBER Working Paper No. 24960, August 2018.
"Working through the Distribution: Money in the Short and Long Run" (with Guillaume Rocheteau and Pierre-Olivier Weill). NBER Working Paper No. 21779, December 2015.
"A Tractable Model of Monetary Exchange with Ex-post Heterogeneity" (with Guillaume Rocheteau and Pierre-Olivier Weill). NBER Working Paper No. 21179, May 2015.
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Media Mentions
"How Stable Are Stablecoins?," Speaking of the Economy, October 12, 2022.