I am currently working as an economist at the Federal Reserve Board. My email address is edward dot p dot herbst at frb dot gov. This site does not express the views of the Federal Reserve Board or the Federal Reserve System.

Working Papers

THE EMPIRICAL IMPLICATIONS OF THE INTEREST-RATE LOWER BOUND

with: Chris Gust, Matt Smith, and David Lopez-Salido
this version: FEDS 2012-83 (January, 2016)

BAYESIAN ESTIMATION OF DSGE MODELS

with: Frank Schorfheide (Penn)
this version: website

ESTIMATING (MARKOV-SWITCHING) VARS WITHOUT GIBBS SAMPLING

with: Mark Bognanni (Cleveland Fed)
this version: FEDS 2015-116 (December, 2015)




Published Papers


USING THE "CHANDRASEKHAR RECURSIONS" FOR LIKELIHOOD EVALUATION OF DSGE MODELS

Computational Economics, 45(4), 693-705, 2015. pdf

previously: FEDS WP 2012-35

code: fortran + matlab