Working Papers



  • MONETARY POLICY, CREDIT SPREADS, AND BUSINESS CYCLE FLUCTUATIONS pdf
    with: Dario Caldara (FRB)
    previously: FEDS WP 2016-49

Published


  • A SEQUENTIAL MONTE CARLO APPROACH TO INFERENCE IN MULTIPLE-EQUATION MARKOV-SWITCHING MODELS, Journal of Applied Econometrics, forthcoming.
    with: Mark Bognanni (Cleveland Fed)
    previously: FEDS 2015-116, Cleveland Fed WP 14-27

  • THE EMPIRICAL IMPLICATIONS OF THE INTEREST-RATE LOWER BOUND, American Economic Review, 107(7), 1971-2006, 2017. pdf
    with: Chris Gust, Matt Smith, and David Lopez-Salido
    code: available on github
    previously: FEDS WP 2012-083 (includes technical appendix)

  • BAYESIAN ESTIMATION OF DSGE MODELS, Princeton University Press, Princeton, NJ.
    website
    with: Frank Schorfheide (Penn)
    previously: Particle MCMC and Sequential Monte Carlo Squared for DSGE Models (pdf), Gradient and Hessian-based MCMC for DSGE Models (pdf)

  • EFFECTIVE MONETARY POLICY STRATEGIES IN NEW KEYNESIAN MODELS, in NBER Macroeconomics Annual 2014, Volume 29, University of Chicago Press, 2015. pdf
    with: Hess Chung (FRB) and Mike Kiley (FRB)
    previously: NBER Working Paper No. 20611

  • USING THE “CHANDRASEKHAR RECURSIONS” FOR LIKELIHOOD EVALUATION OF DSGE MODELS, Computational Economics, 45(4), 693-705, 2015. pdf
    code: fortran + matlab
    previously: FEDS WP 2015-35