Working Papers


  • ONLINE ESTIMATION OF DSGE MODELS pdf
    with: Michael Cai (Northwestern), Marco Del Negro (FRB New York), Ethan Matlin (FRB New York), Reca Sarfati (FRB New York), and Frank Schorfheide (Penn)

  • SHORT-TERM PLANNING, MONETARY POLICY, AND MACROECONOMIC PERSISTENCE pdf
    with: Chris Gust (FRB) and David Lopez-Salido (FRB)

  • FORWARD GUIDANCE WITH BAYESIAN LEARNING AND ESTIMATION pdf
    with: Chris Gust (FRB) and David Lopez-Salido (FRB)

Published


  • MONETARY POLICY, REAL ACTIVITY, AND CREDIT SPREADS: EVIDENCE FROM BAYESIAN PROXY SVARS, American Economic Journal: Macroeconomics, 11(1): 157-192, 2019. pdf
    with: Dario Caldara (FRB)
    code: available on github
    previously: FEDS 2016-049 (May, 2016)

  • 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