Details about Edward Herbst

Access statistics for papers by Edward Herbst.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: phe363

Working Papers

2024

1. Inflation Expectations with Finite Horizon Planning
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)

2021

2. Bias in Local Projections
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
3. Short-term Planning, Monetary Policy, and Macroeconomic Persistence
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020)
   See also Journal Article Short-Term Planning, Monetary Policy, and Macroeconomic Persistence, American Economic Journal: Macroeconomics, American Economic Association (2022) View citations (7) (2022)
4. The Factor Structure of Disagreement
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

2020

5. How Robust Are Makeup Strategies to Key Alternative Assumptions?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (13)
6. Online Estimation of DSGE Models
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
   Also in Staff Reports, Federal Reserve Bank of New York (2019)
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2019) View citations (1)
   Liberty Street Economics, Federal Reserve Bank of New York (2019)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (1)

2018

7. Forward Guidance with Bayesian Learning and Estimation
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
   Also in 2017 Meeting Papers, Society for Economic Dynamics (2017)

2017

8. Tempered Particle Filtering
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2016) View citations (1)
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2016) View citations (2)
   See also Journal Article Tempered particle filtering, Journal of Econometrics, Elsevier (2019) View citations (10) (2019)

2016

9. Monetary Policy, Real Activity, and Credit Spreads: Evidence from Bayesian Proxy SVARs
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (77)
   See also Journal Article Monetary Policy, Real Activity, and Credit Spreads: Evidence from Bayesian Proxy SVARs, American Economic Journal: Macroeconomics, American Economic Association (2019) View citations (209) (2019)

2015

10. Estimating (Markov-Switching) VAR Models without Gibbs Sampling: A Sequential Monte Carlo Approach
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2014) View citations (5)
11. Monetary Policy, Credit Spreads, and Business Cycle Fluctuations
    2015 Meeting Papers, Society for Economic Dynamics View citations (2)

2014

12. Effective Monetary Policy Strategies in New Keynesian Models: A Re-examination
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Chapter Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination, NBER Chapters, National Bureau of Economic Research, Inc (2014) View citations (13) (2014)
    Journal Article Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination, NBER Macroeconomics Annual, University of Chicago Press (2015) View citations (23) (2015)

2013

13. Sequential Monte Carlo Sampling for DSGE Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2012) View citations (60)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2013) View citations (4)
    See also Journal Article SEQUENTIAL MONTE CARLO SAMPLING FOR DSGE MODELS, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2014) View citations (93) (2014)

2012

14. Evaluating DSGE model forecasts of comovements
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (53)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2011) View citations (7)
    See also Journal Article Evaluating DSGE model forecasts of comovements, Journal of Econometrics, Elsevier (2012) View citations (49) (2012)
15. The Empirical Implications of the Interest-Rate Lower Bound
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (149)
    See also Journal Article The Empirical Implications of the Interest-Rate Lower Bound, American Economic Review, American Economic Association (2017) View citations (134) (2017)
16. Using the \"Chandrasekhar Recursions\" for likelihood evaluation of DSGE models
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article Using the “Chandrasekhar Recursions” for Likelihood Evaluation of DSGE Models, Computational Economics, Springer (2015) View citations (9) (2015)

Journal Articles

2022

1. Short-Term Planning, Monetary Policy, and Macroeconomic Persistence
   American Economic Journal: Macroeconomics, 2022, 14, (4), 174-209 View citations (7)
   See also Working Paper Short-term Planning, Monetary Policy, and Macroeconomic Persistence, CEPR Discussion Papers (2021) (2021)

2019

2. Monetary Policy, Real Activity, and Credit Spreads: Evidence from Bayesian Proxy SVARs
   American Economic Journal: Macroeconomics, 2019, 11, (1), 157-92 View citations (209)
   See also Working Paper Monetary Policy, Real Activity, and Credit Spreads: Evidence from Bayesian Proxy SVARs, Finance and Economics Discussion Series (2016) View citations (77) (2016)
3. Tempered particle filtering
   Journal of Econometrics, 2019, 210, (1), 26-44 View citations (10)
   See also Working Paper Tempered Particle Filtering, NBER Working Papers (2017) View citations (4) (2017)

2018

4. A sequential Monte Carlo approach to inference in multiple‐equation Markov‐switching models
   Journal of Applied Econometrics, 2018, 33, (1), 126-140 View citations (14)

2017

5. The Empirical Implications of the Interest-Rate Lower Bound
   American Economic Review, 2017, 107, (7), 1971-2006 View citations (134)
   See also Working Paper The Empirical Implications of the Interest-Rate Lower Bound, Finance and Economics Discussion Series (2012) View citations (149) (2012)

2015

6. Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination
   NBER Macroeconomics Annual, 2015, 29, (1), 289 - 344 View citations (23)
   See also Chapter Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination, NBER Chapters, 2014, 289-344 (2014) View citations (13) (2014)
   Working Paper Effective Monetary Policy Strategies in New Keynesian Models: A Re-examination, NBER Working Papers (2014) View citations (11) (2014)
7. Using the “Chandrasekhar Recursions” for Likelihood Evaluation of DSGE Models
   Computational Economics, 2015, 45, (4), 693-705 View citations (9)
   See also Working Paper Using the \"Chandrasekhar Recursions\" for likelihood evaluation of DSGE models, Finance and Economics Discussion Series (2012) (2012)

2014

8. SEQUENTIAL MONTE CARLO SAMPLING FOR DSGE MODELS
   Journal of Applied Econometrics, 2014, 29, (7), 1073-1098 View citations (93)
   See also Working Paper Sequential Monte Carlo Sampling for DSGE Models, NBER Working Papers (2013) View citations (18) (2013)

2012

9. Evaluating DSGE model forecasts of comovements
   Journal of Econometrics, 2012, 171, (2), 152-166 View citations (49)
   See also Working Paper Evaluating DSGE model forecasts of comovements, Finance and Economics Discussion Series (2012) View citations (53) (2012)

Books

2016

1. Bayesian Estimation of DSGE Models
   Economics Books, Princeton University Press View citations (149)

Chapters

2014

1. Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination
   A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014, pp 289-344 View citations (13)
   See also Working Paper Effective Monetary Policy Strategies in New Keynesian Models: A Re-examination, National Bureau of Economic Research, Inc (2014) View citations (11) (2014)
   Journal Article Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination, University of Chicago Press (2015) View citations (23) (2015)