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Details about Tao Zha

E-mail:
Homepage:http://www.tzha.net/
Phone:404-498-8353
Postal address:Research Department Federal Reserve Bank of Atlanta 1000 Peachtree Street, N.E. Atlanta, GA 30309-4470 or Emory University Economics Department 1602 Fishburne Drive Rich Bldg Room 306 Atlanta, GA 30322-2240
Workplace:Center for Quantitative Economic Research (CQER), Federal Reserve Bank of Atlanta, (more information at EDIRC)
Department of Economics, Emory University, (more information at EDIRC)
Economic Research Department, Federal Reserve Bank of Atlanta, (more information at EDIRC)

Access statistics for papers by Tao Zha.

Last updated 2014-09-17. Update your information in the RePEc Author Service.

Short-id: pzh80


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Working Papers

2014

  1. Liquidity Premia, Price-Rent Dynamics, and Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Perturbation Methods for Markov-Switching DSGE Models
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2013) Downloads
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) Downloads
    Working Paper, Federal Reserve Bank of Atlanta (2013) Downloads View citations (2)
    Working Papers, FEDEA (2013) Downloads

2013

  1. Land Prices and Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Paper, Federal Reserve Bank of Atlanta (2013) Downloads View citations (1)
    Working Paper Series, Federal Reserve Bank of San Francisco (2013) Downloads View citations (1)
  2. Monetary Policy at the Zero Lower Bound: An Endogenous Switching Approach to Forward Guidance
    2013 Meeting Papers, Society for Economic Dynamics

2012

  1. Confronting Model Misspecification in Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    Also in Working Paper, Federal Reserve Bank of Atlanta (2010) Downloads
    Emory Economics, Department of Economics, Emory University (Atlanta) (2010) Downloads

    See also Journal Article in Journal of Econometrics (2012)
  2. Land-Price Dynamics and Macroeconomic Fluctuations
    2012 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (10)
    Working Paper, Federal Reserve Bank of Atlanta (2011) Downloads View citations (14)
    Working Paper Series, Federal Reserve Bank of San Francisco (2011) Downloads View citations (6)

    See also Journal Article in Econometrica (2013)

2010

  1. Do credit constraints amplify macroeconomic fluctuations?
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (3)
    Also in Emory Economics, Department of Economics, Emory University (Atlanta) (2009) Downloads View citations (1)
    Working Paper Series, Federal Reserve Bank of San Francisco (2009) Downloads View citations (12)
  2. Minimal State Variable Solutions to Markov-switching Rational Expectations Models
    Emory Economics, Department of Economics, Emory University (Atlanta) Downloads View citations (8)
    Also in Working Paper, Federal Reserve Bank of Atlanta (2008) Downloads View citations (23)

    See also Journal Article in Journal of Economic Dynamics and Control (2011)
  3. Perturbation Methods for Markov-Switching Models
    2010 Meeting Papers, Society for Economic Dynamics View citations (2)
  4. Sources of Macroeconomic Fluctuations: A Regime-switching DSGE Approach
    Emory Economics, Department of Economics, Emory University (Atlanta) Downloads View citations (26)
    See also Journal Article in Quantitative Economics (2011)

2009

  1. International Harmonization of the Patent-awarding Rules
    Emory Economics, Department of Economics, Emory University (Atlanta) Downloads
  2. Sources of the Great Moderation: shocks, friction, or monetary policy?
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (8)
    Also in Emory Economics, Department of Economics, Emory University (Atlanta) (2008) Downloads
    Working Paper, Federal Reserve Bank of Atlanta (2009) Downloads View citations (10)
  3. Understanding Markov-Switching Rational Expectations Models
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (23)
    Also in Working Paper, Federal Reserve Bank of Atlanta (2009) Downloads View citations (21)

    See also Journal Article in Journal of Economic Theory (2009)

2008

  1. Asymmetric expectation effects of regime shifts in monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (6)
    See also Journal Article in Review of Economic Dynamics (2009)
  2. Generalizing the Taylor principle: comment
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (2)
    See also Journal Article in American Economic Review (2010)
  3. Learning, Adaptive Expectations, and Technology Shocks
    Emory Economics, Department of Economics, Emory University (Atlanta) Downloads
    Also in Working Paper, Federal Reserve Bank of Atlanta (2008) Downloads View citations (3)
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics (2008) Downloads View citations (1)
    Working Paper Series, Federal Reserve Bank of San Francisco (2008) Downloads

    See also Journal Article in Economic Journal (2009)
  4. Structural vector autoregressions: theory of identification and algorithms for inference
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (54)
    See also Journal Article in Review of Economic Studies (2010)

2007

  1. Asymmetric Expectation Effects of Regime Shifts and the Great Moderation
    Emory Economics, Department of Economics, Emory University (Atlanta) Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (1)
    Working Paper, Federal Reserve Bank of Atlanta (2007) Downloads View citations (3)
  2. Expectation Effects of Regimes Shifts in Monetary Policy
    Kiel Working Papers, Kiel Institute for the World Economy Downloads View citations (6)
  3. Indeterminacy in a forward-looking regime-switching model
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (12)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (9)

    See also Journal Article in International Journal of Economic Theory (2009)
  4. Macroeconomic Volatility and Monetary Policy Regimes
    2007 Meeting Papers, Society for Economic Dynamics
  5. Understanding the New Keynesian model when monetary policy switches regimes
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (9)

2006

  1. Assessing Changes in U.S. Monetary Policy in a Regime-Switching Rational Expectations Model
    2006 Meeting Papers, Society for Economic Dynamics
  2. Markov-Switching Structural Vector Autoregressions: Theory and Application
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (35)
    Also in Working Paper, Federal Reserve Bank of Atlanta (2005) Downloads View citations (6)
  3. Methods for inference in large multiple-equation Markov-switching models
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (13)
    See also Journal Article in Journal of Econometrics (2008)
  4. The Conquest of South American Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    Also in Working Paper, Federal Reserve Bank of Atlanta (2006) Downloads View citations (12)

    See also Journal Article in Journal of Political Economy (2009)
  5. Transparency, expectations, and forecasts
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (5)
    Also in Working Paper Series, European Central Bank (2006) Downloads View citations (4)

    See also Journal Article in Economic Review (2006)

2005

  1. Were There Regime Switches in U.S. Monetary Policy?
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. Downloads View citations (6)
    Also in Working Paper, Federal Reserve Bank of Atlanta (2004) Downloads View citations (35)

    See also Journal Article in American Economic Review (2006)

2004

  1. Effects of monetary policy regime changes in the Euro Economy
    2004 Meeting Papers, Society for Economic Dynamics View citations (1)
  2. MCMC method for Markov mixture simultaneous-equation models: a note
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (2)
  3. Normalization in econometrics
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (15)
    See also Journal Article in Econometric Reviews (2007)
  4. Shocks and Government Beliefs: The Rise and Fall of American Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in Working Paper, Federal Reserve Bank of Atlanta (2004) Downloads View citations (24)

    See also Journal Article in American Economic Review (2006)

2003

  1. Modest policy interventions
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (107)
    Also in Working Paper, Federal Reserve Bank of Atlanta (1999) Downloads View citations (23)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (8)
    Working Paper, Federal Reserve Bank of Atlanta (2002) Downloads View citations (22)

    See also Journal Article in Journal of Monetary Economics (2003)

2002

  1. Empirical Analysis of Policy Interventions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
    See also Journal Article in Proceedings (2002)
  2. Evaluating Wall Street Journal survey forecasters: a multivariate approach
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (18)

2000

  1. A Gibbs simulator for restricted VAR models
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (3)
  2. Assessing simple policy rules: a view from a complete macro model
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (28)
  3. Likelihood-preserving normalization in multiple equation models
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (6)
    See also Journal Article in Journal of Econometrics (2003)

1999

  1. Quantifying the Half-Life of Deviations from PPP: The Role of Economic Priors
    Working Papers, Research Seminar in International Economics, University of Michigan View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) Downloads View citations (1)
    Working Papers, Michigan - Center for Research on Economic & Social Theory (1999) View citations (1)
    Working Paper, Federal Reserve Bank of Atlanta (1999) Downloads View citations (2)

1998

  1. Conditional forecasts in dynamic multivariate models
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (30)
    See also Journal Article in The Review of Economics and Statistics (1999)
  2. Does monetary policy generate recessions?
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (91)
    See also Journal Article in Macroeconomic Dynamics (2006)

1997

  1. Normalization, probability distribution, and impulse responses
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (11)
  2. Trends in velocity and policy expectations
    Working Paper, Federal Reserve Bank of Atlanta Downloads
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1998)

1996

  1. Bayesian methods for dynamic multivariate models
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (4)
    See also Journal Article in International Economic Review (1998)
  2. Identification, vector autoregression, and block recursion
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (2)

1995

  1. Bankruptcy law, capital allocation, and aggregate effects: a dynamic heterogeneous agent model with incomplete markets
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (1)
    See also Journal Article in Annals of Economics and Finance (2001)
  2. Error bands for impulse responses
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (14)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1994) Downloads View citations (27)

    See also Journal Article in Econometrica (1999)
  3. Identifying monetary policy in a small open economy under flexible exchange rates
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (4)
    See also Journal Article in Journal of Monetary Economics (1997)

1992

  1. Heterogeneity, Capital Allocation and Bankruptcy Law in an Economy with Incomplete Asset Markets
    Working Papers, Saskatchewan - Department of Economics

Journal Articles

2013

  1. Land‐Price Dynamics and Macroeconomic Fluctuations
    Econometrica, 2013, 81, (3), 1147-1184 Downloads View citations (22)
    See also Working Paper (2012)

2012

  1. Confronting model misspecification in macroeconomics
    Journal of Econometrics, 2012, 171, (2), 167-184 Downloads View citations (4)
    See also Working Paper (2012)

2011

  1. Minimal state variable solutions to Markov-switching rational expectations models
    Journal of Economic Dynamics and Control, 2011, 35, (12), 2150-2166 Downloads View citations (28)
    See also Working Paper (2010)
  2. Sources of macroeconomic fluctuations: A regime‐switching DSGE approach
    Quantitative Economics, 2011, 2, (2), 251-301 View citations (11)
    See also Working Paper (2010)

2010

  1. Generalizing the Taylor Principle: Comment
    American Economic Review, 2010, 100, (1), 608-17 Downloads View citations (15)
    See also Working Paper (2008)
  2. Structural Vector Autoregressions: Theory of Identification and Algorithms for Inference
    Review of Economic Studies, 2010, 77, (2), 665-696 Downloads View citations (34)
    See also Working Paper (2008)

2009

  1. Asymmetric Expectation Effects of Regime Shifts in Monetary Policy
    Review of Economic Dynamics, 2009, 12, (2), 284-303 Downloads View citations (15)
    See also Working Paper (2008)
    Software Item (2009)
  2. Indeterminacy in a forward-looking regime switching model
    International Journal of Economic Theory, 2009, 5, (1), 69-84 Downloads View citations (9)
    See also Working Paper (2007)
  3. Learning, Adaptive Expectations and Technology Shocks
    Economic Journal, 2009, 119, (536), 377-405 Downloads View citations (17)
    See also Working Paper (2008)
  4. The Conquest of South American Inflation
    Journal of Political Economy, 2009, 117, (2), 211-256 Downloads View citations (80)
    See also Working Paper (2006)
  5. Understanding Markov-switching rational expectations models
    Journal of Economic Theory, 2009, 144, (5), 1849-1867 Downloads View citations (35)
    See also Working Paper (2009)

2008

  1. Methods for inference in large multiple-equation Markov-switching models
    Journal of Econometrics, 2008, 146, (2), 255-274 Downloads View citations (43)
    See also Working Paper (2006)

2007

  1. Comment on An and Schorfheide's Bayesian Analysis of DSGE Models
    Econometric Reviews, 2007, 26, (2-4), 205-210 Downloads
  2. Normalization in Econometrics
    Econometric Reviews, 2007, 26, (2-4), 221-252 Downloads View citations (25)
    See also Working Paper (2004)

2006

  1. DOES MONETARY POLICY GENERATE RECESSIONS?
    Macroeconomic Dynamics, 2006, 10, (02), 231-272 Downloads View citations (70)
    See also Working Paper (1998)
  2. Shocks and Government Beliefs: The Rise and Fall of American Inflation
    American Economic Review, 2006, 96, (4), 1193-1224 Downloads View citations (51)
    See also Working Paper (2004)
  3. Transparency, expectations and forecasts
    Economic Review, 2006, (Q 1), 1-25 Downloads View citations (10)
    See also Working Paper (2006)
  4. Were There Regime Switches in U.S. Monetary Policy?
    American Economic Review, 2006, 96, (1), 54-81 Downloads View citations (387)
    See also Working Paper (2005)

2005

  1. Monetary policy and learning
    Review of Economic Dynamics, 2005, 8, (2), 257-261 Downloads

2003

  1. A Gibbs sampler for structural vector autoregressions
    Journal of Economic Dynamics and Control, 2003, 28, (2), 349-366 Downloads View citations (37)
  2. Forecast evaluation with cross-sectional data: The Blue Chip Surveys
    Economic Review, 2003, (Q2), 17-31 Downloads View citations (15)
  3. Likelihood preserving normalization in multiple equation models
    Journal of Econometrics, 2003, 114, (2), 329-347 Downloads View citations (26)
    See also Working Paper (2000)
  4. Modest policy interventions
    Journal of Monetary Economics, 2003, 50, (8), 1673-1700 Downloads View citations (115)
    See also Working Paper (2003)

2002

  1. Empirical analysis of policy interventions
    Proceedings, 2002, (Mar) Downloads View citations (14)
    See also Working Paper (2002)
  2. Macroeconomic switching
    Proceedings, 2002, (Mar) Downloads View citations (33)
  3. Quantifying the uncertainty about the half-life of deviations from PPP
    Journal of Applied Econometrics, 2002, 17, (2), 107-125 Downloads View citations (40)

2001

  1. Assessing simple policy rules: A view from a complete macroeconomic model
    Economic Review, 2001, (Q4), 35-58 Downloads View citations (18)
    Also in Review, 2001, (Jul), 83-112 (2001) Downloads View citations (18)
  2. Bankruptcy Law, Capital Allocation, and Aggregate Effects: A Dynamic Heterogenous Agent Model with Incomplete Markets
    Annals of Economics and Finance, 2001, 2, (2), 379-400 Downloads View citations (3)
    See also Working Paper (1995)

2000

  1. Monetary policy and racial unemployment rates
    Economic Review, 2000, (Q4), 1-16 Downloads View citations (3)

1999

  1. Block recursion and structural vector autoregressions
    Journal of Econometrics, 1999, 90, (2), 291-316 Downloads View citations (54)
  2. Conditional Forecasts In Dynamic Multivariate Models
    The Review of Economics and Statistics, 1999, 81, (4), 639-651 Downloads View citations (43)
    See also Working Paper (1998)
  3. Error Bands for Impulse Responses
    Econometrica, 1999, 67, (5), 1113-1156 View citations (246)
    See also Working Paper (1995)
  4. Evaluating the effects of monetary policy with economic models
    Economic Review, 1999, (Q4), 4-15 Downloads

1998

  1. A dynamic multivariate model for use in formulating policy
    Economic Review, 1998, (Q 1), 16-29 Downloads View citations (9)
  2. Bayesian Methods for Dynamic Multivariate Models
    International Economic Review, 1998, 39, (4), 949-68 View citations (221)
    See also Working Paper (1996)
  3. Trends in velocity and policy expectations
    Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), 265-304 Downloads View citations (7)
    See also Working Paper (1997)

1997

  1. Identifying monetary policy in a small open economy under flexible exchange rates
    Journal of Monetary Economics, 1997, 39, (3), 433-448 Downloads View citations (230)
    See also Working Paper (1995)
  2. Identifying monetary policy: a primer
    Economic Review, 1997, (Q 2), 26-43 Downloads View citations (5)

1996

  1. What Does Monetary Policy Do?
    Brookings Papers on Economic Activity, 1996, 27, (2), 1-78 Downloads View citations (483)

Software Items

2009

  1. Code files for "Asymmetric Expectation Effects of Regime Shifts in Monetary Policy"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article in Review of Economic Dynamics (2009)
 
Page updated 2014-10-30