Details about Hess Thomas Chung

Access statistics for papers by Hess Thomas Chung.

Last updated 2023-02-24. Update your information in the RePEc Author Service.

Short-id: pch957

Working Papers

2025

1. Endogenous Labor Supply in an Estimated New-Keynesian Model: Nominal versus Real Rigidities
   Working Papers, Federal Reserve Bank of Cleveland
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2023)

2023

2. Balance Sheet Policies in an Evolving Economy: Some Modelling Advances and Illustrative Simulations
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

2020

3. Alternative Strategies: How Do They Work? How Might They Help?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (12)
4. Considerations Regarding Inflation Ranges
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
5. Latent Variables Analysis in Structural Models: A New Decomposition of the Kalman Smoother
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)

2019

6. Monetary Policy Options at the Effective Lower Bound: Assessing the Federal Reserve's Current Policy Toolkit
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (21)

2018

7. Optimal Monetary Policy in a DSGE Model with Attenuated Forward Guidance Effects
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
8. Simulating the Macroeconomic Effects of Unconventional Monetary Policies
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

2015

9. Assessing the Change in Labor Market Conditions
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2014) View citations (8)
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) (2014) View citations (6)
10. The Effects of Forward Guidance in Three Macro Models
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (4)

2014

11. 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)
12. Updating the Labor Market Conditions Index
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.)

2011

13. Have we underestimated the likelihood and severity of zero lower bound events?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (68)

2010

14. Documentation of the Estimated, Dynamic, Optimization-based (EDO) model of the U.S. economy: 2010 version
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (32)

2007

15. What Has Financed Government Debt?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (86)
    Also in CAEPR Working Papers, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington (2007) View citations (88)

2005

16. Monetary and fiscal policy switching
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (28)
    Econometric Society 2004 North American Summer Meetings, Econometric Society (2004) View citations (20)
    Computing in Economics and Finance 2004, Society for Computational Economics (2004) View citations (22)
    See also Journal Article Monetary and Fiscal Policy Switching, Journal of Money, Credit and Banking, Blackwell Publishing (2007) View citations (134) (2007)

Journal Articles

2011

1. Estimating the macroeconomic effects of the Fed’s asset purchases
   FRBSF Economic Letter, 2011, (jan31) View citations (12)

2007

2. Monetary and Fiscal Policy Switching
   Journal of Money, Credit and Banking, 2007, 39, (4), 809-842 View citations (134)
   See also Working Paper Monetary and fiscal policy switching, Research Working Paper (2005) View citations (6) (2005)

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)