Details about Tao Zha

Homepage:	https://www.tzha.net/
Phone:	404-723-3254
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 30
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 2025-07-06. Update your information in the RePEc Author Service.

Short-id: pzh80

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Working Papers

2024

1. Constructing Quarterly Chinese Time Series Usable for Macroeconomic Analysis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   See also Journal Article Constructing quarterly Chinese time series usable for macroeconomic analysis, Journal of International Money and Finance, Elsevier (2024) View citations (1) (2024)
2. Global Contagion of Financial Reforms
   IMF Working Papers, International Monetary Fund View citations (1)
3. Privatization's Impacts on State-Owned Enterprises: A Tale of Zombie versus Healthy Firms
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

4. China's Macroeconomic Development: The Role of Gradualist Reforms
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
5. The Impact of Monetary Policy on Bank Funding Composition: The Role of Deposit Market Regulation
   NBER Working Papers, National Bureau of Economic Research, Inc

2022

6. A Theory of Housing Demand Shocks
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (12)
   Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2019) View citations (8)
   2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (9)
   NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (9)
   See also Journal Article A theory of housing demand shocks, Journal of Economic Theory, Elsevier (2022) View citations (8) (2022)

2021

7. Behavior and the Transmission of COVID-19
   Staff Report, Federal Reserve Bank of Minneapolis View citations (7)
   See also Journal Article Behavior and the Transmission of COVID-19, AEA Papers and Proceedings, American Economic Association (2021) View citations (12) (2021)
8. The S-curve: Understanding the Dynamics of Worldwide Financial Liberalization
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2021)

2020

9. Aggregate and Distributional Impacts of LTV Policy: Evidence from China's Micro Data
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
10. Cyclical Lending Standards: A Structural Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2020) View citations (1)
    See also Journal Article Cyclical Lending Standards: A Structural Analysis, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (5) (2021)
11. Discount Shock, Price-Rent Dynamics, and the Business Cycle
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (4)
    See also Journal Article DISCOUNT SHOCK, PRICE–RENT DYNAMICS, AND THE BUSINESS CYCLE, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2020) View citations (3) (2020)
12. Does Fiscal Policy Matter for Stock-Bond Return Correlation?
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Does fiscal policy matter for stock-bond return correlation?, Journal of Monetary Economics, Elsevier (2022) View citations (2) (2022)
13. Estimating and Forecasting Disease Scenarios for COVID-19 with an SIR Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
14. Four Stylized Facts about COVID-19
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (32)
    Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (17)
    See also Journal Article FOUR STYLIZED FACTS ABOUT COVID‐19, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2024) (2024)
15. Monetary Stimulus Amidst the Infrastructure Investment Spree: Evidence from China's Loan-Level Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2020)
    See also Journal Article Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data, Journal of Finance, American Finance Association (2023) View citations (2) (2023)
16. Online Appendix to "Cyclical Lending Standards: A Structural Analysis"
    Online Appendices, Review of Economic Dynamics View citations (1)
    See also Journal Article Cyclical Lending Standards: A Structural Analysis, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (5) (2021)
17. Stock-Bond Return Correlation, Bond Risk Premium Fundamentals, and Fiscal-Monetary Policy Regime
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta

2018

18. Macroeconomic Effects of China's Financial Policies
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (7)

2017

19. The Asymmetric Transmission of China's Monetary Policy
    2017 Meeting Papers, Society for Economic Dynamics
20. The Nexus of Monetary Policy and Shadow Banking in China
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article The Nexus of Monetary Policy and Shadow Banking in China, American Economic Review, American Economic Association (2018) View citations (213) (2018)

2016

21. Forecasting China's Economic Growth and Inflation
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (6)
    See also Journal Article Forecasting China's economic growth and inflation, China Economic Review, Elsevier (2016) View citations (6) (2016)
22. Impacts of Monetary Stimulus on Credit Allocation and Macroeconomy: Evidence from China
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (14)
23. What We Learn from China's Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (20)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2016) View citations (23)

2015

24. Assessing the macroeconomic impact of bank intermediation shocks: a structural approach
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (2)
25. Land Prices and Unemployment
    2015 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2013) View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (15)
    Working Paper Series, Federal Reserve Bank of San Francisco (2013) View citations (26)
    See also Journal Article Land prices and unemployment, Journal of Monetary Economics, Elsevier (2016) View citations (40) (2016)
26. Lending Efficiency Shocks
    2015 Meeting Papers, Society for Economic Dynamics
27. Trends and Cycles in China's Macroeconomy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2015) View citations (20)
    See also Chapter Trends and Cycles in China's Macroeconomy, NBER Chapters, National Bureau of Economic Research, Inc (2015) View citations (32) (2015)
    Journal Article Trends and Cycles in China's Macroeconomy, NBER Macroeconomics Annual, University of Chicago Press (2016) View citations (28) (2016)

2014

28. Liquidity Premia, Price-Rent Dynamics, and Business Cycles
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (6)
29. Perturbation Methods for Markov-Switching DSGE Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (8)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2014) View citations (34)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2013) View citations (14)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (20)
    Working Papers, FEDEA (2013) View citations (36)
    Research Working Paper, Federal Reserve Bank of Kansas City (2013) View citations (24)
    See also Journal Article Perturbation methods for Markov‐switching dynamic stochastic general equilibrium models, Quantitative Economics, Econometric Society (2016) View citations (47) (2016)
30. The Dynamic Striated Metropolis-Hastings Sampler for High-Dimensional Models
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (1)

2013

31. Monetary Policy at the Zero Lower Bound: An Endogenous Switching Approach to Forward Guidance
    2013 Meeting Papers, Society for Economic Dynamics

2012

32. Confronting Model Misspecification in Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (74)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2010) View citations (3)
    See also Journal Article Confronting model misspecification in macroeconomics, Journal of Econometrics, Elsevier (2012) View citations (72) (2012)
33. Land-Price Dynamics and Macroeconomic Fluctuations
    2012 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (35)
    Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (17)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2011) View citations (54)
    See also Journal Article Land‐Price Dynamics and Macroeconomic Fluctuations, Econometrica, Econometric Society (2013) View citations (253) (2013)

2010

34. Do credit constraints amplify macroeconomic fluctuations?
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (9)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2009) View citations (25)

2009

35. Sources of the Great Moderation: shocks, friction, or monetary policy?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (11)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2009) View citations (14)
36. Understanding Markov-Switching Rational Expectations Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (155)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2009) View citations (146)
    See also Journal Article Understanding Markov-switching rational expectations models, Journal of Economic Theory, Elsevier (2009) View citations (157) (2009)

2008

37. Asymmetric expectation effects of regime shifts in monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
    See also Journal Article Asymmetric Expectation Effects of Regime Shifts in Monetary Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (57) (2009)
38. Generalizing the Taylor principle: comment
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (3)
    See also Journal Article Generalizing the Taylor Principle: Comment, American Economic Review, American Economic Association (2010) View citations (41) (2010)
39. Learning, Adaptive Expectations, and Technology Shocks
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics View citations (1)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2008) View citations (4)
    Working Paper Series, Federal Reserve Bank of San Francisco (2008) View citations (1)
    See also Journal Article Learning, Adaptive Expectations and Technology Shocks, Economic Journal, Royal Economic Society (2009) View citations (40) (2009)
40. Minimal state variable solutions to Markov-switching rational expectations models
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (62)
    See also Journal Article Minimal state variable solutions to Markov-switching rational expectations models, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (130) (2011)
41. Structural vector autoregressions: theory of identification and algorithms for inference
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (56)
    See also Journal Article Structural Vector Autoregressions: Theory of Identification and Algorithms for Inference, The Review of Economic Studies, Review of Economic Studies Ltd (2010) View citations (784) (2010)

2007

42. Asymmetric Expectation Effects of Regime Shifts and the Great Moderation
    Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2007) View citations (1)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2007) View citations (2)
43. Indeterminacy in a forward-looking regime-switching model
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (17)
    See also Journal Article Indeterminacy in a forward‐looking regime switching model, International Journal of Economic Theory, The International Society for Economic Theory (2009) View citations (27) (2009)
44. Macroeconomic Volatility and Monetary Policy Regimes
    2007 Meeting Papers, Society for Economic Dynamics
45. Understanding the New Keynesian model when monetary policy switches regimes
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (18)

2006

46. Assessing Changes in U.S. Monetary Policy in a Regime-Switching Rational Expectations Model
    2006 Meeting Papers, Society for Economic Dynamics
47. Markov-Switching Structural Vector Autoregressions: Theory and Application
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (46)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2005) View citations (21)
48. Methods for inference in large multiple-equation Markov-switching models
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (11)
    See also Journal Article Methods for inference in large multiple-equation Markov-switching models, Journal of Econometrics, Elsevier (2008) View citations (189) (2008)
49. The Conquest of South American Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2006) View citations (64)
    See also Journal Article The Conquest of South American Inflation, Journal of Political Economy, University of Chicago Press (2009) View citations (105) (2009)
50. Transparency, expectations, and forecasts
    Working Paper Series, European Central Bank View citations (26)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2006) View citations (13)
    See also Journal Article Transparency, expectations and forecasts, Economic Review, Federal Reserve Bank of Atlanta (2006) View citations (24) (2006)

2005

51. Were There Regime Switches in U.S. Monetary Policy?
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. View citations (19)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2004) View citations (58)
    See also Journal Article Were There Regime Switches in U.S. Monetary Policy?, American Economic Review, American Economic Association (2006) View citations (1379) (2006)

2004

52. Effects of monetary policy regime changes in the Euro Economy
    2004 Meeting Papers, Society for Economic Dynamics View citations (1)
53. MCMC method for Markov mixture simultaneous-equation models: a note
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (4)
54. Normalization in econometrics
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (19)
    See also Journal Article Normalization in Econometrics, Econometric Reviews, Taylor & Francis Journals (2007) View citations (60) (2007)
55. Shocks and Government Beliefs: The Rise and Fall of American Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2004) View citations (29)
    See also Journal Article Shocks and Government Beliefs: The Rise and Fall of American Inflation, American Economic Review, American Economic Association (2006) View citations (168) (2006)

2003

56. Modest policy interventions
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (311)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1999) View citations (24)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2002) View citations (22)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (11)
    See also Journal Article Modest policy interventions, Journal of Monetary Economics, Elsevier (2003) View citations (316) (2003)

2002

57. Empirical Analysis of Policy Interventions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Journal Article Empirical analysis of policy interventions, Proceedings, Federal Reserve Bank of San Francisco (2002) View citations (14) (2002)
58. Evaluating Wall Street Journal survey forecasters: a multivariate approach
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (25)

2000

59. A Gibbs simulator for restricted VAR models
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (4)
60. Assessing simple policy rules: a view from a complete macro model
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (32)
61. Likelihood-preserving normalization in multiple equation models
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (13)
    See also Journal Article Likelihood preserving normalization in multiple equation models, Journal of Econometrics, Elsevier (2003) View citations (55) (2003)

1999

62. 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 (6)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1999) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (6)
    Working Papers, Michigan - Center for Research on Economic & Social Theory (1999) View citations (6)

1998

63. Conditional forecasts in dynamic multivariate models
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (56)
    See also Journal Article Conditional Forecasts In Dynamic Multivariate Models, The Review of Economics and Statistics, MIT Press (1999) View citations (228) (1999)
64. Does monetary policy generate recessions?
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (103)
    See also Journal Article DOES MONETARY POLICY GENERATE RECESSIONS?, Macroeconomic Dynamics, Cambridge University Press (2006) View citations (288) (2006)

1997

65. Normalization, probability distribution, and impulse responses
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (15)
66. Trends in velocity and policy expectations
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
    See also Journal Article Trends in velocity and policy expectations, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1998) View citations (8) (1998)

1996

67. Bayesian methods for dynamic multivariate models
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (9)
    See also Journal Article Bayesian Methods for Dynamic Multivariate Models, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1998) View citations (725) (1998)
68. Identification, vector autoregression, and block recursion
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (2)

1995

69. Bankruptcy law, capital allocation, and aggregate effects: a dynamic heterogeneous agent model with incomplete markets
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (1)
    See also Journal Article Bankruptcy Law, Capital Allocation, and Aggregate Effects: A Dynamic Heterogenous Agent Model with Incomplete Markets, Annals of Economics and Finance, Society for AEF (2001) View citations (8) (2001)
70. Error bands for impulse responses
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (23)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1994) View citations (32)
    See also Journal Article Error Bands for Impulse Responses, Econometrica, Econometric Society (1999) View citations (625) (1999)
71. Identifying monetary policy in a small open economy under flexible exchange rates
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (7)
    See also Journal Article Identifying monetary policy in a small open economy under flexible exchange rates, Journal of Monetary Economics, Elsevier (1997) View citations (582) (1997)

1992

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

Journal Articles

2024

1. Constructing quarterly Chinese time series usable for macroeconomic analysis
   Journal of International Money and Finance, 2024, 143, (C) View citations (1)
   See also Working Paper Constructing Quarterly Chinese Time Series Usable for Macroeconomic Analysis, NBER Working Papers (2024) View citations (1) (2024)
2. FOUR STYLIZED FACTS ABOUT COVID‐19
   International Economic Review, 2024, 65, (1), 3-42
   See also Working Paper Four Stylized Facts about COVID-19, FRB Atlanta Working Paper (2020) View citations (17) (2020)
3. What Accounts for the Growing Divergence between Employment Measures?
   Policy Hub, 2024, 2024, (6), 17

2023

4. Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data
   Journal of Finance, 2023, 78, (2), 1147-1204 View citations (2)
   See also Working Paper Monetary Stimulus Amidst the Infrastructure Investment Spree: Evidence from China's Loan-Level Data, NBER Working Papers (2020) View citations (1) (2020)

2022

5. A theory of housing demand shocks
   Journal of Economic Theory, 2022, 203, (C) View citations (8)
   See also Working Paper A Theory of Housing Demand Shocks, Working Paper Series (2022) View citations (12) (2022)
6. Does fiscal policy matter for stock-bond return correlation?
   Journal of Monetary Economics, 2022, 128, (C), 20-34 View citations (2)
   See also Working Paper Does Fiscal Policy Matter for Stock-Bond Return Correlation?, NBER Working Papers (2020) (2020)

2021

7. Behavior and the Transmission of COVID-19
   AEA Papers and Proceedings, 2021, 111, 356-60 View citations (12)
   See also Working Paper Behavior and the Transmission of COVID-19, Staff Report (2021) View citations (7) (2021)
8. Cyclical Lending Standards: A Structural Analysis
   Review of Economic Dynamics, 2021, 42, 283-306 View citations (5)
   See also Working Paper Cyclical Lending Standards: A Structural Analysis, NBER Working Papers (2020) View citations (2) (2020)
   Working Paper Online Appendix to "Cyclical Lending Standards: A Structural Analysis", Online Appendices (2020) View citations (1) (2020)
   Software Item Code and data files for "Cyclical Lending Standards: A Structural Analysis", Computer Codes (2020) (2020)

2020

9. DISCOUNT SHOCK, PRICE–RENT DYNAMICS, AND THE BUSINESS CYCLE
   International Economic Review, 2020, 61, (3), 1229-1252 View citations (3)
   See also Working Paper Discount Shock, Price-Rent Dynamics, and the Business Cycle, FRB Atlanta Working Paper (2020) View citations (3) (2020)
10. Impacts of COVID-19: Mitigation Efforts versus Herd Immunity
    Policy Hub, 2020, 2020, (3), 13

2018

11. The Nexus of Monetary Policy and Shadow Banking in China
    American Economic Review, 2018, 108, (12), 3891-3936 View citations (213)
    See also Working Paper The Nexus of Monetary Policy and Shadow Banking in China, NBER Working Papers (2017) View citations (15) (2017)

2016

12. Forecasting China's economic growth and inflation
    China Economic Review, 2016, 41, (C), 46-61 View citations (6)
    See also Working Paper Forecasting China's Economic Growth and Inflation, FRB Atlanta Working Paper (2016) View citations (13) (2016)
13. Land prices and unemployment
    Journal of Monetary Economics, 2016, 80, (C), 86-105 View citations (40)
    See also Working Paper Land Prices and Unemployment, 2015 Meeting Papers (2015) View citations (1) (2015)
14. Perturbation methods for Markov‐switching dynamic stochastic general equilibrium models
    Quantitative Economics, 2016, 7, (2), 637-669 View citations (47)
    See also Working Paper Perturbation Methods for Markov-Switching DSGE Models, NBER Working Papers (2014) View citations (20) (2014)
15. Striated Metropolis–Hastings sampler for high-dimensional models
    Journal of Econometrics, 2016, 192, (2), 406-420 View citations (9)
16. Trends and Cycles in China's Macroeconomy
    NBER Macroeconomics Annual, 2016, 30, (1), 1 - 84 View citations (28)
    See also Chapter Trends and Cycles in China's Macroeconomy, NBER Chapters, 2015, 1-84 (2015) View citations (32) (2015)
    Working Paper Trends and Cycles in China's Macroeconomy, NBER Working Papers (2015) View citations (20) (2015)

2013

17. Land‐Price Dynamics and Macroeconomic Fluctuations
    Econometrica, 2013, 81, (3), 1147-1184 View citations (253)
    See also Working Paper Land-Price Dynamics and Macroeconomic Fluctuations, 2012 Meeting Papers (2012) View citations (2) (2012)

2012

18. Confronting model misspecification in macroeconomics
    Journal of Econometrics, 2012, 171, (2), 167-184 View citations (72)
    See also Working Paper Confronting Model Misspecification in Macroeconomics, NBER Working Papers (2012) View citations (74) (2012)

2011

19. Minimal state variable solutions to Markov-switching rational expectations models
    Journal of Economic Dynamics and Control, 2011, 35, (12), 2150-2166 View citations (130)
    See also Working Paper Minimal state variable solutions to Markov-switching rational expectations models, FRB Atlanta Working Paper (2008) View citations (62) (2008)
20. Sources of macroeconomic fluctuations: A regime‐switching DSGE approach
    Quantitative Economics, 2011, 2, (2), 251-301 View citations (135)

2010

21. Generalizing the Taylor Principle: Comment
    American Economic Review, 2010, 100, (1), 608-17 View citations (41)
    See also Working Paper Generalizing the Taylor principle: comment, FRB Atlanta Working Paper (2008) View citations (3) (2008)
22. Structural Vector Autoregressions: Theory of Identification and Algorithms for Inference
    The Review of Economic Studies, 2010, 77, (2), 665-696 View citations (784)
    See also Working Paper Structural vector autoregressions: theory of identification and algorithms for inference, FRB Atlanta Working Paper (2008) View citations (56) (2008)

2009

23. Asymmetric Expectation Effects of Regime Shifts in Monetary Policy
    Review of Economic Dynamics, 2009, 12, (2), 284-303 View citations (57)
    See also Working Paper Asymmetric expectation effects of regime shifts in monetary policy, Working Paper Series (2008) View citations (8) (2008)
    Software Item Code files for "Asymmetric Expectation Effects of Regime Shifts in Monetary Policy", Computer Codes (2009) (2009)
24. Indeterminacy in a forward‐looking regime switching model
    International Journal of Economic Theory, 2009, 5, (1), 69-84 View citations (27)
    See also Working Paper Indeterminacy in a forward-looking regime-switching model, FRB Atlanta Working Paper (2007) View citations (5) (2007)
25. Learning, Adaptive Expectations and Technology Shocks
    Economic Journal, 2009, 119, (536), 377-405 View citations (40)
    Also in Economic Journal, 2009, 119, (536), 377-405 (2009) View citations (30)
    See also Working Paper Learning, Adaptive Expectations, and Technology Shocks, Vanderbilt University Department of Economics Working Papers (2008) View citations (1) (2008)
26. The Conquest of South American Inflation
    Journal of Political Economy, 2009, 117, (2), 211-256 View citations (105)
    See also Working Paper The Conquest of South American Inflation, NBER Working Papers (2006) View citations (15) (2006)
27. Understanding Markov-switching rational expectations models
    Journal of Economic Theory, 2009, 144, (5), 1849-1867 View citations (157)
    See also Working Paper Understanding Markov-Switching Rational Expectations Models, NBER Working Papers (2009) View citations (155) (2009)

2008

28. Methods for inference in large multiple-equation Markov-switching models
    Journal of Econometrics, 2008, 146, (2), 255-274 View citations (189)
    See also Working Paper Methods for inference in large multiple-equation Markov-switching models, FRB Atlanta Working Paper (2006) View citations (11) (2006)

2007

29. Comment on An and Schorfheide's Bayesian Analysis of DSGE Models
    Econometric Reviews, 2007, 26, (2-4), 205-210
30. Normalization in Econometrics
    Econometric Reviews, 2007, 26, (2-4), 221-252 View citations (60)
    See also Working Paper Normalization in econometrics, FRB Atlanta Working Paper (2004) View citations (19) (2004)

2006

31. DOES MONETARY POLICY GENERATE RECESSIONS?
    Macroeconomic Dynamics, 2006, 10, (2), 231-272 View citations (288)
    See also Working Paper Does monetary policy generate recessions?, FRB Atlanta Working Paper (1998) View citations (103) (1998)
32. Shocks and Government Beliefs: The Rise and Fall of American Inflation
    American Economic Review, 2006, 96, (4), 1193-1224 View citations (168)
    See also Working Paper Shocks and Government Beliefs: The Rise and Fall of American Inflation, NBER Working Papers (2004) View citations (20) (2004)
33. Transparency, expectations and forecasts
    Economic Review, 2006, 91, (Q 1), 1-25 View citations (24)
    See also Working Paper Transparency, expectations, and forecasts, Working Paper Series (2006) View citations (26) (2006)
34. Were There Regime Switches in U.S. Monetary Policy?
    American Economic Review, 2006, 96, (1), 54-81 View citations (1379)
    See also Working Paper Were There Regime Switches in U.S. Monetary Policy?, Working Papers (2005) View citations (19) (2005)

2005

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

2003

36. A Gibbs sampler for structural vector autoregressions
    Journal of Economic Dynamics and Control, 2003, 28, (2), 349-366 View citations (103)
37. Forecast evaluation with cross-sectional data: The Blue Chip Surveys
    Economic Review, 2003, 88, (Q2), 17-31 View citations (27)
38. Likelihood preserving normalization in multiple equation models
    Journal of Econometrics, 2003, 114, (2), 329-347 View citations (55)
    See also Working Paper Likelihood-preserving normalization in multiple equation models, FRB Atlanta Working Paper (2000) View citations (13) (2000)
39. Modest policy interventions
    Journal of Monetary Economics, 2003, 50, (8), 1673-1700 View citations (316)
    See also Working Paper Modest policy interventions, FRB Atlanta Working Paper (2003) View citations (311) (2003)

2002

40. Empirical analysis of policy interventions
    Proceedings, 2002, (Mar) View citations (14)
    See also Working Paper Empirical Analysis of Policy Interventions, NBER Working Papers (2002) View citations (18) (2002)
41. Macroeconomic switching
    Proceedings, 2002, (Mar) View citations (38)
42. Quantifying the uncertainty about the half-life of deviations from PPP
    Journal of Applied Econometrics, 2002, 17, (2), 107-125 View citations (68)

2001

43. Assessing simple policy rules: A view from a complete macroeconomic model
    Economic Review, 2001, 86, (Q4), 35-58 View citations (27)
    Also in Review, 2001, 83, (Jul), 83-112 (2001) View citations (30)
44. 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 View citations (8)
    See also Working Paper Bankruptcy law, capital allocation, and aggregate effects: a dynamic heterogeneous agent model with incomplete markets, FRB Atlanta Working Paper (1995) View citations (1) (1995)

2000

45. Monetary policy and racial unemployment rates
    Economic Review, 2000, 85, (Q4), 1-16 View citations (17)

1999

46. Block recursion and structural vector autoregressions
    Journal of Econometrics, 1999, 90, (2), 291-316 View citations (141)
47. Conditional Forecasts In Dynamic Multivariate Models
    The Review of Economics and Statistics, 1999, 81, (4), 639-651 View citations (228)
    See also Working Paper Conditional forecasts in dynamic multivariate models, FRB Atlanta Working Paper (1998) View citations (56) (1998)
48. Error Bands for Impulse Responses
    Econometrica, 1999, 67, (5), 1113-1156 View citations (625)
    See also Working Paper Error bands for impulse responses, FRB Atlanta Working Paper (1995) View citations (23) (1995)
49. Evaluating the effects of monetary policy with economic models
    Economic Review, 1999, 84, (Q4), 4-15

1998

50. A dynamic multivariate model for use in formulating policy
    Economic Review, 1998, 83, (Q 1), 16-29 View citations (16)
51. Bayesian Methods for Dynamic Multivariate Models
    International Economic Review, 1998, 39, (4), 949-68 View citations (725)
    See also Working Paper Bayesian methods for dynamic multivariate models, FRB Atlanta Working Paper (1996) View citations (9) (1996)
52. Trends in velocity and policy expectations
    Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), 265-304 View citations (8)
    See also Working Paper Trends in velocity and policy expectations, FRB Atlanta Working Paper (1997) (1997)

1997

53. Identifying monetary policy in a small open economy under flexible exchange rates
    Journal of Monetary Economics, 1997, 39, (3), 433-448 View citations (582)
    See also Working Paper Identifying monetary policy in a small open economy under flexible exchange rates, FRB Atlanta Working Paper (1995) View citations (7) (1995)
54. Identifying monetary policy: a primer
    Economic Review, 1997, 82, (Q 2), 26-43 View citations (15)

1996

55. What Does Monetary Policy Do?
    Brookings Papers on Economic Activity, 1996, 27, (2), 1-78 View citations (820)

Chapters

2015

1. Trends and Cycles in China's Macroeconomy
   A chapter in NBER Macroeconomics Annual 2015, Volume 30, 2015, pp 1-84 View citations (32)
   See also Working Paper Trends and Cycles in China's Macroeconomy, National Bureau of Economic Research, Inc (2015) View citations (20) (2015)
   Journal Article Trends and Cycles in China's Macroeconomy, University of Chicago Press (2016) View citations (28) (2016)

Software Items

2020

1. Code and data files for "Cyclical Lending Standards: A Structural Analysis"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Cyclical Lending Standards: A Structural Analysis, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (5) (2021)

2009

2. Code files for "Asymmetric Expectation Effects of Regime Shifts in Monetary Policy"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Asymmetric Expectation Effects of Regime Shifts in Monetary Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (57) (2009)