Research areas
Macroeconomic theory, rational expectations models, indeterminacy and sunspot equilibria, Markov-switching rational expectations, monetary policy, labor markets.
Key papers
- understanding-markov-switching-rational-expectations-models — Farmer, Waggoner, and Zha (2009); necessary and sufficient conditions for determinacy in forward-looking MSRE models. (Journal of Economic Theory.)
Recent work
(not researched)
Collaborators
- daniel-waggoner (Federal Reserve Bank of Atlanta) — co-author of the MSRE determinacy papers.
- tao-zha (Federal Reserve Bank of Atlanta) — co-author of the MSRE determinacy papers.
My notes
Co-author of the foundational MSRE determinacy paper (FWZ 2009) that underpins the CRE asset pricing project’s determinacy checking methodology.