Research areas
Bayesian econometrics, Markov-switching models, monetary policy, identification in macroeconomic models, DSGE estimation.
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
- roger-farmer (UCLA / University of Warwick) — co-author of MSRE determinacy papers.
- daniel-waggoner (Federal Reserve Bank of Atlanta) — co-author of MSRE determinacy papers.
My notes
Co-author of FWZ 2009. Also co-author with Sims of the influential Sims-Zha (2006) paper on U.S. monetary policy regime changes in backward-looking VARs.