Professional Experience

• • Economist

    Board of Governors of the Federal Reserve System

  • 2004 - present

Publications

• Chung, Hess, Jean-Philippe Laforte, David Reifschneider, and John C. Williams (2012). "Have we Underestimated the Likelihood and Severity of Zero Lower Bound Events?" Journal of Money, Credit, and Banking, vol. 44, pp. 47-82.
• Chung, Hess, Jean-Philippe Laforte, David Reifschneider, and John C. Williams (2011). "Estimating the Macroeconomic Effects of the Fed's Asset Purchases," FRBSF Economic Letter, vol. 2011, no. 3, pp. 1-5.
• Chung, Hess, Jean-Philippe Laforte, David Reifschneider, and John C. Williams (2011). "Have we Underestimated the Likelihood and Severity of Zero Lower Bound Events?" Working Paper Series 2011-01. Federal Reserve Bank of San Francisco.
• Chung, Hess, Michael T. Kiley, and Jean-Philippe Laforte (2010). "Documentation of the Estimated, Dynamic, Optimization- Based (EDO) Model of the U.S. Economy," Finance and Economics Discussion Series 2010-29. Board of Governors of the Federal Reserve System (U.S.).
• Edge, Rochelle M., Michael T. Kiley, and Jean-Philippe Laforte (2010). "A Comparison of Forecast Performance between Federal Reserve Staff Forecasts, Simple Reduced-Form Models, and a DSGE Model," Journal of Applied Econometrics, vol. 25, no. 4, pp. 720-754.
• Edge, Rochelle M., Michael T. Kiley, and Jean-Philippe Laforte (2009). "A Comparison of Forecast Performance between Federal Reserve Staff Forecasts, Simple Reduced-Form Models, and a DSGE Model," Finance and Economics Discussion Series 2009-10. Board of Governors of the Federal Reserve System (U.S.).
• Edge, Rochelle M., Michael T. Kiley, and Jean-Philippe Laforte (2008). "Natural Rate Measures in an Estimated DSGE Model of the U.S. Economy," Journal of Economic Dynamics and Control, vol. 32, no. 8, pp. 2512-2535.
• Edge, Rochelle M., Michael T. Kiley, and Jean-Philippe Laforte (2007). "Documentation of the Research and Statistics Division's Estimated DSGE Model of the U.S. Economy: 2006 Version," Finance and Economic Discussion Series 2007-53. Board of Governors of the Federal Reserve System (U.S.).
• Edge, Rochelle M., Michael T. Kiley, and Jean-Philippe Laforte (2007). "Documentation of the Research and Statistics Division's Estimated DSGE Model of the U.S. Economy, 2006 Version," Finance and Economics Discussion Series 2007-53. Board of Governors of the Federal Reserve System (U.S.).
• Edge, Rochelle M., Michael T. Kiley, and Jean-Philippe Laforte (2007). "Natural Rate Measures in an Estimated DSGE Model of the U.S. Economy," Finance and Economics Discussion Series 2007-08. Board of Governors of the Federal Reserve System (U.S.).

Other Activities