Meet the Researchers
Hess T. Chung
202-973-7484
[email protected]
[email protected]
Education
- Ph.D., Economics, Indiana University, 2009
- B.S., Mathematics, University of Chicago, 1994
Chief
Board of Governors of the Federal Reserve System
2021 - presentPrincipal Economist and Group Manager
Board of Governors of the Federal Reserve System
2015 - 2021Senior Economist
Board of Governors of the Federal Reserve System
2013 - 2015Economist
Board of Governors of the Federal Reserve System
2008 - 2013
- Latent Variables Analysis in Structural Models: A New Decomposition of the Kalman Smoother
Hess Chung, Cristina Fuentes-Albero, Matthias Paustian, and Damjan Pfajfar
Journal of Economic Dynamics & Control (2021)
https://doi.org/10.1016/j.jedc.2021.104097
See also » FRB Working Paper (2020) - Alternative Strategies: How Do They Work? How Might They Help?
Jonas Arias, Martin Bodenstein, Hess Chung, Thorsten Drautzburg, and Andrea Raffo
Finance and Economics Discussion Series (2020)
https://doi.org/10.17016/FEDS.2020.068 - Considerations Regarding Inflation Ranges
Hess Chung, Brian M. Doyle, James Hebden, and Michael Siemer
Finance and Economics Discussion Series (2020)
https://doi.org/10.17016/FEDS.2020.075 - Monetary Policy Options at the Effective Lower Bound: Assessing the Federal Reserve's Current Policy Toolkit
Hess Chung, Etienne Gagnon, Taisuke Nakata, Matthias Paustian, Bernd Schlusche, James Trevino, Diego Vilán, and Wei Zheng
Finance and Economics Discussion Series (2019)
https://doi.org/10.17016/FEDS.2019.003 - Optimal Monetary Policy in a DSGE Model with Attenuated Forward Guidance Effects
Hess Chung, Taisuke Nakata, and Matthias Paustian
FEDS Notes (2018)
https://doi.org/10.17016/2380-7172.2264 - Simulating the Macroeconomic Effects of Unconventional Monetary Policies
Hess Chung, Cynthia Doniger, Cristina Fuentes-Albero, Bernd Schlusche, and Wei Zheng
FEDS Notes (2018)
https://doi.org/10.17016/2380-7172.2225 - Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination
Hess Chung, Edward Herbst, and Michael T. Kiley
NBER Macroeconomics Annual Book Series (2015)
https://doi.org/10.1086/680629 - The Effects of Forward Guidance in Three Macro Models
Hess Chung
FEDS Notes (2015)
https://doi.org/10.17016/2380-7172.1488 - Assessing the Change in Labor Market Conditions
Hess Chung, Bruce Fallick, Christopher J. Nekarda, and David Ratner
FEDS Notes (2014)
https://doi.org/10.17016/2380-7172.0019
See also » FRB Working Paper (2014) - Have We Underestimated the Likelihood and Severity of Zero Lower Bound Events?
Hess Chung, Jean-Philippe Laforte, David Reifschneider, and John C. Williams
Journal of Money, Credit and Banking (2012)
https://doi.org/10.1111/j.1538-4616.2011.00478.x - Estimating the Macroeconomic Effects of the Fed's Asset Purchases
Hess Chung, Jean-Philippe Laforte, David Reifschneider, and John C. Williams
FRBSF Economic Letter (2011) - Documentation of the Estimated, Dynamic, Optimization- Based (EDO) Model of the U.S. Economy
Hess Chung, Michael T. Kiley, and Jean-Philippe Laforte
Finance and Economics Discussion Series (2010)
https://doi.org/10.17016/FEDS.2010.29 - What Has Financed Government Debt?
Hess Chung and Eric M. Leeper
NBER Working Paper Series (2007)
https://doi.org/10.3386/w13425 - Monetary and Fiscal Policy Switching
Hess Chung, Troy Davig, and Eric M. Leeper
Journal of Money, Credit and Banking (2007)
https://doi.org/10.1111/j.1538-4616.2007.00047.x
Last Update:
August 2, 2024