Hess T. Chung

Board of Governors of the Federal Reserve System

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SCHOLARLY PAPERS

11

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CROSSREF CITATIONS

7

Scholarly Papers (11)

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1.

Monetary Policy Options at the Effective Lower Bound: Assessing the Federal Reserve'S Current Policy Toolkit

FEDS Working Paper No. 2019-3
Number of pages: 63 Posted: 07 Feb 2019 Last Revised: 21 Feb 2019
Hess T. Chung, Etienne Gagnon, Taisuke Nakata, Matthias O. Paustian, Bernd Schlusche, James Trevino, Diego Vilan and Wei Zheng
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 148 (325,444)
Citation 13

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2.

Alternative Strategies: How Do They Work? How Might They Help?

FEDS Working Paper No. 2020-68
Number of pages: 31 Posted: 01 Sep 2020
Jonas Arias, Martin Bodenstein, Hess T. Chung, Thorsten Drautzburg and Andrea Raffo
Federal Reserve Bank of Philadelphia, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 92 (459,733)
Citation 8

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3.

Documentation of the Estimated, Dynamic, Optimization-Based (EDO) Model of the U.S. Economy: 2010 Version

FEDS Working Paper No. 29
Number of pages: 67 Posted: 19 Mar 2011
Michael T. Kiley, Jean-Philippe Laforte and Hess T. Chung
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 81 (496,946)
Citation 5

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DSGE model, policy model

4.

Considerations Regarding Inflation Ranges

FEDS Working Paper No. 2020-75
Number of pages: 36 Posted: 01 Sep 2020
Hess T. Chung, Brian M. Doyle, James Hebden and Michael Siemer
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 77 (511,765)
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5.

Assessing the Change in Labor Market Conditions

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Citation 2

Assessing the Change in Labor Market Conditions

FEDS Working Paper No. 2014-109
Posted: 09 Jul 2021 Last Revised: 24 Jun 2022
Hess T. Chung, Bruce Fallick, Christopher J. Nekarda and David Ratner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

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LMCI, U.S. labor market, dynamic factor models, employment, unemployment rates

Assessing the Change in Labor Market Conditions

FRB of Cleveland Working Paper No. 14-38
Number of pages: 35 Posted: 24 Dec 2014
Hess T. Chung, Bruce Fallick, Christopher J. Nekarda and David Ratner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 66 (565,065)
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LMCI, U.S. labor market, dynamic factor model, unemployment rate, employment

Assessing the Change in Labor Market Conditions

FEDS Notes No. 2014-05-22 https://doi.org/10.17016/2380-7172.0019
Posted: 16 Dec 2014
Hess T. Chung, Bruce Fallick, Christopher J. Nekarda and David Ratner
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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6.

Effective Monetary Policy Strategies in New Keynesian Models: A Re-Examination

NBER Working Paper No. w20611
Number of pages: 50 Posted: 27 Oct 2014 Last Revised: 27 Apr 2023
Hess T. Chung, Edward Herbst and Michael T. Kiley
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 24 (813,981)
Citation 3

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7.

Latent Variables Analysis in Structural Models: A New Decomposition of the Kalman Smoother

FEDS Working Paper No. 2020-100
Number of pages: 38 Posted: 07 Dec 2020
Hess T. Chung, Cristina Fuentes-Albero, Matthias O. Paustian and Damjan Pfajfar
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 21 (840,149)

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Kalman smoother, latent variables, Shock decomposition, Data decomposition, Double decomposition

8.

Balance Sheet Policies in an Evolving Economy: Some Modelling Advances and Illustrative Simulations

FEDS Notes No. 2023-02-03-1
Posted: 12 May 2023
Hess T. Chung, Etienne Gagnon, James Hebden, Kyungmin Kim, Bernd Schlusche, Eric Till, James Trevino and Diego Vilan
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Independent, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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9.

Documentation of the Estimated, Dynamic, Optimization-Based (Edo) Model of the U.S. Economy: 2010 Version

FEDS Working Paper No. 2010-29
Posted: 09 Jul 2021
Hess T. Chung, Michael T. Kiley and Jean-Philippe Laforte
Board of Governors of the Federal Reserve System, affiliation not provided to SSRN and affiliation not provided to SSRN

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10.

The Effects of Forward Guidance in Three Macro Models

FEDS Notes No. 2015-02-26-1 https://doi.org/10.17016/2380-7172.1488
Posted: 22 Oct 2015
Hess T. Chung
Board of Governors of the Federal Reserve System

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11.

Updating the Labor Market Conditions Index

FEDS Notes No. 2014-10-01 https://doi.org/10.17016/2380-7172.0028
Posted: 16 Dec 2014
Hess T. Chung, Christopher J. Nekarda and David Ratner
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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