Christian Matthes

Federal Reserve Bank of Richmond

P.O. Box 27622

Richmond, VA 23261

United States

SCHOLARLY PAPERS

32

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SSRN CITATIONS
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Top 8,605

in Total Papers Citations

67

CROSSREF CITATIONS

82

Scholarly Papers (32)

1.

Time-Varying Parameter Vector Autoregressions: Specification, Estimation, and an Application

Number of pages: 30 Posted: 04 Nov 2016 Last Revised: 15 Nov 2016
Thomas A. Lubik and Christian Matthes
Johns Hopkins University - Department of Economics and Federal Reserve Bank of Richmond
Downloads 485 (84,433)
Citation 7

Abstract:

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2.
Downloads 358 (119,874)
Citation 2

Assessing Macroeconomic Tail Risk

Number of pages: 47 Posted: 10 Jan 2022
Francesca Loria, Christian Matthes and Donghai Zhang
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Richmond and Institute for Macroeconomics and Econometrics - University of Bonn
Downloads 174 (242,471)

Abstract:

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Macroeconomic Risk, Shocks, Local Projections

Assessing Macroeconomic Tail Risk

FRB Richmond Working Paper No. 19-10
Number of pages: 22 Posted: 19 Apr 2019 Last Revised: 30 May 2019
Francesca Loria, Christian Matthes and Donghai Zhang
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Richmond and Institute for Macroeconomics and Econometrics - University of Bonn
Downloads 157 (264,657)

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macroeconomic risk, shocks, local projections

Assessing Macroeconomic Tail Risk

FEDS Working Paper No. 2019-026
Number of pages: 21 Posted: 16 Apr 2019
Francesca Loria, Christian Matthes and Donghai Zhang
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Richmond and Institute for Macroeconomics and Econometrics - University of Bonn
Downloads 27 (678,980)
Citation 2

Abstract:

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Macroeconomic risk, Shocks, Local projections

Understanding the Size of the Government Spending Multiplier: It's in the Sign

Number of pages: 53 Posted: 18 Jul 2017
Regis Barnichon and Christian Matthes
Federal Reserve Bank of San Francisco and Federal Reserve Bank of Richmond
Downloads 173 (243,742)
Citation 11

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Understanding the Size of the Government Spending Multiplier: It's in the Sign

CEPR Discussion Paper No. DP11373
Number of pages: 54 Posted: 11 Jul 2016
Regis Barnichon and Christian Matthes
Federal Reserve Bank of San Francisco and Federal Reserve Bank of Richmond
Downloads 0
Citation 2
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4.

Assessing U.S. Aggregate Fluctuations Across Time and Frequencies

Bank of Finland Research Discussion Paper No. 5/2019
Number of pages: 67 Posted: 21 Feb 2019 Last Revised: 18 Nov 2021
Thomas A. Lubik, Christian Matthes and Fabio Verona
Johns Hopkins University - Department of Economics, Federal Reserve Bank of Richmond and Bank of Finland - Research
Downloads 88 (398,379)
Citation 1

Abstract:

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Wavelets, bandpass filter, SVAR, sign restrictions, DSGE model

5.

Choosing Prior Hyperparameters

FRB Richmond Working Paper No. 16-9
Number of pages: 40 Posted: 25 Aug 2016
Pooyan Amir-Ahmadi, Christian Matthes and Mu-Chun Wang
University of Illinois at Urbana-Champaign - Department of Economics, Federal Reserve Bank of Richmond and Goethe University Frankfurt
Downloads 84 (409,587)

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6.

Understanding the Size of the Government Spending Multiplier: It's in the Sign

FRB Richmond Working Paper No. 17-15
Posted: 18 Dec 2017 Last Revised: 07 Apr 2018
Christian Matthes
Federal Reserve Bank of Richmond
Downloads 65 (471,336)

Abstract:

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government spending

Indeterminacy and Learning: An Analysis of Monetary Policy in the Great Inflation

FRB Richmond Working Paper No. 14-2
Posted: 14 Jul 2021
Thomas Lubik and Christian Matthes
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Bank of Richmond

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Indeterminacy and Learning: An Analysis of Monetary Policy in the Great Inflation

CAMA Working Paper No. 16/2014
Number of pages: 51 Posted: 10 Feb 2014 Last Revised: 11 Feb 2014
Thomas Lubik and Christian Matthes
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Bank of Richmond
Downloads 31 (649,954)
Citation 7

Abstract:

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Federal Reserve, Great Moderation, Bayesian Estimation, Least Squares Learning

Indeterminacy and Learning: An Analysis of Monetary Policy in the Great Inflation

FRB Richmond Working Paper No. 14-02
Number of pages: 50 Posted: 08 Feb 2014
Thomas Lubik and Christian Matthes
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Bank of Richmond
Downloads 24 (702,999)
Citation 4

Abstract:

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Federal Reserve, Great Moderation, Bayesian Estimation, Least Squares Learning

8.

Optimal Disinflation Under Learning

FRB of New York Staff Report No. 524
Number of pages: 40 Posted: 10 Nov 2011
Timothy Cogley, Christian Matthes and Argia M. Sbordone
Leonard N. Stern School of Business - Department of Economics, Federal Reserve Bank of Richmond and Federal Reserve Bank of New York
Downloads 50 (532,379)
Citation 15

Abstract:

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inflation, monetary policy, learning, policy reforms, transitions

9.

Theory Ahead of Measurement? Assessing the Nonlinear Effects of Financial Market Disruptions

FRB Richmond Working Paper No. 16-15
Number of pages: 43 Posted: 02 Dec 2016
Regis Barnichon, Christian Matthes and Alexander Ziegenbein
Federal Reserve Bank of San Francisco, Federal Reserve Bank of Richmond and Universitat Pompeu Fabra
Downloads 46 (550,984)

Abstract:

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10.

A Bayesian Approach to Optimal Monetary Policy with Parameter and Model Uncertainty

Bank of England Working Paper No. 414
Number of pages: 74 Posted: 18 Mar 2011
Leonard N. Stern School of Business - Department of Economics, London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP), Federal Reserve Bank of Richmond, European Central Bank (ECB) and affiliation not provided to SSRN
Downloads 45 (555,854)
Citation 6

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Approximating Time Varying Structural Models with Time Invariant Structures

Banque de France Working Paper No. 578
Number of pages: 45 Posted: 02 Dec 2015
Fabio Canova, Filippo Ferroni and Christian Matthes
BI Norwegian Business School, Federal Reserve Bank of Chicago and Federal Reserve Bank of Richmond
Downloads 43 (577,469)
Citation 15

Abstract:

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Structural model, time varying coefficients, endogenous variations, misspecification

Approximating Time Varying Structural Models with Time Invariant Structures

CEPR Discussion Paper No. DP10803
Number of pages: 43 Posted: 08 Sep 2015
Fabio Canova, Filippo Ferroni and Christian Matthes
BI Norwegian Business School, Federal Reserve Bank of Chicago and Federal Reserve Bank of Richmond
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endogenous variations, misspecification, Structural model, time varying coefficients

12.

Drifts, Volatilities, and Impulse Responses Over the Last Century

Richmond Fed Working Paper No. 14-10
Number of pages: 54 Posted: 10 Apr 2014
Pooyan Amir-Ahmadi, Christian Matthes and Mu‐Chun Wang
University of Illinois at Urbana-Champaign - Department of Economics, Federal Reserve Bank of Richmond and University of Hamburg - Faculty of Economics and Business Administration
Downloads 43 (565,747)
Citation 2

Abstract:

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Bayesian VAR, Time variation, U.S. monetary policy

Learning About Fiscal Policy and the Effects of Policy Uncertainty

FRB Richmond Working Paper No. 13-15
Number of pages: 39 Posted: 04 Oct 2013
Josef Hollmayr and Christian Matthes
Goethe University Frankfurt and Federal Reserve Bank of Richmond
Downloads 29 (664,067)
Citation 6

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DSGE, Fiscal Policy, Learning

Learning About Fiscal Policy and the Effects of Policy Uncertainty

Bundesbank Discussion Paper No. 51/2013
Number of pages: 36 Posted: 21 Jun 2016
Josef Hollmayr and Christian Matthes
Goethe University Frankfurt and Federal Reserve Bank of Richmond
Downloads 13 (803,667)

Abstract:

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DSGE, Fiscal Policy, Learning

14.

What Do Sectoral Dynamics Tell Us About the Origins of Business Cycles?

FRB Richmond Working Paper No. 19-9
Number of pages: 79 Posted: 11 Apr 2019
Christian Matthes and Felipe F. Schwartzman
Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 40 (581,305)

Abstract:

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Indeterminacy and Imperfect Information

FRB Richmond Working Paper No. 19-17
Number of pages: 62 Posted: 22 Oct 2019
Thomas Lubik, Christian Matthes and Elmar Mertens
Federal Reserve Banks - Federal Reserve Bank of Richmond, Federal Reserve Bank of Richmond and Deutsche Bundesbank
Downloads 17 (764,228)

Abstract:

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16.

Monetary Policy Across Space and Time

FRB Richmond Working Paper No. 18-14
Number of pages: 33 Posted: 02 Oct 2018 Last Revised: 21 Feb 2019
Laura Liu, Christian Matthes and Katerina Petrova
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Richmond and University of St Andrews
Downloads 37 (597,563)

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Monetary policy spillovers, time-varying parameters, changing volatility

A Composite Likelihood Approach for Dynamic Structural Models

FRB Richmond Working Paper No. 18-12
Number of pages: 41 Posted: 20 Aug 2018 Last Revised: 21 Feb 2019
Fabio Canova and Christian Matthes
BI Norwegian Business School and Federal Reserve Bank of Richmond
Downloads 37 (611,457)

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dynamic structural models, composite likelihood, identification, singularity, large scale models, panel data

A Composite Likelihood Approach for Dynamic Structural Models

CEPR Discussion Paper No. DP13245
Number of pages: 45 Posted: 22 Oct 2018
Fabio Canova and Christian Matthes
BI Norwegian Business School and Federal Reserve Bank of Richmond
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composite likelihood, dynamic structural models, identification, large scale models, panel data, singularity

18.

Measurement Errors and Monetary Policy: Then and Now

FRB Richmond Working Paper No. 15-13
Number of pages: 37 Posted: 30 Nov 2015
Pooyan Amir-Ahmadi, Christian Matthes and Mu-Chun Wang
University of Illinois at Urbana-Champaign - Department of Economics, Federal Reserve Bank of Richmond and Goethe University Frankfurt
Downloads 37 (597,563)

Abstract:

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real-time data, time-varying parameters, stochastic volatility, impulse responses

Tales of Transition Paths: Policy Uncertainty and Random Walks

Bundesbank Discussion Paper No. 14/2015
Number of pages: 34 Posted: 21 Jun 2016
Josef Hollmayr and Christian Matthes
Goethe University Frankfurt and Federal Reserve Bank of Richmond
Downloads 16 (773,650)

Abstract:

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DSGE, Monetary-Fiscal Policy Interaction, Learning

Tales of Transition Paths: Policy Uncertainty and Random Walks

FRB Richmond Working Paper No. 15-11
Number of pages: 38 Posted: 25 Sep 2015
Josef Hollmayr and Christian Matthes
Goethe University Frankfurt and Federal Reserve Bank of Richmond
Downloads 15 (783,394)

Abstract:

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DSGE, Monetary-Fiscal Policy Interaction, Learning

20.

Beveridge Curve Shifts and Time-Varying Parameter Vars

Number of pages: 30 Posted: 03 Aug 2017 Last Revised: 30 Aug 2017
Thomas A. Lubik, Christian Matthes and Andrew Patrick Owens
Johns Hopkins University - Department of Economics, Federal Reserve Bank of Richmond and Independent
Downloads 29 (646,303)

Abstract:

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labor markets, TVP-VAR, Beveridge curve, time-varying parameter vector-autoregressions

21.

How to Go Viral: A Covid-19 Model with Endogenously Time-Varying Parameters

FRB Richmond Working Paper No. 20-10
Number of pages: 35 Posted: 02 Oct 2020 Last Revised: 23 Oct 2020
Paul Ho, Thomas Lubik and Christian Matthes
Federal Reserve Banks - Federal Reserve Bank of Richmond, Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Bank of Richmond
Downloads 25 (674,762)
Citation 4

Abstract:

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22.

Optimized Taylor Rules for Disinflation When Agents are Learning

FRB Richmond Working Paper No. 14-07
Number of pages: 34 Posted: 02 Apr 2014
Timothy Cogley, Christian Matthes and Argia M. Sbordone
Leonard N. Stern School of Business - Department of Economics, Federal Reserve Bank of Richmond and Federal Reserve Bank of New York
Downloads 23 (690,054)
Citation 1

Abstract:

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inflation, monetary policy, learning, policy reforms, transitions

23.

Assessing U.S. Aggregate Fluctuations Across Time and Frequencies

FRB Richmond Working Paper No. 19-6
Number of pages: 45 Posted: 01 Mar 2019 Last Revised: 29 Apr 2020
Thomas Lubik, Christian Matthes and Fabio Verona
Federal Reserve Banks - Federal Reserve Bank of Richmond, Federal Reserve Bank of Richmond and Bank of Finland - Research
Downloads 20 (713,780)

Abstract:

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24.

How Likely is the Zero Lower Bound?

Number of pages: 17 Posted: 12 Mar 2019 Last Revised: 29 Apr 2020
Thomas Lubik and Christian Matthes
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Bank of Richmond
Downloads 12 (784,796)

Abstract:

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TVP-VAR, zero lower bound, federal funds rates

25.

Inflation Measured Every Day Keeps Adverse Responses Away: Temporal Aggregation and Monetary Policy Transmission

FEDS Working Paper No. 2022-54
Number of pages: 48 Posted: 08 Sep 2022
Margaret Jacobson, Christian Matthes and Todd B. Walker
Federal Reserve Board, Federal Reserve Bank of Richmond and Indiana University Bloomington - Department of Economics
Downloads 10 (804,561)

Abstract:

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Disaggregated inflation, Billion prices project, High-frequency macroeconomics, Monetary policy transmission, Temporal aggregation bias

Economic Theories and Macroeconomic Reality

Journal of Monetary Economics, Forthcoming
Posted: 27 Dec 2021
Francesca Loria, Christian Matthes and Mu-Chun Wang
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Richmond and Deutsche Bundesbank - Research Centre

Abstract:

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Bayesian Inference, Misspecification, Heterogeneity, VAR, DSGE

27.

Detecting and Analyzing the Effects of Time‐Varying Parameters in DSGE Models

International Economic Review, Vol. 61, Issue 1, pp. 105-125, 2020
Number of pages: 21 Posted: 22 May 2020
Fabio Canova, Filippo Ferroni and Christian Matthes
BI Norwegian Business School, Federal Reserve Bank of Chicago and Federal Reserve Bank of Richmond
Downloads 3 (882,563)
Citation 1

Abstract:

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28.

Choosing the Variables to Estimate Singular DSGE Models

CEPR Discussion Paper No. DP9381
Number of pages: 36 Posted: 12 Mar 2013
Fabio Canova, Filippo Ferroni and Christian Matthes
BI Norwegian Business School, Federal Reserve Bank of Chicago and Federal Reserve Bank of Richmond
Downloads 2 (896,175)
Citation 2
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ABCD representation, Density ratio, DSGE models., Identification

29.

Dealing with Misspecification in Structural Macroeconometric Models

CEPR Discussion Paper No. DP13511
Number of pages: 51 Posted: 11 Feb 2019 Last Revised: 18 Feb 2019
Fabio Canova and Christian Matthes
BI Norwegian Business School and Federal Reserve Bank of Richmond
Downloads 0 (926,617)
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Bayesian model averaging, composite likelihood, finite mixture, model misspecification

30.

Assessing the Non-Linear Effects of Credit Market Shocks

CEPR Discussion Paper No. DP11410
Number of pages: 49 Posted: 25 Jul 2016
Regis Barnichon, Christian Matthes and Alexander Ziegenbein
Federal Reserve Bank of San Francisco, Federal Reserve Bank of Richmond and Universitat Pompeu Fabra
Downloads 0 (926,617)
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31.

Gaussian Mixture Approximations of Impulse Responses and the Non-Linear Effects of Monetary Shocks

CEPR Discussion Paper No. DP11374
Number of pages: 65 Posted: 11 Jul 2016
Regis Barnichon and Christian Matthes
Federal Reserve Bank of San Francisco and Federal Reserve Bank of Richmond
Downloads 0 (926,617)
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32.

Stimulus Versus Austerity: The Asymmetric Government Spending Multiplier

CEPR Discussion Paper No. DP10584
Number of pages: 28 Posted: 12 May 2015
Régis Barnichon and Christian Matthes
International Monetary Fund (IMF) and Federal Reserve Bank of Richmond
Downloads 0 (926,617)
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fiscal policy, Gaussian Mixture Approximation