Christian Matthes

Federal Reserve Bank of Richmond

701 East Byrd Street 

Richmond, VA 23219

Email: christian.matthes@rich.frb.org

Any opinions expressed on this website do not necessarily reflect those of the Federal Reserve Bank of Richmond or the Federal Reserve System

 


Research Interests

·         Macroeconomics

·         Econometrics

Curriculum Vitae

·         CV

Working Papers


           
  
              ·         "Choosing Prior Hyperparameters" with Pooyan Amir-Ahmadi and Mu-Chun Wang (Online Appendix ) 

         
    ·        "Theory Ahead of Measurement? Assessing the Nonlinear Effects of Financial Market Disruptions " with Regis Barnichon and Alexander Ziegenbein    

             ·         "Approximating time varying structural models with time invariant structures " with Fabio Canova and Filippo Ferroni      
 
             ·         "Understanding the Size of the Government Spending Multiplier: It's All in the Sign " with Regis Barnichon   (Online Appendix ) 
         
              ·
        
"
Functional Approximation of Impulse Responses: Insights into the Effects of Monetary Shocks " with Regis Barnichon  (Online Appendix ) 
                        (please email me or Regis if you are interested in code that implements FAIR)

            ·         "Tales of Transition Paths: Policy Uncertainty and Random Walks"  with Josef Hollmayr  

             

Publications

·         "A Bayesian Approach to Optimal Monetary Policy with Parameter and Model Uncertainty" with Bianca De Paoli, Tim Cogley, Kalin Nikolov and Tony Yates. Journal of Economic Dynamics and Control, 2011, Elsevier, vol. 35(12), pages 2186-2212. Appendix

·         "What Drives Inflation in New Keynesian Models?" with Mu-Chun Wang.  Economics Letters, 2012, Elsevier, vol. 114(3), pages 338-342

·         "Choosing the variables to estimate singular DSGE models" with Fabio Canova and Filippo Ferroni,  Journal of  Applied Econometrics, 2014, vol. 29(7), pages 1099-1117

·         "Figuring Out the Fed - Beliefs about Policymakers and Gains from Transparency "  Journal of Money, Credit & Banking, 2015, vol. 47(1), pages 1-29

·         Online Appendix for "Figuring Out the Fed - Beliefs about Policymakers and Gains from Transparency "

·         "Optimized Taylor Rules for Disinflation When Agents are Learning " with Tim Cogley and Argia Sbordone, Journal of Monetary Economics, May 2015, vol. 72, pages 131-147

            ·         Online Appendix for "Optimized Taylor Rules for Disinflation When Agents are Learning " with Tim Cogley and Argia Sbordone

             ·         "Learning about Fiscal Policy and the Effects of Policy Uncertainty"  with Josef Hollmayr , Journal of Economic Dynamics and Control, October 2015, vol. 59, pages 142-162
               
      
             ·         "Drifts and Volatilities under Measurement Error: Assessing Monetary Policy Shocks over the Last Century" with Pooyan Amir-Ahmadi and Mu-Chun Wang , Quantitative Economics, July 2016, 
                     vol. 7 (2), pages 591-611 (this is a substantially revised version of Richmond Fed working paper 14-10)

              ·         "Indeterminacy and Learning: An Analysis of Monetary Policy in the Great Inflation" with Thomas Lubik, Journal of Monetary Economics, September 2016, vol. 82, pages 85-106

             ·         "Measurement Errors and Monetary Policy: Then and Now" with Pooyan Amir-Ahmadi and Mu-Chun Wang, Journal of Economic Dynamics and Control, Volume 79, June 2017, Pages 66-78

              ·         Appendix for "Measurement Errors and Monetary Policy: Then and Now" with Pooyan Amir-Ahmadi and Mu-Chun Wang

              ·         "Two-sided Learning and Short-Run Dynamics in a New Keynesian Model of the Economy" with Francesca Rondina, Economics Letters, Volume 159, October 2017, Pages 53-56

              ·         Appendix for "Two-sided Learning and Short-Run Dynamics in a New Keynesian Model of the Economy" with Francesca Rondina

Other Work


·         "Are the Effects of Fiscal Policy Asymmetric?" with Regis Barnichon and David Price, Richmond Fed Economic Brief 17-09

·         "The Natural Rate of Unemployment over the Past 100 Years"  with Regis Barnichon, FRBSF Economic Letter  2017-23

·         "Beveridge Curve Shifts and Time-Varying Parameter VARs"  with Thomas Lubik and Andrew Owens, Richmond Fed Economic Quarterly, Third Quarter 2016

·         "Are the Effects of Monetary Policy Asymmetric?" with Regis Barnichon and Tim Sablik, Richmond Fed Economic Brief 17-03

·         "The Burns Disinflation of 1974" with Thomas Lubik and Tim Sablik, Richmond Fed Economic Brief 16-11

·         "Time-Varying Parameter Vector Autoregressions: Specification, Estimation, and an Application"  with Thomas Lubik, Richmond Fed Economic Quarterly, Fourth Quarter 2015

·         "Calculating the Natural Rate of Interest: A Comparison of Two Alternative Approaches" with Thomas Lubik, Richmond Fed Economic Brief 15-10. Natural rate data

·         "Practicing Dynare" with Francisco Barillas, Riccardo Colacito, Sagiri Kitao, Thomas Sargent and Yongs Shin. Source Code

·         "Learning about Fiscal Policy Uncertainty" with Tim Sablik, Richmond Fed Economic Brief 14-01

·         Code to create Dynare files for robust LQ problems with Saki Bigio

·         Code to solve model in "Figuring out the Fed" 

·         Code to estimate TVP-VAR with measurement error (from "Drifts and Volatilities") with  Pooyan Amir-Ahmadi and Mu-Chun Wang


 

Old Working Papers