Research Staff and Resources

Contact Information
202-452-2339
rochelle.m.edge@frb.gov

Fields of Interest
Macroeconomics
Monetary Economics
Banking and Financial Institutions

Education
Ph.D., Economics, Princeton University, 2000
M.A., Economics, Princeton University, 1997
B.A., Economics, Australian National University, 1992

Professional Experience
Board of Governors of the Federal Reserve System, 2000-present
Economist, Australian Treasury, 1993-1995

Selected Publications

• ''A Comparison of Forecast Performance Between Federal Reserve Staff Forecasts, Simple Reduced-Form Models, and a DSGE Model '' (with Michael T. Kiley and Jean-Philippe Laforte), Journal of Applied Econometrics (forthcoming).
• ''Welfare-Maximizing Monetary Policy under Parameter Uncertainty'' (with Thomas Laubach and John C. Williams), Journal of Applied Econometrics (forthcoming).
• ''Natural Rate Measures in an Estimated DSGE Model of the U.S. Economy '' (with Michael T. Kiley and Jean-Philippe Laforte), Journal of Economic Dynamics and Control, vol. 32 (August 2008), pp. 2512-2535.
• ''Learning and Shifts in Long-Run Productivity Growth'' (with Thomas Laubach and John C. Williams), Journal of Monetary Economics, vol. 54 (November 2007), pp. 2421-2438.
• ''Taxation and the Taylor Principle'' (with Jeremy B. Rudd), Journal of Monetary Economics, vol. 54 (November 2007), pp. 2554-2567.
• ''Time-to-Build, Time-to-Plan, Habit-Persistence, and the Liquidity Effect,'' Journal of Monetary Economics, vol. 54 (September 2007), pp. 1644-1669.
• ''The Equivalence of Wage and Price Staggering in Monetary Business Cycle Models,'' Review of Economic Dynamics, vol. 5 (July 2002), pp. 559-85.
• Documentation of the Research and Statistics Division’s Estimated DSGE Model of the U.S. Economy: 2006 Version (with Michael T. Kiley and Jean-Philippe Laforte), Finance and Economics Discussion Series 2007-53. Washington: Board of Governors of the Federal Reserve System, 2007.
• Temporary Partial Expensing in a General-Equilibrium Model (with Jeremy B. Rudd), Finance and Economics Discussion Series 2005-19. Washington: Board of Governors of the Federal Reserve System, 2005.
• A Utility-Based Welfare Criterion in a Model with Endogenous Capital Accumulation, Finance and Economics Discussion Series 2003-66. Washington: Board of Governors of the Federal Reserve System, 2003.
• The Responses of Wages and Prices to Technology Shocks (with Thomas Laubach and John C. Williams), Finance and Economics Discussion Series 2003-65. Washington: Board of Governors of the Federal Reserve System, 2003.
• The Effect of Monetary Policy on Residential and Structures Investment Under Differential Project Planning and Completion Times, International Finance Discussion Papers 671. Washington: Board of Governors of the Federal Reserve System, 2000.