Photo of Hess T. Chung

Hess T. Chung

Education

  • Ph.D., Economics, Indiana University, 2009
  • B.S., Mathematics, University of Chicago, 1994
  • Economist

    Board of Governors of the Federal Reserve System

    2008 - 2013
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2013 - 2015
  • Principal Economist and Group Manager

    Board of Governors of the Federal Reserve System

    2015 - present
  • Chung, Hess (2015). "The Effects of Forward Guidance in Three Macro Models," FEDS Notes 2015-02-26. Board of Governors of the Federal Reserve System (U.S.).
  • Chung, Hess, Bruce C. Fallick, Christopher J. Nekarda, and David Ratner (2015). "Assessing the Change in Labor Market Conditions," Working Paper 1438. Federal Reserve Bank of Cleveland.
  • Chung, Hess, Edward Herbst, and Michael T. Kiley (2015). "Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination," NBER Macroeconomics Annual, University of Chicago Press, vol. 29, no. 1, pp. 289-344.
  • Chung, Hess, Michael T. Kiley, and Jean-Philippe Laforte (2010). "Documentation of the Estimated, Dynamic, Optimization- Based (EDO) Model of the U.S. Economy," Finance and Economics Discussion Series 2010-29. Board of Governors of the Federal Reserve System (U.S.).
  • Chung, Hess, Bruce Fallick, Christopher J. Nekarda, and David Ratner. (2014) "Assessing the Change in Labor Market Conditions," Finance and Economics Discussion Series 2014-109. Board of Governors of the Federal Reserve System (U.S.).
  • Chung, Hess, Christopher J. Nekarda, and David Ratner (2014). "Updating the Labor Market Conditions Index," FEDS Notes 2014-10-01. Board of Governors of the Federal Reserve System (U.S.).
  • Chung, Hess, Bruce Fallick, Christopher J. Nekarda, and David Ratner (2014). "Assessing the Change in Labor Market Conditions," FEDS Notes 2014-05-22. Board of Governors of the Federal Reserve System (U.S.).
  • Chung, Hess, Edward Herbst, and Michael T. Kiley (2014). "Effective Monetary Policy Strategies in New Keynesian Models: A Re-Examination," NBER Working Papers 20611. National Bureau of Economic Research, Inc.
  • Chung, Hess, Jean-Philippe Laforte, David Reifschneider, and John C. Williams (2012). "Have we Underestimated the Likelihood and Severity of Zero Lower Bound Events?" Journal of Money, Credit, and Banking, vol. 44, pp. 47-82.
  • Chung, Hess, Jean-Philippe Laforte, David Reifschneider, and John C. Williams (2011). "Estimating the Macroeconomic Effects of the Fed's Asset Purchases," FRBSF Economic Letter, 2011-3, pp. 1-5.
  • Chung, Hess, and Eric M. Leeper (2007). "What has Financed Government Debt?" NBER Working Papers 13425. National Bureau of Economic Research, Inc.
  • Chung, Hess, Troy Davig, and Eric M. Leeper (2007). "Monetary and Fiscal Policy Switching," Journal of Money, Credit, and Banking, vol. 39, no. 4, pp. 809-842.
Last update: May 19, 2017