Edward Herbst

Names

Identifer

Contact

Affiliations

• Federal Reserve Board (Board of Governors of the Federal Reserve System)
  • EDIRC entry
  • location:

Research profile

author of:

• The Empirical Implications of the Interest-Rate Lower Bound
  American Economic Review, American Economic Association (2017)
  by Christopher Gust & Edward Herbst & David López-Salido & Matthew E. Smith
  (ReDIF-article, aea:aecrev:v:107:y:2017:i:7:p:1971-2006)
• Monetary Policy, Real Activity, and Credit Spreads: Evidence from Bayesian Proxy SVARs
  American Economic Journal: Macroeconomics, American Economic Association (2019)
  by Dario Caldara & Edward Herbst
  (ReDIF-article, aea:aejmac:v:11:y:2019:i:1:p:157-92)
• Short-Term Planning, Monetary Policy, and Macroeconomic Persistence
  American Economic Journal: Macroeconomics, American Economic Association (2022)
  by Christopher Gust & Edward Herbst & David López-Salido
  (ReDIF-article, aea:aejmac:v:14:y:2022:i:4:p:174-209)
• Short-term Planning, Monetary Policy, and Macroeconomic Persistence
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
  by López-Salido, J David & Gust, Christopher & Herbst, Edward
  (ReDIF-paper, cpr:ceprdp:16141)
• Evaluating DSGE model forecasts of comovements
  Journal of Econometrics, Elsevier (2012)
  by Herbst, Edward & Schorfheide, Frank
  (ReDIF-article, eee:econom:v:171:y:2012:i:2:p:152-166)
• Tempered particle filtering
  Journal of Econometrics, Elsevier (2019)
  by Herbst, Edward & Schorfheide, Frank
  (ReDIF-article, eee:econom:v:210:y:2019:i:1:p:26-44)
• Estimating (Markov-Switching) VAR Models without Gibbs Sampling: A Sequential Monte Carlo Approach
  Working Papers (Old Series), Federal Reserve Bank of Cleveland (2014)
  by Mark Bognanni & Edward P. Herbst
  (ReDIF-paper, fip:fedcwp:1427)
• Evaluating DSGE model forecasts of comovements
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2012)
  by Edward P. Herbst & Frank Schorfheide
  (ReDIF-paper, fip:fedgfe:2012-11)
• Using the \"Chandrasekhar Recursions\" for likelihood evaluation of DSGE models
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2012)
  by Edward P. Herbst
  (ReDIF-paper, fip:fedgfe:2012-35)
• The Empirical Implications of the Interest-Rate Lower Bound
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2012)
  by Christopher J. Gust & Edward P. Herbst & J. David López-Salido & Matthew E. Smith
  (ReDIF-paper, fip:fedgfe:2012-83)
• Sequential Monte Carlo sampling for DSGE models
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2013)
  by Edward P. Herbst & Frank Schorfheide
  (ReDIF-paper, fip:fedgfe:2013-43)
• Estimating (Markov-Switching) VAR Models without Gibbs Sampling: A Sequential Monte Carlo Approach
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2015)
  by Mark Bognanni & Edward P. Herbst
  (ReDIF-paper, fip:fedgfe:2015-116)
• Monetary Policy, Real Activity, and Credit Spreads : Evidence from Bayesian Proxy SVARs
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2016)
  by Dario Caldara & Edward P. Herbst
  (ReDIF-paper, fip:fedgfe:2016-49)
• Tempered Particle Filtering
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2016)
  by Edward P. Herbst & Frank Schorfheide
  (ReDIF-paper, fip:fedgfe:2016-72)
• Forward Guidance with Bayesian Learning and Estimation
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2018)
  by Christopher J. Gust & Edward P. Herbst & J. David López-Salido
  (ReDIF-paper, fip:fedgfe:2018-72)
• Short-term Planning, Monetary Policy, and Macroeconomic Persistence
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020)
  by Christopher J. Gust & Edward P. Herbst & J. David López-Salido
  (ReDIF-paper, fip:fedgfe:2020-03)
• Bias in Local Projections
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020)
  by Edward P. Herbst & Benjamin K. Johannsen
  (ReDIF-paper, fip:fedgfe:2020-10)
• Online Estimation of DSGE Models
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020)
  by Michael Cai & Marco Del Negro & Edward P. Herbst & Ethan Matlin & Reca Sarfati & Frank Schorfheide
  (ReDIF-paper, fip:fedgfe:2020-23)
• The Factor Structure of Disagreement
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2021)
  by Edward P. Herbst & Fabian Winkler
  (ReDIF-paper, fip:fedgfe:2021-46)
• Inflation Expectations with Finite Horizon Planning
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2024)
  by Christopher J. Gust & Edward P. Herbst & J. David López-Salido
  (ReDIF-paper, fip:fedgfe:2024-63)
• How Robust Are Makeup Strategies to Key Alternative Assumptions?
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020)
  by James Hebden & Edward P. Herbst & Jenny Tang & Giorgio Topa & Fabian Winkler
  (ReDIF-paper, fip:fedgfe:88725)
• Online Estimation of DSGE Models
  Liberty Street Economics, Federal Reserve Bank of New York (2019)
  by Michael Cai & Marco Del Negro & Edward P. Herbst & Ethan Matlin & Reca Sarfati & Frank Schorfheide
  (ReDIF-paper, fip:fednls:87349)
• Online Estimation of DSGE Models
  Staff Reports, Federal Reserve Bank of New York (2019)
  by Michael Cai & Marco Del Negro & Edward P. Herbst & Ethan Matlin & Reca Sarfati & Frank Schorfheide
  (ReDIF-paper, fip:fednsr:893)
• Evaluating DSGE model forecasts of comovements
  Working Papers, Federal Reserve Bank of Philadelphia (2011)
  by Edward P. Herbst & Frank Schorfheide
  (ReDIF-paper, fip:fedpwp:11-5)
• Sequential Monte Carlo sampling for DSGE models
  Working Papers, Federal Reserve Bank of Philadelphia (2012)
  by Edward P. Herbst & Frank Schorfheide
  (ReDIF-paper, fip:fedpwp:12-27)
• Using the “Chandrasekhar Recursions” for Likelihood Evaluation of DSGE Models
  Computational Economics, Springer;Society for Computational Economics (2015)
  by Edward Herbst
  (ReDIF-article, kap:compec:v:45:y:2015:i:4:p:693-705)
• Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination
  NBER Chapters, National Bureau of Economic Research, Inc (2014)
  by Hess Chung & Edward Herbst & Michael T. Kiley
  (ReDIF-chapter, nbr:nberch:13411)
• Sequential Monte Carlo Sampling for DSGE Models
  NBER Working Papers, National Bureau of Economic Research, Inc (2013)
  by Edward P. Herbst & Frank Schorfheide
  (ReDIF-paper, nbr:nberwo:19152)
• Effective Monetary Policy Strategies in New Keynesian Models: A Re-examination
  NBER Working Papers, National Bureau of Economic Research, Inc (2014)
  by Hess Chung & Edward Herbst & Michael T. Kiley
  (ReDIF-paper, nbr:nberwo:20611)
• Tempered Particle Filtering
  NBER Working Papers, National Bureau of Economic Research, Inc (2017)
  by Edward Herbst & Frank Schorfheide
  (ReDIF-paper, nbr:nberwo:23448)
• Online Estimation of DSGE Models
  NBER Working Papers, National Bureau of Economic Research, Inc (2020)
  by Michael D. Cai & Marco Del Negro & Edward P. Herbst & Ethan Matlin & Reca Sarfati & Frank Schorfheide
  (ReDIF-paper, nbr:nberwo:26826)
• Tempered Particle Filtering
  PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2016)
  by Edward Herbst & Frank Schorfheide
  (ReDIF-paper, pen:papers:16-017)
• Online Estimation of DSGE Models
  PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2019)
  by Michael Cai & Marco Del Negro & Edward Herbst & Ethan Matlin & Reca Sarfati & Frank Schorfheide
  (ReDIF-paper, pen:papers:19-014)
• Bayesian Estimation of DSGE Models
  Economics Books, Princeton University Press (2016)
  by Edward P. Herbst & Frank Schorfheide
  (ReDIF-book, pup:pbooks:10612)
• Monetary Policy, Credit Spreads, and Business Cycle Fluctuations
  2015 Meeting Papers, Society for Economic Dynamics (2015)
  by Edward Herbst & Dario Caldara
  (ReDIF-paper, red:sed015:899)
• Forward Guidance with Bayesian Learning and Estimation
  2017 Meeting Papers, Society for Economic Dynamics (2017)
  by Edward Herbst & David Lopez-Salido & Christopher Gust
  (ReDIF-paper, red:sed017:1189)
• Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination
  NBER Macroeconomics Annual, University of Chicago Press (2015)
  by Hess Chung & Edward Herbst & Michael T. Kiley
  (ReDIF-article, ucp:macann:doi:10.1086/680629)
• Sequential Monte Carlo Sampling For Dsge Models
  Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2014)
  by Edward Herbst & Frank Schorfheide
  (ReDIF-article, wly:japmet:v:29:y:2014:i:7:p:1073-1098)
• A sequential Monte Carlo approach to inference in multiple‐equation Markov‐switching models
  Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2018)
  by Mark Bognanni & Edward Herbst
  (ReDIF-article, wly:japmet:v:33:y:2018:i:1:p:126-140)