Professional Experience

• • Economist

    Board of Governors of the Federal Reserve System

  • 2008 - present

Publications

• 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, vol. 2011, no. 3, pp. 1-5.
• Chung, Hess, Jean-Philippe Laforte, David Reifschneider, and John C. Williams (2011). "Have we Underestimated the Likelihood and Severity of Zero Lower Bound Events?" Working Paper Series 2011-01. Federal Reserve Bank of San Francisco.
• 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, and Eric Leeper (2007). "What has Financed Government Debt?" Caepr Working Papers 2007-015. Indiana University Bloomington, Economics Department, Center for Applied Economics and Policy Research.
• 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.
• Davig, Troy, Eric M. Leeper, and Hess Chung (2005). "Monetary and Fiscal Policy Switching," Research Working Paper RWP 05-12. Federal Reserve Bank of Kansas City.
• Davig, Troy, Eric M. Leeper, and Hess Chung (2004). "Monetary and Fiscal Policy Switching," NBER Working Papers 10362. National Bureau of Economic Research, Inc.

Other Activities