I joined the Johns Hopkins Department of Economics in 2006, leaving a post as
Assistant Director in the Division of International Finance at the Federal Reserve Board.
My nearly two decades as a researcher in a central bank taught me two lessons. First,
formal analysis, both theoretical and applied, can and does make an immense contribution
to improving the conduct of policy. Second, fundamental advances over the last 20 years
(in econometric techniques, in modelling dynamic systems in which expectations are
important, and in data sources) provide an opportunity for historically rapid advance in
our understanding of macroeconomic policymaking over the coming years. My reasearch spans
a broad array of theoretical and applied topics confronted by macroeconomic policymakers.
(For a complete summary of my work, see my personal website linked below.)

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Do Federal Reserve Policy Surprises Reveal Superior Information about the Economy? (with Eric T. Swanson and Jonathan H. Wright), The B.E. Journal of Macroeconomics (2007)
A number of recent papers have hypothesized that the Federal Reserve possesses information about the...
 

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Do Federal Reserve Policy Surprises Reveal Superior Information about the Economy? (with Eric T. Swanson and Jonathan H. Wright), The B.E. Journal of Macroeconomics (2007)
A number of recent papers have hypothesized that the Federal Reserve possesses information about the...