Research Reflections

January 14, 2018

Term Structure of Macroeconomic Uncertainty

Dynamic economic models typically feature shocks or random impulses as a way to capture uncertainty. These impulses capture surprises or random outcomes, and economic variables respond over time...

October 20, 2017

Reflection from recent trip to Chile

I recently returned from my first trip to Chile. There is a long-standing, well-known connection between the University of Chicago and Chile. The Pinochet regime in Chile is renowned for two...

July 21, 2017

2017 MFM Summer Session Reflection

It was my great privilege to participate in the 2017 Macro Financial Modeling Summer Session for Young Scholars held at the Omni Hotel at Mt. Washington in Bretton Woods, NH. This was my first visit...

May 15, 2017

Reflections from recent trip to South Korea

I just returned from a trip to South Korea. I spoke for the first time at a Mont Pelerin Society (MPS) meeting. The MPS was originally formed by Friedrich Hayek, Ludwig von Mises, Frank Knight,...

September 16, 2016

Modeling to Make the Most of Data

Economic modeling is often driven by discovery or development of new data sets. For many substantive applications, the data does not simply “speak for itself,” making it important to build...