Welcome to my personal website!I am an applied macroeconomist and time-series econometrician. My work is focused on the formation of expectations, informational frictions and the dynamics of survey expectations.
Currently, I work at the Monetary and Economic Department of the Bank for International Settlements. From 2008-2016, I was on the research staff of the Federal Reserve Board.
My email address is: em at elmarmertens dot com
NONE of the material posted on this personal website necessarily represents the
views of the Bank for International Settlements, the Board of Governors, the Federal Reserve System or the Federal Open Market
Committee.
News
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Kilian and Luetkepohl: Nice Section on Kurmann and Mertens (2014)
Kilian and Luetkepohl's SVAR monograph is out; a great book! A nice bit is also their description of my paper with Andre Kurmann (2014, AER) that showed how the ...
Posted Mar 19, 2018, 11:24 PM by Elmar Mertens
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"Indeterminacy and Imperfect Information" with Thomas Lubik and Christian Matthes
This is ongoing work with Thomas A. Lubik (FRB Richmond), Christian Matthes (FRB Richmond):We study equilibrium determination in an environment where two kinds of agents have different information sets ...
Posted Nov 20, 2017, 5:32 AM by Elmar Mertens
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Paper on Time-varying Uncertainty in Survey Forecasts (w/Todd Clark and Michael McCracken)
We develop uncertainty measures for point forecasts from surveys such as the Survey of Professional Forecasters, Blue Chip, or the Federal Open Market Committee’s
Summary of Economic Projections. At ...
Posted Mar 19, 2018, 11:02 PM by Elmar Mertens
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FEDS Note on Shadow Rates and the Long-run Level of the Real Rate
Together with my Board colleague Ben Johannsen, we just finished a FEDS note describing the latest version of our work on estimating shadow rates from time-series models. Part of ...
Posted Jan 15, 2018, 6:36 AM by Elmar Mertens
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New publications in JMCB, REStat, and IJCB
A few of my papers recently got accepted for journal publication. Notably, "Managing Beliefs about Monetary Policy under Discretion" has just been published online in the Journal of Money, Credit ...
Posted May 19, 2016, 5:22 AM by Elmar Mertens
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