
Andrew Foerster
Senior Research Advisor
Macroeconomic Research
Macroeconomics, Monetary economics, Econometrics
CV (pdf, 82.85 kb) | Bio (pdf, 149.86 kb)
Profiles: Google Scholar | RePEc | SSRN | Personal website
Working Papers
Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach
2020-10 | with Benigno, Otrok, and Rebucci | July 2021
abstract (+)Published Articles (Refereed Journals and Volumes)
Communicating Monetary Policy Rules
European Economic Review 151, January 2023, 104290 | with Davig
abstract (+)Aggregate Implications of Changing Sectoral Trends
Journal of Political Economy 130(12), 2022, 3025-3342 | with Hornstein, Sarte, and Watson
Learning about Regime Change
International Economic Review 63(4), 2022, 1829-1859 | with Matthes
Search with Wage Posting under Sticky Prices
Journal of Money, Credit, and Banking 54(2-3), 2022, 599-626 | with Mustre-del-Rio
abstract (+)Optimal Monetary Policy Regime Switches
Review of Economic Dynamics 42, 2021, 333-346 | with Choi
abstract (+)Uncertainty and Fiscal Cliffs
Journal of Money, Credit, and Banking 51(7), 2019, 1857-1887 | with Davig
abstract (+)Perturbation Methods for Markov-Switching Dynamic Stochastic General Equilibrium Models
Quantitative Economics 7(2), July 2016, 637-669 | with Rubio-Ramirez, Waggoner, and Zha
abstract (+)Monetary Policy Regime Switches and Macroeconomic Dynamics
International Economic Review 57(1), February 2016, 211-230
abstract (+)Financial Crises, Unconventional Monetary Policy Exit Strategies, and Agents’ Expectations
Journal of Monetary Economics 76, November 2015, 191-207
abstract (+)Bayesian Mixed Frequency VARs
Journal of Financial Econometrics 13(3), Summer 2015, 698-721 | with Eraker, Chiu, Kim, and Seoane
abstract (+)Sectoral versus Aggregate Shocks: A Structural Factor Analysis of Industrial Production
Journal of Political Economy 119(1), February 2011, 1-38 | with Sarte and Watson
abstract (+)FRBSF Publications
The Evolution of Disagreement in the Dot Plot
Economic Letter 2023-21 | August 21, 2023 | with Martinez
Evaluating Monetary Policy with Inflation Bands and Horizons
Economic Letter 2023-05 | February 21, 2023 | with Davig
Finding a Way to Measure How Tight Monetary Policy Is
SF Fed Blog | Dec 2022 | with Martinez
Monetary Policy Stance Is Tighter than Federal Funds Rate
Economic Letter 2022-30 | November 7, 2022 | with Choi, Doh, and Martinez
Employment Effects of COVID-19 across States, Sectors
Economic Letter 2021-32 | November 22, 2021 | with Albert and Sarte
Permanent and Transitory Effects of the 2008–09 Recession
Economic Letter 2020-36 | November 30, 2020 | with Seitelman
Sudden Stops and COVID-19: Lessons from Mexico’s History
Economic Letter 2020-33 | November 9, 2020 | with Benigno, Otrok, and Rebucci
The Highs and Lows of Productivity Growth
Economic Letter 2020-21 | August 3, 2020 | with Matthes and Seitelman
How Have Changing Sectoral Trends Affected GDP Growth?
SF Fed Blog | 2019
Why Is the Federal Reserve’s Balance Sheet Still So Big? Our Animated Economic Letter Explains
SF Fed Blog | Sep 2019 | with Leduc
Why Is the Federal Reserve’s Balance Sheet Still So Big?
SF Fed Video | Sep 2019 | with Leduc
How Have Changing Sectoral Trends Affected GDP Growth?
Economic Letter 2019-18 | July 8, 2019 | with Hornstein, Sarte, and Watson
Why Is the Fed’s Balance Sheet Still So Big?
Economic Letter 2019-16 | June 3, 2019 | with Leduc