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Economists

Photo of Tao A. Zha Tao Zha

Director, Center for Quantitative Economic Research

Research Department
Federal Reserve Bank of Atlanta
1000 Peachtree Street N.E.
Atlanta, Georgia 30309-4470
404-498-8353
tao.zha@atl.frb.org
http://home.earthlink.net/~tzha_center

To interview economists, press should contact Public Affairs at 404-498-8748.


  • Biography
  • Research

Tao Zha is director of the Center for Quantitative Economic Research in the research department of the Federal Reserve Bank of Atlanta and professor of economics at Emory University. His major fields of study are macroeconomics and econometrics.

Dr. Zha has served on the editorial board for several journals. He has published in many journals, including Review of Economic Studies, Econometrica, American Economic Review, Brookings Papers on Economics Activities, and Journal of Political Economy.

Dr. Zha was born in 1962. He received his doctorate in economics from the University of Minnesota in 1993 and earned his master's degree in economics from Washington State University in 1988. He received a master's degree in statistics from the Southwest University of Economics and Finance and earned a bachelor's degree in mathematics from the Chengdu University of Technology and Sciences in 1982.

Atlanta Fed Publications

"Transparency, Expectations, and Forecasts," (with Andrew Bauer, Robert A. Eisenbeis, and Daniel F. Waggoner). Economic Review 91 (First Quarter 2006).

"Assessing Simple Policy Rules: A View from a Complete Macroeconomic Model," (with Eric M. Leeper). Economic Review 86 (Fourth Quarter 2001).

"Monetary Policy and Racial Unemployment Rates." Economic Review 85 (Fourth Quarter 2000).

"A Dynamic Multivariate Model for Use in Formulating Policy." Economic Review 83 (First Quarter 1998).

"Identifying Monetary Policy: A Primer." Economic Review 82 (Second Quarter 1997).

Atlanta Fed Working Papers

2009-5
Understanding Markov-Switching Rational Expectations Models
Roger E.A. Farmer, Daniel F. Waggoner, and Tao Zha
March 2009
Abstract || Full text in PDF (668 KB)

2009-3
Sources of the Great Moderation: Shocks, Frictions, or Monetary Policy?
Zheng Liu, Daniel F. Waggoner, and Tao Zha
February 2009
Abstract || Full text in PDF (789 KB)

2008-23
Minimal State Variable Solutions to Markov-Switching Rational Expectations Models
Roger E.A. Farmer, Daniel F. Waggoner, and Tao Zha
October 2008
Abstract || Full text in PDF (493 KB)

2008-20
Learning, Adaptive Expectations, and Technology Shocks
Kevin X.D. Huang, Zheng Liu, and Tao Zha
September 2008
Abstract || Full text in PDF (540 KB)

2008-19
Generalizing the Taylor Principle: Comment
Roger E.A. Farmer, Daniel F. Waggoner, and Tao Zha
September 2008
Abstract || Full text in PDF (228 KB)

2008-18
Structural Vector Autoregressions: Theory of Identification and Algorithms for Inference
Juan F. Rubio-Ramírez, Daniel F. Waggoner, and Tao Zha
September 2008
Abstract || Full text in PDF (548 KB)

2007-23
Asymmetric Expectation Effects of Regime Shifts and the Great Moderation
Zheng Liu, Daniel F. Waggoner, and Tao Zha
October 2007
Abstract || Full text in PDF (769 KB)

2007-12
Understanding the New Keynesian Model When Monetary Policy Switches Regimes
Roger E.A. Farmer, Daniel F. Waggoner, and Tao Zha
July 2007
Abstract || Full text in PDF (478 KB)

2006-22
Methods for Inference in Large Multiple-Equation Markov-Switching Models
Christopher A. Sims, Daniel F. Waggoner, and Tao Zha
November 2006
Abstract || Full text in PDF (311 KB)

2006-20
The Conquest of South American Inflation
Thomas Sargent, Noah Williams, and Tao Zha
November 2006
Abstract || Full text in PDF (1 MB)

2006-19a
Indeterminacy in a Forward-Looking Regime-Switching Model
Roger E.A. Farmer, Daniel F. Waggoner, and Tao Zha
Revised September 2007
Abstract || Full text in PDF (533 KB)

2006-3
Transparency, Expectations, and Forecasts
Andrew Bauer, Robert A. Eisenbeis, Daniel F. Waggoner, and Tao Zha
April 2006
Abstract || Full text in PDF (420 KB)

2005-27
Markov-Switching Structural Vector Autoregressions: Theory and Application
Juan Francisco Rubio-Ramírez, Daniel Waggoner, and Tao Zha
December 2005
Abstract || Full text in PDF (1 MB)

2004-22
Shocks and Government Beliefs: The Rise and Fall of American Inflation
Thomas Sargent, Noah Williams, and Tao Zha
September 2004
Abstract || Full text in PDF (1 MB)

2004-15
MCMC Method for Markov Mixture Simultaneous-Equation Models: A Note
Christopher A. Sims and Tao Zha
June 2004
Abstract || Full text in PDF (225 KB)

2004-14
Were There Regime Switches in U.S. Monetary Policy?
Christopher A. Sims and Tao Zha
June 2004
Abstract || Full text in PDF (475 KB)

2004-13
Normalization in Econometrics
James D. Hamilton, Daniel F. Waggoner, and Tao Zha
June 2004
Abstract || Full text in PDF (1.1 MB)

2002-19
Modest Policy Interventions
Eric M. Leeper and Tao Zha
November 2002
Abstract || Full text in PDF (397 KB)

2002-8a
Evaluating Wall Street Journal Survey Forecasters: A Multivariate Approach
Robert Eisenbeis, Daniel Waggoner, and Tao Zha
July 2002
Abstract || Full text in PDF (117 KB)

2000-19
Assessing Simple Policy Rules: A View from a Complete Macro Model
Eric M. Leeper and Tao Zha
October 2000
Abstract || Full text in PDF (363 KB)

2000-8
Likelihood-Preserving Normalization in Multiple Equation Models
Daniel F. Waggoner and Tao Zha
June 2000
Abstract || Full text in PDF (203 KB)

2000-3
A Gibbs Simulator for Restricted VAR Models
Daniel F. Waggoner and Tao Zha
March 2000
Abstract || Full text in PDF (384 KB)

99-22
Modest Policy Interventions
Eric M. Leeper and Tao Zha
December 1999
Abstract || Full text in PDF (316 KB)

99-21
Quantifying the Half-Life of Deviations from PPP: The Role of Economic Priors
Lutz Kilian and Tao Zha
December 1999
Abstract || Full text in PDF (129 KB)

98-22
Conditional Forecasts in Dynamic Multivariate Models
Daniel F. Waggoner and Tao Zha
December 1998
Abstract || Full text in PDF (199 KB)

98-12
Does Monetary Policy Generate Recessions?
Christopher A. Sims and Tao A. Zha
July 1998
Abstract || Full text in PDF (343 KB)

97-11
Normalization, Probability Distribution, and Impulse Responses
Daniel F. Waggoner and Tao Zha
November 1997
Abstract || Full text in PDF (160 KB)

97-7
Trends in Velocity and Policy Expectations
David B. Gordon, Eric M. Leeper, and Tao Zha
November 1997
Abstract || Full text in PDF (552 KB)

96-13
Bayesian Methods for Dynamic Multivariate Models
Christopher A. Sims and Tao Zha
October 1996
Abstract || Full text in PDF

96-8
Identification, Vector Autoregression, and Block Recursion
Tao Zha
August 1996
Abstract || Full text in PDF (552 KB)

95-8
Bankruptcy Law Capital Allocation and Aggregate Effects: A Dynamic Heterogeneous Agent Model with Incomplete Markets
Tao Zha
October 1995
Abstract || Full text in PDF

95-7
Identifying Monetary Policy in a Small Open Economy Under Flexible Exchange Rates
David O. Cushman and Tao Zha
October 1995
Abstract || Full text in PDF

95-6
Error Bands for Impulse Responses
Christopher A. Sims and Tao Zha
September 1995
Abstract || Full text in PDF