中文版
Tao Zha
Professor of Economics, Emory University
Research Associate, National Bureau of Economic Research

tzha@earthlink.net

CV

Support Staff: Xinyuan Shu xyshu@saif.sjtu.edu.cn

  • PROFILE
  • RESEARCH
  • TEACHING
Tao Zha is a Special-Term Professor of Economics at Shanghai Advanced Institute of Finance (SAIF), and Samuel Candler Dobbs Professor of Economics at Emory University. He is Director of the Center for Quantitative Economic Research in the Research Department of the Federal Reserve Bank of Atlanta. He is Research Associate at National Bureau of Economic Research (NBER) under the economic fluctuations and growth program and the monetary economics program.
Professor Zha’s major fields of study are macroeconomics, financial economics, the Chinese economy, and econometrics. He has published over 40 papers on leading academic journals such as Econometrica, Journal of Econometrics, American Economic Review, Journal of Political Economy, Brooking Papers for Economic Activity, Journal of Monetary Economics, Review of Economic Studies, etc. Three of his articles have been cited by the Nobel Economic Sciences Prize Committee in 2011.
 
Professor Zha has received National Science Foundation Research Grant in Economics in 2011 and Wim Duisenberg Research Fellowship from the European Central Bank in 2012. He is a frequent invited speaker at the European Central Bank. He is also the recipient of Abramson Scroll Award for Outstanding Articles in Business Economics, 2002.

Professor Zha has served on the editorial boards of academic journals, including Econometrica, Journal of Econometrics, and American Economic Journal: Macroeconomics. Professor Zha is a member of the Advisory Committee of Dynare, CEPREMAP (Center for Economic Research and its Applications).
                                                                                                
Professor Zha holds an M.A. in Economics from Washington State University (1988) and a Ph.D. in Economics from University of Minnesota (1992). 

Research Interests
Macroeconomics, Financial Economics, Econometrics, Learning Dynamics.

Journal Publications & Working Papers
1. Waggoner, Daniel F., Hongwei Wu, and Tao Zha, Forthcoming, Dynamic Striated Metropolis-Hastings Sampler for High-Dimensional Models, Journal of Econometrics.
2. Foerster, Andrew, Juan Rubio-Ramirez, Daniel Waggoner, and Tao Zha, 2016, Perturbation Methods for Markov-Switching DSGE Models, Quantitative Economics .
3. Chang, Chun, Kaiji Chen, Daniel F. Waggoner, and Tao Zha, 2015, Trends and Cycles in China's Macroeconomy, NBER Macroeconomics Annual 2015.
4. Liu, Zheng, Pengfei Wang, and Tao Zha, 2013, Land-Price Dynamics and Macroeconomic Fluctuations, Econometrica.
5. Waggoner, Daniel F., and Tao Zha, 2012, Confronting Model Misspecification in Macroeconomics, Journal of Econometrics.
6. Farmer, Roger E.A., Daniel F. Waggoner, and Tao Zha, 2011, Minimal State Variable Solutions to Markov-Switching Rational Expectations Models, Journal of Economic Dynamics and Control.
7. Liu, Zheng, Daniel F. Waggoner, and Tao Zha, 2011, Sources of Macroeconomic Fluctuations: A Regime-Switching DSGE Approach, Quantitative Economics.
8. Rubio-Ramirez, Juan F., Daniel F. Waggoner, and Tao Zha, 2010, Structural Vector Autoregressions: Theory of Identification and Algorithms for Inference, Review of Economic Studies.
9. Farmer, Roger E.A., Daniel F. Waggoner, and Tao Zha, 2010, Generalizing the Taylor Principle: Comment, American Economic Review.
10. Farmer, Roger E.A. , Daniel F. Waggoner, and Tao Zha, 2009, Understanding Markov-Switching Rational Expectations Models, Journal of Economic Theory.
11. Sargent, Thomas J., Noah Williams, and Tao Zha, 2009, The Conquest of South American Inflation, Journal of Political Economy.
12. Liu, Zheng, Daniel F. Waggoner, and Tao Zha, 2009, Asymmetric Expectation Effects of Regime Switches in Monetary Policy, Review of Economic Dynamics.
13. Huang, Kevin X.D., Zheng Liu, and Tao Zha, 2009, Learning, Adaptive Expectations, and Technology Shocks, Economic Journal.
14. Farmer, Roger E. A., Daniel F. Waggoner, and Tao Zha , 2009, Indeterminacy in a Forward Looking Regime Switching Model, International Journal of Economic Theory.
15. Sims, Christopher A., Daniel F. Waggoner, and Tao Zha, 2008, Methods for Inference in Large Multiple-Equation Markov-Switching Models, Journal of Econometrics.
16. Hamilton, James D., Daniel F. Waggoner, and Tao Zha, 2007, Normalization in Econometrics, Econometric Reviews.
17. Zha, Tao, 2007, Comment on An and Schorfheide‘s Bayesian Analysis of DSGE Models, Econometric Review.
18. Zha, Tao, 2006, Transparency, Expectations, and Forecasts, Federal Reserve Bank of Atlanta Economic Review.
19. Sargent, Thomas J., Noah Williams, and Tao Zha, 2006, Shocks and Government Beliefs: The Rise and Fall of American Inflation, American Economic Review.
20. Sims, Christopher A., and Tao Zha, 2006, Does Monetary Policy Generate Recessions?, Macroeconomic Dynamics.
21. Sims, Christopher A., and Tao Zha, 2006, Were There Regime Switches in US Monetary Policy?, American Economic Review.
22. Zha, Tao, 2005, Introduction: Monetary Policy and Learning, Review of Economic Dynamics.
23. Zha, Tao, 2003, Forecast Evaluation with Cross-sectional Data: The Blue Chip Surveys, Federal Reserve Bank of Atlanta Economic Review.
24. Leeper, Eric M. , and Tao Zha, 2003, Modest Policy Interventions, Journal of Monetary Economics.
25. Waggoner, Daniel F., and Tao Zha, 2003, A Gibbs Sampler for Structural Vector Autoregressions, Journal of Economic Dynamics&Control.
26. Waggoner, Daniel F., and Tao Zha, 2003, Likelihood Preserving Normalization in Multiple Equation Models, Journal of Econometrics.
27. Eisenbeis, Robert A., Daniel F. Waggoner, and Tao Zha, 2002, Evaluating Wall Street Journal Survey Forecasters: A Multivariate Approach, Business Economics.
28. Kilian, Lutz, and Tao Zha, 2002, Quantifying the Uncertainty about the Half-Life of Deviations from PPP, Journal of Applied Econometrics.
29. Zha, Tao, 2001, Bankruptcy Law, Capital Allocation, and Aggregate Effects: A Dynamic Heterogeneous Agent Model with Incomplete Markets, Annals of Economics and Finance.
30. Zha, Tao, 2001, Assessing Simple Policy Rules: A View from a Complete Macroeconomic Model, Federal Reserve Bank of St. Louis Review.
31. Zha, Tao, 2000, Monetary Policy and Racial Unemployment Rates, Federal Reserve Bank of Atlanta Economic Review.
32. Zha, Tao, 1999, Evaluating the Effects of Monetary Policy with Economic Models, Economic Review.
33. Waggoner, Daniel F., and Tao Zha, 1999, Conditional Forecasts in Dynamic Multivariate Models, Review of Economics and Statistics.
34. Sims, Christopher A., and Tao Zha, 1999, Error Bands for Impulse Responses, Econometrica.
35. Zha, Tao, 1999, Block Recursion and Structural Vector Autoregressions, Journal of Econometrics.
36. Gdoorn, David B., Eric M. Leeper, and Tao Zha, 1998, Trends in Velocity and Policy Expectations, Carnegie-Rochester Conference Series on Public Policy.
37. Sims, Christopher A., and Tao Zha, 1998, Bayesian Methods for Dynamic Multivariate Models, International Economic Review.
38. Zha, Tao, 1998, A Dynamic Multivariate Model for Use in Formulating Policy, Economic Review.
39. Zha, Tao, 1997, Identifying Monetary Policy: A Primer, Economic Review.
40. Cushman, David O., and Tao Zha, 1997, Identifying Monetary Policy in a Small Open Economy under Flexible Exchange Rates, Journal of Monetary Economics.
41. Leeper, Eric M., Christopher A. Sims, and Tao Zha, 1996, What Does Monetary Policy Do?, Brookings Papers on Economic Activity.
42. Foerster, Andrew, Juan Rubio-Ramirez, Daniel Waggoner, and Tao Zha, Perturbation Methods for Markov-Switching DSGE Models.
43. Miao, Jianjun, Pengfei Wang, and Tao Zha, Liquidity Premia, Price-Rent Dynamics, and Business Cycles.
44. Liu, Zheng, Jianjun Miao, and Tao Zha, Land Prices and Unemployment.
45. Liu, Zheng, Pengfei Wang, and Tao Zha, Asset Pricing and Income Inequality in a Heterogenous Agent Production Economy.
46. Fukac, Martin, Daniel F. Waggoner, and Tao Zha, Local and Global Identification of DSGE Models: a Simultaneous-Equation Approach .

Teaching Interests
SAIF Seminar I

Current Courses

Term Program Course Total Hours
2017Spring PHD SAIF Seminar I 24
Faculty & Research
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