Jon Faust
mostly economics

Who?

In Jan. 2012, I began a postion as special adviser to the Federl Reserve Board. More details are provided in the Fed's press release and » more Fed Faust

I am on leave from Johns Hopkins University, where I am the Louis J. Maccini Professor of Economics and serve as Director of the Center for Financial Economics … » more CFE

This site exists to help distribute my research and to provide an outlet for, well, you be the judge. The frequency of updating of this site was one of the minor casualties during the crisis. The after effects of the crisis have lingered longer than anyone might hope, which is largely why I am back at the Fed. One after effect that will undoubtedly linger during my stay is the lowered frequency of updating.

Policy Issues

• Checks and Balances at the Fed; Jon Faust; Wall Street Journal Digital Network, May 10, 2010.
  »get it from WSJ Digital Network
• Caveat emptor is not a business plan; Jon Faust; NYTimes online, April 26, 2010.
  »get it from NYTimes online

Some recent work

• Border prices and retail prices; D. Berger, Jon Faust, J. Rogers, K. Steverson; Journal of International Economics, 88(1), September 2012, 62-73.
  »get a copy
• Posterior Predictive Analysis for Evaluating DSGE Models; Jon Faust, Abhishek Gupta; NBER Working Paper 17906, Jan. 2011.
  »get it from NBER
• DSGE Models: I Smell a Rat (and It Smells Good); Jon Faust; International Journal of Central Banking, March 2012.
  »get it from IJCB »abstract
• Inflation forecasting; Faust, Jon; Jonathan H. Wright; prepared for the forthcoming Handbook of Forecasting, 2012..
  »get it from Jonathan's site
• Efficient Prediction of Excess Returns; Faust, Jon; Jonathan H. Wright; Review of Economics and Statistics, May 2011, 93:2, 647--659.
  »get a copy »abstract
• Credit Spreads as Predictors of Real-Time Economic Activity: A Bayesian Model-Averaging Approach; J. Faust, S. Gilchrist, J. Wright, and E. Zakrajsek; Forthcoming, Review of Economics and Statistics. NBER Working Paper 16725, Jan. 2011.
  »get it from Simon's site

Hopkins

• Recent national champions: [sticks|chains]
• A great educator
• Fight song [text|audio]
• Google ‘“Wes Craven” “Wolf Blitzer”’.
• John Barry's Great Influenza has a cool discussion of Hopkins circa 1900.

Stuff

• More famous Fausts?
• Dyslexia (fonts)
• Joys of teaching statistics
• Doing powerpoint properly.
• INTERCAL manual, Note the COME FROM command.
• Streaming Knuth on notation and, well, everything else.
• Streaming Feyman on physics and Newton's observations on observational equivalence.
• Math history, including mathematicians born in Cambridge, with 2 minor economists.
• Tiling, quasicrystalline [avi], and other practical home improvement skills.
• Another guide to practical quasicrysstalline tiling. Or is that quasi-quasi-tiling?

Cycles

• Pathbreaking work, note the price.
• Compute or cycle, why choose?
• Time series of Lance. This article is generated controversy, amusingly, in part about a constant left out of a bi-variate regression. [ criticism][response]