Jon Faust
Louis J. Maccini Professor of Economics
Office: Mergenthaler Hall 456
Office Hours: Tue/Thu 9:30-10:30
Phone: 410.516.7614
Email: faustj@jhu.edu
View personal website
My research spans a broad array of theoretical and applied topics confronted by macroeconomic policymakers, such as econometric measurement of policy effects, political economy of policy, and understanding macro-financial linkages.
I joined the Johns Hopkins Department of Economics in 2006, leaving a post as assistant director in the Division of International Finance at the Federal Reserve Board. My nearly two decades as a researcher in a central bank taught me two lessons: First, formal analysis, both theoretical and applied, makes an immense contribution to improving the conduct of policy. Second, fundamental advances over the last 20 years-in basic econometric techniques, in modeling dynamic systems in which expectations are important, and in data sources-provide an opportunity for historically rapid advance in our understanding of macroeconomic policymaking over the coming years.
Efficient Predictive Regressions. Faust, Jon and Wright, Jonathan H. Manuscript, 2005.
The High Frequency Response of Exchange Rates and Interest Rates to Macroeconomic Announcements. Faust, Jon, Rogers, John H., Wang, Shing-Yi, and Wright, Jonathan H.. Forthcoming, Journal of Monetary Economics, 2005.
Details and downloadBreaks in the variability and co-movement of G-7 economic growth. Doyle, Brian M. and Faust, Jon. Review of Economics and Statistics, 7(4), Nov. 2005, 721-740.
Details and downloadTransparency and Credibility: Monetary Policy with Unobservable Goals. Faust, Jon, and Svensson, Lars E. O.. International Economic Review, May 2001, v. 42, iss. 2, pp. 369-97.
Details and downloadConventional Confidence Intervals for Points on Spectrum Have Confidence Level Zero. Faust, Jon. Econometrica, May 1999, v. 67, iss. 3, pp. 629-37.
Details and downloadOptions, Sunspots, and the Creation of Uncertainty. Bowman, David and Faust, Jon. Journal of Political Economy, October 1997, v. 105, iss. 5, pp. 957-75.
Details and downloadA Distributed Block Approach to Solving Near-Block-Diagonal Systems with an Application to a Large Macroeconometric Model. Faust, Jon and Tryon, Ralph. Computational Economics, November 1995, v. 8, iss. 4, pp. 303-16.
Details and downloadWhen Are Variance Ratio Tests for Serial Dependence Optimal? Faust, Jon. Econometrica, September 1992, v. 60, iss. 5, pp. 1215-26.
Details and downloadSupernovas in Monetary Theory: Does the Ultimate Sunspot Rule Out Money?. Faust, Jon. American Economic Review, September 1989, v. 79, iss. 4, pp. 872-81.
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