Sacha Gelfer

Sacha Gelfer

  • Associate Professor, Economics
  • Associate Professor of Economics, Bentley University
  • Ph.D. in Economics, University of Oregon
  • M.S. in Economics, University of Oregon
  • M.A. in Economics, George Mason University
  • B.A. in Political Science, University of Colorado at Boulder

Teaching Interests

Macroeconomics, Monetary Economics, Econometrics

Research Interests

Structural Macroeconomics, Monetary Policy, Forecasting, Expectation Formation Modeling

Consulting/Practice Interests

Forecasting

Professional Memberships

  • Panel member of Federal Reserve Bank of Philadelphia’s Survey of Professional Forecasters 2017-04-01 - Present

    • Awards and Honors

  • Innovation in Teaching Award, Bentley University
  • Innovation in Teaching Award, Bentley University

    • Scholarly Contributions and Creative Productions

    Journal Articles

  • Gelfer, S. D. (2024). Examining Business Cycles and Optimal Monetary Policy in a Regional DSGE Model. Economic Modeling, (136)
  • Gelfer, S. D., Gibbs, C. G. (2023). Measuring the Effects of Large-Scale Asset Purchases: The Role of International Financial Markets and the Financial Accelerator. Journal of International Money and Finance, (121) 102791
  • Gelfer, S. D., Livingston, J. A., Roy, S. (2022). The Effect of Teaching Economics with Classroom Experimens: Estimates from a Within-Subject Experiment. AEA Papers and Proceedings, (112) 619-623.
  • Gelfer, S. D. (2021). Evaluating the Forecasting Power of an open-economy DSGE model when estimated in a Data-Rich Environment. Journal of Economic Dynamics and Control, (129) 104177
  • Gelfer, S. D. (2020). Re-evaluating Okun’s Law: Why all recessions and recoveries are “different”. Economics Letters, (196) Novemebr 2020 109497.
  • Gelfer, S. D. (2020). The Effects of Professional Forecast Dissemination on Macroeconomic Volatility. Journal of Economic Behavior and Organization, (170) 131-156.
  • Gelfer, S. D. (2019). Data-Rich DSGE Model Forecasts of the Great Recession and its Recovery. Review of Economic Dynamics, (32) 18-41.
  • Gelfer, S. (2019). Data-rich DSGE model forecasts of the great recession and its recovery. Review of Economic Dynamics, (32) Issue (Link)

    • Presentations

  • Gelfer, S. (2025). “The Building Blocks of Inflation: The role of monetary policy and the gap between goods and services ” Presented at the 3rd Vienna Workshop on Economic Forecasting  Vienna, Austria
  • Gelfer, S. (2025). “What Matters in the Transmission Mechanism of Import Tariffs ” Presented at the SED Annual Meeting Copenhagen, Denmark
  • Gelfer, S. (2025). “Discussant: Next Generation Model” Presented at the Bank of Canada's Next Generation Modeling Workshop Ottawa, Canada
  • Gelfer, S. D. (2025). “The Importance of Modeling: Examining the forecast capability of a large DSGE model against other small nested DSGE models.” Presented at the Bank of Canada Seminar Speaking Series Ottawa, ON, Canada
  • Gelfer, S. D. (2024). “The Building Blocks of Inflation: The role of monetary policy and the gap between goods and services” Presented at the Bank of Canada Seminar Speaking Series Ottawa, ON, Canada
  • Gelfer, S. D. (2024). “The Building Blocks of Inflation: The role of monetary policy and the gap between goods and services” Presented at the Bank of Finland Seminar Speaking Series Helsinki, Finland
  • Gelfer, S. D. (2023). “Measuring the Effects of Large-Scale Asset Purchases: The role of services, Housing Market and endogenous Oil Sector” Presented at the Bank of Canada Seminar Speaking Series Ottawa, ON, Canada
  • Gelfer, S. D. (2022). “Comparing Monetary Policy Tools in an Estimated DSGE model with International Financial Markets” Presented at the International Centre for Economic Analysis Inflation Conference Virtual
  • Livingston, J. A., Gelfer, S. D. (2022). “Do Experiments Teach Basic Economics Lessons Better than Traditional Teaching Techniques?” Presented at the ASSA Annual Meeting Virtual
  • Gelfer, S. D. (2021). “Comparing Monetary Policy Tools in an Estimated DSGE model with International Financial Markets” Presented at the 15th International Conference Computational and Financial Econometrics Virtual
  • Gelfer, S. D. (2021). “Understanding the Forecasting Power of DSGE Models in a Data-Rich Environment: the Role of Model Design vs Data” Presented at the Bank of Canada Seminar Speaking Series Ottawa, ON, Canada
  • Gelfer, S. D. (2021). Presented at the MA State Legislature Joint Committee on Telecommunications, Utilities and Energy Boston, MA
  • Gelfer, S. D. (2019). “Evaluating the Forecasting Power of a Canadian DSGE model when estimated in a Data-Rich Environment” Presented at the Bank of Canada Seminar Speaking Series Ottawa, ON, Canada
  • Gelfer, S. D. (2019). “Effects of Professional Forecast Dissemination on Macroeconomic Volatility” Presented at the CEPR Network on Macroeconomic Modelling and Model Comparison 3rd Research Conference Frankfurt, Germany
  • Gelfer, S. D. (2019). “Evaluating the Forecasting Power of a Canadian DSGE model when estimated in a Data-Rich Environment” Presented at the Canadian Economic Association 53rd Annual Conference Banff, AB, Canada
  • Gelfer, S. D. (2018). “Financial Crises, Recoveries and Labor Market Dynamics: Evidence from a Data-Rich DSGE Model” Presented at the CEPR Network on Macroeconomic Modelling and Model Comparison 2nd Research Conference Stanford University
  • Gelfer, S. D. (2018). “Data-Rich DSGE Model Forecasts of the Great Recession and its Recovery” Presented at the Western Economic Association 93rd Annual Conference Vancouver, BC, Canada
  • Gelfer, S. D. (2018). “U.S. Regional Dynamics of Monetary and Financial Shocks: Evidence from a DSGE Model Estimated with State Level Data” Presented at the Midwest Macroeconomics Meetings Spring 2018 University of Wisconsin-Madison
  • Gelfer, S. D. (2017). “U.S. Regional Dynamics of Monetary and Financial Shocks: Evidence from a DSGE Model Estimated with State Level Data” Presented at the Western Economic Association 92nd Annual Conference San Diego, CA
  • Gelfer, S. D. (2017). “Financial Crises, Recoveries and Labor Market Dynamics: Evidence from a Data-Rich DSGE Model” Presented at the Eastern Economic Association 43rd Annual Conference New York, NY

    • Service

    Service: Department

  • Course Coordinator for Economic Internships 8/1/18 - Present
  • Committee Member for Economic Scholarly Activity Committee 8/1/18 - Present

    • Service: Professional

  • for Pulsenomics’ Expert Survey Panel: US Home Price Expectations 1/1/21 - Present
  • for The Survey of Professional Forecasters (SPF) 1/1/17 - Present

    • Service: University

  • Senate Chair for Faculty Senate 2025-07-01 - Present
  • Committee Member for Graduate Council - Present
  • Committee Member for PhD Council - Present
  • Committee Member for Board of Trustees - Academic Affairs Committee 9/1/22 - Present
  • University Senate for Faculty Senate 9/1/22 - Present
  • Committee Member for Teaching and Scholarly Awards Committee 8/1/19 - 6/30/21