Sacha Gelfer

  • Associate Professor, Economics
  • Associate Professor of Economics, Bentley University
  • Ph.D. University of Oregon
  • M.S. University of Oregon
  • M.A. George Mason University
  • B.A. University of Colorado at Boulder
  • Office: Adamian Academic Center - 167 | 781.891.2737 | SGELFER@BENTLEY.EDU
  • Department Phone: 781.891.2429 | Department Fax: 781.891.2896

Teaching Interests

Macroeconomics, Monetary Economics, Econometrics

Research Interests

Structural Macroeconomics, Monetary Policy, Forecasting, Expectation Formation Modeling

Consulting/Practice Interests

Forecasting

Bio

Sacha Gelfer graduated from the University of Oregon with a PhD in Economics. He is now an Associate Professor in the Department of Economics at Bentley University. He is trained in Macroeconomics, Bayesian Econometrics and Forecasting. Sacha is currently a Panel member of the Federal Reserve Bank of Philadelphia’s Survey of Professional Forecasters (SPF).

Professional Links

Professional Memberships

  • Panel member of Federal Reserve Bank of Philadelphia’s Survey of Professional Forecasters 2017 - Present
  • Awards and Honors

  • 2022, Innovation in Teaching Award, Bentley University
  • 2018, Innovation in Teaching Award, Bentley University
  • Publications

    Journal Articles


  • 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. D. (). Examining Business Cycles and Optimal Monetary Policy in a Regional DSGE Model. Economic Modeling . Forthcoming.
  • Presentations

  • 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 the15th 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

    Department Service


  • Course Coordinator for Economic Internships 2018 - Present
  • Committee Member for Economic Scholarly Activity Committee 2018 - Present
  • Spring Virtual Open House - Department Representative - 2020
  • Fall Open House - Department Representative - 2018
  • Fall Open House - Department Representative - 2017
  • Spring Open House - Department Representative - 2017
  • University Service


  • Committee Member for Board of Trustees - Academic Affairs Committee 2022 - Present
  • University Senate for Faculty Senate 2022 - Present
  • Mentor (Faculty) for FYS 111 - 2021
  • Committee Member for Teaching and Scholarly Awards Committee 2019 - 2021
  • Mentor (Faculty) for FYS 111 - 2020
  • Professional Service


  • Panel Member for Pulsenomics’ Expert Survey Panel: US Home Price Expectations 2021 - Present
  • Panel Member for The Survey of Professional Forecasters (SPF) 2017 - Present
  • Reviewer, Journal Article for Journal of International Money and Finance - 2023
  • Reviewer, Journal Article for Quarterly Review of Economics - 2022
  • Reviewer, Journal Article for Canadian Journal of Economics - 2020
  • Reviewer, Journal Article for Macroeconomic Dynamics - 2020
  • Reviewer, Journal Article for Journal of Economic Dynamics & Control - 2019
  • Reviewer, Journal Article for Economic Inquiry - 2016