Details about Thomas Laubach

This author is deceased (2020-09-02).

Access statistics for papers by Thomas Laubach.

Last updated 2021-05-29. Update your information in the RePEc Author Service.

Short-id: pla255

Working Papers

2020

1. Macroeconomic Effects of Large-Scale Asset Purchases: New Evidence
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (7)
2. The Federal Reserve’s Review of Its Monetary Policy Framework: A Roadmap
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

2016

3. Financial Stability and Optimal Interest-Rate Policy
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (79)
   See also Journal Article in International Journal of Central Banking (2019)
4. Measuring the Natural Rate of Interest Redux
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (103)
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2015) View citations (40)
5. Measuring the Natural Rate of Interest: International Trends and Determinants
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (93)
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2016) View citations (110)
   See also Journal Article in Journal of International Economics (2017)
   Chapter (2016)

2015

6. The Macroeconomic Effects of the Federal Reserve's Unconventional Monetary Policies
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (32)

2014

7. Optimal-Control Monetary Policy in the FRB/US Model
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
8. The FRB/US Model: A Tool for Macroeconomic Policy Analysis
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (28)

2013

9. The Expectations-Driven U.S. Current Account
   VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order, Verein für Socialpolitik / German Economic Association View citations (1)
   Also in Discussion Papers, Deutsche Bundesbank (2013) View citations (5)
   See also Journal Article in The Economic Journal (2019)

2012

10. Trend growth expectations and US house prices before and after the crisis
    Discussion Papers, Deutsche Bundesbank View citations (16)
    See also Journal Article in Journal of Economic Behavior & Organization (2012)

2011

11. Fiscal Sustainability, Default Risk and Euro Area Sovereign Bond Spreads Markets
    Working papers, Banque de France View citations (65)
12. Long-run growth expectations and "global imbalances"
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (7)
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2011) View citations (5)

2008

13. WELFARE-MAXIMIZING MONETARY POLICY UNDER PARAMETER UNCERTAINTY
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (4)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (2)
    Working Paper Series, Federal Reserve Bank of San Francisco (2007) View citations (2)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2007) View citations (2)
    See also Journal Article in Journal of Applied Econometrics (2010)

2007

14. Learning and the Role of Macroeconomic Factors in the Term Structure of Interest Rates
    2007 Meeting Papers, Society for Economic Dynamics View citations (18)

2006

15. Macroeconomic factors in the term structure of interest rates when agents learn
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (1)

2005

16. Fiscal Relations Across Levels of Government in the United States
    OECD Economics Department Working Papers, OECD Publishing View citations (5)
17. Product Market Competition and Economic Performance in Iceland
    OECD Economics Department Working Papers, OECD Publishing View citations (1)

2004

18. Learning and Shifts in Long-Run Growth
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (26)
19. Learning and Shifts in Trend Growth
    2004 Meeting Papers, Society for Economic Dynamics
20. Learning and shifts in long-run productivity growth
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (83)
    See also Journal Article in Journal of Monetary Economics (2007)

2003

21. New evidence on the interest rate effects of budget deficits and debt
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (109)
    See also Journal Article in Journal of the European Economic Association (2009)
22. The Optimal Monetary Policy Response to Shifts in Trend MFP Growth: A DGE Analysis
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (1)
23. The responses of wages and prices to technology shocks
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2003) View citations (43)

2002

24. Implications of habit formation for optimal monetary policy
    BIS Working Papers, Bank for International Settlements View citations (5)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) View citations (13)
    See also Journal Article in Journal of Monetary Economics (2004)
25. Rule-of-thumb behaviour and monetary policy
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (5)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) View citations (2)
    See also Journal Article in European Economic Review (2003)

2001

26. Measuring the Natural Rate of Interest
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (53)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) View citations (34)
    See also Journal Article in The Review of Economics and Statistics (2003)

2000

27. Forecast-based monetary policy
    BIS Working Papers, Bank for International Settlements View citations (1)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (1999) View citations (9)
28. MONETARY POLICY IN AN ESTIMATED OPTIMIZATION-BASED MODEL WITH STICKY PRICES AND WAGES
    Computing in Economics and Finance 2000, Society for Computational Economics View citations (3)
    Also in BIS Working Papers, Bank for International Settlements (2000) View citations (8)
    Research Working Paper, Federal Reserve Bank of Kansas City (1999) View citations (9)

1997

29. Disciplined Discretion: Monetary Targeting in Germany and Switzerland
    Princeton Essays in International Economics, International Economics Section, Departement of Economics Princeton University, View citations (32)
30. Disciplined discretion: the German and Swiss monetary targeting frameworks in operation
    Research Paper, Federal Reserve Bank of New York View citations (13)
31. Measuring the NAIRU: evidence from seven economies
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (16)
    See also Journal Article in The Review of Economics and Statistics (2001)
32. Some comparative evidence on the effectiveness of inflation targeting
    Research Paper, Federal Reserve Bank of New York View citations (18)

Journal Articles

2019

1. Financial Stability and Optimal Interest Rate Policy
   International Journal of Central Banking, 2019, 15, (1), 279-326 View citations (14)
   See also Working Paper (2016)
2. The Expectations-driven US Current Account
   The Economic Journal, 2019, 129, (618), 897-924 View citations (3)
   See also Working Paper (2013)

2017

3. Measuring the natural rate of interest: International trends and determinants
   Journal of International Economics, 2017, 108, (S1), S59-S75 View citations (427)
   See also Working Paper (2016)
   Chapter (2016)

2012

4. Trend growth expectations and U.S. house prices before and after the crisis
   Journal of Economic Behavior & Organization, 2012, 83, (3), 394-409 View citations (10)
   See also Working Paper (2012)

2011

5. Fiscal Policy and Interest Rates: The Role of Sovereign Default Risk
   NBER International Seminar on Macroeconomics, 2011, 7, (1), 7 - 30 View citations (9)
   See also Chapter (2010)

2010

6. Welfare-maximizing monetary policy under parameter uncertainty
   Journal of Applied Econometrics, 2010, 25, (1), 129-143 View citations (18)
   Also in Proceedings, 2007 (2007) View citations (6)
   Journal of Applied Econometrics, 2010, 25, (1), 129-143 (2010) View citations (8)
   See also Working Paper (2008)

2009

7. New Evidence on the Interest Rate Effects of Budget Deficits and Debt
   Journal of the European Economic Association, 2009, 7, (4), 858-885 View citations (308)
   See also Working Paper (2003)

2007

8. Learning and shifts in long-run productivity growth
   Journal of Monetary Economics, 2007, 54, (8), 2421-2438 View citations (84)
   See also Working Paper (2004)

2006

9. Wood, A history of central banking in Great Britain and the United States
   Journal of International Economics, 2006, 70, (2), 508-512

2004

10. Implications of habit formation for optimal monetary policy
    Journal of Monetary Economics, 2004, 51, (2), 305-325 View citations (117)
    See also Working Paper (2002)

2003

11. Estimation and control of an optimization-based model with sticky prices and wages
    Journal of Economic Dynamics and Control, 2003, 27, (7), 1181-1215 View citations (148)
12. Measuring the Natural Rate of Interest
    The Review of Economics and Statistics, 2003, 85, (4), 1063-1070 View citations (670)
    See also Working Paper (2001)
13. Rule-of-thumb behaviour and monetary policy
    European Economic Review, 2003, 47, (5), 791-831 View citations (146)
    See also Working Paper (2002)
14. Signalling commitment with monetary and inflation targets
    European Economic Review, 2003, 47, (6), 985-1009 View citations (12)

2001

15. Measuring The NAIRU: Evidence From Seven Economies
    The Review of Economics and Statistics, 2001, 83, (2), 218-231 View citations (152)
    See also Working Paper (1997)

2000

16. The role of forecasts in monetary policy
    Economic Review, 2000, 85, (Q II), 21-32 View citations (1)

1999

17. The value of interest rate smoothing: how the private sector helps the Federal Reserve
    Economic Review, 1999, 84, (Q III), 47-64 View citations (56)

Chapters

2016

1. Measuring the Natural Rate of Interest: International Trends and Determinants
   A chapter in NBER International Seminar on Macroeconomics 2016, 2016 View citations (171)
   See also Working Paper (2016)
   Journal Article in Journal of International Economics (2017)

2010

2. Fiscal Policy and Interest Rates: The Role of Sovereign Default Risk
   A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 7-29 View citations (13)
   See also Journal Article in NBER International Seminar on Macroeconomics (2011)