Department of Money and Macroeconomics

Faculty of Economics and Business Administration

People - Prof.Laubach,Ph.D.

Thomas Laubach

Prof. Thomas Laubach, Ph.D.


Contact Information

Phone:

(+49) 69-798-33804

E-Mail:

laubach_(AT)_wiwi.uni-frankfurt.de

Address:

Goethe University
Campus Westend
House of Finance
Grüneburgplatz 1
Room 3.57


Curriculum Vitae


Unpublished Working Papers


Trend Growth Expectations and Borrowing Constraints: Understanding U.S. House Prices Before and After the Crisis
(with Mathias Hoffmann and Michael Krause)
April 2011


Fiscal Policy, Default Risk and Euro Area Sovereign Bond Spreads
(with Vladimir Borgy,Jean-Stéphane Mesonnier and Jean-Paul Renne)
Revised version October 2011

Long-run growth expectations and "global imbalances"
(with Mathias Hoffmann and Michael Krause)
January 2011

Slides presented at GSEFM Summer Institute

Fiscal Policy and Interest Rates:The Role of Sovereign Default Risk
July 2010

Learning and the Role of Macroeconomic Factors in the Term Structure of Interest Rates
( with Robert J. Tetlow and John C. Williams)
October 2007

The Response of Wages and Prices to Technology Shocks
( with Rochelle Edge and John C. Williams)
November 2003

Recent Discussions

Imperfect information, macroeconomic dynamics and the yield curve:
An encompassing macro-finance model

by Hans Dewachter, October 2008

Inflation and real activity with firm-level productivity shocks
by Michael Dotsey, Robert King and Alexander Wolman, September 2008

Fiscal foresight: Analytics and econometrics
by Eric Leeper, Todd Walker and Susan Yang, June 2008

The long and short end of the term structure of policy rules
by Josephine Smith and John Taylor, June 2008

News, technology adoption and economic fluctuations
by Diego Comin, Mark Gertler and Ana Maria Santacreu, June 2008

Refereed Journal Articles

Welfare-Maximizing Monetary Policy under Parameter Uncertainty
Journal of Applied Econometrics, forthcoming
( with Rochelle Edge and John C. Williams)
longer working paper version

New Evidence on the Interest Rate Effects of Budget Deficits and Debt
Journal of the European Economic Association, forthcoming
Data and eviews code

Learning and Shifts in Long-Run Productivity Growth
Journal of Monetary Economics, 2007, vol. 75, pp. 2421-2438
( with Rochelle Edge and John C. Williams)

Implications of Habit Formation for Optimal Monetary Policy
Journal of Monetary Economics, 2004, vol. 51, pp. 305-325
( with Jeffery D. Amato)
longer working paper version

Measuring the Natural Rate of Interest
Review of Economics and Statistics, 2003, vol. 85, pp. 1063-1070
( with John C. Williams)
Data and Gauss Code

Rule-of-Thumb Behavior and Monetary Policy
European Economic Review, 2003, vol. 47, pp. 791-831
( with Jeffery D. Amato)

Estimation and Control of an Optimization-Based Model with Sticky-Prices and Wages
Journal of Economic Dynamics and Control, 2003, vol. 27, pp. 1181-1215
( with Jeffery D. Amato)
longer working paper version

Signalling Commitment with Monetary and Inflation Targets
European Economic Review, 2003, vol. 47, pp. 985-1009

Measuring the NAIRU: Evidence from Seven Economies
Review of Economics and Statistics, 2001, vol. 83, pp. 218-231

Books

Inflation Targeting - Lessons from the International Experience.
Princeton University Press, 1999
(with Ben S. Bernanke, Frederic S. Mishkin, and Adam S. Posen)

Other Publications

 Book Review of “A History of Central Banking in Great Britain and the United States” by John H. Wood. Journal of International Economics 70 (2006), 508-512

OECD Economic Surveys: United States, October 2005
(with Peter Jarrett and Hannes Suppanz)

“Fiscal Relations across Levels of Government in the United States,”
OECD Economics Department, Working Paper No. 462, November 2005.

“The Effects of Budget Deficits on Interest Rates: A Review of Empirical Results,”
in Banca d’Italia, Public Debt, Proceedings of the 6th Public Finance Workshop, June 2005.

OECD Economic Surveys: Iceland, April 2005
(with Hannes Suppanz and Michael Wise)

OECD Economic Surveys: United States, May 2004
(with Michael Kiley, Hannes Suppanz, and Michael Wise)

“The Role of Forecasts in Monetary Policy.”
Economic Review, Federal Reserve Bank of Kansas City, Second Quarter 2000
(with Jeffery D. Amato)

“The Value of Interest Rate Smoothing.”
Economic Review, Federal Reserve Bank of Kansas City, Third Quarter 1999
(with Jeffery D. Amato)

“Disciplined Discretion: Monetary Targeting in Germany and Switzerland.”
Essays in International Finance No. 206, December 1997, International Finance Section, Princeton University
(with Adam S. Posen)

Faculty of Economics and Business Administration

Department of Money and Macroeconomics

House of Finance

Seminar in Macroeconomics

Master of Science in Money and Finance

Master of Science in Quantitative Economics

PhD-Program in Economics

Goethe Graduate Student Association in Economics