Contact Information
202-452-2468
thomas.laubach@frb.gov

Fields of Interest
Macroeconomics
Monetary Policy
Econometrics and Statistics

Education
Ph.D., Economics, Princeton University, 1997
Diplom, Economics, University of Bonn, Germany, 1993

Professional Experience
Board of Governors of the Federal Reserve System, 2000-present
Economist, OECD, Economics Department, 2003-2005
Economist, Federal Reserve Bank of Kansas City, 1997-2000

Selected Publications

• Welfare-Maximizing Monetary Policy Under Parameter Uncertainty (with Rochelle Edge and John C. Williams), Finance and Economics Discussion Series 2007-56. Washington: Board of Governors of the Federal Reserve System, 2007.
• ''Learning and Shifts in Long-Run Productivity Growth'' (with Rochelle Edge and John C. Williams), Journal of Monetary Economics, vol. 54 (November 2007), pp. 2421-2438.
• New Evidence on the Interest Rate Effects of Budget Deficits and Debt, Finance and Economics Discussion Series 2003-12. Washington: Board of Governors of the Federal Reserve System, 2003.
• The Responses of Wages and Prices to Technology Shocks (with Rochelle Edge and John C. Williams), Finance and Economics Discussion Series 2003-65. Washington: Board of Governors of the Federal Reserve System, 2003.
• ''Measuring the Natural Rate of Interest'' (with John C. Williams), Review of Economics and Statistics, vol. 85 (November 2003), pp. 1063-1070.
• ''Implications of Habit Formation for Optimal Monetary Policy'' (with Jeffery D. Amato), Journal of Monetary Economics, vol. 51 (March 2004), pp. 305-325.
• ''Rule-of-Thumb Behaviour and Monetary Policy'' (with Jeffery D. Amato), European Economic Review, vol. 47 (October 2003), pp. 791-831.
• ''Estimation and Control of an Optimization-Based Model with Sticky Prices and Wages'' (with Jeffery D. Amato), Journal of Economic Dynamics and Control, vol. 27 (May 2003), pp. 1181-1215.
• ''Signalling Commitment with Monetary and Inflation Targets,'' European Economic Review, vol. 47 (December 2003), pp. 985-1009.
• ''Measuring the NAIRU: Evidence from Seven Economies,'' Review of Economics and Statistics, vol. 83 (May 2001), pp. 218-231.
• Inflation Targeting: Lessons from the International Experience (with Ben S. Bernanke, Frederic S. Mishkin, and Adam S. Posen). Princeton, NJ: Princeton University Press, 1999.