Meet the Economists

Robert J. Tetlow
robert.j.tetlow@frb.gov
Education
- Ph.D., Economics, Carleton University (Ottawa)
- M.A., Economics, Simon Fraser University
- B.A., Economics/Commerce, Simon Fraser University
- Financial Stress and Macroeconomic Dynamics
- Learning, Expectations, and Bubbles
Senior Adviser
Division of Monetary Affairs
2016 - presentAdviser
Division of Monetary Affairs
2013 - 2016Senior Economist
Division of Research and Statistics
2000 - 2013Visiting Adviser
Research Department, International Monetary Fund
2010 - 2011Economist
Division of Research and Statistics, Board of Governors of the Federal Reserve System
1995 - 2000Research Officer
Research Department, Bank of Canada
1993 - 1995Senior Analyst
Research Department, Bank of Canada
1991 - 1993Economist
Department of Monetary and Financial Analysis, Bank of Canada
1988 - 1991
- English, William B., J. David Lopez-Salid, and Robert J. Tetlow (2015). "The Federal Reserve's Framework for Monetary Policy: Recent Changes and New Questions," IMF Economic Review, vol. 63, no. 1, pp. 22-70.
- Bomfim, Antulio N., Robert Tetlow, Peter von zur Muehlen, and John Williams (1997). "Expectations, Learning, and the Costs of Disinflation: Experiments Using the FRB/US Model," in Monetary Policy and the Inflation Process. BIS Conference Papers, no. 4. Basel: Bank for International Settlements, pp. 222-243.
- Tetlow, Robert J. (2015). "Real-Time Model Uncertainty in the United States: 'Robust' Policies Put to the Test," International Journal of Central Banking, vol. 11, no. 1, pp. 113-155.
- Hubrich, Kirstin, and Robert Tetlow (2015). "Financial Stress and Economic Dynamics: The Transmission of Crises," Journal of Monetary Economics, vol. 70, pp. 100-115.
- English, William B., J. David Lopez-Salido, and Robert Tetlow (2013). "The Federal Reserve's Framework for Monetary Policy: Recent Changes and New Questions," Finance and Economics Discussion Series 2013-76. Board of Governors of the Federal Reserve System (U.S.).
- Tetlow, Robert J. (2009). "The Challenges of Estimating Potential Output in Real Time: Commentary," Federal Reserve Bank of St. Louis Review, vol. 91, no. 4, pp. 291-296.
- Tetlow, Robert J., and Peter von zur Muehlen (2009). "Robustifying Learnability," Journal of Economic Dynamics and Control, vol. 33, no. 2, pp. 296-316.
- Tetlow, Robert J. (2008). "Inflation Targeting and Target Instability," International Journal of Central Banking, vol. 4, no. 4, pp. 151-192.
- Tetlow, Robert J. (2007). "On the Robustness of Simple and Optimal Monetary Policy Rules: Discussion," Journal of Monetary Economics, vol. 54, no. 5, pp. 1397-1405.
- Tetlow, Robert J., and Brian Ironside (2007). "Real-Time Model Uncertainty in the United States: The Fed, 1996-2003," Journal of Money, Credit and Banking, vol. 39, no. 7, pp. 1533-1849.
- Tetlow, Robert J. (2006). "Monetary Policy, Asset Prices and Misspecification," In Issues in Inflation Targeting: Proceedings of a Conference Held by the Bank of Canada, April 28-29, 2005. Bank of Canada, pp. 155-183.
- Svensson, Lars E. O., and Robert J. Tetlow (2005). "Optimal Policy Projections," International Journal of Central Banking, vol. 1, no. 3, pp. 177-207.
- Svensson, Lars O., and Robert J. Tetlow (2005). "Optimal Policy Projections," NBER Working Papers 11392. National Bureau of Economic Research, Inc.
- Tetlow, Robert, and Peter von zur Muehlen (2004). "Avoiding Nash Inflation: Bayesian and Robust Responses to Model Uncertainty," Review of Economic Dynamics, vol. 7, no. 4, pp. 869-899.
- Tetlow, Robert J., and Peter von zur Muehlen (2001). "Robust Monetary Policy with Misspecified Models: Does Model Uncertainty always Call for Attenuated Policy?" Journal of Economic Dynamics and Control, vol. 25, no. 6-7, pp. 911-949.
- Tetlow, Robert J., and Peter von zur Muehlen (2001). "Simplicity Versus Optimality: The Choice of Monetary Policy Rules when Agents must Learn," Journal of Economic Dynamics and Control, vol. 25, no. 1-2, pp. 245-279.
- Orphanides, Athanasios, Richard D. Porter, David Reifschneider, Robert Tetlow, and Frederico Finan (2000). "Errors in the Measurement of the Output Gap and the Design of Monetary Policy," Journal of Economics and Business, vol. 52, no. 1/2, pp. 117-141.
- Finan, Frederico S., and Robert Tetlow (1999). "Optimal Control of Large, Forward-Looking Models Efficient Solutions and Two Examples," Finance and Economics Discussion Series 1999-51. Board of Governors of the Federal Reserve System (U.S.).
- Reifschneider, David, Robert Tetlow, and John Williams (1999). "Aggregate Disturbances, Monetary Policy, and the Macroeconomy: The FRB/US Perspective," Federal Reserve Bulletin, vol. 85, no. 1, pp. 1-19.
- Bomfim, Antulio, Robert Tetlow, Peter Von Zur Muehlen, and John Williams (1997). "Expectations, Learning and the Costs of Disinflation: Experiments using the FRB/US Model," Finance and Economics Discussion Series 1997-42. Board of Governors of the Federal Reserve System (U.S.).
- Tetlow, Robert, Donald Coletti, Ben Hunt, and David Rose (1996). "The Dynamic Model: QPM," in Part 3 of the Bank of Canada's New Quarterly Projection Model, Technical Report, no. 75. Canada: Bank of Canada.
- Macklem, Tiff, David Rose, and Robert Tetlow (1995). "Government Debt and Deficits in Canada: A Macro Simulation Analysis," Working Papers 95-4. Bank of Canada.
- Fillion, Jean-Francois, and Robert Tetlow (1994). "Zero-Inflation or Price-Level Targeting? Some Answers from Stochastic Simulations on a Small Open-Economy Macro Model," in Economic Behaviour and Policy Choice Under Price Stability. Ottawa: Bank of Canada, pp. 129-166.
- Tetlow, Robert, Richard Black, Douglas Laxton, and David Rose (1994). "The Steady-State Model: SSQPM," in Parrt 1 of the Bank of Canada's New Quarterly Projection Model, Bank of Canada Technical Report, no. 72. Ottawa: Bank of Canada.
- Macklem, Tiff, David Rose, and Robert Tetlow (1994). "Government Debt and Deficits in Canada: A Macro Simulation Analysis," in Robson, William B.,P., William Scarth M. eds., Deficit Reduction: What Pain, what Gain? Toronto: C.D. Howe Institute, pp. 231-272.
- Tetlow, Robert, Douglas Laxton, and David Rose (1993). "Monetary Policy, Uncertainty and the Presumption of Linearity," Bank of Canada Technical Report 63. Bank of Canada.
- Tetlow, Robert, and Douglas Laxton (1992). "A Simple Multivariate Filter for the Measurement of Potential Output," Bank of Canada Technical Report 59. Bank of Canada.
- Tetlow, Robert, and Douglas Laxton (1992). "Government Debt in an Open Economy," Bank of Canada Technical Report 58. Bank of Canada.
conference
September 2014Advances in Applied Macro-Finance and Forecasting
Melting Down: Systemic Financial Instability and the Macroeconomy
seminar
September 2014Istanbul School of Central Banking, Istanbul, Turkey
An Introduction to the FRB/US Model of the U.S. Economy
conference
January 2013American Economics Association meetings, San Diego
Real-time Model Uncertainty in the United States: 'Robust' policies put to the test
conference
July 2011NBER Summer Institute
Financial Stress and Macroeconomic Dynamics: the transmission of crises
conference
October 2009FRB-Cleveland conference on "Models and Policies for Economies with Credit and Financial Instability
Discussion of "Banks, Market Organization and Macroeconomic Performance: an agent-based computational analysis" by Ashraf, Gershman and Howitt
conference
October 2009FRB Conference on Key Developments in Monetary Economics
Discussion of "Wanting Robustness to Misspecification" by Lars P. Hansen and Thomas Sargent
conference
October 200833rd Annual Policy Conference of the FRB-St.Louis
Discussion of "The Pitfalls of Measuring Potential Output in Real Time" by Robert Arnold
conference
May 20082008 World Congress on National Accounts and Economic Performance Measures
Some Implications of Mismeasurement for Model Uncertainty and Monetary Policy
conference
July 2015NBER Summer Institute
Melting Down: Systemic Financial Instability and the Macroeconomy
Conference Organization
June 2005 | Washington, D.C.
Computing in Economics and Finance 2005
Co-organizer
April 2003 | Washington, D.C.
Central Bankers' Workshop on Macromodeling
Co-organizer
Referee
- American Economic Review
- American Economic Journal: Macroeconomics
- European Economic Review
- Journal of the European Economic Association
- Journal of Monetary Economics
- Journal of Money, Credit and Banking
- International Journal of Central Banking
- Journal of Economic Dynamics & Control
- Review of Economic Dynamics
- Theoretical Economics
- Handbook of Monetary Economics
- Oxford Economic Papers
- Journal of Economic Surveys
- International Finance
- Journal of Macroeconomics
- Manchester School
- Computational Economics
Professional Affiliation
- President, Society for Computational Economics, 2010-2011
- Member, Advisory Committee, Society for Computational Economics
- Member, American Economic Association
- Member, Society for Economic Dynamics