Photo of Thomas Laubach

Thomas Laubach

Education

  • Ph.D., Economics, Princeton University, 1997
  • Diplom, Economics, University of Bonn, 1993
Current Research Topics
  • Imperfect information in macro models
  • Macro models of the term structure
  • Director

    Board of Governors of the Federal Reserve System

    2015 - present
  • Associate Director

    Board of Governors of the Federal Reserve System

    2012 - 2015
  • Senior Adviser

    Board of Governors of the Federal Reserve System

    2012
  • Professor

    Goethe University Frankfurt

    2008 - 2012
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2005 - 2008
  • Economist

    Board of Governors of the Federal Reserve System

    2000 - 2005
  • Economist

    Federal Reserve Bank of Kansas City

    1997 - 2000
  • Holston, Kathryn, Thomas Laubach, and John C. Williams (2016). "Measuring the Natural Rate of Interest: International Trends and Determinants," Finance and Economics Discussion Series 2016-073. Board of Governors of the Federal Reserve System (U.S.).
  • Ajello, Andrea, Thomas Laubach, David Lopez-Salido, and Taisuke Nakata (2016). "Financial Stability and Optimal Interest-Rate Policy," Finance and Economics Discussion Series 2016-067. Board of Governors of the Federal Reserve System (U.S.).
  • Laubach, Thomas, and John C. Williams (2016). "Measuring the Natural Rate of Interest Redux," Business Economics, vol. 51, no. 2, pp. 57-67.
  • Engen, Eric M., Thomas Laubach, and David Reifschneider (2015). "The Macroeconomic Effects of the Federal Reserve's Unconventional Monetary Policies," Finance and Economics Discussion Series 2015-005. Board of Governors of the Federal Reserve System (U.S.).
  • Brayton, Flint, Thomas Laubach, and David Reifschneider (2014). "Optimal-Control Monetary Policy in the FRB/US Model," FEDS Notes 2014-11-21. Board of Governors of the Federal Reserve System (U.S.).
  • Brayton, Flint, Thomas Laubach, and David Reifschneider (2014). "The FRB/US Model: A Tool for Macroeconomic Policy Analysis," FEDS Notes 2014-04-03. Board of Governors of the Federal Reserve System (U.S.).
  • Hoffmann, Mathias, Michael U. Krause, and Thomas Laubach (2012). "Trend Growth Expectations and U.S. House Prices Before and After the Crisis," Journal of Economic Behavior and Organization, vol. 83, no. 3, pp. 394-409.
  • Laubach, Thomas (2011). "Fiscal Policy and Interest Rates: The Role of Sovereign Default Risk," in Clarida, Richard H., Francesco Giavazzi eds., NBER International Seminar on Macroeconomics 2010. National Bureau of Economic Research, pp. 7-29.
  • Edge, Rochelle M., Thomas Laubach, and John C. Williams (2010 ). "Welfare-Maximizing Monetary Policy Under Parameter Uncertainty," Journal of Applied Econometrics, vol. 25, no. 1, pp. 129-143.
  • Laubach, Thomas (2009). "New Evidence on the Interest Rate Effects of Budget Deficits and Debt," Journal of the European Economic Association, vol. 7, no. 4, pp. 858-885.
  • Edge, Rochelle M., Thomas Laubach, and John C. Williams (2007). "Learning and Shifts in Long-Run Productivity Growth," Journal of Monetary Economics, vol. 54, no. 8, pp. 2421-2438.
  • Laubach, Thomas (2006). "A History Of Central Banking In Great Britain And The United States," Journal Of International Economics, vol. 70, no. 2, pp. 508-512.
  • Amato, Jeffery D., and Thomas Laubach (2004). "Implications of Habit Formation for Optimal Monetary Policy," Journal of Monetary Economics, vol. 51, no. 2, pp. 305-325.
  • Laubach, Thomas, and John C. Williams (2003). "Measuring the Natural Rate of Interest," Review of Economics and Statistics, vol. 85, no. 4, pp. 1063-1070.
  • Amato, Jeffery D., and Thomas Laubach (2003). "Rule-of-Thumb Behaviour and Monetary Policy," European Economic Review, vol. 47, no. 5, pp. 791-831.
  • Amato, Jeffery D., and Thomas Laubach (2003). "Estimation and Control of an Optimization-Based Model with Sticky Prices and Wages," Journal of Economic Dynamics and Control, vol. 27, no. 7, pp. 1181-1215.
  • Laubach, Thomas (2003). "Signalling Commitment with Monetary and Inflation Targets," European Economic Review, vol. 47, no. 6, pp. 985-1009.
  • Laubach, Thomas (2001). "Measuring the NAIRU: Evidence from Seven Economies," Review of Economics and Statistics, vol. 83, no. 2, pp. 218-231.
  • Laubach, Thomas, Ben S. Bernanke, Frederic S. Mishkin, and Adam S. Posen (1999). Inflation targeting - lessons from the international experience. Princeton, New Jersey: Princeton University Press.
Last update: May 19, 2017