Thomas Laubach

Board of Governors of the Federal Reserve System

Director in the Division of Monetary Affairs

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

25

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Top 16,330

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3,747

SSRN CITATIONS
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Top 1,715

in Total Papers Citations

371

CROSSREF CITATIONS

380

Scholarly Papers (25)

1.

Measuring the Natural Rate of Interest

Number of pages: 27 Posted: 17 Dec 2001
Thomas Laubach and John C. Williams
Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 699 (45,328)
Citation 8

Abstract:

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Natural rate of interest, interest rate rules, Kalman filter, trend growth, potential output

2.

The Macroeconomic Effects of the Federal Reserve's Unconventional Monetary Policies

FEDS Working Paper No. 2015-005, http://dx.doi.org/10.17016/FEDS.2015.005
Number of pages: 55 Posted: 14 Feb 2015
Eric M. Engen, Thomas Laubach and David Reifschneider
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 392 (92,815)
Citation 37

Abstract:

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Monetary policy reaction function, federal funds rate, forward guidance, large-scale asset purchases, zero lower bound

3.

New Evidence on the Interest Rate Effects of Budget Deficits and Debt

Number of pages: 21 Posted: 03 Jun 2003
Thomas Laubach
Board of Governors of the Federal Reserve System
Downloads 363 (101,389)
Citation 90

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Government debt, government deficits, interest rate regressions, CBO projections, OMB projections

4.

Financial Stability and Optimal Interest-Rate Policy

FEDS Working Paper No. 2016-67
Number of pages: 72 Posted: 19 Aug 2016 Last Revised: 21 Sep 2016
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 275 (136,869)
Citation 12

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5.

The Effects of Budget Deficits on Interest Rates: A Review of Empirical Results

Number of pages: 20 Posted: 17 Apr 2012
Thomas Laubach
Board of Governors of the Federal Reserve System
Downloads 271 (138,875)
Citation 5

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6.

Measuring the Natural Rate of Interest Redux

FEDS Working Paper No. 2016-11
Number of pages: 31 Posted: 27 Feb 2016
Thomas Laubach and John C. Williams
Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 232 (161,867)
Citation 56

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7.

Fiscal Sustainability, Default Risk and Euro Area Sovereign Bond Spreads Markets

Banque de France Working Paper No. 350
Number of pages: 61 Posted: 07 Nov 2011
Banque de France, Board of Governors of the Federal Reserve System, Banque de France and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
Downloads 226 (166,044)

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Government debt, affine term structure models, default risk, yield spreads, fiscal projection

8.

Fiscal Sustainability, Default Risk and Euro Area Sovereign Bond Spreads

Paris December 2011 Finance Meeting EUROFIDAI - AFFI
Number of pages: 57 Posted: 13 Oct 2011 Last Revised: 18 Nov 2014
Banque de France, Board of Governors of the Federal Reserve System, Banque de France and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
Downloads 200 (186,274)
Citation 56

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Government debt, affine term structure models, default risk, yield spreads, fiscal projections

9.

Rule-of-Thumb Behaviour and Monetary Policy

Number of pages: 51 Posted: 03 Feb 2002
Thomas Laubach and Jeffery D. Amato
Board of Governors of the Federal Reserve System and Goldman Sachs International
Downloads 191 (194,182)
Citation 45

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Rule of thumb, optimal monetary policy, interest rate rules

10.

Implications of Habit Formation for Optimal Monetary Policy

FEDS Working Paper No. 2001-58, BIS Working Paper No. 121
Number of pages: 43 Posted: 13 Dec 2005
Thomas Laubach and Jeffery D. Amato
Board of Governors of the Federal Reserve System and Goldman Sachs International
Downloads 136 (258,310)
Citation 14

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Habit formation, interest rate rules

11.

Measuring the Natural Rate of Interest: International Trends and Determinants

FEDS Working Paper No. 2016-73
Number of pages: 40 Posted: 08 Sep 2016 Last Revised: 09 Sep 2016
Kathryn Holston, Thomas Laubach and John C. Williams
Harvard University, Harvard Faculty of Arts and Sciences, Department of Economics, Students, Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 135 (259,708)
Citation 120

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12.

Learning and Shifts in Long-Run Productivity Growth

FRB of San Francisco Working Paper No. 2004-04
Number of pages: 37 Posted: 05 May 2004
Rochelle M. Edge, Thomas Laubach and John C. Williams
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 124 (276,850)
Citation 23

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DGE models, Kalman-filter, Real-time data, Learning, Productivity growth

13.

The Responses of Wages and Prices to Technology Shocks

FRB of San Francisco Working Paper No. 2003-21
Number of pages: 40 Posted: 05 May 2004
Rochelle M. Edge, Thomas Laubach and John C. Williams
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 119 (285,402)
Citation 12

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Wages, prices, productivity, inflation inertia, estimated DGE models

14.

Macroeconomic Effects of Large-Scale Asset Purchases: New Evidence

FEDS Working Paper No. 2020-47
Number of pages: 53 Posted: 21 Jun 2020
Kyungmin Kim, Thomas Laubach and Min Wei
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 97 (327,905)
Citation 1

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15.

The Responses of Wages and Prices to Techology

Number of pages: 40 Posted: 04 Mar 2004
Rochelle M. Edge, Thomas Laubach and John C. Williams
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 80 (369,192)

Abstract:

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Inflation interia, estimated DGE models

16.

Forecast-Based Monetary Policy

BIS Working Paper No. 89
Number of pages: 40 Posted: 13 Dec 2005
Jeffery D. Amato and Thomas Laubach
Goldman Sachs International and Board of Governors of the Federal Reserve System
Downloads 61 (427,261)
Citation 1

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17.

Welfare-Maximizing Monetary Policy Under Parameter Uncertainty

FEDS Working Paper No. 2007-56
Number of pages: 42 Posted: 20 Aug 2007
Rochelle M. Edge, Thomas Laubach and John C. Williams
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 59 (434,373)
Citation 3

Abstract:

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technology shocks, monetary policy rules, natural rate of output, natural rate of interest

18.

Monetary Policy in an Estimated Optimisation-Based Model with Sticky Prices and Wages

BIS Working Paper No. 87
Number of pages: 46 Posted: 13 Dec 2005
Jeffery D. Amato and Thomas Laubach
Goldman Sachs International and Board of Governors of the Federal Reserve System
Downloads 47 (480,321)
Citation 5

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19.

The Expectations-Driven Us Current Account

Bundesbank Discussion Paper No. 10/2013
Number of pages: 36 Posted: 21 Jun 2016
Mathias Hoffmann, Michael U. Krause and Thomas Laubach
Deutsche Bundesbank, University of Cologne and Board of Governors of the Federal Reserve System
Downloads 20 (627,133)

Abstract:

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open economy, stochastic trend growth, Kalman filter, news shocks

20.

Long-Run Growth Expectations and 'Global Imbalances'

Bundesbank Series 1 Discussion Paper No. 2011,01
Number of pages: 48 Posted: 08 Jun 2016
Mathias Hoffmann, Michael U. Krause and Thomas Laubach
Deutsche Bundesbank, University of Cologne and Board of Governors of the Federal Reserve System
Downloads 13 (677,605)

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open economy DSGE models, trend growth, Kalman filter, real-time data, news and business cycles, current account

21.

Trend Growth Expectations and Us House Prices Before and after the Crisis

Bundesbank Discussion Paper No. 12/2012
Number of pages: 48 Posted: 21 Jun 2016
Mathias Hoffmann, Michael U. Krause and Thomas Laubach
Deutsche Bundesbank, University of Cologne and Board of Governors of the Federal Reserve System
Downloads 7 (723,910)
Citation 2

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House prices, trend growth, Kalman filter, real-time data, borrowing constraints

22.

The Federal Reserve's Review of its Monetary Policy Framework: A Roadmap

FEDS Notes No. 2020-08-27
Posted: 20 Jul 2021 Last Revised: 22 Jul 2021
Federal Reserve Banks - Federal Reserve Bank of Atlanta, Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Dallas and Board of Governors of the Federal Reserve System

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23.

The Federal Reserve’s Review of Its Monetary Policy Framework: A Roadmap

Posted: 16 Sep 2020
Federal Reserve Banks - Federal Reserve Bank of Atlanta, Federal Reserve Bank of Boston, Federal Reserve Banks - Federal Reserve Bank of Dallas and Board of Governors of the Federal Reserve System

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24.

Optimal-Control Monetary Policy in the FRB/US Model

FEDS Notes No. 2014-11-21-1 https://doi.org/10.17016/2380-7172.0035
Posted: 16 Dec 2014
Flint Brayton, Thomas Laubach and David Reifschneider
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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25.

The FRB/US Model: A Tool for Macroeconomic Policy Analysis

FEDS Notes No. 2014-04-03 https://doi.org/10.17016/2380-7172.0012
Posted: 16 Dec 2014
Flint Brayton, Thomas Laubach and David Reifschneider
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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