Thomas Laubach

Federal Reserve Board

Director in the Division of Monetary Affairs

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

21

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3,461

SSRN CITATIONS
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Top 1,846

in Total Papers Citations

252

CROSSREF CITATIONS

381

Scholarly Papers (21)

1.

Measuring the Natural Rate of Interest

Number of pages: 27 Posted: 17 Dec 2001
Thomas Laubach and John C. Williams
Federal Reserve Board and Federal Reserve Bank of New York
Downloads 677 (41,380)
Citation 8

Abstract:

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

2.

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

Number of pages: 21 Posted: 03 Jun 2003
Thomas Laubach
Federal Reserve Board
Downloads 353 (92,619)
Citation 81

Abstract:

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

3.

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
Federal Reserve Board, Federal Reserve Board and Federal Reserve Board - Division of Research and Statistics
Downloads 349 (93,828)
Citation 23

Abstract:

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

4.

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

Number of pages: 20 Posted: 17 Apr 2012
Thomas Laubach
Federal Reserve Board
Downloads 252 (133,158)
Citation 5

Abstract:

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5.

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
Federal Reserve Board and Federal Reserve Bank of New York
Downloads 229 (146,280)
Citation 32

Abstract:

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Econometrics, Money and interest rates

6.

Financial Stability and Optimal Interest-Rate Policy

FEDS Working Paper No. 2016-067
Number of pages: 72 Posted: 19 Aug 2016
Federal Reserve Board, Federal Reserve Board, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 225 (148,839)
Citation 5

Abstract:

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Financial crises, Financial stability and risk, Leverage, Monetary policy, Optimal policy

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, Federal Reserve Board, Banque de France -DGEI-DEMFI-RECFIN and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
Downloads 206 (161,651)

Abstract:

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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, Federal Reserve Board, Banque de France -DGEI-DEMFI-RECFIN and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
Downloads 189 (175,000)
Citation 54

Abstract:

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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
Federal Reserve Board and Goldman Sachs International
Downloads 186 (177,568)
Citation 44

Abstract:

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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
Federal Reserve Board and Goldman Sachs International
Downloads 132 (236,679)
Citation 12

Abstract:

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Habit formation, interest rate rules

11.

Measuring the Natural Rate of Interest: International Trends and Determinants

FEDS Working Paper No. 2016-073
Number of pages: 40 Posted: 08 Sep 2016
Kathryn Holston, Thomas Laubach and John C. Williams
Harvard University, Harvard Faculty of Arts and Sciences, Department of Economics, Students, Federal Reserve Board and Federal Reserve Bank of New York
Downloads 131 (238,034)
Citation 78

Abstract:

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Kalman filter, Monetary policy rules, Natural rate of output, Trend growth

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
Monetary Affairs Division at the Board of Governors of the Federal Reserve System, Federal Reserve Board and Federal Reserve Bank of New York
Downloads 121 (252,809)
Citation 21

Abstract:

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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
Monetary Affairs Division at the Board of Governors of the Federal Reserve System, Federal Reserve Board and Federal Reserve Bank of New York
Downloads 112 (267,286)
Citation 12

Abstract:

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

14.

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
Monetary Affairs Division at the Board of Governors of the Federal Reserve System, Federal Reserve Board and Federal Reserve Bank of New York
Downloads 78 (337,313)

Abstract:

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Inflation interia, estimated DGE models

15.

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 Federal Reserve Board
Downloads 61 (384,994)
Citation 1

Abstract:

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16.

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
Monetary Affairs Division at the Board of Governors of the Federal Reserve System, Federal Reserve Board and Federal Reserve Bank of New York
Downloads 58 (394,611)
Citation 3

Abstract:

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

17.

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 Federal Reserve Board
Downloads 46 (437,291)
Citation 5

Abstract:

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18.

Macroeconomic Effects of Large-Scale Asset Purchases: New Evidence

FEDS Working Paper No. 2020-047
Number of pages: 53 Posted: 21 Jun 2020
Kyungmin Kim, Thomas Laubach and Min Wei
Board of Governors of the Federal Reserve System, Federal Reserve Board and Board of Governors of the Federal Reserve - Division of Monetary Affairs
Downloads 24 (542,414)

Abstract:

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Unconventional monetary policy, Forward guidance, Quantitative easing (QE), Structural VAR, External instruments, Identification, Primary dealer survey, Macro effects

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 Federal Reserve Board
Downloads 18 (580,469)

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 Federal Reserve Board
Downloads 10 (634,473)

Abstract:

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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 Federal Reserve Board
Downloads 4 (678,041)
Citation 1

Abstract:

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