My research focuses on expectations and decision making in macroeconomic environments. I enjoy developing creative ways of implementing macroeconomies in controlled laboratory experiments to study policy-relevant questions.


My recent work investigates the ability of monetary policy and central bank communication to stabilize expectations and markets. These experiments have been funded by various institutions, organizations and programs including the Bank of Canada, the Sury Initative for Global Finance and International Risk Management, SSHRC/SFU Small Grants, as well as SSHRC Insight Development and Insight Grants.



Working Papers


“Distributing scarce jobs and output: experimental evidence on the effects of rationing”, with Guidon Fenig.  pdf


“Escaping Expectations-Driven Liquidity Traps: Experimental Evidence” with Jasmina Arifovic. pdf   (Revised June 2015)


“Expectations and Monetary Policy: Experimental Evidence”               with Oleksiy Kryvtsov.   pdf   ,  appendix    (Revised April 2015)


“Asset Trading and Monetary Policy in Production Economies” 

with Guidon Fenig and Mariya Mileva.   pdfappendix 


“Do Expectations and Decisions Respond to Monetary Policy?” pdf

(resubmitted, June 2015)



Publications


[2014] “Does Money Illusion Matter: Comment”

with Abel Winn. American Economic Review pdfappendix    published version


[2014] “Recent Developments in Experimental Macroeconomics” with Robert Amano and Oleksiy Kryvtsov. Bank of Canada Reviewpdf


[2014] “Forecast Error Information and Heterogeneous Expectations in Learning to Forecast Macroeconomic Experiments”, in “Experiments in Macroeconomics”, Vol. 17, Research in Experimental Economics. pdf



Work in Progress


“Individual and Social Evolutionary Learning in Liquidity Traps” with Jasmina Arifovic


“Sunspots in Asset Markets” with Jess Benhabib and Rosemarie Nagel


“Asset Markets in General Equilibrium” with Taylor Jaworski and Erik Kimbrough


“Central Bank Projections” with Fatemeh Mokhtarzadeh





























 


C.V.


Summer 2015 Teaching

Econ 483: Special Topics in Macroeconomics


2015 Scheduled Seminars and Conferences


University of Victoria Brown Bag, November 4, 2015


Southern Economics Association Meetings, Financial Markets and Banking Regulation Experiments session,

November 21-23, 2015


New York University Seminar,

December 3, 2015






Luba Petersen